autotrading FX with NT7 & IBIdeal mini lots. - Currency Futures | futures io social day trading
futures io futures trading


autotrading FX with NT7 & IBIdeal mini lots.
Updated: Views / Replies:3,667 / 17
Created: by Stem1 Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

autotrading FX with NT7 & IBIdeal mini lots.

  #1 (permalink)
Elite Member
Cairns Australia
 
Futures Experience: Beginner
Platform: MC,NT7
Broker/Data: Dukascopy
Favorite Futures: FX
 
Posts: 51 since Dec 2009
Thanks: 96 given, 9 received

autotrading FX with NT7 & IBIdeal mini lots.

Hi, does anyone have experience configuring TWS to auto trade FX with NT7?
I've set up the NT7>instrument editor>definition>IBIdeal for all currencies, to trade order sizes that are under Ideal Pro limit, but still get "order too small for Ideal Pro, rejected and self terminated" on the NT side, while TWS records the trade in IdealPro.
I'm sure I have something configured incorrectly, as I have been unable to find much to read on this subject in the IB knowledge base.
Thanks

Reply With Quote
 
  #2 (permalink)
Administrator: Retired Backtester
 Vendor: speedytradingservers.com 
Rennes France
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: IB/Kinetick
Favorite Futures: Futures
 
sam028's Avatar
 
Posts: 3,366 since Jun 2009
Thanks: 3,573 given, 3,982 received

I've tried, and have the same issue with NT 6.5.
I think the problem is in the link between NT and TWS, and not a configuration issue.
If I'm right, that's just very bad, and you won't be able to trade small lots with NT and IB...
Maybe an other broker, "NT small lots compatible", like MBT.

Success requires no deodorant! (Sun Tzu)

Last edited by sam028; December 20th, 2010 at 02:56 PM. Reason: typo
Reply With Quote
The following user says Thank You to sam028 for this post:
 
  #3 (permalink)
Elite Member
Chicago, IL
 
Futures Experience: Master
Platform: Kinetick Ninja Trader <7>
Broker/Data: Ninja & IB
Favorite Futures: YM & Equities & Options & Mutual Funds
 
Posts: 174 since Jun 2010
Thanks: 56 given, 82 received


Isn't the spread on those minis currency futures prohibitive to autotrading? I mean anything bigger that 2 tick spread really changes the parameters of the strategy, right?

Or are you talking about the 25,000 forex minimum?

Reply With Quote
 
  #4 (permalink)
Elite Member
las vegas
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: Velocity/IB
Favorite Futures: 6E
 
Posts: 1,147 since Feb 2010
Thanks: 304 given, 836 received

I believe he is talking about trading spot forex. You can force small trades through on the IB side, but you will always get the error and with $5 rt minimum commissions it makes no sense whatsoever to trade less than 100,000 units through IB on an ongoing basis. Commissions on majors are also considerably higher than comparable futures contracts, so even then you really should only trade cross pairs on spot. Personally, I wouldn't even consider automation with NT and IB due to too many reliabilty issues. Regardless, good luck.

Reply With Quote
The following 2 users say Thank You to vegasfoster for this post:
 
  #5 (permalink)
Elite Member
Chicago, IL
 
Futures Experience: Master
Platform: Kinetick Ninja Trader <7>
Broker/Data: Ninja & IB
Favorite Futures: YM & Equities & Options & Mutual Funds
 
Posts: 174 since Jun 2010
Thanks: 56 given, 82 received

I would tend to agree. I do however wonder how sending orders through IB and pulling data through and other source to insure accuracy. At the end of the day however, seems like walking around the block to get to the store next door. Nes Pas?

