HELP!!! No more single click in booktrader with IB 906????
No more single click in booktrader with IB 906????
This evening when I was wrapping up my trading day I got a popup telling me: "as of december I will have to upgrade my TWS version to 906"
Now I am using 904 and the reason I use this older version of TWS (TraderWorkStation from Interactive Brokers) is that I can summit orders in the booktrader (= Superdom of NT) by a single click.
With the new version 906 you will have to confirm your order with every single click in the booktrader. Since I scalp the future markets I will loose precious seconds
Can anyone give my some advice solving this problem???
Or suggestion about good brokers they are using now.
I've been using Zeroline Trader as an order interface for IB. I like it and it has quite a few features for a reasonable price. (if I remember right, $40 for 3 months, or $120 for 1 year) They have a 30 day free trial if you want to test it out.
There are a few other front ends for IB as well such as Button Trader and Bracket Trader.
I think that the 1 click ordering disappeared from IB as much as it is going to disappear from any other platform. A company by the name of Trading Technologies (TT) is effectively suing the whole trading world and "its sister" for patent infringement on this and other grounds and they are also collecting big bucks in doing so. I dont think there is any workaround to this.
I'm just a beginner and you're an advance trader so please don't misunderstand that I'm telling you what to do. I'm just contributing with my own 2 cents. I use I.B. and the Book Trader feature. Currently I'm simulating my trades, but when I live trade the fills are fairly good and within reasonable entry.
I too was shocked at the change I.B. did with Book Trader, but I adjusted...it was an "extra one click, a split second if you will."
I'm assuming that you're a day trader using a minute or a second chart and placing market orders, if that's the case, here's what my observation is...that the extra split second can actually be to your advantage in getting filled.
I'm assuming, once again, that most day traders using market orders use their favorite indicator or a candle move to trigger their entry. If it's the latter, you'll find that the candle that made you buy will fill your order above that candle pop, (the brokers need to get paid).
Now that I.B. has added an "extra" confirmation box prior to execution of order, I notice that that split second delay is enough for that candle pop to pull back a little and give me 1/4-1/2 point fill better than without the "extra" confirmation box.
Try it on a sim and see if it holds true for you ...
And on a strong move, it really won't matter, because you'll get a crappy fill in either case, but you'll be profitable.
"Faith is the substance of things hoped for, the evidence of things not seen." --- "Therefore, I Believe it and I will see it. And every day and in every way, I am healthier, wealthier, and wiser."
First of all I would like to thank all of you for the input.
It looks like I will have to change to NT7, like it or not. Since I am not fond of changes I hope this one will be for the better. We all have to move forward don't we?
dont do it just yet... try BracketTrader... or eve look at ButtonTrader... NT7 is still a mistake... and if you used booktrader... brackettrader will give you the same or better functionality than you had before... and cheaper than NT7..