Is it possible to send orders to IB in EFS directly

[clearpicks]

without the need to go through something like dynaorder? If so, which APIs should I use? Thanks.

[Doji3333]

Both work...

Both EFS and DO for IB work perfectly. I have used them both.

The instructions in the DOCs file should help you with EFS. There is also one TYPO....

trade.Buy(getSymbol(),100,IBrBroker.MARKET)

should be...

trade.Buy(getSymbol(),100,IBBroker.MARKET)

Brad

[clearpicks]

Re: Both work...

Brad,


Where are the DOC files ( hep file? )? Could you give me the URL? I am sure I saw it somewhere before, but can not recall where I saw it. Thanks.


Clearpicks

Originally posted by Doji3333
Both EFS and DO for IB work perfectly. I have used them both.

The instructions in the DOCs file should help you with EFS. There is also one TYPO....

trade.Buy(getSymbol(),100,IBrBroker.MARKET)

should be...

trade.Buy(getSymbol(),100,IBBroker.MARKET)

Brad

[eSignal_JasonK]

Hello Clearpicks,

They are in your local directroy.

...\eSignal\Docs\IBEFS.doc

[clearpicks]

What is the pros and cons of using IBEFS and Dynaorder? Which one is more stable and fast? Is there anybody using them? Thanks.


Clearpicks

Originally posted by JasonK
Hello Clearpicks,

They are in your local directroy.

...\eSignal\Docs\IBEFS.doc

[Doji3333]

My opinion....

The EFS_IB code is fast and clean. It allows you to place BUY and SELL orders for MARKET and LIMIT orders. It is a clean solution if your system controls everything internally (ie, stops, profit targets and order placement).

The drawback to the EFS_IB code is that it does not allow you to cancel previously placed orders. So, if you place a limit order and want to cancel it from within your code - there is no way to accomplish this.

Dynaorder does provide more functions for a more robust system (EFS), but is also adds a third interface with which to interact. there are also some tricks with DO to make everything work perfectly.

For example...

Trading Stocks with DO, you have to use the "D" functions and force a manual "rounding" to the values you use in your code. In other words, you have to force your EFS to handle alot of the number manipulation for STOCKS.

Trading Futures with DO, you DON'T use the "D" functions and still have to round your prices (if necessary) to the proper Decimal value.

DO also provides for placement and canceling of STOP, LIMIT, TRAILING orders - which can be very handy at times.

Brad

[clearpicks]

Doji.

Thanks. I assume IBEFS only support IB's smartrouting, right?


Clearpicks

[Doji3333]

SmartRouting..

I believe you are correct. But you can refer to the DOCs folder for more information.

Brad

[dynastore]

The "SMART" routing is required for any 3rd party application by IB API, so both Dynaorder and built-in IB Broker require to use "SMART" as Exchange parameter for Stock and Options orders.

[pretzel]

order based on bid or ask

The example in the doc file is based on the close.

trade.Sell(getSymbol(),200,IBBroker. LIMIT, close())

What if I want to enter a limit order based on the bid or the ask?

Is this possible?

trade.Sell(getSymbol(),200,IBBroker. LIMIT, bid())

Thanks,

pretzel

[eSignal_JasonK]

Hello Pretzel,

Use getMostRecentBid() instead. bid() isn't a defined function in EFS.