IBrokers: queueing up an order using R

Question

I'm trying to do a simple order through the Interactive Brokers API using R.

For example, I'm trying to buy 1 share of IBM and short 1 share of MSFT.

I cannot find any documentation on how to do this step in R. Does anyone have familiarity working in R with the TWS API?

Thank you!

Answer 1

There is a pretty good project on cran called IBrokers, which wraps the C++ API for IB.

You can find it on cran: http://cran.r-project.org/web/packages/IBrokers/index.html

Have a look at the vignettes for a good reference on how to get data and set orders:

About the general setup and receiving data: http://cran.r-project.org/web/packages/IBrokers/vignettes/IBrokers.pdf

Also, I can really recommend the cheat sheet: http://cran.r-project.org/web/packages/IBrokers/vignettes/IBrokersREFCARD.pdf

--

So, to set an order, use the placeOrder Object, which you supply with the connection details (those are described in the general setup I linked) :

placeOrder(twsconn=tws,Contract=twsSTK("IBM"),Order=twsOrder(reqIds(tws),"BUY",1,"MKT"))
placeOrder(twsconn=tws,Contract=twsSTK("MSFT"),Order=twsOrder(reqIds(tws),"SELL",1,"MKT"))

Here, both are market orders.

I hope that gives you a starting point.