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Though there is choice between web-based (Online) and standalone version (Offline), standalone version is recommended for MultiCharts connection. To download Trader Workstation and Gateway, follow this link: | Though there is choice between web-based (Online) and standalone version (Offline), standalone version is recommended for MultiCharts connection. To download Trader Workstation and Gateway, follow this link: | ||
https://www.interactivebrokers.com/en/index.php?f=14099#tws-software | |||
For FOREX trade size should be equal to the amount of units, not trade lots. | For FOREX trade size should be equal to the amount of units, not trade lots. | ||
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==Setting up Interactive Brokers Gateway== | ==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. | # '''IB API''' option should be selected when logging into IB Gateway. | ||
# Click on '''Configure''' in main Gateway window. | # Click on '''Configure''' in main Gateway window. | ||
# Click on '''API''' section. Select '''Settings'''. | # Click on '''API''' section. Select '''Settings'''. | ||
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===General Settings section=== | ===General Settings section=== | ||
'''IP address''' and '''Port''' number | '''IP address''' and '''Port''' number | ||
'''ClientID'''. “0” by default. If there is another trading platform running on your computer that is connected to IB TWS, it is recommended to change the corresponding value in that piece of software. | '''ClientID'''. “0” by default. If there is another trading platform running on your computer that is connected to IB TWS, it is recommended to change the corresponding value in that piece of software.<br> | ||
<br>Starting from MultiCharts 11, IB TWS can be launched automatically by MultiCharts on attempt to connect IB broker profile. To enable this option check <b>Launch Trader Workstation</b> at start box. | |||
===Default Order Settings section=== | ===Default Order Settings section=== | ||
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* '''DAY''' | * '''DAY''' | ||
: Order is canceled if it is not executed by the close of the trading day. DAY is set as default; or: | : Order is canceled if it is not executed by the close of the trading day. DAY is set as default; or: | ||
* '''GTC''' (Good- | * '''GTC''' (Good-Til-Cancelled) | ||
: Order remains active until it is cancelled. | : Order remains active until it is cancelled. | ||
* '''IOC (Immediate-or-Cancel)''' | * '''IOC (Immediate-or-Cancel)''' | ||
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===Connection Settings section=== | ===Connection Settings section=== | ||
''' | '''Disconnect the broker profile (stop auto trading) in X seconds after IB TWS is logged off.''' | ||
In case of the connection loss | In case of the connection loss the broker profile will be disconnected after the specified period of time if the connection is not re-established, as the result the auto-trading will be turned off. | ||
===Financial Advisor Settings=== | ===Financial Advisor Settings=== | ||
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: '''Account:''' only 1 account of the group should be specified to send all the orders directly on this account. | : '''Account:''' only 1 account of the group should be specified to send all the orders directly on this account. | ||
<div style="background-color: #E3FBE5;">'''Note:''' Interactive Brokers do not provide Realized PnL for multi-accounts in 3rd party apps like MultiCharts due their API specific.</div> | |||
==How stop orders work== | ==How stop orders work== | ||
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<div style="background-color: #E3FBE5;">'''Note: On IB Live account you can send Stop orders directly to the exchange (green in TWS).''' | <div style="background-color: #E3FBE5;">'''Note: On IB Live account you can send Stop orders directly to the exchange (green in TWS).''' | ||
<br>Enable "Use outside RTH tag" to do that. In order to send multiple orders directly to the exchange "Use Native OCO Group" should also be disabled.</div> | <br>Enable "Use outside RTH tag" to do that. In order to send multiple orders directly to the exchange "Use Native OCO Group" should also be disabled.</div> | ||
<div style="background-color: #F0F8FF;">After the broker profile is set up, you can select it for trading, see the '''[[How to Select a Broker Account For Trading]]''' guide.</div> | |||
[[Category:Broker Profiles]] | [[Category:Broker Profiles]] |