Auto Rebalancing portfolio

[K0ZZM0]

Hi,

Is it possible to set up my own portfolio with chosen assets' % allocation?

I would like to have a monthly amount saved on my account which will then automatically rebalance my portfolio according to my predefined rules...

• Rebalancing timing: monthly, quarterly, annually, or manually(triggered)
• Which assets I want in my portfolio and how much % they represent my total account

Could you also help me point to assets that are equivalent to the following ones, which I seem not to be able to buy on my account (Europe)

• VTI
• Bitcoin
• Ethereum
• Gold

And a final question is whether I can link MT4 or ProRealtime to my lynx account, if so how?

Thanks in advance!

 

[sef88]

If it's once a month, you can do it manually. If not, you can always write simple scripts to rebalance it using python ib_insync, ibridgepy packages.

 

[HobbyTrading]

Do you want to have this auto rebalancing set up in TWS? Or are you planning to write some software and use IB's API for this?

 

[K0ZZM0]

I would prefer the most easy 'passive' mathod if its possible.
Is it possible to setup without writing code? If not where can I find a code that does that? I can't imagine I'm the first wanting to do that on IB, right?
If it needs to be done through code how and where is this code running?

Thanks in advance,
Alex

 

[sef88]

https://www.youtube.com/channel/UCOSvCJJG7PTH-jhp0phvlrg/videos

ibridgepy seems to be most suitable for your purpose. I personally use ib_insync for my strategies.

You may use the function, order_target_percent(security, <percentage>) in your script.

 

[HobbyTrading]

Is it possible to setup without writing code?

I don't know whether you can do this within TWS. Although I'm an IB customer, I never use TWS.

If it needs to be done through code how and where is this code running?

The code would be running on your computer, or on a virtual server. IB offers an API which enables you to write any software code you want. It is available for multiple software languages, such as C, Java and Python. You would connect to IB's servers via either TWS or Gateway (which basically is TWS without a graphical user interface). Your program then connects to TWS/Gateway.

 

[K0ZZM0]

Thanks very much all for your help...

Ok, any forum or online community specialized in this?

Any ideas about using prorealtime or MT4?

 

[HobbyTrading]

Ok, any forum or online community specialized in this?

There is a forum for questions about IB's API. But it is used by people who are programming themselves and have questions about specific parts of the API. It is not being used by people who look to buy software.

Any ideas about using prorealtime or MT4?

I don't know prorealtime. With MT4/MT5 you would also have to program this yourself, using MQL4/MQL5 and have it running on your own computer (or in the cloud / on a virtual server). You could outsource the software implementation as there are programmers who offer their services for paying customers.