commission Interactive Broker

[Thomas79]

Hi

i just bought the live licence and openned an Interactive Broker account

before trading, do i have to fill the commission on the intruments manager to have the good Total Cash Balance on NT after a trade or it is updated automatically from interactive broker ?

or it is only important to fill the commission to have the right result from a backtest strategy ?

thx for your help.
Thomas

[NinjaTrader_Jason]

Hello Thomas,

It is not automatically updated from IB - you will need to setup commissions in NinjaTrader if you like commissions to be included in performance reports.

You can setup commissions in NinjaTrader as per the information below.

http://www.ninjatrader.com/support/helpGuides/nt7/commission_tab.htm

A flat commission will apply commissions per side per order.

A tiered level will apply commissions per side per contract/share.

For example, if you like a commission of $2.50 per order per side, please enter a flat commission of 2.50. A commission of $2.50 will be calculated for the entire order per side. So if you submit an order for 5 contracts, it will calculate a commission of $2.50 per side, which is a total of $5 per the entire order.

If you like a commission of $2.50 per contract, please enter a tiered commission of 2.50/99999999. Each contract traded will calculate a commission of $2.50 per side. So if you submit an order for 5 contracts, a commission of $2.50 * 5 is calculated per side, which is $25 for the entire order.

Please note that commissions will only display for orders you submitted after you setup commissions in NinjaTrader.