Recent content by tedace

Thank you for your replies! I couldn't figure it out but I think the best solution for me is to abandon IDEALRPO altogether for ForEx trading of currency crosses (by CROSS, I mean those that are not paired with the USD). From my analysis, it looks like all crosses , once ordered, is pre-split by...

Can anyone confirm if IB IdealPro splits a cross-currency order to its major-currency components BEFORE sending the order out to the liquidity providers? For example, is EUR/CHF split as EUR/USD and USD/CHF before routing for execution, such that the Interbank network only sees 2 separate...

BTW, IBj, I hope you do know that you are not using the term 'base' currency in ForEx parlance. In fact, TWS has mixed up the use of these terms as they are used in the industry. A ForEx pair is made up of: base currency/quote currrency Your account currency is usually referred to as...

Thanks wwx. Wow, I have to change my API code to do this --- just to close an IDEALPRO trade to take care of the bits and pieces left over. I wish there were a simple close position that converted everything back to the home (account) currency (especially for crosses), and just had the option to...

Hi IBj, Thank you for the quick response. I did try closing via normal trade methods (my account is in USD), but doing this leaves some JPY when the price has moved. For example, if I go long on the GBP/JPY pair and then sell it back, the GBP will be exact but the JPY will have moved rates...

I have been reading this thread and found it very informative. Quick question: Is there a way of closing an open IDEALPRO cross-currency position in one command? For example, I have a GBP/JPY position and want to close it. Is there a way of closing the position with one command or is it...

I'd like to follow-up by clarifying the question with an example: On a USD account, I'd like to buy 17500 GBP/JPY at the ask of 207.27. I compute the margin as follows (as indicated in the website): On the Cross, I am buying GBP: GBP: 17500 x 1.8642 USD/GBP = 32623.5USD, then x .02...

I would just like to verify if I understood the IB web page correctly. If I traded crosses like GBP/JPY or EUR/GBP, and my account is in USD, is the margin required additive, e.g., for GBP/JPY, my margin comes from the conversion of GBP to USD plus JPY to USD (with commensurate leverage)? I...