If IB is Your Live Broker & You Paper Trade with Them... - Reviews of Brokers and Data Feeds | futures io social day trading
futures io futures trading


If IB is Your Live Broker & You Paper Trade with Them...
Updated: Views / Replies:4,070 / 11
Created: by Gedman 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
 

If IB is Your Live Broker & You Paper Trade with Them...

  #1 (permalink)
Elite Member
Seattle, Washington
 
Futures Experience: Intermediate
Platform: Sierra Chart/SC Data
Broker/Data: Interactive Brokers
Favorite Futures: NQ
 
Gedman's Avatar
 
Posts: 48 since Jan 2012
Thanks: 23 given, 19 received

If IB is Your Live Broker & You Paper Trade with Them...

With regard to day trading stocks (in trades where speed and quality of fill matter), in what respects, if any, do you notice a difference between your live account fills with IB and your paper trading account fills?

Thanks much,
Ged

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)
Trading Apprentice
Dana Point
 
Futures Experience: Advanced
Platform: ensign, IB
Broker/Data: IB, Lightspeed
Favorite Futures: stocks
 
mRoss21's Avatar
 
Posts: 35 since Nov 2009
Thanks: 11 given, 16 received


Hi Ged,

I day-trade stocks live with IB. When I switched from Lightspeed to IB I did use IB's demo to get used to the platform. As I remember, IB's demo worked exactly the same as the live account.

But there's no way to tell if the fills are the same. When a limit order is filled in the demo, who's to say if it would have been filled in your live account. As you probably know, slippage is a factor when day-trading stocks. So when a market order is filled in the demo you don't know if there would have been slippage in the live account.

~Mike

Reply With Quote
The following user says Thank You to mRoss21 for this post:
 
  #4 (permalink)
Elite Member
Seattle, Washington
 
Futures Experience: Intermediate
Platform: Sierra Chart/SC Data
Broker/Data: Interactive Brokers
Favorite Futures: NQ
 
Gedman's Avatar
 
Posts: 48 since Jan 2012
Thanks: 23 given, 19 received

Thank you mRoss, I appreciate the information.

I'm working toward putting a new trading setup together (new broker, new charting platform, 3rd party data feed), amd I'm endeavoring to pull some preliminary information together that may be helpful as I seek out the right combination.

Thanks again,
Ged

Reply With Quote
 
  #5 (permalink)
Elite Member
Pismo Beach CA
 
Futures Experience: Intermediate
Platform: TOS, IB, Fidelity for 'swing' trades
Favorite Futures: ES, NQ, IBB, IWM, NG
 
heywally's Avatar
 
Posts: 160 since Apr 2010
Thanks: 80 given, 89 received

I have some concerns about the liberal margin rates and 4:1 24X7 equities leverage at IB but I have never had a problem with the fills, with any product and I've been trading futures and equities there for 10 years or so. On the equities side, I also like that they have trading available in the pre-market at 4AM EST.

I am not a scalper -- usually -- but ... the fills seem near instantaneous to me. If you are doing many day trades, the Buttontrader trading interface to IB might be something to look into also, though it uses the IB data feed. IB's TWS is kind of 'odd' though they do have their version of a DOM, which I don't like.

"The Future Ain't what it used to be"

Last edited by heywally; February 11th, 2012 at 09:34 AM.
Reply With Quote
 
  #6 (permalink)
Elite Member
Seattle, Washington
 
Futures Experience: Intermediate
Platform: Sierra Chart/SC Data
Broker/Data: Interactive Brokers
Favorite Futures: NQ
 
Gedman's Avatar
 
Posts: 48 since Jan 2012
Thanks: 23 given, 19 received

Hey Wally, thanks very much for the input.

I've heard very good things about IB's fills. It's that and their commission structure which appeal to me. Accounts are insured up to $250K, and additional insurance, if needed, is available through Lloyd's of London, which helps on the risk side.

Best,
Ged

Reply With Quote
 
  #7 (permalink)
Elite Member
Pismo Beach CA
 
Futures Experience: Intermediate
Platform: TOS, IB, Fidelity for 'swing' trades
Favorite Futures: ES, NQ, IBB, IWM, NG
 
heywally's Avatar
 
Posts: 160 since Apr 2010
Thanks: 80 given, 89 received


Gedman View Post
Hey Wally, thanks very much for the input.

I've heard very good things about IB's fills. It's that and their commission structure which appeal to me. Accounts are insured up to $250K, and additional insurance, if needed, is available through Lloyd's of London, which helps on the risk side.

Best,
Ged

Yes, they are well insured -- but well insured doesn't mean a lot in a really bad situation -- and most likely, my paranoia re their financial position and the amount of risk they allow is unfounded. But the company itself has always seemed kind of 'mysterious' to me and a lot of big traders with big volume and leverage -- though they don't have crazy day leverage on the futures, like some brokers do -- reside in their house and valid or no, that concerns me a bit.

But, I've never had a problem wiring funds out and the wires are free so that is good. They also happen very fast.

I always keep the symbols for the brokerages I use in my watch list so I can get wind of anything odd going on, maybe. If IB ever did have an issue, anything other than an MF Global overnight thing, you could wire funds out of there pretty quickly, unless it was an IRA. Anyway, I digressed from your topic ....

