Asides

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

 

 

 

 

 

 

Order Copier new version announcement.

Until end of August,  trade-commander.com will release an extended version of the IBKR trade copier (not the MTIB order copier).

This new version will allow to copy orders from one or more IBKR accounts to one ore more IBKR or MT4/5 accounts.

A file interface and a REST API interface for source orders are planned for further versions.

 

MetaTrader-Interactive Brokers Order Copier New Version 2.9.2.5

Release Notes:

  • Important change: The working folder changed from users/<username>/documents/trade-commander.com/mtib_order_copier
    to
    c:/trade-commander.com/mtib_order_copier
    This is because of too many problems with MS OneDrive and/or arabic, hebrew,etc. language codes.
    The location in c:\ is the most safe and easy to find and to delete in case of uninstallation.

For users with no problems, this update is not required. But future updates will use new location. When you want to migrate, just do the following steps:

1. Install the new version.
2. Goto users/<username>/trade-commander.com and copy folder     mtib_order_copier
to
c:\trade-commander.com
Confirm overwrite.

Or request help: contact@trade-commander.de

Goto Product Page

Download MetaTrader - Interactive Brokers Order Copier

 

 

 

MetaTrader-Interactive Brokers Order Copier New Version 2.9.2.1

Release Notes:

  • Bugfixes: MetaTrader 5  Netting Account:  Changing Position size did not adjust bracket order size
  • Changes: MetaTrader 5 Netting Account: A position now has only one bracket order. So multiple stoploss- and takeprofit orders are summarized in one bracket like on MetaTrader 5.
  • Optimization of reconnection procedure.

 

Goto Product Page

Download MetaTrader - Interactive Brokers Order Copier

 

 

 

IBPlugin New Version 1.0.2.5

This new version comes with some bugfixes and has also a new expert for manual traders, the:

IB Position Sizer

 

This expert calculates order volume based on fix stoploss or calculates stoploss, based on fixed order volume.

This is dones based on a custom defined risk in % and the current InteractiveBrokers account balance (CASH value).

Alle Berechnungen basierem auf eurem InteractiveBrokers Konto, im Speziellen, der Balance (CASH Wert).

Also this expert is a free addon for IBPlugin. You can change the sourcecode and you can sell it.

It never been so easy to trade an InteractiveBrokers account from within MetaTrader charts.

Download Setup file: ibpluginSetup