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You don't indicate what type of balance you are carrying. Let's assume it is $600,000 ($600K). You need at least $500K to get the 6% rate at just2trade(J2T). In looking at the J2T web site I see that they have 5 tiers to reach their lowest margin rate of 6%. I did a quick calculation of...

I think we are saying the same thing. If you are short stock IB shows your stock balance as "minus" X shares. If you have a margin loan you are "short" that cash and it shows as a "minus balance". The descriptive terms on the Web page are IB's, not mine. Note there is an: "Interest...

GTC: I use the term "fictitious" to differentiate it from the real (or cash) balance. As long as you have a cash balance you will never get a margin call. The value of your account can vary all over the place, indeed approach $0, and you'll never be auto-liquidated by IB's magic margin...

Go here: http://www.interactivebrokers.com/en/accounts/fees/interestMethods.php There are examples at the bottom of the link that you can scroll down to. In general you are correct but the $ amount determines whether or not you'll get paid on the short-generated "fictitious credit"...

Frost: Oh well, there goes that theory. Keep working at it. Jack

I'm an IB client. I don't trade FOREX but I'm rather certain that if you are flat at the start and end of the day there is no interest charged or paid. You are day trading and that is the way it works for stocks and futures. One caveat. Find out what time the FOREX day ends. Jack

Frosty: I've been reading this thread and its predecessor and perhaps the info is there but I don't remember it. What I think I read - 1) Your are trading with IB using their API 2) Your are using their datafeed to trade 3) You originally backtested using 4 months of purchased data...

The rate you show is what IB would pay you if you had a cash balance (free cash). Look at the link you gave in your post and go to the Interest Charged on Short Balances section. That is what IB would charge you. It is always LIBOR+ when you pay and LIBOR- when IB pays. The rate...

Reading your thread title I'd say go! IB's fees are "all-up". There are no other fees. You should also look at their unbundled rates which are slightly cheaper if you don't hold overnight. They get cheaper as your trading increases as well. Many of the commissions you see advertised are...

They've offered an "Opt-Out" option for the security token system for those that wish to accept the risk. I'd check with IB to see if the same is true for the index number method. Jack

Malaka: Start Here- http://www.elitetrader.com/vb/showthread.php?s=&threadid=80672

There are two screws on the back that I do not want to remove. Then what appears to a little knurled slide that may or may no slide. I have a number of these things and each has a serial number. My guess is that when they are made there is a small bit of non-volatile memory used to install a...

Pure guess - It has two large watch type batteries. You turn it on and enter your PIN. It processes your PIN. You enter the Challenge. It processes the Challenge and produces a Reply. It automatically turns off after 15 seconds if you do not enter a PIN. It automatically turns off...

The Challenge will always be pure numeric, never any alphas. The Response String may contain the numbers 0 through 9 as well as the letters A, H, C, P, E and F. As you can see there are no letter "O"s or "S"s. You do not need to capitalize the letters when you enter them into the response...

Here is an extract of the protection scheme description. Each SafeWord token generates and displays single-use passwords on demand (via a unique secret key and an advanced encryption algorithm that is contained inside). The PremierAccess server is linked to the token and uses the same secret...

Bernard: In his second post of this thread Art said: Going into 2007, you’ll notice I am not altering anything in the Czarcharts even though I do re-examine at the end of each year. I see no reason to suspect the climate is going to radically shift into the next year. I'd say Art...

Is your system an automated system that sends in orders or do you see a signal (on a chart or a pop-up or an audible alert)? If you must see\hear the signal and manually input the order I think you will have difficultly executing 250 trades a day. I tried manually executing a system I...

Can't answer the rest of your questions but if you look at the Audit Trail you'll see where the order came from. The API interface to the TWS must be coded to allow identifying the order source. That feature has helped me figure out where an order came from when I was doing discretionary...

First - You mention "FAT" in your item 3. FAT is obsolete and is much less efficient than is NTFS. Are you really using FAT? To answer your questions- 2) FAT has limits on the number of files and file size. It depends on whether you are using FAT16 or FAT32. NTFS has no practical limits...

Art: Great news, that might explain some discrepancies I attributed to errors on my part when I tried to duplicate your signals. To forestall a slew of complaints, nasty comments, etc, rather than the kudos you deserve - Please advise what type of continuous contract you will be using...