IBKR Python API for Algo Trading

Essential Components of IBKR TWS API Programs

This video explores the essential components of IBKR Python API Algo program. This includes the API classes EClient and EWrapper, a function call to create a connection to TWS, and a run loop for processing returned messages in the queue.

Next, we walk through a simple “Hello World” example which implements each of these components. This allows the program to send a query for details about a financial instrument and then print received details to the console.

We then discuss the more comprehensive sample program “Program.py,” which is included with the API download and shows the syntax of all API functions.

Finally, to learn more about our Python IBKR API, see the first two short videos in this series: What is the TWS API? and Installing & Configuring TWS for the Python API, which lays out the groundwork for Python programming.

For the entire course on how to use IBKR Python API for Algo Trading, visit the Traders’ Academy.

Disclosure: Interactive Brokers

The analysis in this material is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by IBKR to buy, sell or hold such investments. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Interactive Brokers LLC, its affiliates, or its employees.

Any trading symbols displayed are for illustrative purposes only and are not intended to portray recommendations.

In accordance with EU regulation: The statements in this document shall not be considered as an objective or independent explanation of the matters. Please note that this document (a) has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and (b) is not subject to any prohibition on dealing ahead of the dissemination or publication of investment research.

Disclosure: Order Types / TWS

The order types available through Interactive Brokers LLC’s Trader Workstation are designed to help you limit your loss and/or lock in a profit. Market conditions and other factors may affect execution. In general, orders guarantee a fill or guarantee a price, but not both. In extreme market conditions, an order may either be executed at a different price than anticipated or may not be filled in the marketplace.

Disclosure: Margin Trading

Trading on margin is only for sophisticated investors with high risk tolerance. You may lose more than your initial investment.

For additional information regarding margin loan rates, see ibkr.com/interest