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MotiveWave.com

Interactive Brokers Connection

Available for Windows, macOS and Linux.

Interactive Brokers provides real-time and historical data for stocks, options, futures, forex, bonds, CFDs, warrants and funds on 80 markets. See www.interactivebrokers.comarrow-up-right for more information and their pricing plans.

In order for MotiveWave® to work with Interactive Brokers, you will first need to install the Interactive Brokers’ Trader Workstation (TWS) Standalone and then create a Workspace in MotiveWave® for Interactive Brokers.

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Data Limitations

Interactive Brokers places the following limitations on realtime and historical data accessible to 3rd party applications

  1. Pacing Violations – TWS limits the number of requests for data. It too many requests for data occur in a short period of time, you may see error messages indicating “Pacing Violation”. If this happens you may need to wait a few minutes before trying to load data again.

  2. Real Time Quotes – TWS does impose limits on the number of active tickers you have in MotiveWave® (typically around 100). Additional booster packs can be purchased from IB to work around this issue: Booster Packsarrow-up-right.

  3. Delayed Data Not Supported – TWS does not provide access to delayed historical data and quotes.

For more details on these limitations see IB Data Limitationsarrow-up-right.

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Installing Interactive Brokers Trader Workstation (TWS) Standalone

  1. Account Setup – If you do not have an Interactive Brokers account, you will need to create an account with Interactive Brokers through wwarrow-up-rightw.interactivebrokers.comarrow-up-right. If you already have an account with Interactive Brokers, have your username and password ready.

  2. Install TWS – If you have not done this already, you will need to install Interactive Broker’s Trader Workstation (TWS). You can do this from: https://www.interactivebrokers.com/en/index.php?f=14099arrow-up-right

  3. Log Into TWS – Start TWS and enter your login credentials. (Note: TWS must be running in order for MotiveWave® to work)

  4. Configure API Settings – You will need to click on the ‘Configure’ button on the TWS toolbar (see screenshot below). The API will need to be enabled for MotiveWave® to connect. See API Settings screen shot below.

  5. Select API > Settings from the menu on the left.

    • Make sure the following settings match the image below

      • Enable ActiveX and Socket Clients

      • Disable Read-Only API

  6. Under Trusted IP Addresses:

      • Click the Create button.

      • Type in 127.0.0.1 and click OK (This is your local machine IP address).

    • Click OK to save the API Settings.

  7. Leave TWS running and go back to MotiveWave®.

Screenshot for Step 4 – Configure API Settings:

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Configuring the Workspace In MotiveWave®

The following is the Workspace dialog in MotiveWave®. In general you should keep the default settings unless you have modified these in TWS. The Client ID field should be set to 0 unless there is a conflict with another charting application.

The Interactive Brokers Workspace setup is now complete. To run MotiveWave® with Interactive Brokers, just make sure you have started TWS and logged in before starting/running the Interactive Brokers Workspace in MotiveWave®.

Advanced Settings

One way to work around the data limitations with TWS is to load historical and/or real time data from a third party data service. This option can be configured by clicking on the Advanced button from the Workspace dialog.

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