Support Board
Date/Time: Sun, 23 Feb 2025 22:09:56 +0000
[User Discussion] - Not Urgent: Automated Trading through Interactive Brokers
View Count: 744
| [2021-01-20 20:55:52] |
| Adam Schwartz - Posts: 81 |
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I will be starting automated trading through interactive brokers within the next couple of weeks and just wanted to clarify a few things. I have read documentation but just want to be sure. This is not an urgent request so feel free to reply whenever you have a spare moment. The automated trading is using a study created through ASCIL - there is nothing manual about it (entries or exits). I am using the study on two different time frames concurrently, but only on one symbol/product. I have two accounts with interactive brokers but I am not using two instances of TWS as both accounts can be accessed from the master login. 1)Do I need to use two instances of sierra chart (one for one timeframe and one for the other) and connect each instance to IB through data/trade service settings, also changing the second instance "Instance Client ID"? 2)How can I tell each instance of sierra which of the two IB accounts to send the trades to? Do I have to attach trade window to chart and select the account there or is there another way to do this? Since the strategy is fully automated, I wan't planning on having a trade window. 3)Might be a silly question, but I assume trades will only be sent as long as BOTH SC and TWS are running? This means leaving the computer on 24/7. 4) Lastly, I will still be using SC to look at other symbols that I manually trade. For obvious reasons, I prefer to use SC data feed. Even though I am using SC data feed, do I still have to obide by IB's backwards symbol methodology as I am connected to them through data/trade service settings? And the data is still from SC and not IB, right? Many thanks in advance for your assistance, A |
| [2021-02-16 12:41:20] |
| Adam Schwartz - Posts: 81 |
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Hi, Any answers to the above? Thanks, A |
| [2021-02-22 17:57:00] |
| Adam Schwartz - Posts: 81 |
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Appreciate any response, thanks
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| [2021-02-22 18:32:13] |
| ForgivingComputers.com - Posts: 1012 |
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1)Do I need to use two instances of sierra chart (one for one timeframe and one for the other) and connect each instance to IB through data/trade service settings, also changing the second instance "Instance Client ID"?
No. However, if you have two charts both auto trading the same symbol in the same account, you could have problems if you are not careful. 2)How can I tell each instance of sierra which of the two IB accounts to send the trades to? Do I have to attach trade window to chart and select the account there or is there another way to do this? Since the strategy is fully automated, I wan't planning on having a trade window.
Yes, you select the IB account through the Trade Window, which does not need to be attached to the chart, and you can close it when done making the selection. Note that the different accounts must belong to the same IB username. Basic Trading and the Trade Window: Main/C >> Trade Account (Selecting Trade Account for Chart / Trade DOM) 3)Might be a silly question, but I assume trades will only be sent as long as BOTH SC and TWS are running? This means leaving the computer on 24/7.
I believe IB requires TWS to be running to use SC. Regardless, your PC needs to be running for autotrade to work. 4) Lastly, I will still be using SC to look at other symbols that I manually trade. For obvious reasons, I prefer to use SC data feed. Even though I am using SC data feed, do I still have to obide by IB's backwards symbol methodology as I am connected to them through data/trade service settings? And the data is still from SC and not IB, right?
You can trade through IB and use the Denali data feed. See this post: Your experiences with Interactive Brokers | Post: 206291 You can also install Sierra Chart in another folder and use the SC Data feed. |
| [2021-02-24 01:19:40] |
| user_xyz - Posts: 446 |
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I believe IB requires TWS to be running to use SC. Regardless, your PC needs to be running for autotrade to work.
You can also use the IB Gateway in lieu of TWS. This is nice if you don't need the full TWS app running and using massive PC resources. |
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