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One of the leading electronic brokersHere you can find '''[http://www.  Gained immense fame with its high quality, affordable prices and supporting trading on may exchanges worldwidemulticharts.com/downloads/tutorials/ib_datafeed_broker.mp4 Interactive Brokers Video Tutorial].'''

{|style="borderThough there is a choice between web-collapse: collapse; border-width: 1px; border-style: solid; border-color: #cccccc"|-|style="border-collapse: collapse; border-width: 1px; border-style: solid; border-color: #cccccc"|'''Pro'''|style="border-collapse: collapse; border-width: 1px; border-style: solid; border-color: #cccccc"|'''Con'''|-|style="border-collapse: collapse; border-width: 1px; border-style: solid; border-color: #cccccc"|Free quotes|style="border-collapse: collapse; border-width: 1px; border-style: solid; border-color: #cccccc"|Not enough history data|}based and standalone version, standalone version is recommended to use.

== Features and limitations Setting up Interactive Brokers Trader WorkStation== The following configuration is required to establish connection between MultiCharts platform and IB TWS:# Click on '''Configure''' in main TWS window.# Click on '''API''' section. Select '''Settings'''.# Check '''Enable Active X and Socket Clients''' box.# Uncheck '''Read-Only API''' box.# Set the '''Port''' ('''Socket port''') number to the same value both in IB TWS and IB data source in QuoteManager.# Add '''127.0.0.1''' to '''Trusted IP Addresses''' or check the '''Features"Allow connections from localhost only"'''box (only if TWS is running on the same PC). If TWS is running on a remote PC - you should specify its IP address.

* Searching for symbols by name or root==Setting up Interactive Brokers Gateway==The following configuration is required to establish connection between MultiCharts platform and IB Gateway:# '''IB API''' option should be selected when logging into IB Gateway.# Click on '''Configure''' in main Gateway window.# Click on '''API''' section. Select '''Settings'''.* Auto# Uncheck '''Read-adding Only API''' box.# Set the symbol and required attributes Port (Socket port) number to the databasesame value both in IB Gateway and IB Broker Profile in MultiCharts. <div style="background-color: #E3FBE5;">'''Note''': By default in IB Gateway '''Socket port''' number is '''4001'''. In IB data source in QuoteManager default '''Port''' ('''Socket port''') number is '''7497'''.</div>* Automatic confirmation when querying for data# Add '''127.0.0. No need 1''' to click ok in '''Trusted IP Addresses''' or check the '''"Accept incoming connectionAllow connections from localhost only" dialog''' box (only if Gateway is running on the same PC). If Gateway is running on a remote PC - you should specify its IP address.<br/>* Automatic reconnection <div style="background-color: #E3FBE5;">'''Note''': If TWS/Gateway current language is set to any language except English, it is required to enable the option that means “Send API messages in case connection is lostEnglish” in API settings.</div>

==To set up Interactive Brokers data feed connection:==# In the '''QuoteManager''' main menu select '''Tools''', then click '''Data Sources''' and click on '''Interactive Brokers'''. # In the popped up window choose whether you have a '''standalone''' version installed on your PC version of IB TWS / IB Gateway or a '''web-based one'''. ''Standalone version is recommended to use''. # Click '''Ok'''.# Once you clicked Ok, the Interactive Brokers Data Feed Configuration window is opened. It is recommended to use default settings. :* '''Connectivity''' section.<br>Make sure the '''Server IP Address''' and '''Port''' numbers are correct.<br>IB TWS can be launched automatically by MultiCharts on attempt to add a symbol from IB data source; once a chart, DOM, Market Scanner window with IB instrument is open. To enable this option check '''Launch Trader Workstation at start''' box.:* '''Notifications''' section.<br>:::* '''Show Error pop-up Alert'''. Check this box to display error pop-up messages related to the data feed connection.:::* '''Show Pacing Violation pop-up Alert'''. Check this box to receive notifications about hitting Pacing violation (see [[Interactive_Brokers_Pacing_Violation|Interactive Brokers Pacing Violation]]).:::* '''LimitationsShow Delayed Data Alert'''. Check this box to receive pop-up messages about delayed data on the chart.

