Interactive Broker's API

Skills: Interactive Brokers TWS API Python Requirements Build a python program to connect Interactive Brokers TWS with API for making trading orders: 1. The program can monitor market price 2. The program can make limit orders, market orders or bracket orders with predetermined custom inputs 3. The program can make up to 5 orders at the same time 4. When a stop-loss or profit-taking order is triggered, cancel the corresponding bracket order 5. After an order is executed, make an alert via email and phone call 6. The inputs for the program can be adjusted at any time 7. The program can be started or stopped manually at any time 8. Write detailed implementation procedure and test with demo accounts The inputs are: 1. Time 2. Position Size 3. Securities 4. Trigger 5. Action 6. Stop-loss price 7. Profit-taking price = market price + market price - stop loss price 8. The program can run up to 5 modules simultaneously for different securities and orders. Modules are started and stopped independently. Example 1 – Long Order: Inputs: Time 12:00 Size 5M Security [login to view URL] Tigger Above 1.10 Action Buy Stop-loss order 1.09 Profit-taking order Market price at 12:00 – 1.09 + Mkt price at 12:00 For example, before 12:00, I started the program with the following inputs: at 12:00, if the price for [login to view URL] is above 1.10, make a buy market order and a bracket order. The stop-loss price is 1.09 and the profit-taking price is at ((market price – 1.09)+market price). Position size is 5M Hypothetical scenario 1: At 12:00, the market price of EURUSD is 1.1010, the program automatically buy 5M [login to view URL] at market price with STP 1.09 & TP 1.1112 ((1.1010-1.09)+1.1010). Then the program make both email and phone call alerts. After 12:00, if the stop-loss order is executed, the program cancel the corresponding profit-taking order simultaneously. The program module for this security stops. Hypothetical scenario 2: At 12:00, the market price of EURUSD is 1.0987, the program does nothing because the market price does not reach the trigger. The program module for this security stops. Example 2 – Short Order: Inputs: Time 12:00 Size 5M Security [login to view URL] Tigger below 1.10 Action Sell Stop-loss order 1.11 Profit-taking order Market price at 12:00 – 1.11 + Mkt price at 12:00 For example, before 12:00, I started the program with the following inputs: at 12:00, if the price for [login to view URL] is below 1.11, make a sell market order and a bracket order. The stop-loss price is 1.11 and the profit-taking price is at ((market price – 1.11)+market price). Position size is 5M. Hypothetical scenario 1: At 12:00, the market price of EURUSD is 1.0987, the program automatically sell 5M [login to view URL] at market price with STP 1.11 & TP 1.0874 ((1.0987-1.11)+1.0987). Then the program make both email and phone call alerts. After 12:00, if the profit-taking order is executed, the program cancel the corresponding stop-loss order simultaneously. The program module for this security stops. Hypothetical scenario 2: At 12:00, the market price of EURUSD is 1.1056, the program does nothing because the market price does not reach the trigger. The program module for this security stops.