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My old IB setup was like followings (and I was pretty happy with it).
One dedicated machine with TWS-demo running 24x6 on it.
NinjaTrader running on same machine; running cool charts, indicators, custom blogging and alerts.
For trading, I was either using TWS or mobileTWS (if I'm not at desk).
The new policy blocks the data feed in demo account if you also login into your real account. That pauses my charts and alerts...
Running TWS-live on same computer is no biggie but my charting/alerting stops every-time I connect from mobile and this is pretty disturbing. Looks like IB folks have made some assumption that traders will be glued to desk whole 24x6.
I'm not a scalper so need not to worry about latency; 3m charts is the lowest I see. Mobile TWS was really handy in placing / managing swing orders. I miss it very much.
I love IB; won't look at other brokers ever. I've this bias coz of my engineering background - your mileage may differ.
1. API + free data feed (waived if you are actively trading).
2. Ultra low commission. I can do a round-trip lot of 200 shares for less than 60 cents. Round trip ES for $4.
Cost plus and I was always tring to add liquidity; ISLAND was great for liquidity reward and fill is non-issue if you are trading in very liquid stocks. It becomes expensive if your stop gets hit (remove liquidity). 95%+ of my orders were LMT so it was a great saving. Try it - you'll love it. Warning: low commission can make you over-trade.
Haven't traded stocks for more than a year or so my calculation could be little off.
As a licensed distributor of exchange market data, IB is obligated to respect constraints imposed by the exchanges which serve to govern the dissemination and/or retransmission of this data. As a general rule, a given subscription can be associated with only one account or user ID, although the sharing of that user ID between different devices (e.g., stand-alone PC, smart phone) is permitted as long as the user ID does not access multiple devices simultaneously.
Accordingly, clients seeking to simultaneously operate both live and paper trading account TWS sessions must do so on the same device in order to share a given market data subscription. If concurrent logins on different devices are detected, the live account session will be afforded the real-time market data subscriptions and the paper trading account session delayed data, as available.
I'm not an IB customer yet, but can someone clarify this for me...
I was planning on using NT on one (remote or local) machine connected to IB and using a mobile device or another (local) machine to monitor trading activity and performance via IBs mobile app or TWS.
The new policy says, that you will receive delayed data in case your paper account is connected concurrently from another machine than your real live account. Allright.
The problem is, that I am getting delayed data (except for Forex) in my paper account even I am NOT connected to my real live account at all. WTF!???