Is there a quick way to add an StopLoss to a order on IB ??? I mean, without choosing 'advanced', choose the SL box, set the SL price, press OK. Just a normal bar or case on the order entry window, to add the SL price ? Like IB has on the trading portal on the website... Automatic bracket order is not an options, as my SL is always different. (btw, no, I'm not looking for a different broker)
Algo/API is the fastest way. With an Optimim Cable connection the best I’ve seen is about a 250ms response time.. sometimes 1500ms if they drag their feet and giving better fills to a preffered client (which is effing annoying). I have FIOS now so I really should benchmark it again. Regardless I don’t think that the network is the bottleneck. What is your network connection? Did you measure your ping time to their servers? I wrote a little API command-line interface for stuff like this, so I could punch in a command like the following, or use in a script: Code: STOP NYSE IBM 200 111.11 This enters a STOP order for ticker IBM on the New York Stock Exchange for 200 shares at a price of $111.11.
kmiklas- being honest, while you live in NJ not far from the NJ data centers, a quarter of a second is terrible.
The delay of an algo is not the same as a limit or market order as the algo has instructions that might not provide a fast execution. Try timing a simple buy on the ask.
Yes that’s what I had in mind. Just some simple market, limit, stop orders. Note that IB and other brokers have a large portfolio of order types, and these can actually work in your favor. Some of the more complex order types are routed to a different, _faster_ queue!
Give me a week or two to dig up my old algos and time them. Despite an attractive T-Bill market, I want to get back into algo trading. This market won’t last forever!
All my IB orders are bracket orders. Under PRESETS, I have various SL for various Futures. So that means I use a 2-click entry (press BID or OFFER, then press TRANSMIT which will also send the attached SL order). Some other platforms allow a 1-click entry. I also have a lousy platform that requires tens of clicks!!!