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Q1: What is the purpose of
QUANT2IB software product?
This product can be used to implement automated
trading systems
using MATLAB®, connecting to Interactive Brokers(IB)
Trader WorkStation(TWS). That means, the user must
be a registered user with Interactive Brokers, and
also need a MATLAB® licence.
Traditionally, professional freelance traders use
MATLAB® to perform
historical or realtime market data analysis, and
based on the analysis they would use IB TWS to place
orders manually. Now, using QUANT2IB software
product, traders can place orders from within MATLAB®,
without having to placeorders manually. This will
eliminate unnecessary delays and help write and test
proprietary trading algorithms very easy.
Q2: How do I write automated trading systems using
QUANT2IB
software product? This product provides a set of MATLAB® based
API functions. Follow
the following simple steps to build a trading system
1. Use connect2TWS and open connection to
IB TWS 2. Use
reqMktData and request to receive realtime market
data for a particular symbol. Then, use one of the
market data fuctions like getBidPrice, getAskPrice
or getLastPrice. 3. Use
placeOrder function to place an order.
Use other Order Management API functions like either
to cancel the order (cancelOrder function) or to
check if the order is filled (isOrderFilled
function) 4. At the end of the program, use
disconnectFromTWS function to disconnect and end the
program.
Q3: What is the price and payment options for the
software?
What kind of support is provided? For individual traders, single user licence price is
$599 USD per year.
We prefer payment via PayPal. It is safe and fast.
In case of issues please contact us at
info@exchangeapi.com During the year the following support is provided. 1. Provide support in fixing any QUANT2IB software
bugs
2. In case IB changes its API in a
way that requires QUANT2IB
software changes,
these upgrades will be
provided at no charge.
3. Additional payment is required if you require any
new functionality to
be developed.
Q4: Does the product support automatic handling of
pupups
from IB TWS? Yes. We provide MATLAB® functions to support this
feature. Please refer to TWS
Startup section of documentation.
Q5: How do I install the software?
1.Please extract all the contents of the Zip file into a single folder
2.Type the following command in the MATLAB® command window.
edit classpath.txt
3. Inside the classpath.txt file add the directory name followed by
ibclient.jar For example c:\trading\ibclient.jar assuming you have
unzipped the files to the C:\trading folder...
4. Please make sure that you checked the option of enable activex and
socket clients in the Configure..>API..>Enable Activex and Socket Clients
in the TWS window
5. AUTOMATIC LOGIN
5A)Open IBController.ini and type in your IB login ID under IbLoginID
5B)Get the encrypted password by using the file encryptIBPassword
encryptIBPassword('yourIBpassword');
5C)Copy the resulting IB password into the IBcontroller.ini file
under Ibpassword
5D)Set the directory where the TWS is installed...Usually C:\\JTS
5E)Please set the auto close down and time of close according to your Convenience
5F)Save the file
Type Autostart at the command window.
This brings up an MS-DOS window which would run along with the TWS.
The script will automatically login and presses OK to any pop ups that might appear.
5G)Type Connect2TWS. When the value returned is 1, then the connection has been established between IB TWS and MATLAB®.
5H)Continuous Checking of the connection can be made by testing for
isIBTWSConnectionLost. If the value is 1, then the connection is
LOST, Otherwise, IB TWS and MATLAB® are still connected.
5.A. MANUAL LOGIN
start the IB TWS and login
Type connect2TWS and wait for 15 seconds
Press YES for the pop up button
You should see connected=1 in the command window
From then on you can use the commands given in the ToolBox
Please take a look at the link sample usage usage of various function in the toolbox. |
