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best trading platform for IB

 

To All:

I'm wondering if anyone can shed light on sharing their experiences with what they think is the best third party platform to trade using IB. I would really like a platform that has some great CUSTOM charting software; namely charts I can draw horizontal lines (or price levels) from a beginning point (or origin), but not 'earlier' than that particular beginning point. For example, if a certain stock hit a low of x price on a certain date in the past, the charting tool(s) will allow me to draw a horizontal line that begins on the low of that date up to the present but not EARLIER than that point. I'm wondering if Tradestation can do this. Furthermore, I would really appreciate any feedback and opinions traders might offer as to which is the best platform they've ever been exposed to. Many thanks to anyone who might be able to help.
Nick
 

¿ªÔÆÌåÓý

NinjaTrader is free for charting so you can give that a try for no risk. If you want to place orders from NinjaTrader you would need a paid version.


On 8/2/2021 2:07 PM, conrad modica via groups.io wrote:

To All:

I'm wondering if anyone can shed light on sharing their experiences with what they think is the best third party platform to trade using IB. I would really like a platform that has some great CUSTOM charting software; namely charts I can draw horizontal lines (or price levels) from a beginning point (or origin), but not 'earlier' than that particular beginning point. For example, if a certain stock hit a low of x price on a certain date in the past, the charting tool(s) will allow me to draw a horizontal line that begins on the low of that date up to the present but not EARLIER than that point. I'm wondering if Tradestation can do this. Furthermore, I would really appreciate any feedback and opinions traders might offer as to which is the best platform they've ever been exposed to. Many thanks to anyone who might be able to help.

 



Thanks Nick. Have you tried other platforms?
On Monday, 2 August 2021, 02:29:04 pm GMT-4, Nick <news1000@...> wrote:


NinjaTrader is free for charting so you can give that a try for no risk. If you want to place orders from NinjaTrader you would need a paid version.


On 8/2/2021 2:07 PM, conrad modica via groups.io wrote:

To All:

I'm wondering if anyone can shed light on sharing their experiences with what they think is the best third party platform to trade using IB. I would really like a platform that has some great CUSTOM charting software; namely charts I can draw horizontal lines (or price levels) from a beginning point (or origin), but not 'earlier' than that particular beginning point. For example, if a certain stock hit a low of x price on a certain date in the past, the charting tool(s) will allow me to draw a horizontal line that begins on the low of that date up to the present but not EARLIER than that point. I'm wondering if Tradestation can do this. Furthermore, I would really appreciate any feedback and opinions traders might offer as to which is the best platform they've ever been exposed to. Many thanks to anyone who might be able to help.

 

I can recommend ProRealTime for that type of chart work.? It will snap the beginning of the line to the price of the candle (or wick).
Screen Shot 2021-08-02 at 9.15.17 PM.png
It uses IBKR as the backend for trading execution.? You do not have to have IB TWS nor Gateway open.


Le?lun. 2 ao?t 2021 ¨¤?20:39, conrad modica via <modica06=[email protected]> a ¨¦crit?:


Thanks Nick. Have you tried other platforms?
On Monday, 2 August 2021, 02:29:04 pm GMT-4, Nick <news1000@...> wrote:


NinjaTrader is free for charting so you can give that a try for no risk. If you want to place orders from NinjaTrader you would need a paid version.


On 8/2/2021 2:07 PM, conrad modica via wrote:
To All:

I'm wondering if anyone can shed light on sharing their experiences with what they think is the best third party platform to trade using IB. I would really like a platform that has some great CUSTOM charting software; namely charts I can draw horizontal lines (or price levels) from a beginning point (or origin), but not 'earlier' than that particular beginning point. For example, if a certain stock hit a low of x price on a certain date in the past, the charting tool(s) will allow me to draw a horizontal line that begins on the low of that date up to the present but not EARLIER than that point. I'm wondering if Tradestation can do this. Furthermore, I would really appreciate any feedback and opinions traders might offer as to which is the best platform they've ever been exposed to. Many thanks to anyone who might be able to help.

Nick
 

NinjaTrader is the only platform I have used. I used it because the charts were way better for me than the TWS charts.

I haven't researched this in a while but there used to be a handful of platforms that work with IB.

On 8/2/2021 2:39 PM, conrad modica via groups.io wrote:
Thanks Nick. Have you tried other platforms?
 

I have used MulitCharts quite a bit.? Charting is sophisticated and can do what you're asking above. It also has a powerful module for Portfolio trading (as part of their 'Advanced Strategy Pack'), but it doesn't quite handle thousands of instruments, which is why I moved to writing my own API client.? From an IB point of view you have to manually? map every instrument from your data source to IB broker (if you're not using IB for data) - this is incredibly time consuming (I had to write a screen based macro to do it for thousands of instruments).? MC also costs quite a bit of money, from memory about US$2k with the ASP.??
 

Thanks a lot Dave. I'll be looking into that concept you explained. It would be ideal if only I had to do my chart work on one platform and have it automatically transfer to my trading platform.


On Tuesday, 3 August 2021, 07:38:44 pm GMT-4, david.walker <david.walker@...> wrote:


I have used MulitCharts quite a bit.? Charting is sophisticated and can do what you're asking above. It also has a powerful module for Portfolio trading (as part of their 'Advanced Strategy Pack'), but it doesn't quite handle thousands of instruments, which is why I moved to writing my own API client.? From an IB point of view you have to manually? map every instrument from your data source to IB broker (if you're not using IB for data) - this is incredibly time consuming (I had to write a screen based macro to do it for thousands of instruments).? MC also costs quite a bit of money, from memory about US$2k with the ASP.??

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