{"id":175859,"date":"2020-09-25T15:41:00","date_gmt":"2020-09-25T19:41:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/trading-lessons\/configuring-ibs-trader-workstation\/"},"modified":"2023-04-25T20:50:55","modified_gmt":"2023-04-26T00:50:55","slug":"configuring-ibs-trader-workstation","status":"publish","type":"trading-lessons","link":"https:\/\/www.interactivebrokers.com\/campus\/trading-lessons\/configuring-ibs-trader-workstation\/","title":{"rendered":"Configuring IB&#8217;s Trader Workstation"},"content":{"rendered":"<p>In previous lesson, we listed down the steps for installation of R and Rstudio. The next step is to configure the Trader Workstation (TWS) before we start writing programs in R. This lesson explains the steps required to set up the Trader Workstation.<\/p>\n<h4>In this lesson, you would:<\/h4>\n<ul>\n<li>Learn about the Interactive Brokers API Architecture<\/li>\n<li>Learn to configure the Trader WorkStation (TWS)<\/li>\n<\/ul>\n<h3>Interactive Brokers API Architecture<\/h3>\n<p>Interactive Brokers provides API solutions which can be run on Windows, Linux, and MacOS. The API makes a connection to the IB Trader Workstation (TWS). The TWS, in turn, is connected to the IB data centers and thus, all the communication is routed via the TWS. The IBrokers R package enables a user to write his strategy\/program in R and helps it get executed via the IB TWS.<\/p>\n<div class=\"page\" title=\"Page 1\"><img decoding=\"async\" class=\"size-medium wp-image-3348 aligncenter lazyload\" data-src=\"\/campus\/wp-content\/uploads\/sites\/2\/2023\/01\/Screen-Shot-2020-09-25-at-1.45.23-PM.png\" alt=\"Flow Structure Diagram\" width=\"960\" height=\"244\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 960px; aspect-ratio: 960\/244;\" \/><\/div>\n<p title=\"Page 1\">Before we start writing programs in R, we need to configure the Trader Workstation (TWS). The next section explains the steps to configure the TWS.<\/p>\n<h3 title=\"Page 1\">Steps to Configure the Trader Workstation (TWS)<\/h3>\n<ul>\n<li title=\"Page 1\">Click on the File tab in Trader Workstation (TWS).<\/li>\n<li title=\"Page 1\">Click on the \u201cGlobal configuration\u201d under the \u201cApplication Settings\u201d section.<\/li>\n<li title=\"Page 1\">Click on the \u201cAPI-Settings\u201d under the \u201cConfiguration\u201d folder shown on the left-hand side panel.<\/li>\n<li title=\"Page 1\">Check the \u201cEnable ActiveX and Socket Clients\u201d box.<\/li>\n<li title=\"Page 1\">Check the \u201cCreate API message log file\u201d box.<\/li>\n<li title=\"Page 1\">Check the \u2018Include market data in API log file\u2019 box.<\/li>\n<li title=\"Page 1\">Finally, click on the \u201cApply\u201d shown at the bottom of the API settings page and click OK.<\/li>\n<\/ul>\n<p><img decoding=\"async\" class=\"size-medium wp-image-3349 aligncenter lazyload\" data-src=\"\/campus\/wp-content\/uploads\/sites\/2\/2023\/01\/Screen-Shot-2020-09-25-at-1.49.01-PM.png\" alt=\"\" width=\"654\" height=\"540\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 654px; aspect-ratio: 654\/540;\" \/><\/p>\n<h3>Additional notes<\/h3>\n<h4>TWS Log Files<\/h4>\n<p>If you check the \u201cCreate API message log file\u201d box, it will create TWS log files.<\/p>\n<ul>\n<li>API message log file contain the exchanged message sequences between the R application and the Trader Workstation.<\/li>\n<li>The API message log files will be created within the C drive Jts folder on a Windows system.<\/li>\n<li>The TWS logs will be log.[day].txt where day corresponds to the week day when the log file was written.<\/li>\n<li>By default, the logging level is set to \u2018Error\u2019 which records a minimum amount of diagnostic information.<\/li>\n<li>To capture the API messages it necessary to set the logging level to \u2018Detail\u2019.<\/li>\n<\/ul>\n<p>If you also check the \u2018include market data in API log file\u2019 box, it will cause real-time market data to be captured in the API when trouble shooting market data problems.<\/p>\n<h4>Reset API order Id sequence button<\/h4>\n<p>A unique order Id is required every time an order is placed to an account. This unique order Id has to be greater than all the order Ids previously used. The reset button allows resetting the order Id sequence. However, note that this can be done if there are no active orders.<\/p>\n<h3>Summary<\/h3>\n<p>In this lesson, we learned to configure the Trader Workstation (TWS). In the next lesson, we start with the introduction to the IBrokers Package and explain the various API methods available in the package with examples. The subsequent lessons will explain other advanced API methods and finally illustrate an example strategy in R.<\/p>\n<p>Note \u2013 The IBrokers package provides native R access to Interactive Brokers Trader Workstation API<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this video, we will explain the Interactive Brokers API architecture and show you how to configure the Trader 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