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Setting up a broker
for trading
RightEdge is highly flexible with regard to brokers. Each broker is a separate
plugin so that RightEdge can communicate with any broker that provides an SDK or
API. In this example, we'll set up a broker plugin fro Interactive Brokers.
An Interactive Brokers customer has access to broker services that can be used by
RightEdge.
To setup an Interactive Brokers data source, first select the Configure Services
( ) option.
To add a new service, click the New... button. A wizard prompting for
information that this service needs will follow.
Note: If you've already configured a data provider (real-time or
historical) that uses Interactive Brokers, it's only necessary to configure this
one time.
Select the Interactive Brokers service from the Available Service Plugins
list. Enter a name into the Friendly Name field. This is how
the name will appear when configuring a watchlist and assigning services to that
watchlist. For this example, we're naming the service "Interactive Brokers".
Click Next to configure the service settings. For Interactive Brokers,
there are no further settings required. Since RightEdge communicates with
Interactive Brokers through Trader Workstation (TWS), TWS manages the connection.
And as an additional note, TWS must be up and running for RightEdge to retrieve
data from Interactive Brokers.
At this point, the Interactive Brokers data service is configured.
Now we can assign this broker service to a watchlist folder. If you're not
yet familiar with configuring watchlist, please review the
Watchlist FAQ section now.
Now we can assign our newly created Interactive Brokers service to a Watchlist
item. To begin, right click any folder in the Watchlist and select Configure
Folder. The broker services are configured on the Services tab.
Click the Services tab to associate the new Interactive Brokers service
with this folder as highlighted below.
Finally, we can use Interactive Brokers as a broker plugin. To run a live
system, simply place a check next to the folder that you've assigned the "Interactive
Brokers" service to and click the Start Live System button ( ).
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