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Interactive Brokers Cheap but the Fills Suck
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Interactive Brokers Cheap but the Fills Suck

  #21 (permalink)
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mRoss21 View Post
Wrong... BracketTrader orders are held in TWS.

BracketTrader is a nice program. I've used them for the past couple of years.

I've heard good things about ButtonTrader but can't comment because I've never used them.

~Mike

Bracket Trader Community • View topic - Are the OCO orders pre-attached to the opening order?

From the programmer himself.


Quoting 
BT waits for a fill confirmation. The attached order works only if you have 1 target. It's hard to implement if you have multiple targets.


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  #22 (permalink)
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aviat72,

I've been using Bracket Trader for over 2 years and didn't realize there is no bracket until the order is filled. My orders are filled within seconds so it's never been an issue for me.

But... if you have a pending limit order, AND your computer crashes before your order is filled, you may have to pick up the phone. Oh well....

Still a nice program.

~Mike

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  #23 (permalink)
Just starting out...
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Interactive Brokers data Feed vs


Hey Guys,

If you are generating trades whether futuers like ES or Forex, be careful of the brokers you are using. Interactive Broker data feed and execution is horrible for auto-trading strategy, especially with Multicharts.

This is a screen capture for April 29, 2011. Take a look and you know what I mean.

Ibbroker2.jpg = show a low of 1354.25 on ESM1 - S & P E-MINI
optimus2.jpg = show a low of 1354.00 on ESM1 - S & P E-Mini

Think about it for a second, if you are using Optimus Futures to trades, you would exit at a $200+ profit, while Interactive Brokers will not exit and thus a lost instead of profit. Now this is just 1 days, what happens in a week/month/year. It's could add up to $$$.

So for all those auto-traders, using the correct data feed and execution system is very important. Stick with Optimus Futures, it has been solid for me using Multicharts.

Ron

Attached Thumbnails
Interactive Brokers Cheap but the Fills Suck-ibbroker2.jpg   Interactive Brokers Cheap but the Fills Suck-optimus2.jpg  
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  #24 (permalink)
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rontan View Post
Hey Guys,

If you are generating trades whether futuers like ES or Forex, be careful of the brokers you are using. Interactive Broker data feed and execution is horrible for auto-trading strategy, especially with Multicharts.

This is a screen capture for April 29, 2011. Take a look and you know what I mean.

Ibbroker2.jpg = show a low of 1354.25 on ESM1 - S & P E-MINI
optimus2.jpg = show a low of 1354.00 on ESM1 - S & P E-Mini

Think about it for a second, if you are using Optimus Futures to trades, you would exit at a $200+ profit, while Interactive Brokers will not exit and thus a lost instead of profit. Now this is just 1 days, what happens in a week/month/year. It's could add up to $$$.

So for all those auto-traders, using the correct data feed and execution system is very important. Stick with Optimus Futures, it has been solid for me using Multicharts.

Ron

The chart shows the datafeed. This has nothing to do with execution (exception FOREX). I will try to explain the difference.

The datafeed is generated by the exchange, from where it goes to a data vendor or a broker. The data vendor or your broker will then transmit the information to you. The information flows from the exchange to you.

The order execution, however, is an information flow which starts at your PC. If you transmit a limit order to the broker, the broker will pass on this limit order to the exchange, so it should reside on the exchange. Of course this depends on the order type. Some order types are simulated locally by your software, other order types are simulated by your broker and finally some order types are directly admitted by the exchange. So it is all about, where your order resides and how fast it is transmitted from that place to the exchange.

This is not linked to the datafeed, as the data feed does not use the same circuit.

Please enquire where the order types that you use are actually held.

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  #25 (permalink)
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It is a backtesting issue if your historical data are not consistent they will alter your results.

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  #26 (permalink)
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This is an example, due to filtering of IB tick data how a lost in realtime was turned into a profit in backtest.

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  #27 (permalink)
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rontan View Post
Hey Guys,

If you are generating trades whether futuers like ES or Forex, be careful of the brokers you are using. Interactive Broker data feed and execution is horrible for auto-trading strategy, especially with Multicharts.

This is a screen capture for April 29, 2011. Take a look and you know what I mean.

Ibbroker2.jpg = show a low of 1354.25 on ESM1 - S & P E-MINI
optimus2.jpg = show a low of 1354.00 on ESM1 - S & P E-Mini

Think about it for a second, if you are using Optimus Futures to trades, you would exit at a $200+ profit, while Interactive Brokers will not exit and thus a lost instead of profit. Now this is just 1 days, what happens in a week/month/year. It's could add up to $$$.

So for all those auto-traders, using the correct data feed and execution system is very important. Stick with Optimus Futures, it has been solid for me using Multicharts.

Ron

Just checked ES 06-11. But loading a chart after the fact means that historical data is shown and not real-time data. The low is correctly shown as 1354.00

Chart attached.

Attached Thumbnails
Interactive Brokers Cheap but the Fills Suck-es-06-11-8-min-29_04_2011.jpg  

Last edited by Fat Tails; April 29th, 2011 at 01:52 PM.
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  #28 (permalink)
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redratsal View Post
This is an example, due to filtering of IB tick data how a lost in realtime was turned into a profit in backtest.

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Usually you use historical tick data for back testing. IB does not offer any historical tick data. So how could you do a backtest without data?

Or do you run your PC 24/24 to collect the condensed real-time ticks of Interactive Brokers and save the as historical? If you do this you deserve the false results.

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  #29 (permalink)
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Hey, I will give a heads up for buttontrader. That is just one piece of awesome software for IB datafeed only!!!

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  #30 (permalink)
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MetalTrade View Post
Hey, I will give a heads up for buttontrader. That is just one piece of awesome software for IB datafeed only!!!

I have tested ButtonTrader about 2 years ago and it worked very well. However, it has so many options and features that I got confused. I guess that I am too simple-minded for using it.

But again, when I tested it, ButtonTrader never failed.

I have also tested ZeroLine Trader, but had some problems with false executions.

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