Reply With Quote
 
  #6 (permalink)
Elite Member
Cairns Australia
 
Futures Experience: Beginner
Platform: MC,NT7
Broker/Data: Dukascopy
Favorite Futures: FX
 
Posts: 51 since Dec 2009
Thanks: 96 given, 9 received

Thanks Guys, my auto strategies are going after around 100 pips, and at $1 per pip the $5 commish isn't too bad. I want to keep the risk per trade to about 1% of my account so these are the numbers I need to work with for the moment.
I've done quite a bit of retesting of my strategies on the IB historical 1 year data, to compare trade for trade with with the results of testing on the 2-3 years of Gain historical data on which the strategies were built. I have found that most stategies performed 3-6% worse on the IB data, some the same and a couple better. The 60m bars are usually within about 5 pips of each other but I've seen up to 26 pips. With a little tuning, I'm going to use the IB historical and run the strategies in live sim and see how they do. I'm taking a guess that 1 years worth of data from the broker I trade on is more acuurate for tuning that 2-3 years worth of data from a different ECN network. It is a guess, so now I'm testing it. That is, as soon as I can get NT7 and TWS to talk to each other....

Reply With Quote
 
  #7 (permalink)
Elite Member
Cairns Australia
 
Futures Experience: Beginner
Platform: MC,NT7
Broker/Data: Dukascopy
Favorite Futures: FX
 
Posts: 51 since Dec 2009
Thanks: 96 given, 9 received

Now I'm wondering which broker DOES work with NT to auto trade FX for about $1 per pip....

Reply With Quote
 
  #8 (permalink)
Elite Member
Italy (IT)
 
Futures Experience: Advanced
Platform: ATAS, R|Trader, NT8
Broker/Data: Rithmic
Favorite Futures: CL, Brent, GC, TF
 
LukeGeniol's Avatar
 
Posts: 1,501 since Apr 2010
Thanks: 408 given, 974 received


Stem1 View Post
Now I'm wondering which broker DOES work with NT to auto trade FX for about $1 per pip....

MBT is directly supported by NT.
Dukascopy uses a bridge, look here https://futures.io/vendors-commercial-products/7103-dtn-bridge-dukascopy-ninjatrader.html.

Take your Pips, go out and Live.
Luke.
Reply With Quote
The following user says Thank You to LukeGeniol for this post:
 
  #9 (permalink)
Elite Member
Chicago, IL
 
Futures Experience: Master
Platform: Kinetick Ninja Trader <7>
Broker/Data: Ninja & IB
Favorite Futures: YM & Equities & Options & Mutual Funds
 
Posts: 174 since Jun 2010
Thanks: 56 given, 82 received


sam028 View Post
Maybe an other broker, "NT small lots compatible", like MBT.


Your commissions would be like $.60 RT with MBT on $10,000.


Are you taking the currency down to the .00005 or .0001 in your strategy?

Reply With Quote
 
  #10 (permalink)
Elite Member
Cairns Australia
 
Futures Experience: Beginner
Platform: MC,NT7
Broker/Data: Dukascopy
Favorite Futures: FX
 
Posts: 51 since Dec 2009
Thanks: 96 given, 9 received


Stoplosses are held in NT for MBT, and I get frequent disconnections daily, (with Gain and IB), and that just plain scares me, its going to bite me....
I'll look into the DTN/Dukascopy.

I take the currency down to .00005.

Reply With Quote

Reply



futures io > > > > autotrading FX with NT7 & IBIdeal mini lots.

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Question: S&P e-mini ticker symbol grltrader Traders Hideout 13 May 8th, 2011 10:03 PM
MC/IB/IQ auto trade FX mini lots. Stem1 Currency Futures 14 May 6th, 2011 11:27 PM
Newbie Question about Autotrading (NT7) NJAMC The Elite Circle 3 April 6th, 2011 03:52 PM
Which Broket for trading Stocks,Futures & FX with NT ? SMuhr Reviews of Brokers and Data Feeds 3 May 7th, 2010 07:06 AM
BruteForce-E-mini S&P MidCap 400 Zoethecus Trading Journals 3 May 4th, 2010 09:49 PM


All times are GMT -4. The time now is 06:14 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-14 in 0.13 seconds with 19 queries on phoenix via your IP 54.160.245.121