BasketTrader block short selling

Sam Mcgee

Sam Mcgee

I've just started to trade successfully with IB's BasketTrader. My worry is that my software will calculate a sell for a stock that I don't hold because I missed the buy. Then that sell order can get to my BasketTrader. Is there a field that I can fill in or a setting that I can make for BasketTrader to block an inadvertent short sale?
 
I'm generating buy and sell signals for a number of stocks each day with Amibroker that get saved into a csv file which then gets converted into another csv file that is compatible with the BasketTrader
 
Sam Mcgee said:
I've just started to trade successfully with IB's BasketTrader. My worry is that my software will calculate a sell for a stock that I don't hold because I missed the buy. Then that sell order can get to my BasketTrader. Is there a field that I can fill in or a setting that I can make for BasketTrader to block an inadvertent short sale?
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Would you be able to modify your software such that it first collects an overview of all your open positions at IB? Then you can use that to prevent selling a position which you don't have.
 
Yes, I'm sure that's possible to make software to detect your open trades, but it would be a lot easier if you could simply block short selling.
 
jaynsw said:
Hi Sam,
What is the benefits of the basket trader ? Thanks...
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The BasketTrader will read a csv file and execute trades from it. It's a lot more accurate and convenient than entering the trades manually.
 
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