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I just hired a coder on upwork to build an algo for me - one of the requests was to try to use IBALGO to manage the pricing on spread orders. We'll know by next week whether he could deliver that. I will share code if it works

Do you think it would be possible to use IBALGO to transmit a BAG order through the API? Essentially, leveraging IB's IBALGO in my own API code specifically for option spreads

Yes I meant SPX or NDX. This margin deficit notification stopped me from placing orders on BKNG expiring next week, but it allowed me to place any order I wanted on BKNG expiring that same day (Friday), and it allowed me to place any order I wanted on SPX, AMZN, or any other stock - it only...

Hi Community, I received this error while trying to iron condor AMZN "YOUR ORDER IS NOT ACCEPTED. PROJECTED POST EXPIRATION MARGIN DEFICIT IS..." I'm not sure how they calculate post expiration margin, but if I traded only index options like SPY do you think would I be better off? Since...

Ok I think I understand it now. Let's say for example bid price is 0.10, ask is 0.90 and midprice is 0.50. And I put in an offset of 0.01 SNAP to MID: Sell order is 0.5 + 0.01 = 0.51, which essentially becomes your limit price Buy order is 0.5 - 0.01 = 0.49 limit price SNAP to MKT: Sell order...

Hi Community, I see the SNAP to MKT, SNAP to MID, SNAP to PRIM orders but IB's website doesn't describe them well. If for example I'm buying an options spread where the bid price is 0.10 and the ask price is 0.90 and the midpoint is 0.50 - then if I put a SNAP to MID order with an offset of...

So... is it or is it not possible to use IBALGO for option spreads? I would also like to know. I don't care about delta or anything fancy. I simply have a spread I want to open at a fair price and for 6 years now I've been manually typing/clicking in price changes.

Another question - ib_insync vs IBPy vs IBridgePy --- I know some are better than others but are they all similar since they're all running python? I'm asking because there's a free IBridgePy course on QuantInsti -> If I end up coding in ib_insync then are these courses on IBridgePy a waste...

Hey traider. What are notebooks (jupyter?) and what are recipes? Also, I'm am guessing that there are a bunch of pre-built useful functions (stored in notebooks or they come with ib_insync)?

You may be right traider. Have you tried IBridgePy? Do you think it's easier to use than ib insync? Thanks!

Yes I won't be building the code myself. I will pay someone to build it and just edit it - but it still needs to be user friendly enough for me to understand

Hi Community, I am a trader using IB TWS with only basic coding experience looking to set up a simple automated options trading bot: If underlying stock price hits DecisionPrice1, then buy/sell spread call/put at some LimitPrice1 limit price. If underlying stock continues its momentum and hits...

Honestly guys, I'm thinking of building my code in EasyLanguage with Multicharts. Python seems like too much work. I'd rather have a stand-alone system where I don't have to worry about also picking external resources like libraries?, Elixir?, pandas / numpy?, Cojur? or whatever. I'm used to...

You could - with decision trees made in Excel, and fast fingers to put in your trades. Problem is, it's tough to do that while holding down a full time job, and sitting in meetings :vomit:

Hi Community, I am an expert options trader with only basic programming experience (in VBA). I want to build simple code for IB TWS where I can program in the next trade to execute. I am not looking for a whole decision tree that's automated, I myself can type in the code for what I want the...

Thanks for the comments. Thanks stepandfetchit - Yes I like to initiate trades at 7DTE. In the future I can look into adjusting qty

I've looked at SPX. Generally I would like 3 to 4 strikes in the 30 deltas. Despite its high-flying price, SPX usually only has 2. NDX is much better because it tends to have 3 strike prices in the 30 deltas :thumbsup: Thanks.

And as a follow-up, yes I could close the trades Friday morning but my spreads can be thin sometimes, and so waiting until the last 30 minutes of trading, where my short has lost almost all its value, would be much better. Put simply, it wouldn't be worth it for me to close early. I currently...

Hi Community. I trade weekly option spreads and have some strategies that work for me. Problem is, Monday to Thursday I have enough margin to do 3x my current strategy (thus get 3x the profit), but come Friday my margin drops to zero because it's expiry day and my broker, IB, calculates how...

Yea I just checked myself by buying a deep ITM option 'CFD' on General Electric. It simply executed the standard equity option for General Electric. So in the end the 'CFD' options chain is just a regular equity options chain. thanks community.