# New C2 user: Question on FX autotrading with IB

**URL:** <https://forums.collective2.com/t/new-c2-user-question-on-fx-autotrading-with-ib/9243>\
**Category:** C2\
**Created:** [February 8, 2017, 4:25pm UTC](https://forums.collective2.com/t/new-c2-user-question-on-fx-autotrading-with-ib/9243 "2017-02-08T16:25:27Z")\
**Posts on this page:** 5\
**Page:** 1

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**Author:** ![PetterHansson](https://yyz2.discourse-cdn.com/flex028/user_avatar/forums.collective2.com/petterhansson/32/1487_2.png) [@PetterHansson](https://forums.collective2.com/u/PetterHansson)\
**Post date:** [February 8, 2017, 4:25pm UTC](https://forums.collective2.com/t/new-c2-user-question-on-fx-autotrading-with-ib/9243/1 "2017-02-08T16:25:27Z")

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I have a few questions regarding autotrading forex through IB (started with ConservProfit), which I’ve been actively doing a few weeks now.

1. Slippage appears rather large, as in cumulative profits being about 80% of the profit listed on C2. One guess I have it’s that my account base currency is SEK and that it may induce additional conversions, but if someone has a different hypothesis or can point to information regarding this it would be appreciated.

2. C2 autotrading appears to leave some cash after liquidating positions, e.g. I had about 1000 USD, 16 CAD in my account in addition to SEK despite no positions being open. Is there some logic behind this?

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**Author:** ![PetterHansson](https://yyz2.discourse-cdn.com/flex028/user_avatar/forums.collective2.com/petterhansson/32/1487_2.png) [@PetterHansson](https://forums.collective2.com/u/PetterHansson)\
**Post date:** [February 8, 2017, 4:29pm UTC](https://forums.collective2.com/t/new-c2-user-question-on-fx-autotrading-with-ib/9243/2 "2017-02-08T16:29:21Z")

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(Oh, and of course the SEK can slide on its own while positions are open, but it doesn’t account for the magnitude of slippage.)

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**Author:** ![FrancisGingras](https://yyz2.discourse-cdn.com/flex028/user_avatar/forums.collective2.com/francisgingras/32/23692_2.png) [@FrancisGingras](https://forums.collective2.com/u/FrancisGingras)\
**Post date:** [February 8, 2017, 7:15pm UTC](https://forums.collective2.com/t/new-c2-user-question-on-fx-autotrading-with-ib/9243/3 "2017-02-08T19:15:56Z")

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Hi,

This is IB’s way of handling FX positions. A pure FX broker would not have remainders in other currencies.

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**Author:** ![Aaa123](https://yyz2.discourse-cdn.com/flex028/user_avatar/forums.collective2.com/aaa123/32/6075_2.png) [@Aaa123](https://forums.collective2.com/u/Aaa123)\
**Post date:** [February 9, 2017, 8:04pm UTC](https://forums.collective2.com/t/new-c2-user-question-on-fx-autotrading-with-ib/9243/4 "2017-02-09T20:04:19Z")

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As far as I´m informed IB isn´t specialized in FX trading anyways. So now that FXCM is gone a better option for FX trading would be Gain Capital I think (if you want autotrading). Though I haven´t got any experience with Gain Capital so I can´t comment on their service. A little research might be useful.

In general, use a broker for the instruments he is specialized in or otherwise you´ll have to take the downside of bad execution/slippage and/or high commissions. IB is good for anything but FX, that´s my personal opinion of course.

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**Author:** ![madcalfus](https://yyz2.discourse-cdn.com/flex028/user_avatar/forums.collective2.com/madcalfus/32/5379_2.png) [@madcalfus](https://forums.collective2.com/u/madcalfus)\
**Post date:** [February 9, 2017, 11:06pm UTC](https://forums.collective2.com/t/new-c2-user-question-on-fx-autotrading-with-ib/9243/5 "2017-02-09T23:06:16Z")

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See also: [https://forums.collective2.com/t/forex-base-currency-repatriation-with-ib](https://forums.collective2.com/t/forex-base-currency-repatriation-with-ib)