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Wes Smith

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Posts: 199

Joined: 10/11/2012
Location: Ontario,Canada

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Subject : IB Gateway
Posted : 3/29/2013 8:46 AM
Post #25051 - In reply to #25050

IB Gateway is a slimmed down TWS application that runs on your desktop.
It's only for automated systems like the Trade Processor.
This has a few advantages... and a few big 'gotchas'

Advantages... It's made for 7/24 automated systems
1) It does not have a daily forced reset like TWS does. It will run 24/7 if needed.
2) It uses much less memory than TWS. This can become important if you want to run on a small 'cloud' machine.

Disadvantages ... You can't monitor your account while it's logged in.
1) It is for order entry only.
-You cannot view trades, orders, positions.
-You cannot used it to confirm trades or any TP activity.
-You cannot login anyplace else with the same userid

This makes using it a little scary/awkward.. As most of us would like to be able to work on our accounts while TP/IB Gateway are connected.

There is a solution for this ... in the next post.

[Edited by Wes Smith on 3/29/2013 8:49 AM]

Deleting message 25051 : IB Gateway


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