Question 1

Which market data subscriptions are required?

Accepted Answer

The following subscriptions are required:
- OPRA Options Bundle
- CME S&P Indices

Question 2

What settings need to be made in the TWS?

Accepted Answer

The settings for the API must be set as follows.

1.

https://static.wixstatic.com/media/b9ec76_73ec27b38bf948a5857e2a29b8336ee8~mv2.png

2.

https://static.wixstatic.com/media/b9ec76_91a7182a8519421c88f8fa5bb0e3df49~mv2.png

3.

https://static.wixstatic.com/media/b9ec76_da0556ccc670432a9bec37477d6fd5d1~mv2.png

Question 3

What are the technical requirements?

Accepted Answer

A Windows PC or a Mac is required.
The TWS version 10.19 Stable must be running.

How to check the version:
https://static.wixstatic.com/media/b9ec76_c5eb35dbc0be463091025883fbe08cf7~mv2.png

https://static.wixstatic.com/media/b9ec76_58a96d56431a44a2a6c41511d2552c72~mv2.png

Question 4

Muss der PC/ TWS immer laufen wenn der Trade eröffnet wurde?

Accepted Answer

Nein.
Der PC, die App und die TWS muss nur zur Einstiegszeit des Trades laufen.

Danach liegen alle Exit und Take Profit Orders bei Interactive Brokers.
Die TWS kann geschlossen werden.

Ich empfehle aber zumindest einmal nach dem Einstieg zu prüfen, dass sicher alle Orders angelegt wurden.

Question 5

Do I have to sit at the PC to open a trade?

Accepted Answer

• No, the bot can also be run on a server, for example. For example, start the TWS and the bot in the morning, the bot then waits for 10:05 (US Eastern Time) and then executes the trade.
 • Important: Make sure that the PC/server does not go into sleep mode.

Question 6

How can I customize the TWS version?

Accepted Answer

First switch to stable:

https://static.wixstatic.com/media/b9ec76_9cbf8a7b801b4aadb26c7cb3673ca7cd~mv2.png

If switching to stable did not result in the correct version, you can download the correct version here.
https://www.interactivebrokers.com/en/trading/tws.php#tws-software(https://www.interactivebrokers.com/en/trading/tws.php)

https://static.wixstatic.com/media/b9ec76_662aa865ed9b41258c7bd992dfcd2d17~mv2.png

Question 7

Why can there be different versions with the same tool?

Accepted Answer

• When comparing, please note:
    • Execution in paper trading or live?
    • Has Take Profit been deactivated?
    • Were the same strikes chosen?
    • Were the strikes priced the same?
 • The last two points may vary as the order book is constantly changing.

Question 8

How can market data be shared with the paper trading account?

Accepted Answer

https://static.wixstatic.com/media/b9ec76_8efbb2fbabfc4b7686ae9b68f7870112~mv2.png

Source: https://ibkr.info/node/1719

Question 9

Wo finde ich die aktuelle Versionen der Apps zum Download?

Accepted Answer

hier: https://www.optionsheads.com/downloads (https://www.optionsheads.com/downloads)

Question 10

What can I do if the bot doesn't work as expected?

Accepted Answer

In this case, please send me the following log files by email and describe the error, ideally with screenshots.

1. Bot logs
Are created in the folder of the exe in which the bot was started and are named as follows: e.g. LogFile_jb_20240710_070431.txt
2. TWS logs

https://static.wixstatic.com/media/b9ec76_0972f51027074ff4a3a104525577e716~mv2.png

https://static.wixstatic.com/media/b9ec76_6418044f07ad44bfa6969d1e491814ad~mv2.png

A .txt file is created with the name: tws-exported-logs.txt

Question 11

Do I have to provide my username and password to a cloud service?

Accepted Answer

No, everything runs locally on the PC.

Question 12

Can the bot/app be tested in paper trading?

Accepted Answer

Yes, you can also test the bot in paper trading.

Please note:
 • The execution, i.e. speed and prices, are not comparable to trading with real money.
 • The SPX works best in paper trading.

Question 13

Can you also use the bot when trading with your smartphone?

Accepted Answer

Unfortunately no.
The TWS is required.

However, it is possible to run the TWS on a server and log in there using a smartphone via remote desktop.

If you have any questions, please let me know.

Question 14

Where can I manage my subscription?

Accepted Answer

Here: https://billing.stripe.com/p/login/cN27vV6bC5e8gLedQQ(https://billing.stripe.com/p/login/cN27vV6bC5e8gLedQQ)

Question 15

What payment methods are available?

Accepted Answer

It can be done via:
- Credit card
- SEPA direct debit
- Google Pay and Apple Pay
be paid.

The payment method can be set in the customer portal:
https://billing.stripe.com/p/login/cN27vV6bC5e8gLedQQ(https://billing.stripe.com/p/login/cN27vV6bC5e8gLedQQ)

Question 16

Check Java version on Mac OS

Accepted Answer

Open the terminal and type "java -version".
The number in the red outlined area is important; it must be 22 or higher.

https://static.wixstatic.com/media/b9ec76_9450ac3428ab4e379c52e2ae85f4351a~mv2.png

If this is not the case, please install the correct Java version as described here (https://www.optionsheads.com//s/f/java-auf-dem-mac).

