hi everyone, I am new to this forum and i was wondering if anybody had any experience using WL4-Pro in conjunction with Forex trades. I was also thinking to use Interactive-Brokers (IB) as a broker. 1. Can i use WL4-Pro with IB in realtime for the execution? 2. Is this reliable? If not, what kind of problem can i expect? 3. Can i backtest with an IB-demo account before going live? 4. Is the IB-demo data reliable for backtesting? 5. Any other point(s) i should be made aware of? Thanks in advance for any feedback.
As far as I know WL4 doesn't support IB as a broker. It did briefly before takeover by Fidelity, then the adapter was removed permanently. Anyway, WL4 isn't suitable for automated trading, it's too ancient. I use it daily for backtesting though.
You may also want to check out tradelink. TradeLink is : * free and open source * works with 10+ brokers including IB * supports fast-tick based backtesting * supports most FX, options, equities and futures contracts across various brokers * active 200 member user community http://tradelink.googlecode.com