I have been with IB for about 2 years now and I can't complain about anything other than the margin rates for intraday futures trades. Other brokers like Velocity or Global have $500 intraday margin so why at IB it has to be 3 times higher?
Such a high intraday margin is justified in case of...
I don't think you will find another prop firm which will let you trade without putting down your own money at risk. This is the main reason why Swift Trade is so in demand in Eastern Europe and Asia. In America almost anyone can afford to risk blowing up 5k in trading but in those countries only...
Michael,
I have read your other thread (poll). When you started it you were not sure. Now you sound a bit like you just saw God and you want to share it with the whole world. Am I right?
Peace
trendtech
Trading can be gambling or not depending on what type of a trader you are. For professional traders, bank traders, hedge fund managers trading is not gambling but a business (or a job). usually those traders are well trained and experienced, well capitalized and have access to the best...
Chabah,
I have not read the whole thread so I don't know what is your trading style but I thing you are not well capitalized to trade. To day trade you need to have 25k base at all times but you said you have 5k and you have made 24 trades in 3 days so how it's possible?
trendtech
I don't understand the point of this poll. It's obvious that majority of traders participating in this forum don't make any serious money in trading. I don't think anyone who can consistently make $1000+ a day in trading would be wasting his time in this forum. Not long ago there was a thread...
You need to have some programming skills to set up ZLT auto trading correctly. One of the problems I remember was that the current bar was generating multiple orders due to price movements. This was solved by some coding in the chart program and adding order id on ZLR so there was only one...
Guys,
I don't know if you are aware that Zero Line Trader has automated trading interface for IB. I have tried it and it worked without problems. We have done it when there was no IB paper trader account so we used Zero line in sim mode and Amibroker charting to generate trading signals on...
I use SCMagic for IB data, Sierra Chart and Amibroker for playback and backtesting. Cost for intraday tick data is about $11 per month, minute data should be less and you get a very long history, perfect for back testing or for a playback.