Amibroker Automated Trading – Enhancing Algo Trade Live (Automate Strategy In Interactive Brokers)

This article looks at how to trade live and automated with Amibroker via Interactive Brokers. We have been using Amibroker for live automated trading for a few years, without any problems worth mentioning.

Automatic trading with Amibroker and Interactive Brokers is relatively easy. You need to address a few issues to make a robust code for sending and sorting your trades. For a fee, we offer a simple script that gets you started pretty fast with automatic trading at Interactive Brokers. Fortunately, trading your strategies live and automated with Amibroker is not as difficult as it sounds.

All backtesting and system development on this website is done with Amibroker. Despite its cheap price, we believe Amibroker is the best software for backtesting and charting.

However, Amibroker offers no ready solution for how to take your trading strategies into live mode, like for example, Tradestation does. In Tradestation you just check a box for “live mode” and you’re done. Amibroker is simply not built to connect to the almost unlimited brokers that exist (Tradestation is also a broker).

What is Amibroker?

Before you continue, you might want to read our review of Amibroker to get some background about the software. That article should give you a basic understanding of how to use Amibroker.

Does Amibroker offer live automated trading and algo trading? Is Amibroker fully automated?

Amibroker does offer the possibility to trade your backtests and strategies live. However, Amibroker is a standalone software and is not affiliated with any broker, similar to Tradestation which has its, own broker.

The good thing is that it’s not so difficult to take your backtests in Amibroker to the next level of algo trading.

To connect to a broker you need a plugin. This plugin is the “bridge” between Amibroker and the broker.

Why do you need a plugin?

You need a plugin for quotes and start communication with the broker. Amibroker needs to communicate with your broker to send orders and find out if you get a fill or not.

There are almost limitless brokers and Amibroker can’t make plugins for all of them for algo trading, but they have made a free plugin that lets you trade automatically with