IB's new data-feed policy sucks - IB Trader Workstation | futures io social day trading
futures io futures trading


IB's new data-feed policy sucks
Updated: Views / Replies:13,815 / 29
Created: by TraderSU 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 – 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 don’t 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
 

IB's new data-feed policy sucks

  #1 (permalink)
Elite Member
New York
 
Futures Experience: Intermediate
Platform: NinjaTrader, Custom Platform
Broker/Data: IB
Favorite Futures: ES, YM, Currency Futures
 
Posts: 79 since May 2010
Thanks: 46 given, 68 received

IB's new data-feed policy sucks

My old IB setup was like followings (and I was pretty happy with it).
  • One dedicated machine with TWS-demo running 24x6 on it.
  • NinjaTrader running on same machine; running cool charts, indicators, custom blogging and alerts.
  • For trading, I was either using TWS or mobileTWS (if I'm not at desk).

The new policy blocks the data feed in demo account if you also login into your real account. That pauses my charts and alerts...

Running TWS-live on same computer is no biggie but my charting/alerting stops every-time I connect from mobile and this is pretty disturbing. Looks like IB folks have made some assumption that traders will be glued to desk whole 24x6.

CRAZY IDEA!

How are you handling this new change?


Last edited by TraderSU; January 7th, 2012 at 09:43 AM. Reason: Explained the problem in more details
Reply With Quote
The following user says Thank You to TraderSU for this post:
 
  #2 (permalink)
Elite Member
Portland Oregon, United States
 
Futures Experience: Beginner
Platform: Ninjatrader®
Broker/Data: CQG, Kinetick
Favorite Futures: Gameplay Klownbine® Trading of Globex
 
Zondor's Avatar
 
Posts: 1,327 since Jul 2009
Thanks: 1,246 given, 2,635 received

It's really none of my business but I couldn't resist

Using any kind of mobile connection, whether Wi Fi, WiMax, or cellular wireless, for trading is pretty dangerous because of the latency.

Not sure why people use IB at all. It must be the excellent personalized customer service... provided by Skynet.

Reply With Quote
The following user says Thank You to Zondor for this post:
 
  #3 (permalink)
Elite Member
New York
 
Futures Experience: Intermediate
Platform: NinjaTrader, Custom Platform
Broker/Data: IB
Favorite Futures: ES, YM, Currency Futures
 
Posts: 79 since May 2010
Thanks: 46 given, 68 received


I'm not a scalper so need not to worry about latency; 3m charts is the lowest I see. Mobile TWS was really handy in placing / managing swing orders. I miss it very much.


Quoting 
Not sure why people use IB at all. It must be the excellent personalized customer service... provided by Skynet.

I love IB; won't look at other brokers ever. I've this bias coz of my engineering background - your mileage may differ.

1. API + free data feed (waived if you are actively trading).
2. Ultra low commission. I can do a round-trip lot of 200 shares for less than 60 cents. Round trip ES for $4.

Anyway, lets not deviate from main topic.

Reply With Quote
The following user says Thank You to TraderSU for this post:
 
  #4 (permalink)
Elite Member
North Port, Florida
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: IB
Favorite Futures: 6E ES
 
Tiberius's Avatar
 
Posts: 1,539 since Feb 2010
Thanks: 2,902 given, 3,330 received

??


TraderSU View Post
I'm not a scalper so need not to worry about latency; 3m charts is the lowest I see. Mobile TWS was really handy in placing / managing swing orders. I miss it very much.


I love IB; won't look at other brokers ever. I've this bias coz of my engineering background - your mileage may differ.

1. API + free data feed (waived if you are actively trading).
2. Ultra low commission. I can do a round-trip lot of 200 shares for less than 60 cents. Round trip ES for $4.

Anyway, lets not deviate from main topic.

@TraderSU What is your commission package called to get $.60/ 200 shares? flat rate or cost plus?

Reply With Quote
 
  #5 (permalink)
Elite Member
New York
 
Futures Experience: Intermediate
Platform: NinjaTrader, Custom Platform
Broker/Data: IB
Favorite Futures: ES, YM, Currency Futures
 
Posts: 79 since May 2010
Thanks: 46 given, 68 received


Tiberius View Post
@TraderSU What is your commission package called to get $.60/ 200 shares? flat rate or cost plus?

