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How to change First In First Out in Interactive Broker?
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How to change First In First Out in Interactive Broker?

  #1 (permalink)
Market Wizard
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IB
Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,789 since Mar 2013
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How to change First In First Out in Interactive Broker?

Is it possible to change FIFO on futures? If yes, how can we do it. My account is opened in US. Appreciate any help.

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  #2 (permalink)
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  #3 (permalink)
Site Administrator
Manta, Ecuador
 
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bmtrading9 View Post
Is it possible to change FIFO on futures? If yes, how can we do it. My account is opened in US. Appreciate any help.

Are you talking about TWS or TOS? Your profile says TOS.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

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  #4 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
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Posts: 2,059 since Sep 2010
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bmtrading9 View Post
Is it possible to change FIFO on futures? If yes, how can we do it. My account is opened in US. Appreciate any help.

yes you can. There are special offsets that could be arranged for trading, like FILO.

Please PM or email me for further discussion.

Matt
Optimus Futures

There is a risk of loss in futures trading. past performance is not indicative of future results.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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  #5 (permalink)
Market Wizard
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IB
Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,789 since Mar 2013
Thanks: 2,909 given, 2,011 received
Forum Reputation: Legendary


Big Mike View Post
Are you talking about TWS or TOS? Your profile says TOS.

Mike

I use TOS for charting purpose only. I have account with IB which always is FIFO (atleast that's what I see on TWS/mobile TWS), what I am interested is when we have scaled in two contracts at different prices can we do last in first out instead of FIFO?


Thanks for the help...

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  #6 (permalink)
Market Wizard
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IB
Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,789 since Mar 2013
Thanks: 2,909 given, 2,011 received
Forum Reputation: Legendary


mattz View Post
yes you can. There are special offsets that could be arranged for trading, like FILO.

Please PM or email me for further discussion.

Matt
Optimus Futures

There is a risk of loss in futures trading. past performance is not indicative of future results.

Thanks, I am interested in IB not with any other broker.

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  #7 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
mattz's Avatar
 
Posts: 2,059 since Sep 2010
Thanks: 1,932 given, 2,781 received
Forum Reputation: Legendary


bmtrading9 View Post
Thanks, I am interested in IB not with any other broker.

I do not recall saying that my advice is conditional upon moving to Optimus.
Changing accounting procedures could be very unique to each scenario, so I wanted to shorten your research.
Anyway, best of luck.
Matt
OptimusFutures

There is a risk of loss in futures futures. Past performance is not indicative of future results.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
Reply With Quote
 
  #8 (permalink)
Market Wizard
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IB
Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,789 since Mar 2013
Thanks: 2,909 given, 2,011 received
Forum Reputation: Legendary


mattz View Post
I do not recall saying that my advice is conditional upon moving to Optimus.
Changing accounting procedures could be very unique to each scenario, so I wanted to shorten your research.
Anyway, best of luck.
Matt
OptimusFutures

There is a risk of loss in futures futures. Past performance is not indicative of future results.

Sorry, I didn't mean that way...Yes, I am interested as far I remember my accounting method is set to cash (i.e trader status), I will send a pm.

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  #9 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,214 received

Tax basis with IB:

http://ibkb.interactivebrokers.com/node/873

I thought it would be controlled via TWS but looks like it's on their customer portal.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
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