Category Archives: MetaTrader – InteractiveBrokers Order Copier

MetaTrader-Interactive Brokers Order Copier New Version 2.9.3.5

License handles # of connected accounts more flexible

Release Notes:

    • The new version detects only client accounts in use by all allocations and not all accounts associated with a connection. So you can have for instance a license for 4 accounts, when you use only 4 accounts even if your TWS / API connection manages more than 4 accounts.
    • Minor Bugfixes

If you need help for setup:

contact@trade-commander.de

Goto Product Page

Download MetaTrader - Interactive Brokers Order Copier

 

 

 

 

 

 

MetaTrader-Interactive Brokers Order Copier New Version 2.9.3.2 – support TWS autostart

MTIB Order Copier TWS auto restart feature support

Release Notes:

    • Version supports auto restart features in TWS >= 976. Tested with TWS 977 offline.

Background:

Newer TWS have an auto restart feature. This allows, just to login once per week and do an automatic restart on daily basis.

 

The new MTIB Order Copier works with this feature. When you set the autorestart time in TWS / Settings / Lock and Exit,  go into Copier Menu / Setup / Miscellaneous settings

Set reconnect time to 2,3 minutes after TWS autorrestart time.

 

Make a test run: Place an limit order far from market, right after the MTIB Order Copier restart time.  The order should be placed as TWS. Cancel this order.  Should also be cancelled in TWS.

If you need help for setup:

contact@trade-commander.de

Goto Product Page

Download MetaTrader - Interactive Brokers Order Copier

 

 

 

 

 

 

MetaTrader-Interactive Brokers Order Copier : How to size orders

There are various methods to size orders:

a:  By default, one lot is set to 100.000 shares for forex, 1 for futures
and 100 for stocks. You can change this value for each contract.

b:  In addition you can set a general multiplier on top of a: and which   is per MetaTrader, e.g. 10.0 which means 10 times at IB.

c:  On top of a: and b: you can enable the balance IBKR / MT balance
relation. Example: On IB our balance is 100.000 at MetaTrader         50.000. So the balance relation factor is 2.

 


Example that summarizes all options:

a: The shares per lot factor for EUR.USD = 100.000 (default für forex)

b: The general multiplier for MetaTrader instance is set to 2.0. (default 1.0)

c: The balance relation factor is enabled and the balance at IBKR account is 100.000 and at MetaTrader 33.333. So the factor is 3.0

Note: The balance relation factor is not respecting different account currencies in IBKR and MetaTrader account. If the base currency should be different, you should work in the exchange rate in the general multiplier (b:)

Let’s place an order in MetaTrader of 1 lot.

Final IBKR ordersize=a:  x b: x c: = 100.000 x 2.0 x 3 = 600.000

Video about setting order sizing

 

Download MetaTrader - Interactive Brokers Order Copier

 

 

 

 

 

MetaTrader-Interactive Brokers Order Copier New Version 2.9.2.6

Release Notes:

  • Minor Bugfix.
  • Changed procedure to request trial version: The dialog for requesting a trial versions raises at start.

If you need help for setup: contact@trade-commander.de

Goto Product Page

Download MetaTrader - Interactive Brokers Order Copier