Too risky when using an auto trading tool. If I or the tool make a mistake with buy vs sell or number of 0s the losses can be large. This happened to me before using a margin account and there was a margin call.
Thanks. I am concerned about hiring an API programmer b/c I don't want to debug and in the past even using IB's platform I would enter in order mistakes e.g. typos and buy vs sell. Do you have advice on this? perhaps I try with paper trading?
Any suggestions on hiring the API programmer...
I am looking for a software solution that I don't need to program to handle the following.
IB only let you enter an order if the sum of that order plus all other open orders are less than the settled cash (cash account). I don't think this makes sense since I use limit orders and we don't know...