Automated Scalping System

[laocoon]

Hi

I'm planning to develop an automated scalping system using the Time & Sales data as well as a custom EFS file as main indicators.

It is crucial that the system is extremely fast & reliable, since the average trade lasts less than a minute.

My question now is: what is the best way of developing such a system, knowing that trade execution will be handled by the TWS of Interactive Brokers. Is it eSignal's EFS language, eSignal's Active X API, or is there another way?

Thanks a lot.

[GenSpoo]

I believe you can use the TWS plugin for eSignal to place trades from within EFS. That isn't something I've ever done personally though. I have used the Desktop API coupled with the TWS API to do exactly what you are looking to do. It is possible. As to which to use, that probably depends more on you and what you feel comfortable programming in (EFS, C#, VB, etc.). As I'm sure you are aware, you can't access EFS from the Desktop API.

Cheers... George