Product Updates

Do You Need TWS or IB Gateway Running for TradersPost Integration?

TradersPost’s cloud-based integration with Interactive Brokers eliminates the need for running TWS or IB Gateway locally, providing a reliable and user-friendly trading experience.

Tom Hartman

Marketing

Reviewed by Mike Christensen

Fact-checked by Mike Christensen

2 Min Read
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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.

Cloud-Based Integration for Seamless Trading

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.

The Drawbacks of Self-Hosted Solutions

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.

Conclusion

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.

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TradersPost operates as a non-custodial automated trading platform, enabling users to connect alerts from their preferred trading platforms to their selected brokerage or exchange accounts. It abstains from the transmission, custody, or management of customer funds, covering both traditional and cryptocurrency assets. Typically, registration requirements set by regulatory entities such as the SEC, FINRA, or FinCEN apply to entities that hold or transmit customer funds. To ensure ongoing compliance, TradersPost regularly engages with regulatory authorities to confirm its adherence to all relevant local and federal laws.

TradersPost does not provide alerts, signals, research, analysis, or trading advice of any kind. It is designed to assist traders and investors in making their own trading decisions based on their alerts. The platform does not offer recommendations regarding securities to buy or sell, nor does it provide trading or investing advice. The platform and its features, capabilities, and tools are provided 'as-is' without any warranty.

Risk Disclosure: The use of automated trading systems involves inherent risks, including the potential for significant financial loss. These systems operate based on predetermined algorithms that may not fully adapt to changing market conditions, possibly making them unsuitable for some investors. Individuals are advised to thoroughly assess their financial situation and risk tolerance before using this platform.

Testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success.

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