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To connect MultiCharts to Interactive Brokers (IB) data feed, it is necessary to have IB software installed and running on the computer.
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When the connection is configured correctly, MultiCharts launches IB software automatically when data is requested. IB has 2 applications that can be used for connection to connect MultiCharts to IB:
# IB Trader Workstation (requires 1 logout per 24 hours).
# IB Gateway.
<div style="background-color: #E3FBE5;">'''Note''': Java version 7 is strongly recommended for IB software to work correctly.</div>
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Though there is a choice between web-based and standalone version, standalone version is recommended to use.
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To download IB Trader Workstation and IB Gateway, follow this link: https://www.interactivebrokers.com/en/index.php?f=14099#tws-software
==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'''. Enable Check this option 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]]).:::* '''Show Delayed Data Alert'''. Check this box to receive pop-up messages about delayed data on the chart.
:* '''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.
:* '''Real-Time Data''' section.<br>'''There is no need to reconfigure it. It is set up by default.'''
::* ''' Include "Unreportable Last" Trades'''.<br> Check this option for the small size transactions (less than 1 lot) to be included.
::* ''' Generate a new Tick with Zero Volume upon DailyHigh (DailyLow) update'''.<br>This option is enabled by default. If the discrepancy between DailyHigh (DailyLow) and IB real time data is detected, this option allows for the generation of a new tick with the required price and zero volume to eliminate the discrepancy. When this option is disabled, the discrepancy between DailyHigh (DailyLow) and IB real time data is possible.
