If you are already well acquainted with Excel then this step shouldn’t be too difficult but it will involve some careful consideration. Think about how you can turn your trading rules into formulas you can use in Excel. This and a copy of Excel is the only trading robot software you will need to automate your trading. TWS Latest is now available for most operating systems, including Windows 64-bit and Mac OS.
Once you’ve downloaded the API you can proceed to download IB’s trading platform software Trader Workstation Latest (TWS): The API software can be downloaded from the following link: The API allows the Trader Workstation (TWS) application to talk to Excel and is a prerequisite for building your automated trading system.
HOW TO DOWNLOAD IB TRADER WORKSTATION INSTALL
Download and install the Interactive Brokers Excel API. To open an account with Interactive Brokers is straightforward via this link and is open to citizens of most countries around the world. A minimum deposit of USD 10,000 or USD 5,000 for IRA Account is typically required. If you want to automate your trading, then Interactive Brokers is the best choice. IB is also the largest US electronic broker offering stock commissions of just $1 and a vast array of markets. Interactive Brokers are the only brokerage which offers an Excel API that allows you to receive market data in Excel as well as send trades from Excel. Open an account with Interactive Brokers.
HOW TO DOWNLOAD IB TRADER WORKSTATION HOW TO
How To Create Your Own Trading Robot In Excel In 10 Steps 1. In the rest of this article, I have teamed up with Peter to show you the steps needed to create your own trading system in Excel. Peter has also put together a comprehensive course that goes through each step in detail. He taught me how to create algorithmic trading rules and alerts in Excel, how to size trades and how to send them directly to my Interactive Brokers account using the API. A series of logical steps that took me from beginner to advanced. That changed last year when I was introduced to Peter Titus, a professional trader and expert in automation. Despite creating a number of useful trading systems in the past I have repeatedly hit a brick wall when it comes to implementing automation. Unfortunately, the pathway to creating an automated trading robot is a long one. You can trade quicker, smarter and without emotion. With a profitable trading robot you can spend more time doing what you enjoy and less time watching screens.
The benefits of creating an automated trading system are huge.
By Joe Marwood How to Lists Strategies/ Systems February 17, 2017