Archiv der Kategorie: Tutorial

General tutorial for any software

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

 

Herunterladen MetaTrader - Interactive Brokers Order Kopierer

 

 

Video Tutorial about license application for the MetaTrader Interactive Brokers bridge

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.

  1. In the bridge go on Menu / Information / License Information
  2. Click on button ‘Apply License File’
  3. In the windows explorer pick the file from desktop
  4. Click open
  5. Wait for server answer.
  6. Close dialog. Thats it.

Or watch this video:

MetaTrader tool for manual traders

This is a prelease video about an upcoming tool for MetaTrader users who prefer to trade manually. This tool allows to quickly follow the markets, placing and manage orders in a convenient manner, providing information about your current order-,risk- and account situation, serves with statistics about your trading performance and more. The video shall give you a first impression of this upcoming tool. Comments are appreciated.

 

https://youtu.be/vhWEFCVU2Fk

Video showing stresstest of the MetaTrader-Interactive Brokers bridge

In this video you can see a stresstest of the MetaTrader-Interactive Brokers bridge. Positions for 4 different symbols are opened and immediately closed. This happens 30 times in a row with a short delay of 10 milliseconds between each open/close sequence. The ordersize is 5 lots=500.000 shares.

Both accounts are flat at startup and when test has finished. At the end of the video, the total costs generated at MetaTrader and Interactive Brokers are compared. Short in advance:   The Interactive Brokers account generated  $ 1324 less costs than MetaTrader account.  This applies for 4 x 2 x 30 = 240 transactions, each with a size of $ 500.000.

The stresstest is installed along with bridge. Users can adjust parameters or change the code according their requirements. This way, they can imagine whether the bridge is a benefit for their personal trade setup or not. The question : “Should i buy the bridge or not” , is reduced to a simple mathematical equation.

 

Watch stresstest video