This feature makes it possible to run TWS or Gateway without a noteable break or login 5 days in a row. Just setup Auto Restart feature and login once per week, e.g. at the beginning of the trading week.
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
Download MetaTrader - Interactive Brokers Order Copier
When you bought a license for the bridge, you get a license file sent via email. This video shows how to apply this file. It is assumed, that you
stored the license file on your desktop.
The short description.
- In the bridge go on Menu / Information / License Information
- Click on button ‘Apply License File’
- In the windows explorer pick the file from desktop
- Click open
- Wait for server answer.
- Close dialog. Thats it.
Or watch this video: