Spent the last 6 months backtesting, and am getting ready to go live on a paper account. I have been able to find an answer to almost everything I've needed on this helpful forum, but I have a few concerns about some things I want to make sure I get right now that I'm moving towards a live strat.
I am with IB. The strategy trades 24/5, enters on a market order and exits with market stops only.
My initial concerns are about how to handle disconnections, specifically the sync account settings.
Also, because all my exits are with stop orders and it trades after RTH, I'm wondering about order simulation. From what I understand, during RTH IB will hold my stops on their servers, but after hours I don't think stop market orders are supported at all. Does this mean I have to have my code switch to simulate order = true after RTH?
And back to the disconnects then, I would like to have NT email me immediately on disconnection, and then upon reconnection only close a position if the price is below the stop. During RTH this won't be an issue, because the stop is at IB, but after hours the strategy will be simulating the orders, so it needs to re-read the orders, figure out where the strat should be, figure out my account position, and then submit the market order if the price is below it. Now, that being said, If I can access my TWS in time and see the price is about to penetrate the stop, and I exit it manually, when NT reconnects it will put me in the market in the opposite direction. I need some guidance on what is the best way to handle the situation. Are the sync account position setting available through code so I can change this based on market hours?
Lastly, where does if Historical = true/false play into this, I need my strategy to look back a handful of bars to setup a trade. Does this stop the looking back, or just placing of non current bar orders?
Thanks in advance to whoever helps me with this. I'm excited to get trading live after hundreds of hours of development.
I am with IB. The strategy trades 24/5, enters on a market order and exits with market stops only.
My initial concerns are about how to handle disconnections, specifically the sync account settings.
Also, because all my exits are with stop orders and it trades after RTH, I'm wondering about order simulation. From what I understand, during RTH IB will hold my stops on their servers, but after hours I don't think stop market orders are supported at all. Does this mean I have to have my code switch to simulate order = true after RTH?
And back to the disconnects then, I would like to have NT email me immediately on disconnection, and then upon reconnection only close a position if the price is below the stop. During RTH this won't be an issue, because the stop is at IB, but after hours the strategy will be simulating the orders, so it needs to re-read the orders, figure out where the strat should be, figure out my account position, and then submit the market order if the price is below it. Now, that being said, If I can access my TWS in time and see the price is about to penetrate the stop, and I exit it manually, when NT reconnects it will put me in the market in the opposite direction. I need some guidance on what is the best way to handle the situation. Are the sync account position setting available through code so I can change this based on market hours?
Lastly, where does if Historical = true/false play into this, I need my strategy to look back a handful of bars to setup a trade. Does this stop the looking back, or just placing of non current bar orders?
Thanks in advance to whoever helps me with this. I'm excited to get trading live after hundreds of hours of development.
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