Automatic trading from Wealth-Lab
Author: P_Cherry
Creation Date: 3/24/2010 4:37 AM
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P_Cherry

#1
Hi,
is there any list of brokers/platforms which can be connected to Wealth-Lab? I would like to run strategy and based on this generate orders (something like algorithmic trading).
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Eugene

#2
The Broker API exists in Wealth-Lab 6, so motivated programmers can create broker providers. However, according to Fidelity decision, third-party brokers aren't supported in Wealth-Lab 6 and the broker API documentation doesn't exist. Please keep in mind that MS123 LLC will not be releasing any broker providers. Motivated developers can try to link their .NET-powered Wealth-Lab 6 Strategies with API-enabled brokers or tools but they should keep in mind: this is unsupported.

Summary: The API exists but most likely, the Broker API docs will be published when hell freezes over.
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P_Cherry

#3
If I understood good, it means I can only run my favorite strategy on real-time data and when the buy/sell signal is alerted I must execute it manually through my broker platform. Am I right?
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Eugene

#4
No, it means that there exists Broker API in Wealth-Lab Developer 5 -- as a proof, in a little while the first 3rd party broker provider is going to see the light -- but the API is not going to be documented, and developers have to work with it on their own.
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Domiciano

#5

Eugene,

In our case, we are non-american users who have actually paid for WLD5 and we trade in the brazilian market. What are the alternatives to implement a quickfix adapter? I mean, considering we are not .NET geeks to implement undocumented and unsupported features.

Best regards,

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Cone

#6
Automated trading adapters for Wealth-Lab Developer are not supported. See the User Guide at the top of each topic in the Orders chapter.

Note however that it's a pretty simple matter for a strategy to save its Alerts to disk file (see QuickRef example for AlertDate), where they can be picked up by another "listener", like a server connected to a broker.
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Eugene

#7
fyi, last year a 3rd party has created a solution for getting static/streaming data and trading with IB using WL Developer 6 (not Wealth-Lab Pro):

http://ib-automated-trading.com/