All :* '''Historical data''' section.<br>There is no need to reconfigure settings in this section. It is set up by default. Advanced users can check/uncheck the following options.::* '''Download historical data.''':::* '''Regular Trading Hours'''. Check the box to have standard trading session for daily-based charts.:::* '''Don’t request Tick data for the intervals with no Minute data'''.<br>If the box is checked, MultiCharts assumes that the listed limitations arise interval that has no minute data from server also doesn’t have tick data.:::* '''Filter bars with zero volume box'''.:::* '''Filter bars with zero price box'''. :::* '''TWS bar timestamp'''.<br>It is not recommended to check this function to avoid possible problems with mixing session settings and missing bars on chart.:::* '''Simultaneous loading of Historical Data across all symbols/charts'''.<br>If the box is checked the data is requested for all symbols simultaneously, not in a particular order.:::* '''Utilization of cache for real-time price data'''.<br><div style="background-color: #E5F6FF;">'''Example''': historical minutes are requested as minutes from server up to the latest one. The latest historical is plotted from ticks up to the present moment. All the data that is collected in real-time (ticks) is used to build minutes.</div><div style="background-color: #dd9914;">'''Note:''' Due to [[Interactive BrokersPacing Violation|IB Pacing Violation limitation]] MultiCharts stores realtime IB quotes in a cache until the restart of the platform. When you reload a chart in order to avoid pacing violation the data is taken from this cache. If you want the data to be directly loaded from IB servers, please disable this option. To make this setting come into effect you need to restart MultiCharts and all of its applications.</div>::* '''Build Tick-based Bars Using:''' either '''1 Tick''' or '''1 Second''' or '''5 Seconds''' data from IB servers.::* '''Build Minute-based Bars Using:' side so they may not always be overcome'' either '''1 Minute''' or '''15 Minutes''' data from IB servers.:* '''Real-Time Data''' section.<br>'''There is no need to reconfigure it. It is set up by default.'''

::* Interactive Brokers provides 24 hours of historical data only''' Include "Unreportable Last" Trades'''. See <br> Check this option for the [[<span style="colorsmall size transactions (less than 1 lot) to be included. :: red;">* '''LINKGenerate a new Tick with Zero Volume upon DailyHigh (DailyLow) update'''.</spanbr> /107_Data_ImportThis option is enabled by default.html name=""; | Importing Data]] section If the discrepancy between DailyHigh (DailyLow) and IB real time data is detected, this option allows for info on gap filling* Interactive Brokers does not provide the day's Open price* Interactive Brokers does not provide timestamps for quotes. Because generation of this limitation a new tick with the program has required price and zero volume to assign eliminate the system time to every quotediscrepancy. Such a workaround may bias When this option is disabled, the true timestamp of the quote by the time difference discrepancy between its sending DailyHigh (DailyLow) and receiving; in most cases the delay IB real time data is fractions of a second* Interactive Brokers does not support receiving data for over 80 symbols per one accountpossible.

== Setting up Symbol Combinations==

# Make sure that the latest version of Since '''Trade WorkstationMultiCharts 11''' that is installed and functioning properlypossible to plot symbol combinations (composites). At the moment combos are available from [[Interactive Brokers]] only.Adding combo-symbols is performed as follows:# Make sure the Open '''Trader WorkstationQuoteManager''' allows interacting with other programs via the '''API''':window#* see [[:Category:QuoteManager# Run '''Trader Workstation'''Opening QuoteManager|how]]## In On the main menu, select '''ConfigureInstrument'''menu, then click select '''APIAdd Symbol'''.## Check Select '''Enable ActiveX and Socket ClientsFrom Data Source'''.# Make sure the Choose '''Socket PortInteractive Brokers''' in from the '''Trader WorkstationData Source''' is the same as in the data source settings:## In list; the '''Configure''' menu, click '''APIInsert Symbols into Portfolio'''window will open.## Select '''Socket Port'''; the default value is '''7496Combinations'''tab.## Run Quote Manager## In Click on the '''ToolsLeg-by-leg Lookup''' menu, click button; the '''Data SourcesCombo Selection'''window will be opened.## Select '''Interactive Brokers''' Choose one of the available symbol tabs and click perform the search for the symbol by using '''SettingsLookup'''. It is possible to select only 2 symbols for a combination.## Compare Once the symbols are selected click '''PortAdd''' with and close the '''Socket PortCombo Selection'''window.# Make sure The selected symbols will be displayed in the '''Server IP addressInsert Symbols Into Portfolio''' is '''127.0.0.1''' if window and it will be possible to specify the '''Trader Workstation''' is running on action (Buy/Sell) and the same computerquantity for each symbol.<br>To connect to '''Trader Workstation''' running on another machine indicate the proper '''IP'''<div style="background-color: #E3FBE5;"> Note: Only charting is available.# Check '''Launch Trader Workstation at start''', if the program Trading such symbols is to be started automatically at boot upcurrently not supported.</div>

<br>To create a symbol using Also, make sure that you set up [[Interactive Brokers Broker Profile|'''Interactive Brokers as the Data Source see broker profile''']] for trading and [[Operating_Symbol_List#Adding Symbol from Data Vendor Supplied ListInteractive Brokers Broker Plug-in|Adding from a list supplied by data vendor'''Interactive Brokers broker plug-in''']] sectionfor auto-trading.

<br>[[Category:Built-in_Data_Sourcesin Data Sources]]