IB Suggestions & Improvements
- Thread starter Babak
- Start date
Quote from GTC:
...in unbundled pricing, how much commissions rate does IB's system deduct before calculating how much shares of XYZ can one purchase...
I think you're misplacing decimals or something
Worst case commission is about $0.015. Best case is about $0.0015 credit. If you have $100000 in BP, and you want to buy a $100 stock, the difference between best and worst case is only 1 share:
Worst case: 999 * ($100 + $0.015) = $99914.99
Best case: 1000 * ($100 - $0.0015) = $99998.50
Even for a $5 stock, the difference is only 66 shares out of ~20000:
Worst case: 19940 * ($5.00 + $0.015) = $99999.10
Best case: 20006 * ($5.00 - $0.0015) = $99999.99
...in unbundled pricing, how much commissions rate does IB's system deduct before calculating how much shares of XYZ can one purchase...
I think you're misplacing decimals or something
Worst case commission is about $0.015. Best case is about $0.0015 credit. If you have $100000 in BP, and you want to buy a $100 stock, the difference between best and worst case is only 1 share:
Worst case: 999 * ($100 + $0.015) = $99914.99
Best case: 1000 * ($100 - $0.0015) = $99998.50
Even for a $5 stock, the difference is only 66 shares out of ~20000:
Worst case: 19940 * ($5.00 + $0.015) = $99999.10
Best case: 20006 * ($5.00 - $0.0015) = $99999.99
I love BookTrader (BT), but I would like to see a few important updates.
The first is under Configure Hotkeys / Configured Shortcuts / Configure / Customize / Size. Currently the only options are Default, Absolute, and Available. I would like to see this offering expanded to include the options available when setting up target limit orders (e.g., size as a percentage of position). This would make it easier to open a position with the BT default quantity and then close the position incrementally. To the same end, it would be great to have two linked BT instances open for the same symbol so the default size in each BT instance can be set independently, but with all open orders displayed simultaneously in both.
The second is with respect to setting attached stop loss price levels in Configured Shortcuts. Currently, the +/- offset amount can only be specified as an absolute decimal amount. You should allow an offset amount to be specified in ticks as well so an auto stop of five ticks would work whether one is trading Euro FX, 10-year T-note, or mini-S&P futures (the decimal value of five-tick offset amounts for these contracts would be 0.0005, 0.078125, and 1.25, respectively). This would make it possible to trade different instruments with the same BT settings (also, one wouldn't have to pick up the calculator to figure out the decimal amount of five-ticks on fraction-denominated contracts).
Finally, it's frustrating that if I have multiple orders on the same side of the market and on the same price line (e.g., two three-lot buy orders), I can't cancel them using the Type column as I can when I have just one order. If I click on the Type column with multiple orders, nothing happens; instead I have to cancel them in the order window above. The quantity of each separate order already appears in its own boxed area in the type column, so why can't each order be cancelled by clicking in its boxed area?
Please consider adding some or all of the above suggestions in the near future. Thank you.
Regards,
The first is under Configure Hotkeys / Configured Shortcuts / Configure / Customize / Size. Currently the only options are Default, Absolute, and Available. I would like to see this offering expanded to include the options available when setting up target limit orders (e.g., size as a percentage of position). This would make it easier to open a position with the BT default quantity and then close the position incrementally. To the same end, it would be great to have two linked BT instances open for the same symbol so the default size in each BT instance can be set independently, but with all open orders displayed simultaneously in both.
The second is with respect to setting attached stop loss price levels in Configured Shortcuts. Currently, the +/- offset amount can only be specified as an absolute decimal amount. You should allow an offset amount to be specified in ticks as well so an auto stop of five ticks would work whether one is trading Euro FX, 10-year T-note, or mini-S&P futures (the decimal value of five-tick offset amounts for these contracts would be 0.0005, 0.078125, and 1.25, respectively). This would make it possible to trade different instruments with the same BT settings (also, one wouldn't have to pick up the calculator to figure out the decimal amount of five-ticks on fraction-denominated contracts).
Finally, it's frustrating that if I have multiple orders on the same side of the market and on the same price line (e.g., two three-lot buy orders), I can't cancel them using the Type column as I can when I have just one order. If I click on the Type column with multiple orders, nothing happens; instead I have to cancel them in the order window above. The quantity of each separate order already appears in its own boxed area in the type column, so why can't each order be cancelled by clicking in its boxed area?
Please consider adding some or all of the above suggestions in the near future. Thank you.
Regards,
Is it possible for IB to introduce a certain type of script language, such as easylanguage of tradestation. This can allow traders to make custom indicators in charts, and make much more complicated conditonal orders/bracket orders/trailing stop orders and even automate them.
I understand TWS API provide a solution for automated trading, but it requires much knowledge in programming. If IB can introduce a integrated script language, much more clients will be able to use it, and this will make IB a truely allmighty powerful trading platform.
I understand TWS API provide a solution for automated trading, but it requires much knowledge in programming. If IB can introduce a integrated script language, much more clients will be able to use it, and this will make IB a truely allmighty powerful trading platform.
what about adding a feature that allows u 1--to 'arm' a bracketed order directly from the book and 2-- to 'arm' a stop attached order, 3--to 'arm' a simple attached bracket: shortcuts becomes difficult to execute and can be confusing during fast moving mkt and this would alleviate the pain....talking about quick scalping here.