How to use another broker account for live trading?
Author: aykuts
Creation Date: 3/12/2014 2:55 AM
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aykuts

#1
I guess it wont be fruitful much to ask this but;
- is it possible to direct strategy-generated orders to a live account at another broker but Fidelity? (i.e. from the accounts drop-down list, i would like to see accounts from other brokers so that I pick one and configure the wealthlab platform to direct orders to this account whenever the strategy alerts a trade)

- I know the answer to the first question is a cold NO. So, I digged a little bit the forum and the wiki. Apparently, there are numerous forum threads that mention the Orders.xml. . Then, my second question would be: Is it possible, to use this xml file as the source and code a separate connector that listens to wealthlab (through this xml file) and take action (i.e. to transmit the strategy-generated order to, say, bloomberg servers?)

- The reason i mention here the bloomberg terminal is that, most of on-line brokers now have on-the-shelf solutions for automated execution of orders that reach to their servers from the bloomberg terminals.

I know these questions have remained a little bit out of the scope and maybe the interest, but nevertheless, maybe some of other users might have something to add to this discussion.

Thank you in advance for your interest, support, guidance.



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Eugene

#2
It's possible. 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.


Orders.xml is not the proper way to do it. There exists a native API in WealthLab.dll (BrokerProvider) that can be implemented in your solution for smooth integration with brokers, including Orders tool and right-click trading.
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aykuts

#3
Thanks for the lead, Eugene.

Well, looking at your answer, it is not a cold no, but, a polite no:-))

Thanks once again for your effort,

Best regards.
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Eugene

#4
Why a "no"? We're aware of several turnkey solutions by 3rd parties that bridge Wealth-Lab with (mostly) Russian markets. For example, S#.WealthLab by StockSharp which even has an Interactive Brokers connector. If you search hard enough, you can even find its complete source code (a bit outdated, though). ;)
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Eugene

#5
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/