Automated trading with Interactive Broker and ProRealTime – NOW AVAILABLE

Nicolas · Thu, 26 Jan 2023 12:01:35 +0000

Automated trading with ProOrder and IB is now possible for everyone! I am excited to announce that the long-awaited feature of automated trading on the Futures market is finally here! Our favorite trading software now allows users to fully automate their strategies, making it easier than ever to take advantage of market opportunities and manage their risk. With this feature, users can now set up their trading strategies, including entry and exit points, stop-losses, and profit targets, and then let the software execute trades on their behalf on the Futures market. I believe that this new feature will be a game-changer for many of our users and I am excited to see how it can help them achieve their trading goals. If you have any questions or feedback, please don’t hesitate to ask questions in this dedicated topic to automated trading with Interactive Broker.. What is automated trading with ProOrder? ProOrder is an automated trading feature offered by ProRealTime. With ProOrder, users can create and execute trading strategies based on their own technical analysis and codes built especially to be used with ProRealTime. These strategies can include rules for entry and exit points, stop-losses, and profit targets. ProOrder also allows users to backtest their strategies using historical market data and optimize their parameters for better performance. Once a strategy is set up, ProOrder can automatically execute trades on the user’s behalf, allowing for more efficient and consistent trading. This can be useful for traders who wish to take advantage of market opportunities without having to constantly monitor the markets. Where to find automated strategies for ProOrder? There are many free codes available on ProRealCode forums (ProOrder sections) and in the Library. There are also paid strategies that can be purchased on the ProRealCode marketplace. What is Interactive Broker and why is it different from the current automated trading feature available? Interactive Brokers (IB) is an online brokerage firm that provides trading and investment services to individuals and institutional clients. The company was founded in 1978. Bascially, it is a broker that provide trading on Futures market and therefore uses different fees and margin requirement. The main pros are: Pros of Futures: Lower margin requirements Regulated by futures exchanges Standardized contracts What instrument can be traded automatically with ProOrder with Interactive Broker? Currently, as 9 October 2023, the available instruments and their costs per contract are listed below: M2K Micro-Mini Russel 5$/point Margin ~850€ Cost 0.62$/contract MES Micro-Mini ES (S&P500) 5$/point Margin ~1500€ Cost 0.62$/contract MNQ Micro-Mini NQ (NASDAQ100) 2$/point Margin ~2000€ Cost 0.62$/contract MYM Micro-Mini DJ (DOWJONES30) 0.5$/point Margin ~1000€ Cost 0.62$/contract DXS Micro-Dax (DAX40) 1€/point Margin ~1500€ Cost 0.38€/contract + cancellation fee SXE Micro-ESTOXX50 (EUROSTOX50) 1€/point Margin ~400€ Cost 0.34€/contract + cancellation fee All Forex pairs: Maximum 200k / Spot Gold & Silver: Maximum 80k Margin ~€1500-2000 Cost min $2/order DAX DAX40 25€/point DXM Mini DAX 5€/point NQ Mini NASDAQ100 20€/point ES Mini S&P500 50€/point RTY Mini Russell 50€/point YM Mini DJ30 5€/point ESTX ESTOXX50 10€/point FCE CAC40 10€/point BUND Euro Bund 10€/point EURUSD, EEURUSD, MEURUSD, NG (updated on 09 October 2023) Where can I open a new trading account that allow automated trading with IB? You can start by browsing the below page and fill the forms: https://trading.prorealtime.com/en/InteractiveBrokers Current limitations and differences with ProOrder on CFD: _ no trailing stop instruction (currently being developed in order to act the same on any different broker using ProOrder) – It means that: ** SET STOP TRAILING is not possible ** _ ProOrder codes are stopped on rollover of Futures contract – It means that: On each rollover of contract the strategy must be re-started. Be aware that these are temporary and will be modified for better ease in the next upcoming weeks. Want to know more? Questions and feedbacks are welcome below 🙂

This topic has 132 replies, 29 voices, and was last updated 1 week ago by dgoullet.

