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HELP!!! No more single click in booktrader with IB 906????
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HELP!!! No more single click in booktrader with IB 906????

  #1 (permalink)
Elite Member
The Netherlands
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: IB + AMP or Mirus (In progress)
Favorite Futures: FDAX, CL, GC, 6E, NQ, YM
 
Posts: 14 since Sep 2010
Thanks: 3 given, 3 received

HELP!!! No more single click in booktrader with IB 906????

No more single click in booktrader with IB 906????

Fellow traders,

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.

HELP ME PLEASE...

THANK YOU IN ADVANCE!!!

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  #2 (permalink)
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  #3 (permalink)
Market Wizard
New Orleans, La (Mardi Gras City)
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: Ninjatrader / Optimus Futures / AmpFutures
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EuroMark View Post
Fellow traders,

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
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Can anyone give my some advice solving this problem???
Or suggestion about good brokers they are using now.

HELP ME PLEASE...

THANK YOU IN ADVANCE!!!


I don't use IB's interface but it runs in the background and is activated by Ninjatrader.
No confirmation of orders is needed for 906 running under NT7.

Also, there is an alert that comes up when IB TWS starts that says you can disable the alert confirmation in the API section.

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  #4 (permalink)
Trading Apprentice
Calgary, AB
 
Futures Experience: Beginner
Platform: Ninja Trader, Quotetracker
Favorite Futures: CL
 
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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.

Cheers

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  #5 (permalink)
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I would second the motion for BracketTrader... low cost and effective..

Bracket Trader

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  #6 (permalink)
Elite Member
Tel Aviv
 
Futures Experience: Advanced
Platform: Thinkorswim
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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.

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  #7 (permalink)
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Paradise, USA
 
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Hello EuroMark,

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.

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  #8 (permalink)
Elite Member
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Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: IB + AMP or Mirus (In progress)
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Many thanks to all for the input

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?

EuroMark

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  #9 (permalink)
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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..


EuroMark View Post
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?

EuroMark


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  #10 (permalink)
Elite Member
The Netherlands
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: IB + AMP or Mirus (In progress)
Favorite Futures: FDAX, CL, GC, 6E, NQ, YM
 
Posts: 14 since Sep 2010
Thanks: 3 given, 3 received

Could you guide me trough the settings DavidHP



DavidHP View Post
I don't use IB's interface but it runs in the background and is activated by Ninjatrader.
No confirmation of orders is needed for 906 running under NT7.

Also, there is an alert that comes up when IB TWS starts that says you can disable the alert confirmation in the API section.

DavidHP,

Could you help me through this, cause I just changed everything but I my orders get stuck in pending tab of IB. As you see, I am no computer wizkid

Thank you for your time and effort

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