When connecting TradersPost to Interactive Brokers, users often wonder if they need to have Trader Workstation (TWS) or IB Gateway running on their local computer. The answer is no. TradersPost integrates with Interactive Brokers through a cloud-based web API, which means there is no need to keep TWS or IB Gateway running.
TradersPost’s cloud-based infrastructure ensures that once your signals are set up, the system operates independently of your local machine. Signal sources such as TradingView and TrendSpider can transmit signals to TradersPost, which then communicates with your broker—all without requiring any local software to stay active.
This cloud-based setup offers several benefits:
• Reliability: Since the integration does not rely on your local internet connection or power supply, you are protected from outages that could disrupt trading if using a self-hosted solution.
• Ease of Use: There’s no need to maintain or troubleshoot software installations like TWS or IB Gateway on your computer.
• Resilience: The cloud infrastructure is designed to handle failures and ensures that your trading continues smoothly even if local issues arise.
While some traders attempt to create self-hosted trading systems that rely on TWS or IB Gateway, these setups can be prone to issues like power outages, internet disruptions, or software malfunctions. TradersPost’s cloud solution addresses these risks, providing a more robust and reliable trading environment.
Using TradersPost with Interactive Brokers eliminates the need for running TWS or IB Gateway locally. The platform’s cloud-based integration simplifies trading setups, ensures resilience against local disruptions, and offers a more user-friendly experience for automated trading.