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AlgoLab by theAlgoLab.com is trade execution assistance software. theAlgoLab.com company, software, or it's principals do not provide trading advice or recommendations. If you require personalized professional trading / investing advice, please consult with a licensed broker/CTM. Actual past performance, or simulated past performance does not guarantee future results. Trading futures assumes a high level of risk. theALgoLab.com and it's principals are not registered as investment advisors. Consult with a CPA or financial advisor, or broker to ensure that your strategy utilized is suitable for your investment profile before trading in an actual funded live brokerage account.

 

Some trading performance results posted at this web site are from back-testing systems during the dates indicated, using specific settings, from a basket of different futures contracts. Some performance results shown here benefit from hind-sight. Some results shown result not from actual funded trading accounts, but from simulated accounts which have certain limitations. Actual results will differ given that simulated results could under, or over compensate the impact of certain market conditions. Actual draw downs could exceed back-testing draw downs when traded on actual trading accounts.  While back-tested results might show profitable returns, once commission, slippage, and fees are considered, actual returns will vary. 


Futures trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website or on any reports. The past performance of any trading system or methodology is not necessarily indicative of future results. 

OPTING OUT OF IB SECURITY DEVICE FOR TRADING

IMPORTANT:

This step seems a bit confusing, and many new users fail to complete this properly which causes delays in getting their AlgoLab software connected to their Interactive Brokers accounts. So please pay careful attention to the following instructions.

What IBKR mobile smart phone app does, and why we need to "OPT OUT" of requiring it for trading applications:

When you log into your account management at the the IB web site , IB uses a few different two-factor security methods to determine that it is actually you who is attempting to log in. One of the methods is IB will text you an SMS code, another other requires you to look up two pass codes on a plastic card, and yet another method is to send you a credit card device that will compute an authentication code.

 

You will want to use the latest security method which is an app that you install on your phone called "IBKR mobile" which you can download from the app store on your phone. Once this app has been installed, and when you have completed REGISTERING it, then each time you (or anyone else) attempts to log into your IB account management at the IB web site from any browser, your phone will alert you and require your thumb print or face recognition prior to allowing access to your IB account management. This authentication process is for your protection.

The same authentication process is used when a trading application like AlgoLab attempts to connect to your IB account. This connection also requires authentication from you, which is rather inconvenient when AlgoLab reconnects to your account each night at 1:00 am in the morning. To avoid having to authenticate every single AlgoLab connection attempt, you need to request to "opt out" of requiring authentication for AlgoLab. Follow these steps to "opt out of security for trading".

 

Note that you CANNOT OPT OUT unless you have installed and registered IBKR mobile. Also, you cannot opt out of authentication for any other authentication method like SMS notifications, or two-factor security card. Only IBKR authentication allows give you the option of opting out, which is why you need to install it, and get it working prior to following these opt out steps.

1. Install the IBKR mobile app onto your smart phone (go to your app store on your phone). Then, click on "REGISTER TWO-FACTOR" button, enter your IB username and password, then enter the SMS text code that they will text to your phone to complete setting this up.

2. Log into your IB account "Account Management" at the IB web site WHICH WILL NOW REQUIRE YOUR AUTHENTICATION USING YOUR NEW IBKR MOBILE APP. Then navigate to Settings > User Settings. Under the section “Security” go to "Secure Login System" and click the "Configure gear".

 
 

3. You will see a section for "Secure Login Settings". Click the configure gear next to "Secure Login required for trading"

4. Select the option "I only want to use my Secure Login Device when logging into Account Management".

5. Confirm secure login system opt out by clicking "continue" button

6. Confirm secure login system opt out again, by typing your name into the field.

7. That's it! Verify your change by watching for a settings updated message

8. IF YOUR IB ACCOUNT MANAGEMENT INTERFACE DOES NOT LOOK LIKE THE EXAMPLE ABOVE, THEN YOU MAY STILL BE USING IB'S CLASSIC INTERFACE WHICH IS STILL THE DEFAULT FOR CERTAIN TYPES OF ACCOUNTS LIKE A CORPORATE ACCOUNT. FOLLOW THE SCREENS BELOW: