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sraby
How to follow a live EU strategy and manually trade it in IBRK linked account

I have an interactive brokers linked account (automatic trading works only in US). Now, in my IBRK account, I created a new live model and follow it. I do not see how I can follow a love EU model, and import manual trades. The only option when I activate the live model is to automarically trade throuigh Interactive Broker (but it is currently not supported).

Just wondering what is the alternative.

Thank you

Sep 8, 2022 7:59:27 PM       
yuvaltaylor
Re: How to follow a live EU strategy and manually trade it in IBRK linked account

We are working on this so that everything will automatically sync up. Once P123 can do Canadian and European trades from IB accounts, it'll all work just as it does for US trades.

In the meantime, you can manually import the trades you've done, but it takes a bit of work. Here's how to do it. Download the trades from your IB account in a CSV file. Fix the date format so that it's mo/day/year. Convert the currency to USD for both the price and the commission if your account is denominated in USD; if it's in CAD, convert to CAD.

Now create a strategy in your linked account if you haven't already done so. Click on the strategy, then click on the three bars next to "Summary," then click on "import transactions."

Copy the information in your CSV file (including headings if you can, though that's optional) and simply paste it into the box, then click "Identify Columns." Check to make sure all columns are correctly identified. Then click "identify transactions." P123 doesn't yet recognize "SLD" as "sold" so you'll have to "Resolve to" Sell. Then click "Validate transactions" and confirm.

I do this every evening on days when I trade European stocks, and while it might seem daunting at first, it becomes easy after a bit. We are going to make all this much easier in the near future.

Please let me know if this answers your question or not. Perhaps you were asking about something else.

Yuval Taylor
Product Manager, Portfolio123
invest(igations)
Any opinions or recommendations in this message are not opinions or recommendations of Portfolio123 Securities LLC.

Sep 9, 2022 9:34:16 AM       
feldy
Re: How to follow a live EU strategy and manually trade it in IBRK linked account

Yuval, how are you generating the trades for you IB account to begin with? Do you have a live EU strategy capitalized with the amount of dollars you are allocating in your IB and just manually submitting those exact trades to IB each week?

And the strategy you create in your linked account is just a manual strategy?

I had been wondering the same question as sraby myself, as I have both Canadian and European strategies waiting on the sideline, and I was wondering if should try to make it work manually or wait for p123 to support the linked trading.

Sep 9, 2022 11:53:13 AM       
yuvaltaylor
Re: How to follow a live EU strategy and manually trade it in IBRK linked account

Personally, none of my trading is fully automated. I use a screen and a spreadsheet to decide on all my trades. So, yes, I have a live EU strategy capitalized with about 20% of my investing money and I manually submit trades to IB. (The rest of my investing money is in Fidelity in US and Canadian equities.)

Yuval Taylor
Product Manager, Portfolio123
invest(igations)
Any opinions or recommendations in this message are not opinions or recommendations of Portfolio123 Securities LLC.

Sep 9, 2022 2:41:11 PM