Cost plus and I was always tring to add liquidity; ISLAND was great for liquidity reward and fill is non-issue if you are trading in very liquid stocks. It becomes expensive if your stop gets hit (remove liquidity). 95%+ of my orders were LMT so it was a great saving. Try it - you'll love it. Warning: low commission can make you over-trade.

Haven't traded stocks for more than a year or so my calculation could be little off.

Reply With Quote
 
  #6 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,221 received


TraderSU View Post
How are you handling this new change?

Can you post the details on the change?

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following user says Thank You to Big Mike for this post:
 
  #7 (permalink)
Elite Member
New York
 
Futures Experience: Intermediate
Platform: NinjaTrader, Custom Platform
Broker/Data: IB
Favorite Futures: ES, YM, Currency Futures
 
Posts: 79 since May 2010
Thanks: 46 given, 68 received


Big Mike View Post
Can you post the details on the change?

Mike

Ref: http://ibkb.interactivebrokers.com/taxonomy/term/120

Market Data Considerations for the Paper Trading Account

As a licensed distributor of exchange market data, IB is obligated to respect constraints imposed by the exchanges which serve to govern the dissemination and/or retransmission of this data. As a general rule, a given subscription can be associated with only one account or user ID, although the sharing of that user ID between different devices (e.g., stand-alone PC, smart phone) is permitted as long as the user ID does not access multiple devices simultaneously.
Accordingly, clients seeking to simultaneously operate both live and paper trading account TWS sessions must do so on the same device in order to share a given market data subscription. If concurrent logins on different devices are detected, the live account session will be afforded the real-time market data subscriptions and the paper trading account session delayed data, as available.

Reply With Quote
The following 2 users say Thank You to TraderSU for this post:
 
  #8 (permalink)
Elite Member
NC, USA
 
Futures Experience: None
Platform: None Yet
Favorite Futures: Guitar
 
MrYou's Avatar
 
Posts: 403 since Jun 2011
Thanks: 618 given, 193 received

I'm not an IB customer yet, but can someone clarify this for me...

I was planning on using NT on one (remote or local) machine connected to IB and using a mobile device or another (local) machine to monitor trading activity and performance via IBs mobile app or TWS.

Is this possible?

Reply With Quote
 
  #9 (permalink)
Elite Member
Prague, Czech Republic
 
Futures Experience: Advanced
Platform: AgenaTrader, Track'nTrade
Broker/Data: DeCarley/OEC, IBKR, IQFeed
Favorite Futures: futures, options
 
Posts: 180 since Sep 2010
Thanks: 66 given, 83 received

The new policy says, that you will receive delayed data in case your paper account is connected concurrently from another machine than your real live account. Allright.

The problem is, that I am getting delayed data (except for Forex) in my paper account even I am NOT connected to my real live account at all. WTF!???

Reply With Quote
 
  #10 (permalink)
Elite Member
New York
 
Futures Experience: Intermediate
Platform: NinjaTrader, Custom Platform
Broker/Data: IB
Favorite Futures: ES, YM, Currency Futures
 
Posts: 79 since May 2010
Thanks: 46 given, 68 received



MrYou View Post
I'm not an IB customer yet, but can someone clarify this for me...

I was planning on using NT on one (remote or local) machine connected to IB and using a mobile device or another (local) machine to monitor trading activity and performance via IBs mobile app or TWS.

Is this possible?

Nope - not without twisting our arms. This is exactly what I'm taking about... The feed will stop the minute you connect from other device...

Reply With Quote

Reply



futures io > > > > IB's new data-feed policy sucks

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
IQfeed vs IB data as data provider for Multicharts arjfca Reviews of Brokers and Data Feeds 21 January 16th, 2012 11:39 AM
IB with Ninja Trader and DTN IQ Feed? shortbleu NinjaTrader 7 June 6th, 2011 10:16 PM
IB => TradeStation 8 (Data Feed) willygan Reviews of Brokers and Data Feeds 2 March 27th, 2011 02:58 AM
CL data / contract changes > check NT7 merge policy meyer99 NinjaTrader 15 February 18th, 2011 08:08 AM
InteractiveBrokers IB data feed error with SB (sugar) meyer99 Reviews of Brokers and Data Feeds 23 November 27th, 2010 06:18 PM


All times are GMT -4. The time now is 05:22 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 2017-12-13 in 0.14 seconds with 19 queries on phoenix via your IP 54.92.194.75