Question 17

Install Java on your Mac

Accepted Answer

Download and install the correct version for your Mac from the following page.

https://www.oracle.com/java/technologies/downloads/#jdk23-mac(https://www.oracle.com/java/technologies/downloads/#jdk23-mac)

Help choosing the right version:

https://static.wixstatic.com/media/b9ec76_7548e869dbcc4ef285659a9cbe4a1c5c~mv2.png

Afterwards, please check the version again as described here: https://www.optionsheads.com//s/f/java-version-bei-mac(https://www.optionsheads.com//s/f/java-version-bei-mac)

Question 18

Mac OS Troubleshooting

Accepted Answer

Warning: Fix "Unknown developer".
(You can also set German subtitles)
Mac Os || How To bypass (FIX) "cannot be opened because the developer cannot be verified" - YouTube(https://www.youtube.com/watch?v=wpJnigMKFmQ)

Warning: "App startup failed. Check the console for possible error messages."

You can try running the Java .jar file in the console to get a meaningful error message.

1.

https://static.wixstatic.com/media/b9ec76_c733b4f4b4c14c44abfc1effd31d342b~mv2.png

2.
Type "java -jar JB-Trade.jar" and press enter.

Then send me the error message from the console.

Question 19

Can I also use the bot on Linux?

Accepted Answer

Yes!
TWS version 10.19 Stable must be installed.
And Java at least version 22, see here (https://www.optionsheads.com/faq?questionId=914b0c14-0123-4d66-a403-d1fc76ab4005&appDefId=14c92d28-031e-7910-c9a8-a670011e062d).

Question 20

Can the bot be used at the same time as the TAT?

Accepted Answer

Basically yes.

However, a different TWS Client ID must be defined in the settings.

And with the DC57, there may be warnings from the TAT regarding "Missing Stop Detected".
Because the orders are based on the spread and not on the individual legs.

Question 21

Can the bot also be used with a Family Account / Family Advisor?

Accepted Answer

Yes.

Proceed:
You start the bot separately for each account.
So copy the folder twice, for example, and then give it a logical name.
Then enter a different TWS Client ID for each bot in the settings.
Then under Account ID, enter the 2 different account IDs.
And under "Number of Contracts" the number of contracts for the selected account.

Question 22

TWS: How do I set the TWS to not log out/shut down daily?

Accepted Answer

"Auto restart" must be selected instead of "Auto logoff".

https://static.wixstatic.com/media/b9ec76_e0f1d7d55bc04cae9b889edb096b56e6~mv2.png

https://static.wixstatic.com/media/b9ec76_eb83877d52244e69a6d8403858e99b6d~mv2.png

I also recommend setting the TWS time zone to US/Eastern.
You can do this on the login screen.

https://static.wixstatic.com/media/b9ec76_943196ed8b954f20b80e7313d14e5969~mv2.png

Question 23

Telegram: How do I set it up.

Accepted Answer

Start a conversation with the "optionsheads" bot.
To do so, simply click on the following link and then on "Send Message".

https://t.me/optionsheads_bot

Next, start a conversation with the following bot:

https://t.me/userinfobot
And send him any message.
He will then reply with your user ID.
Example:
https://static.wixstatic.com/media/b9ec76_e89d640f5ab44b7f80338095f8f1e66a~mv2.png

Now you can enter the ID from the message in the "Telegram Chat ID" field in the settings.
And then you receive messages from the bot in the chat.

Now close the Settings window and open it again.
Now you can test the function using the "Test Telegram" button.

Question 24

Create a second user for Interactive Brokers.

Accepted Answer

If you want to run the bot on a V-server, but still want to log in to the same account from your smartphone or tablet, you need two users.

Small disadvantage: The other user also needs the market data.

You can create the second user as follows.

1. Open settings in Account Management (browser)

2. Click on "Users and Access Rights".
https://static.wixstatic.com/media/b9ec76_facc0ff824bf4b23b42cfa726a65d720~mv2.png

3. Click on the "Plus".

https://static.wixstatic.com/media/b9ec76_97c7ebe95115499aac56fe7da205f592~mv2.png

4. Follow the steps there and store the username and password securely.

5. Log in with the new user and complete the setup.

6. Complete the required market data subscriptions.

Question 25

Questions from IB regarding API usage

Accepted Answer

If you get this question:

https://static.wixstatic.com/media/b9ec76_e9b8a82b51034787bd6717b5409911e6~mv2.jpg

For this question please select the 3rd/lower answer.

https://static.wixstatic.com/media/b9ec76_0f54eddd4f2d4f348dcf862639de86a1~mv2.jpg

Question 26

Server: Schritte zur Einrichtung

Accepted Answer

1. Server aussuchen und buchen
https://www.optionsheads.com/faq?questionId=9971cd70-992c-476e-8d75-8bf0e9c49a35&appDefId=14c92d28-031e-7910-c9a8-a670011e062d (https://www.optionsheads.com/faq?questionId=9971cd70-992c-476e-8d75-8bf0e9c49a35&appDefId=14c92d28-031e-7910-c9a8-a670011e062d)

2. Die Verbindung von dem PC oder Mac zum Server herstellen.
https://support.microsoft.com/de-de/windows/verwendung-von-remotedesktop-5fe128d5-8fb1-7a23-3b8a-41e636865e8c (https://support.microsoft.com/de-de/windows/verwendung-von-remotedesktop-5fe128d5-8fb1-7a23-3b8a-41e636865e8c)

3. Die TWS installieren
https://www.optionsheads.com/faq?questionId=cfe59bb0-46b3-4c8d-9fb6-be0146c4d100&appDefId=14c92d28-031e-7910-c9a8-a670011e062d (https://www.optionsheads.com/faq?questionId=cfe59bb0-46b3-4c8d-9fb6-be0146c4d100&appDefId=14c92d28-031e-7910-c9a8-a670011e062d)

4. Die TWS Einstellungen vornehmen
https://www.optionsheads.com/faq?questionId=95934dbb-f7df-48cc-bb4e-8e3c80f73ca6&appDefId=14c92d28-031e-7910-c9a8-a670011e062d (https://www.optionsheads.com/faq?questionId=95934dbb-f7df-48cc-bb4e-8e3c80f73ca6&appDefId=14c92d28-031e-7910-c9a8-a670011e062d)
und
https://www.optionsheads.com/faq?questionId=72c3ba87-9de2-488e-8552-bdab3d683a9b&appDefId=14c92d28-031e-7910-c9a8-a670011e062d (https://www.optionsheads.com/faq?questionId=72c3ba87-9de2-488e-8552-bdab3d683a9b&appDefId=14c92d28-031e-7910-c9a8-a670011e062d)

5. Apps herunterladen und starten

Question 27

Server: How can I log in from my PC, smartphone or tablet?

Accepted Answer

Windows PC:
App: Remote Desktop Connection

iOS:
https://apps.apple.com/de/app/windows-app-mobile/id714464092

Android:
https://play.google.com/store/apps/details?id=com.microsoft.rdc.androidx&hl=de

Question 28

Server: Was sind die Anforderungen?

Accepted Answer

Windows Server 2022 oder neuer
Mindestens 8 GB Arbeitsspeicher
Mindestens 2 Prozessorkerne
Mindestens 40 GB Festplattenspeicher

Ich hatte bisher mit meinem Strato Server keine Probleme.

Question 29

Server: Was muss ich jede Woche machen?

Accepted Answer

Sonntags oder Montagvormittag: TWS und Apps starten.

Samstag oder Sonntag: TWS und Apps beenden und evtl. Windows Updates einspielen.

Die Apps und die TWS laufen eine Handelswoche durch, ohne dass man sich neu einloggen muss.

Natürlich sollte man trotzdem mal nachschauen, ob die Trades wie geplant geschlossen wurden.

Question 30

Marktdaten für OrderConnect

Accepted Answer

Wenn man bei der App die Meldung "Fehler, Ausführung abgebrochen. Der erhaltene Preise des Basiswerts ist nicht Valide" erhält, ist die Börse entweder aktuell geschlossen oder man hat nicht die nötigen Marktdatenabos.

Grundsätzlich müssen die Kurse, für die Aktien, die gehandelt werden sollen, wie folgt aussehen:

https://static.wixstatic.com/media/b9ec76_6f895429bff8439dbd5e9d7ae4b949ca~mv2.png
Also die Schrift weiß und nicht Grau und Rote oder Grüne Punkte und keine Gelben Punkte.

Das selbe gilt auch für die Optionen:

https://static.wixstatic.com/media/b9ec76_332e403fe5f347b0a9a1af0ac1619cad~mv2.png

Question 31

Beispiel zu Linux (Ubuntu)

Accepted Answer

Betriebssystem: Ubuntu
Linux: Version 24, Debian Paket heruntergeladen von hier: https://www.oracle.com/java/technologies/downloads/#jdk24-linux (https://www.oracle.com/java/technologies/downloads/#jdk24-linux)

Die Version der App für Mac und Linux herunterladen.

1. Die Zip Datei entpacken
https://static.wixstatic.com/media/b9ec76_e3746f25722d48eca11b8a76c2353182~mv2.png

2. Ein Terminal in dem Ordner öffnen
https://static.wixstatic.com/media/b9ec76_c631177cf2874ad39365538655b566d8~mv2.png

3. Die App mit Java starten
java -jar OrderConnect.jar

https://static.wixstatic.com/media/b9ec76_691b723b82d145b8a125a61678b06f56~mv2.png

4. Jetzt öffnet sich die App

https://static.wixstatic.com/media/b9ec76_82727776b05d427da0de54ba2fe22731~mv2.png

Falls es einen Fehler gibt, bitte mir einen Screenshot und das Logfile schicken.

Question 32

Welche Handelsberechtigungen werden benötigt?

Accepted Answer

Für Double Calendars werden Optionen Level 4 Benötigt.

https://static.wixstatic.com/media/b9ec76_6c1dd337198a4ba99b067ed7f03a111a~mv2.png

Frequently asked questions

Häufig gestellte Fragen