POLL...Best API for for IB order entry...

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I'd just like to pull an anal, and point out that an API is an Application Programming Interface, and not what this poll is about. Y'all are discussing User Interfaces (UIs), AKA Graphical User Interfaces (GUIs), AKA front ends. It's just me, but I keep clicking on these threads looking for a discussion about DDE vs ActiveX.

The easy way to understand is to realize that an application uses the Application Programming Interface (API). So if you are not creating an application, you are not dealing with the API.

It's probably just me that this bugs, so carry on.

:(
 
I am in the process of transferring funds to an IB account to trade the E-minis with. I was researching their website and re-learning their platform....years ago when daytrading stocks I used IB. I would like to post this IB link. This link is a listing of the freelance addons (front ends, API or whatever its called)

http://www.interactivebrokers.com/i...r.html~top.body

I hope this adds a positive addition to this thread. There are other freelance products available other than the popular ones listed here.

I voted for NinjaTrader and if I had another handle on ET I would also vote for Buttontrader. It's a toss up for me.

Ninja Trader might be getting an influx of traders from Investor R/T Charting program. They recently have cooperated together to intregrate the charting power of I R/T and Ninjatrader together. This would be E-sig powered or any of the other main stream datafeeds. Now I suppose if Buttontrader were to do that with I R/T...the "volume tick presssure thing" might be improved.

Has anybody used traderguard Japanese Candlestick Pattern recognition/signal program?

Michael B.
 
Quote from Simtrader:


Ninja has more features and less bugs than Bracketrader. It also has a cleaner more intuitive interface, but perhaps most importantly of all, it has the best developer support and training of all products. Ray Deux will usually answer your email question within one hour, and he provides full training via voice (PalTalk or Yahoo) every Tuesday after market close. This is your money on the line. You shouldn't mess around with a freebie product - get a product with the best support and training. One that has all the most important features that you need. One that has the largest and fastest growing base of subscribers.

The main benefit using Buttontrader?
You get to go through the initiatiion process whereby you must prove that you've mastered 500 pages of documentation before you are permitted to press the Buy button. You want to just buy at the market and put in a target price & stop-loss? Sorry, you must be an idiot trader then! Don't you realise that you first need to install Linux, learn C++ programming language in order to run 12 different automated techniques on 13 symbols symbols across 10 different tick volume charts, requiring you to puchase 3 extra monitors, in order to become a profitable trader?! In short, the main benefit of Buttontrader is that after initiation, you get to pull your pants down and be smacked with a giant paddle by the developer himself, if you are deemed intelligent enough to use his product :p
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Thank you for your detailed explaination on these two products.
You convinced me to go for ninja trader at least for the beginning.
 
Quote from Simtrader:

Interactive Brokers are in the brokerage business not the datafeed business. Their live quotes (Last, Bid & Ask price & size) are not true streaming prices. They are snapshot values taken every 0.7 second I believe. Compared to real-time streaming datafeed or even the patystems J-Trader platform, IB will be transmitting about 30-40% fewer ticks.

So all those 'tick volume analysis' charts in Buttontrader are fundamentally flawed right from the start, not because of a design flaw in the program but because they are being fed by second rate data that is dropping 30-40% of the information you need. Buttontrader even has documentation (only 343 pages this time!) which shows the benefit of "seeing" one market's volume pressure versus another. What nonsense. You've got IBs data behind all symbols ...so forget about it!

This is typical of Buttontrader. All these supposedly great features that are effectively useless when it comes to helping you make more money. It's just proof that the product is designed as a piece of technoid, to appeal to eggheads. By contrast, Ninja dedicates itself to designing features around the entering and manipulation of orders, in a clean user interface. In all honesty, even NinjaTrader has more features than you probably need. If you're a real trader, stick to a product that is usable, easy to get up and running, and where you can be surrounded by normal traders and not the guys with the funny shaped classes you always hated in high school!
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Yes, your right. after looking at Button trader, its not easy to
figure it out, but looks like somthing unique.May be i don't need
it for this moment
Thanks again
 
Quote from Scientist:

IB has the most frequently updated snapshots in the industry, world-wide. Make sure you know what you're talking about before you do so.

And I'm not saying that in favor of any product - Since all products here address IB plugins.

Unless you're scalping the ES for single ticks, you shouldn't even be thinking about IB's snaphot refresh rate, seriously! And they're already working on improving their snapshots again!


Scientist.
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Look Scientist - I'm not talking about the refresh rate. It's irrelevant whwther it's 0.7 or 0.5 or whatever it is. What I'm talking about is the fact that IB does not distribute a streaming datafeed. That's not false information. It's a FACT and it's not controversial. Snapshot & streaming are two totally different beasts. Whenever IB have been questioned about this, they usually reply that they are in the brokerage business not the datafeed business. Fair enough.

The bottom line is that none of these products are receiving 100% of the data coming out of an exchange because they use IB's snapshot datafeed. Se be it - that's the deal when working with IB. However, but some of these products (Button comes to mind) are touted as being highly beneficial because you can do things like tick volume pressure analysis. MY point is this ...how can that be useful if you are missing 20% of the ticks that the exchange are sending out?!!


Facts like:
- the number of people following the support boards
- what kind of datafeed is feeding these products
- what kind of developer attitude exists behind each product


 
Quote from TGregg:

I'd just like to pull an anal, and point out that an API is an Application Programming Interface, and not what this poll is about. Y'all are discussing User Interfaces (UIs), AKA Graphical User Interfaces (GUIs), AKA front ends. It's just me, but I keep clicking on these threads looking for a discussion about DDE vs ActiveX.

The easy way to understand is to realize that an application uses the Application Programming Interface (API). So if you are not creating an application, you are not dealing with the API.

It's probably just me that this bugs, so carry on.

:(
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TGregg,

I am glad you bring this up again. In fact I posted about this right at the start of this thread.

Quote from nononsense:

Breakout,

You are changing the traditional meaning of the term API. The programs you refer to are applications, not API's as the term is known in software development.

As an example, go to the IB web site and you will find what is meant by an API. Not adhereing to standard terminology is a disservice to some readers.

nononsense
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I think that it is very important to keep terminology clean. Otherwise we may have to extinguish a state of hopeless confusion at ET later on.

nononsense
 
Quote from bronks:

I don't know but I'm really partial to IB's TWS myself. It does exactly what I want it to do, when I want it done, with a minimal amount of fluff. And it only takes up about 1/10th of display space on my monitor. Program some hot keys and BOOM, you're there. I know it's a little off-topic but I can't help it...I dig the interface. Or maybe I'm just used to it.
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Bronks,

if you're happy with TWS, check out this:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=15587
 
I agree that there is a quickly growing number of so-called Advisor Accounts out there (trading more than one account) and none of these platforms seem to be serving their needs (API 7.3 and implementing the Advisor-messages). Opportunity is knocking!
 
Quote from nononsense:
I think that it is very important to keep terminology clean. Otherwise we may have to extinguish a state of hopeless confusion at ET later on.
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I agree. The subject of this thread is misleading. The poster wanted to discuss the merits of the different front-end products to IB, not the API itself. It would be helpful if a moderator changed the name of the thread's subject. In fact, I think the original poster can request that it be edited if he sends an email to Lord Baron requesting so. Call it something like: "Which is the best order management program for IB?". That header should get more people who use these products onto the thread and voting.

Just one thing though ...could someone please tell the Buttontrader guys that they are only allowed to vote ONCE(!) and that its developer can't register more than 3 usernames a day!! :D
 
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