Hi all,
?
I am building an app (Java) that scans for and ranks calls/puts
by intraday price action.
?
It¡¯s going okay so far, I am at the point where I can
successfully get the currentTime and print it to the console.
?
I am going to list the steps that will involve the TWS API
and I would like you fine folks to give me some guidance as to how to best
achieve each step. I am also using IEX API and will indicate where I will use
their service instead of TWS.
?
1.??????
Get a list of all stock symbols on the market
(IEX gives me around 9000 symbols)
2.??????
For each symbol x determine if x has any options
contracts (Does TWS have a function for this?)
3.??????
Collect and store lastPrice for all option
calls/puts repeatedly through the day(I¡¯m okay with this part I think)
4.??????
Do slope math on movements recorded in step (3) ?(I¡¯m okay with this too)
5.??????
Rank contracts (I¡¯m okay with this)
6.??????
Print list of top 10ish by performance at
various times throughout the day (I¡¯m okay with this)
?
I am mainly concerned with steps (2) and (3). I know that
IEX has the capability to tell me which ticker symbols have calls and puts on
them. However, it¡¯s relatively expensive so I would really like to find out how
to use TWS API to do this.
As for step (3) I don¡¯t know enough to know if my operation will bog down the
TWS server. I¡¯m aware that we can only have 32 clients going and I think the
limit is 50 messages per second? If I have 25 clients each making calls slower
than 2 calls per second does that mean I will be okay?
I bought the kindle version of Scarpino¡¯s book so if you¡¯d
rather point me to good sections there than explain it yourself, I get it.
Thank you all for reading and for any help that might be
given.
?
PS: You can get an idea of my level of sophistication as a
programmer (i.e. not very), you can check out the results from my long-term
investment app at this dropbox link:
