This document outlines the appropriate format that the traders must follow while writing the webhook payload for setting up the following types of cryptocurrency orders to be executed into Interactive Brokers.
Let’s get started 🚀
Market Order
The traders can write the webhook payload for setting up market orders using these three payload fields:
- Symbol
- Action
- Quantity
Symbol
The ticker symbol of the cryptocurrency. Interactive Broker expresses this asset class using a single cryptocurrency unit. For example, BTC, BCH, ETH, or LTC.
Action
The signal action indicates the type of trade to be triggered. The action can be any of the following four:
- Buy: Triggers an action to buy the cryptocurrency.
- Sell: Triggers an action to sell the cryptocurrency.
- Close/Exit: Triggers an action to close an existing open position and exit the trade.
- Cancel: Triggers an action to cancel any open orders.
Quantity
The number of assets to be traded. If omitted, the quantity will be dynamically calculated or defaulted to 1.
Note: You can also use the JSON field- quantity_type.
This is an optional field indicating the type of quantity being specified. We have three options - fixed, cash, and percent_of_equity.
Fixed (Default): The trade quantity will be set as a fixed quantity, such as “100” shares or “10” shares.
{
"quantity": 100,
"quantity_type": "fixed"
}
Cash: The trade quantity is represented by the available cash amount. For instance, if the quantity_type is set to "cash", and the trader specifies a value of 100, it means they are trading 100 units of the currency value, such as 100 USD or 100 GBP, depending on the currency locale of the trader.
{
"quantity": 100,
"quantity_type": "cash"
}
Percent_of_equity: The quantity is calculated as a percentage of the total equity (account balance, not including unrealized p/l). For instance, if the total equity is $50,000 and the quantity_type is set to “percent_of_equity” with the value of “2” then the trade quantity would be $50,000*0.02 = $1000.
{
"quantity": 2,
"quantity_type": "percent_of_equity"
}
EXAMPLE
I. Buy
{
"symbol": "BTC",
"action": "buy",
"quantity": 1
}
II. Sell
{
"symbol": "BTC",
"action": "sell",
"quantity": 1
}
III. Close
{
"symbol": "BTC",
"action": "close"
}
IV. Cancel
{
"symbol": "BTC",
"action": "cancel"
}
Limit Order
The traders can write the webhook payload for setting up Limit orders using these four payload fields:
- Symbol
- Action
- Quantity
- Limit_price
Symbol
The ticker symbol of the cryptocurrency. Interactive Broker expresses this asset class using a single cryptocurrency unit. For example, BTC, BCH, ETH, or LTC.
Action
The signal action indicates the type of trade to be triggered. The action can be any of the following four:
- Buy: Triggers an action to buy the cryptocurrency.
- Sell: Triggers an action to sell the cryptocurrency.
- Close/Exit: Triggers an action to close an existing open position and exit the trade.
- Cancel: Triggers an action to cancel any open orders.
Quantity
The number of assets to be traded. If omitted, the quantity will be dynamically calculated or defaulted to 1.
Note: You can also use the JSON field- quantity_type.
This is an optional field indicating the type of quantity being specified. We have three options - fixed, cash, and percent_of_equity.
Fixed (Default): The trade quantity will be set as a fixed quantity, such as “100” shares or “10” shares.
{
"quantity": 100,
"quantity_type": "fixed"
}
Cash: The trade quantity is represented by the available cash amount. For instance, if the quantity_type is set to "cash", and the trader specifies a value of 100, it means they are trading 100 units of the currency value, such as 100 USD or 100 GBP, depending on the currency locale of the trader.
{
"quantity": 100,
"quantity_type": "cash"
}
Percent_of_equity: The quantity is calculated as a percentage of the total equity (account balance, not including unrealized p/l). For instance, if the total equity is $50,000 and the quantity_type is set to “percent_of_equity” with the value of “2” then the trade quantity would be $50,000*0.02 = $1000.
{
"quantity": 2,
"quantity_type": "percent_of_equity"
}
Limit_price
An optional field specifying the execution price for a “buy” or “sell” trade. If you choose to specify the limit price the trade will be executed at the specified limit price. If you choose not to specify a limit price, the trade will be executed at the current market price.
EXAMPLE
I. Buy
{
"symbol": "BTC",
"action": "buy",
"quantity": 1,
"limit_price": 125
}
II. Sell
{
"symbol": "BTC",
"action": "sell",
"quantity": 123,
"limit_price": 123.98
}
III. Close
{
"symbol": "BTC",
"action": "close",
"limit_price": 123.98
}
IV. Cancel
{
"symbol": "BTC",
"action": "cancel",
"limit_price": 123.98
}