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!
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!