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Trading Interactive Brokers TWS with Ninja Trader DOM
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Trading Interactive Brokers TWS with Ninja Trader DOM

  #1 (permalink)
Elite Member
san diego
 
Futures Experience: Intermediate
Platform: FXCM MarketScope, NT, Interactive brokers, AMP
Broker/Data: FXCM, Interactive Brokers
Favorite Futures: FOREX, IWM, SPY, XLE, NQ
 
Posts: 219 since Apr 2010
Thanks: 70 given, 122 received

Trading Interactive Brokers TWS with Ninja Trader DOM

I am currently day trading SPY and IWM using the Interactive Brokers TWS and Ninja Trader. I use the free Ninja Trader to run the charts and I actually enter the trades on the TWS booktrader. The advantage of this is that it is low cost and it works. I haven't found the TWS data to be any problem.

However, I am interested in getting a live Ninja License in order to use the ATM. The booktrader Trailing stop is pretty primitive and doesn't have the abilities of the NinjaTrader ATM. On simulation, I have found the ATM effective. One downside of trading NinjaTrader is that they only offer the dynamic DOM for stocks, whereas the BookTrader offers a static DOM view.

My questions are for traders who have actually traded live with NinjaTrader on TWS. How does the ATM work on the TWS? Are there any glitches? I would also like to trade with the full system open (not the gateway). I have found the connection to be a simple process with the full system open and don't want to use the gateway. Can I do this? For example could I use Booktrader on trades as a backup if i choose? When you enter trades in NinjaTrader does it also show up on the TWS Trade Log? How do you verify that the trades are actually going through the TWS? Do you find the ATM worth the extra cost?

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  #2 (permalink)
Elite Member
Exeter, UK
 
Futures Experience: Intermediate
Platform: CQG QTrader + NT7
Broker/Data: CQG
Favorite Futures: Futures
 
hlatham's Avatar
 
Posts: 53 since Sep 2013
Thanks: 20 given, 22 received

I used the Ninja/IB combo for a while and it worked well with no glitches. The orders show up on TWS just fine and you can still place orders on TWS.

The cost of NT is negligible and I prefer their charts to those on TWS so worth it in my opinion.

PS: The only problem is that you need to have TWS open at the same time as NT to place orders. Not a major issue but just adds to the number of applications open.

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  #3 (permalink)
Elite Member
New York, NY
 
Futures Experience: Advanced
Platform: OptionVue
Broker/Data: IB
Favorite Futures: RUT, SPX options
 
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Posts: 157 since Apr 2010
Thanks: 64 given, 144 received


If you are happy with your current setup but want something better than BookTrader then you can use a front end like Bracket Trader

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  #4 (permalink)
Elite Member
Denver, CO
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: NinjaTrader Brokerage
Favorite Futures: ES
 
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Posts: 1,260 since May 2010
Thanks: 153 given, 1,890 received


jodistrict View Post
I am currently day trading SPY and IWM using the Interactive Brokers TWS and Ninja Trader. I use the free Ninja Trader to run the charts and I actually enter the trades on the TWS booktrader. The advantage of this is that it is low cost and it works. I haven't found the TWS data to be any problem.

However, I am interested in getting a live Ninja License in order to use the ATM. The booktrader Trailing stop is pretty primitive and doesn't have the abilities of the NinjaTrader ATM. On simulation, I have found the ATM effective. One downside of trading NinjaTrader is that they only offer the dynamic DOM for stocks, whereas the BookTrader offers a static DOM view.

My questions are for traders who have actually traded live with NinjaTrader on TWS. How does the ATM work on the TWS? Are there any glitches? I would also like to trade with the full system open (not the gateway). I have found the connection to be a simple process with the full system open and don't want to use the gateway. Can I do this? For example could I use Booktrader on trades as a backup if i choose? When you enter trades in NinjaTrader does it also show up on the TWS Trade Log? How do you verify that the trades are actually going through the TWS? Do you find the ATM worth the extra cost?

Interactive Brokers was the 1st brokerage that NinjaTrader integrated to in July of 2003. We have thousands of users running this combination so it is battle tested. Any orders you submit through NinjaTrader will show up immediately in TWS and BookTrader for use as backup.

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