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====Setting up connection to Interactive Brokers Trader WorkStation====
====Setting up connection to Interactive Brokers Gateway====
====Setting up Interactive Brokers Profile====
=====General Settings section=====
=====Default Order Settings section=====
=====OCO Group section=====
=====Connection Settings section=====
=====Financial Advisor Settings=====
no edit summary
<div style="background-color: #E3FBE5;">Click [http://www.multicharts.com/downloads/tutorials/ib_broker.mp4 here] to see the video tutorial on how to connect Interactive Brokers Broker Profile.</div>
To connect MultiCharts to Interactive Brokers (IB), it is necessary to have IB software installed and launched on the computer. IB provides two applications that can be used for connection to MultiCharts:
Interactive Brokers Profile is already created when MultiCharts is installed. It is not necessary to reconfigure its settings if only one IB account is going to be used with no subaccounts, but it is Important to set up connection parameters in IB TWS.
'''Enable Active X and Socket Clients''' box should be checked in IB TWS settings:
It is recommended to add '''127.0.0.1''' to '''Trusted IP Addresses'''.
'''IB API''' option should be selected when logging in to IB Gateway.
It is recommended to add '''127.0.0.1''' to '''Trusted IP Addresses'''.
In the '''Properties Interactive Brokers''' window (see [[Broker Profiles Overview#Managing Broker Profiles|Managing Broker Profiles]]) enter the information provided by Interactive Brokers.
On the Settings tab the following parameters are available:
'''IP address''' and '''Port''' number
'''Client ID'''. “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.
'''Time in Force''':
* '''DAY'''
* '''Exit Orders'''
'''Use Native OCO Group'''
Turn on this function to use native OCO group realized by Interactive Brokers, otherwise, OCO group is emulated by MultiCharts.
Turn on to send only one order of an OCO group to the exchange. Other orders of this OCO groups will be held and monitored in TWS. If this option is disabled all orders of the OCO group are sent to the broker.
'''Disable auto trading after X seconds on the connection loss.'''
In case of the connection loss turns auto-trading off after the specified period of time if the connection is not re-established.
To set up Financial Advisor account, select the '''Financial Advisor Settings''' tab.
: '''Account:''' only 1 account of the group should be specified to send all the orders directly on this account.
