I'm trying to auto-trade a strategy on Interactive Brokers that uses daily bars. What is the best way to automate this? I've read the manual and can't seem to figure this out.
I actually have 2 live positions today, but I sent them via the strategy window. I don't see anywhere for my exit signals for these 2 positions. It will mainly trade on the open, but I do have a stop-loss in-case of any large adverse moves and I don't see that listed anywhere for my current trades. Help?!
I actually have 2 live positions today, but I sent them via the strategy window. I don't see anywhere for my exit signals for these 2 positions. It will mainly trade on the open, but I do have a stop-loss in-case of any large adverse moves and I don't see that listed anywhere for my current trades. Help?!
Rename
Where's the Strategy? Is it C# coded or Blocks? Do you have Same-bar exists enabled? Generally, not enough information to answer anything.
I didn't want to post the strategy publicly b/c this is how I'm going to become a billionaire hehe. I'll post a slightly dumbed down version in a minute.
How do I enable same day exits?
How do I enable same day exits?
It's not available in Building Block strategies, but it's explained in this video:
https://www.youtube.com/watch?v=DtU-sDJNnfI
https://www.youtube.com/watch?v=DtU-sDJNnfI
Okay, thanks. I can't code, which is one of the reasons that I was drawn to wealth lab.
I guess I have a new feature request then...Same day building block exits.
I guess I have a new feature request then...Same day building block exits.
If I place a stop at IB that could trigger same-day, would that mess up the ability of Wealth lab to track my positions and sync with IB?
For Same-bar exits from Building Blocks, add your vote to the starter post here -
https://wealth-lab.com/Discussion/Same-Bar-Profit-Stops-for-Building-Blocks-9326
https://wealth-lab.com/Discussion/Same-Bar-Profit-Stops-for-Building-Blocks-9326
QUOTE:It depends what you mean, precisely. Yes, the strategy will be out of sync with live positions if you take a same-bar exit. Does it matter? Practically speaking, no. But you need to study and choose the most appropriate sync options for your strategy. You can always be in sync with Live Positions if you use that option, but there are considerations to know - see the User Guide > Trading Prerferences.
If I place a stop at IB that could trigger same-day, would that mess up the ability of Wealth lab to track my positions and sync with IB?
Okay, I have another dumb follow up question as my strategy has run for a couple days now. Can those stop and limit exits exit intraday on the day after entry? Or will a daily strategy only trade off of signals on the close?
Hi Moptop, stop and limit orders will execute intraday. They’ll get filled by the broker (intra-bar) as soon as the price reaches the designated order price.
And to be clear, you need to enter the orders (which have a DAY TIF) every day before the market opens for End-of-Day (Daily+) strategies.
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