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Interactive Brokers Configuration

Part 1) Interactive Broker account and Trader Workstation setup requirements (Account type, datafeed subscription and symbol limitation)

IBKR account Type

You can use Investor/RT with an IBKR Pro real-money account or with a paper account associated with this IBKR Pro real-money account and sharing the same data feed subscription. You can not connect with an IBKR Lite account, as it doesn't support any API connection.

How do I put an overall stop loss or target on a trading system that trades a basket/quotepage of stocks?

The Array User Variable (ARRAY) technical indicator will be instrumental in accomplishing an overall stop loss on a system which tests a basket/quotepage of stocks. In our example, we'll assume that our system is an intraday system running on a given quotepage of stocks, and when the overall system gets down a certain dollar amount, we want to get out of all positions and not re-enter until the next day. Otherwise, the process should be system-independent.

How do I implement a stop and/or target in a trading system?

Assuming you have a system that goes both long (with BUY action) and short (with SELLSHORT action). And let's also assume we want to implement both a stop and a target on both the long and short trades. Let's also assume that we want the target to be 50 cents and the stop to be 25 cents.

In RTL, the token ENTRY gives us the entry price of any position. This token makes implementing stops and targets relatively simple.

All About Futures Rollover in Investor/RT

It's that time of the quarter (or month), time to roll over your futures contract to the new month. At the time of editing this topic, ESM4 (June 2024) is about to expire and ESU4 (Sept 2024) is becoming the new front-month contract. To keep relevant long term view analysis (especially the one involving Volume profile), the vast majority of our users wish to remove the gap created in the continuous contract (@ES#) data when a contract rolls over. Let's review this simple procedure:

How can I access Market Indices like the TICK.Z, TRIN, ADD, VIX, TYX, TNX, PREM etc.

Access to Market Breadth Indices and other Statistics like the TICK.Z, TRIN, ADD, VIX, TYX, TNX, PREM etc., are available at an additional cost if you are using DTN IQfeed or ESignal for real time data. To add these to your account, you will have to contact them directly. If you are feeding Investor/RT with a broker feed and using DTN Market Access for historical data, you may notice that these indices are available by downloading them but the data is not flowing in real time.

Understanding Dynamic Profiles and MPB or BOP

Dynamic Profiles allow the price action of the market to dictate the duration of a profile. As price continues to trade within a given range, a profile will continue to build. New profiles are only formed once price moves to new levels relative to recent bars.

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