Advise for trading options with a IB api? - Options on Futures | futures io social day trading
futures io futures trading


Advise for trading options with a IB api?
Updated: Views / Replies:2,881 / 13
Created: by deachne 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
 

Advise for trading options with a IB api?

  #1 (permalink)
Elite Member
Goodlands
 
Futures Experience: Intermediate
Platform: NT 7
Favorite Futures: oil
 
Posts: 4 since Oct 2011
Thanks: 11 given, 1 received

Advise for trading options with a IB api?

I am from Canada and use IB as my broker because they are cheap.
Trade futures now as a hobby and am fairly successful using price action.
Want to get more into options for time reasons and wondered if anyone new of an options api for IB.
I like IB for its diversity and cost but find it a bit confusing. Thought there may be a company out there that offers options trading using a simpler platform integrated with IB.

Reply With Quote
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (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: 3,574 given, 3,983 received


I don't like TWS that much myself, but for options I think it's doing a pretty decent job.
Options are more complex than other instruments, using a "simple" trading platform for options may hide some of options specific aspects, so that's maybe not a good idea anyway.

Success requires no deodorant! (Sun Tzu)
Reply With Quote
 
  #4 (permalink)
Elite Member
New York, NY
 
Futures Experience: Advanced
Platform: OptionVue
Broker/Data: IB
Favorite Futures: RUT, SPX options
 
Bookworm's Avatar
 
Posts: 157 since Apr 2010
Thanks: 64 given, 144 received

Have you looked at the recorded webinars on using the various components of TWS including OptionTrader?

Reply With Quote
 
  #5 (permalink)
Elite Member
Dallas, TX
 
Futures Experience: Advanced
Platform: T4, Zaner360, TOS
Broker/Data: DeCarley Trading
Favorite Futures: Options
 
Posts: 104 since Sep 2013
Thanks: 133 given, 50 received


deachne View Post
I am from Canada and use IB as my broker because they are cheap.
Trade futures now as a hobby and am fairly successful using price action.
Want to get more into options for time reasons and wondered if anyone new of an options api for IB.
I like IB for its diversity and cost but find it a bit confusing. Thought there may be a company out there that offers options trading using a simpler platform integrated with IB.

OptionVue (optionvue.com) can use the IB data feed as its data source, but any 3rd party Option platform will have some limitations because IB limits you to 100 symbols at one time. So when you open up a couple option chains, you can easily exceed that number. I believe you can request more symbols from IB (at a higher cost?), but I haven't done it myself.

If you tell us what specifically you want your simple option platform to do (other than interface with IB), we might be able to steer you toward something.

Reply With Quote
 
  #6 (permalink)
Elite Member
Bangkok
 
Futures Experience: Beginner
Platform: NT
Broker/Data: IB/IB,Mirus Futures/Zen-Fire, AMP/CQG
Favorite Futures: CL,YM, TF
 
Posts: 127 since Feb 2013
Thanks: 23 given, 49 received


Bookworm View Post
Have you looked at the recorded webinars on using the various components of TWS including OptionTrader?

I am also looking into trading options with IB--I downloaded the 2 latest webinars-- Have not watched them yet but I hope they are useful.

Reply With Quote
 
  #7 (permalink)
Elite Member
Goodlands
 
Futures Experience: Intermediate
Platform: NT 7
Favorite Futures: oil
 
Posts: 4 since Oct 2011
Thanks: 11 given, 1 received

mu2pilot

Thanks for the reply.

I will check out vue

Reply With Quote
 
  #8 (permalink)
Elite Member
Goodlands
 
Futures Experience: Intermediate
Platform: NT 7
Favorite Futures: oil
 
Posts: 4 since Oct 2011
Thanks: 11 given, 1 received

I got thinking about an api for options with IB when I was looking at 1option site.
He has a new program to trade options use IB.

Has anyone tried his service?

Reply With Quote
 
  #9 (permalink)
Elite Member
Bangkok
 
Futures Experience: Beginner
Platform: NT
Broker/Data: IB/IB,Mirus Futures/Zen-Fire, AMP/CQG
Favorite Futures: CL,YM, TF
 
Posts: 127 since Feb 2013
Thanks: 23 given, 49 received


deachne View Post
I got thinking about an api for options with IB when I was looking at 1option site.
He has a new program to trade options use IB.

Has anyone tried his service?

I checked out the site but did not see anything about a trading platform.

Reply With Quote
 
  #10 (permalink)
Trading Apprentice
South America
 
Futures Experience: Advanced
Platform: Excel (VBA), brokers
Favorite Futures: Options
 
Posts: 3 since Mar 2014
Thanks: 3 given, 0 received


I use IB, but I am not happy with their platform, so I opened an account with TradeStation.

TradeStation has lower commissions, if you trade more contracts. IB has very unclear commissions, so the size of the commission is actually always surprise. You never know. They are hiding behind market fees.

Also their naked options margins are nonsense. They obviously want you to trade spreads, because they can get double commission on spread, then on naked put/call.

TradeStation has better platform, it's much faster.

I made two tests with TradeStation and Interactive Brokers:

I tried to open Call spread with Interactive Brokers and TradeStation in the same time. I always manually changed the limit price for one dolar less and waited a bit, and again and again.

First test was OK - both brokers realized the trade for the same price.

But I was very unhappy from the result of the second test: Interactive Brokers realized the trade for price 2 USD worse!

I am not sure if they are playing game with my orders, because that would be very bad, so maybe it's just the "speciality" of their platform and network - it just doesn't work as it should. I don't know.

TradeStation is much faster. I change the limit price and the trade is realized in a second. With Interactive Brokers, I change the limit price and I have to wait 20 seconds to see if the trade will be realized or not. Or even worse: it's not relized, but with other broker it is, for the same price!

So, I will completely switch to another broker, probably TradeStation.

I think that the best platform for options is ThinkOrSwim, but I can't open account with them, because I am not from the US.

Reply With Quote

Reply



futures io > > > > Advise for trading options with a IB api?

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
Language choice for IB API allthewayne The Elite Circle 11 January 31st, 2015 07:07 AM
IB TWS and NT Won't Connect Via API (Solved) bnichols NinjaTrader 8 May 20th, 2014 01:17 AM
IB API to slow aczk Reviews of Brokers and Data Feeds 5 December 6th, 2013 10:45 PM
best advise i ever got for trading ohiok5 Beginners and Introductions 11 November 30th, 2012 08:59 PM
IQFeed API better options?? need lots of symbols simultanous izamu Reviews of Brokers and Data Feeds 4 May 31st, 2011 01:25 PM


All times are GMT -4. The time now is 03:15 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 2017-12-18 in 0.13 seconds with 37 queries on phoenix via your IP 54.163.209.109