Tagged: futures, IB, interactive broker, proorder

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06/28/2024 at 11:21 AM #234483

Morpheous

Hi, I have heard there maybe some compatibility issues between IG and IB scripts, can you elaborate, sorry if you’ve already answered this question, I don’t find this forum very easy to find things in

Morpheous
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06/29/2024 at 2:20 AM #234510

PeterSt

@Morpheous,

I will give you a perhaps unexpected twist on compatibility issues :

If you’d do all you can for covering broker outages (so to speak) then you’d see that you have say 40 issues covered for IG and 40 for IB. This is all about do’s and don’ts and what to expect from high volatility hours and PRT’s communication with the brokers and vise versa. Sadly, those 40+40 issues have a common denominator of only 5 or so. This means that when you’d have all running with IG, you can start all over for IB and cover for 35 new issues there.

New in the mix is the influence of ProRealTime herself, who bluntly applies new rules so your bloodily designed systems – especially to cover for issues, were all in vain.
Currently this is in order for PRT-IB, over which ProRealTime has more power than PRT-IG.

It is interesting to notice that – and it is only one example – AutoTrading with Forex is not allowed any more for PRT-IB. Ah, you did not notice ? … that is what I mean … that is interesting. It probably means that nobody is using it for real but it also means that nobody tells you.
Is that a compatibility issue with PRT-IG perhaps ? I thought it is !

It is full with these kind of issues. But they are in a very different realm than you expected. If you don’t run into them (like not using Fx for Autotrading) then all is fine. But how can you tell in advance if the rules are changed behind your back ?

PeterSt
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06/29/2024 at 9:44 AM #234517

Morpheous

I’ve received some conflicting information, does the IB integration support forex ? I’m currently in the process of opening an IB account

Morpheous
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06/30/2024 at 10:28 AM #234583

inverse

Nicolas wrote:

A long list of new instruments available with automatic trading:

Anything for APAC players Nicolas?

inverse
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06/30/2024 at 12:53 PM #234594

GraHal

Morpheous wrote:

IB integration support forex

Do you mean by integration … anything different than PRT used with broker IB.

If No, then @PeterSt states / is convinced that Forex trading with PRT has been withdrawn / stopped by IB.

If you ask IB then let us know what they say.

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Morpheous

GraHal
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06/30/2024 at 8:19 PM #234610

Morpheous

I will do.

Morpheous
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06/30/2024 at 8:25 PM #234611

JS

I know what they (IB) will say: you can trade forex with our FX -futures…

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JS
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07/01/2024 at 6:12 AM #234622
JS
@PeterSt

Here is my “inside” information:

What instrument can be traded automatically with ProOrder with Interactive Broker?

All Forex pairs: Maximum 200k / Spot Gold & Silver: Maximum 80k
Margin ~€1500-2000
Cost min $2/order

UPDATE: 27/03/2024

We have just authorized the following futures (Forex pairs) for auto trading at IB:

AUDUSDXXXX

GBPUSDXXXX

CHFUSDXXXX

CADUSDXXXX

NZDUSDXXXX

Are you sure you understood correctly that these were Futures contracts that you can now trade in automatic trading via ProOrder at IB? 🙂

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Morpheous
JS
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07/01/2024 at 12:01 PM #234639

Iván

Hi!
Here you have the list (updated 11-06-24)

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Meta Signals Pro, inverse, JS

Iván
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07/01/2024 at 2:50 PM #234652

Morpheous

Is that all? no USDJPY for example?

Morpheous
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04/30/2025 at 11:25 PM #246590

dgoullet

Hi, how is your trailing stop sent to IB? In my backtest I have a stop loss and a trailling stop activated, still trying to figure out how it is backtesting this combo. is that posible in live trading? I backtested with tick resolution I trade MNQ how realistic is the backtesting? thanks

dgoullet
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05/02/2025 at 7:51 AM #246677

Nicolas

The SET STOP TRAILING instruction is not yet compatible with IB account through ProOrder, even if that works in ProBacktest. In order to use a trailing stop in your strategy, use one of the soft coded solution you can find in forums.

Nicolas
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05/02/2025 at 3:59 PM #246702

dgoullet

Thank you Nicolas, so you are sure the backtesting is accurate? Because your trailing stop is like magic powder. In backtesting please explain what happens when my Stop Loss is at 20 points and my Trailing stop loss at 6 points. Because adding the S.L. made my % trades much higher and I have my doubts. Thanks

dgoullet
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Automated trading with Interactive Broker and ProRealTime – NOW AVAILABLE

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