Easy platform for automated Equity Options trader with IB?

[yosuji198]

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 DecisionPrice2, then buy/sell spread call/put at this LimitPrice2 price. Or if underlying reverses back and hits some price do something... Simple stuff. I need to be able to do this for equity AND index options (and why not futures options too).

I am hoping there is an already existing software platform compatible with IB that I can build this robot on. Building my own thing in Python or C would require months of learning Also, I'm Canadian and not a lot of brokers with low prices will work here . IB does work. I've done some digging and:

Ninjatrader: doesn't do equity options
Tradestation EL: no Canadians allowed (and expensive)
Multicharts PL: maybe works? but it's not really set up for options trading
MetaTrader 5 expert advisor: Doesn't work with IB (without some expensive workaround for institutional clients only?)
eSignal: ?

Are there any reputable platforms that I missed? Does anyone know how I can build this code in a simple manner?

Thanks!

 

[traider]

ib insync wraps ib api using python
it's quite user friendly

 

[TooEffingOld]

Have you investigated Sierra Chart? https://www.sierrachart.com/
The site looks as if it's still 1996, but the software, etc., are solid. And you wouldn't have to learn complicated syntax. On the other hand, their connection to/integration with IB is complicated: https://www.sierrachart.com/index.php?page=doc/InteractiveBrokers.php

 

[ZBZB]

Employ a coder from www.upwork.com search on interactive brokers api.

 

[yosuji198]

Employ a coder from www.upwork.com search on interactive brokers api.

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

 

[yosuji198]

ib insync wraps ib api using python
it's quite user friendly

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

Thanks!

 

[traider]

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

Thanks!

Nope only used ib insync which was good enough.

 

[yosuji198]

Nope only used ib insync which was good enough.

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)?

 

[yosuji198]

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 of my time or is the coding language & structure going to be simple for all these python solutions?

Thanks

 

[BrianSW`]

yosuji198 ib_insync vs IBPy vs IBridgePy which one did you go for/recommend?