Yes, fills, uptime, product offerings, lack of exchange fees for the standard exchanges, commissions, are all excellent. And for the 'scalpy' smaller position scale-in to equities/ETF's approach I use for part of my trading, you can not beat a $1 commission for up to 200 shares in an IRA account. Anyway .... good luck.

"The Future Ain't what it used to be"
Reply With Quote
 
  #8 (permalink)
Elite Member
Seattle, Washington
 
Futures Experience: Intermediate
Platform: Sierra Chart/SC Data
Broker/Data: Interactive Brokers
Favorite Futures: NQ
 
Gedman's Avatar
 
Posts: 48 since Jan 2012
Thanks: 23 given, 19 received


heywally View Post
I always keep the symbols for the brokerages I use in my watch list so I can get wind of anything odd going on, maybe. If IB ever did have an issue, anything other than an MF Global overnight thing, you could wire funds out of there pretty quickly, unless it was an IRA. Anyway, I digressed from your topic ....

Keeping your broker on your watch list seems prudent to me. I've never done it, but I think I will start doing so.

I also agree that it is not difficult to imagine scenarios in which 'insurance' (of most any kind) is not going to be helpful. In the event of a major collapse, a lot of insurance companies will be collapsing as well.

As for your digressing from the topic, I'm old school and consider digression one of life's simple pleasures, kind of like chocolate.

Best,
Ged

Reply With Quote
 
  #9 (permalink)
Elite Member
Stuttgart
 
Futures Experience: Advanced
Platform: NinjaTrader
Favorite Futures: Futures
 
Posts: 2 since Jul 2011
Thanks: 0 given, 1 received

Please excuse my English I'm from Germany and my English is very rusty.
I have a connection issue using IB for day trading which affects the real time order execution with IB. You will probably only recognize it as a discrepancy in your personal order price tracking and the order price under which it is executed through IB. I created a support ticket at IB which is under work but no solution in sight. If it is not solved I will quit IB.
My Environment:
I use NinjaTrader's API to generate orders from NT DOM or chart trader in IB Trader Workstation. I have DTN IQFeed for the chart real time. I have strategies running for automated trading.
The issue:
I wondered that orders I placed in NT occasionally where not executed in IB or why the prices at which the order where executed at IB differ so much from the trade log in NT.. When I checked the log files in NT and IB I found periodically "connection loss and re-connect due to socket errors with the IB data gateway servers" entries in the IB TWS logfile.

After help through the NT support and installation of the new TWS version through the NT support guys the issue could not been solved.

I opened a ticket at IB 4 weeks ago. IB Support gave me a link to an non-public TWS version. The disconnection issues disappeared. So this is an software issue from IB. You will perhaps will not recognize it - it depends on the way you trade - because its symptom is an increases in the latency of the order execution time to 40 - 180 seconds. If the TWS Software detects that connection loss it tries to reconnect which most of the time is succesfult. But when you wonder why your profit is less than expected or your loss greater than expected check the TWS logfiles for those connection errors and you have the reason.
Btw. this is not an internet connection issue (IB confirmed that). My IQFeed connection is stable and fast you cannot not wish to have a better connection.
If somebody wants to have a copy of the conversation with the IB support or a copy of the TWS logiles I'm more than happy to send or publish it.

Manfred

Reply With Quote
The following user says Thank You to onehd1911 for this post:
 
  #10 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 4,130 since Feb 2012
Thanks: 3,791 given, 7,661 received
Forum Reputation: Legendary

IB disconnect workaround


Hi Manfred

The mentioned IB disconnects are quite normal - I use the Booktrader to see the actual prices with 2nd level.
From time to time a disconnect for some seconds up to a minute are to be seen. This might happen with other brokers too.
As long as your orders are sitting in NT to be sent to IB on a signal - the order will be executed AFTER the reconnect
has taken place. To avoid this is to send the order to IB (if possible) in advance to avoid that connection problem.
This is easy with SL order but not for doers triggered by a signal.

Two things are important to consider here:
1) As long as your order sits with IB - this order is public.. thus more exposed
2) The daily (every 24h) shutdown process with IB interferes with an automated system too - to avoid problems there
I restart TWS before my trading session begins - this helps to not being shut down inadvertently.

Hope this helps.

GFIs1

PS: you can pm in german.. ;-)

Reply With Quote
The following user says Thank You to GFIs1 for this post:

Reply



futures io > > > > If IB is Your Live Broker & You Paper Trade with Them...

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
Trade 2 Live (www.trade2live.com) review gg80108 Trading Reviews and Vendors 20 December 23rd, 2015 03:47 PM
How to actually flatten IB paper account to base currency bnichols Platforms and Indicators 8 November 9th, 2011 11:41 AM
IB (Interactive Broker) account management arjfca EasyLanguage Programming 2 October 26th, 2010 10:20 AM
IB and trade mangement eloso Reviews of Brokers and Data Feeds 3 July 10th, 2010 05:55 AM


All times are GMT -4. The time now is 07:42 PM.

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 2017-12-17 in 0.15 seconds with 19 queries on phoenix via your IP 54.163.209.109