I know you were asking turner, but my response in all fairness, TA isn't bad, JMHO. My experience with the demo (I was told by Infinity Futures rep should be identical to live) was a really good feed. I really had to work with the free charts (SC) though to customize to my liking. OEC looks much more aesthetically appealing. For me, since OEC and TA seem to equal in feeds (from my understanding), I have to go with the better looking GUI - OEC.
I was referring to the platform itself not the feed. It was bulky and clumsy and didn't have internal reports. This was my experience with the demo two years ago. It lacked a lot of what should be basic features.
One thing I do like about OEC is they have the iBroker app, this works on my iPad and makes managing trades easier. It also allows me to set price alerts that I can get at any time.
A lot of this is gonna be personal preference. Test em all out and see what you like.
Again, I know you weren't asking me but my experience with Sierra Charts, learning how to get the same indicators/features/tools/drawings configured as compared to the free charting services working with the OEC platform was very difficult (more so time consuming) on the Sierra Charts (via TA). Via OEC most of it was a really simple navigation and minor tweaking but with SC it took me 3 times as long to find out how and then configure - though ultimately I did find everything I needed and got the SC charts configured how I wanted them.
The following user says Thank You to upsolow for this post:
@upsolow, glad that you find SC easier to use with OEC. I'm using TA with SC through Infinity Futures and I have no problem with either, after overcoming a steep learning curve at the beginning. But tturner86 is right in that TA's AT platform leaves much to be desired if you are an advanced trader.
The following user says Thank You to fourtiwinks for this post:
I think if you want to really scalp these markets, being able to read the DOM is really important.
Having said that, I wouldn't want to skimp on the quality of the L2 data....
Best advice is to with with a good quality data feed like the others have mentioned IQFeed or Kinetick.
Personally, I using Kinetick, which I feel is a reasonable price if you subscribe with their (NON-pro fees option). So basically I pay $55 for basic service + $20 for L2 + $15 for all the 4 futures exchanges (CME Globex, CBOT COMEX NYMEX), so total is $90. Which I think is very ok....
I think, you should approach your data feed the same way a salesman or property agent approach their mobile Phone plan... You can't do business from a public phone or from a friends house. You need a good, decent mobile plan to conduct all your meetings and business calls....
Of think about it this way, maybe on one of the weekend you see one less movie and eat at home to save the $90.
I just don't think a solid data provide is something you want to save on if you want to be scalping these markets.
If you swing trading, of course, is a different story. Just use Yahoo or whatever... doesn't matter.
Thanks I really appreciate your feed back. I agree, I guess my definition of scalping is a little off (or it is generally open for interpretation). I like "scalping," for 4-10 ticks, the open on occasion in the direction of the big bars but I will mostly "long-term scalp" (lol, just made that up) or daytrade with my sup/res lines I use looking for about 2-3 points (8-12 ticks for NQ). Thanks again for your insight.
Also, for what it is worth, I am really impressed with Stage 5. Great customer service and they extended my demo to 4 weeks which has really helped me in assess not only the software/platform but also my strategy - which I am grateful for. I really loved the responsiveness of the DOM - which was the most critical for me initial but also love the chart trading and have altered my strategy to incorporate limit orders at key sup/res lines. Anyhow, point being it's because of how much I am able to quickly comprehend and utilize the platform that I am happy with their service and my strategy evaluations. So, I'm most definitely will fund my Stage 5 demo to a full account. Their trade analyzer is great but I find that I their platform and service is good enough alone without my use of it (I don't really find myself using it but it is impressive). Thanks!
Stage 5 has a pretty decent data feed. I talked to Anthony before and he said they were on Rythmic, which for the most part, should all you to see what you need to see on the DOM.
I've not used their actual platform itself, so I cannot comment on their DOM. But I would suggest that you compare it to the JigSaw DOM just to get an idea of what you might be missing.
One little issue that I have is that, while FT71 (the main trader at Stage 5) claims to be running somewhat of a prop firm, you'll not likely get a chance to see how the other traders are trading. Also, for some reason, I don't know why, but FT71 downplays the need to read the DOM, although he himself admits to using the DOM every time he enters a trade. He's a very strong advocate of volume profile, and that seems to be the way he's positioning himself. All he's Webinars and YouTube videos all talk about volume profile only. To me it feels a little weird, I don't follow him anymore for that reason.
I think scalping the DOM is something that is so specialized, that it's not enough to just have a good data feed and stare at the DOM all day. Maybe, eventually you'll get it.... but to me I'd rather cut short my learning process and learn from someone who has been doing it successfully. Stage 5 will not offer you this opportunity to learn in my opinion. So on top of Stage5, you're going to need to find someone else to learn tape reading from.
You've made some mistakes about FT71. I've hosted countless webinars and therefore present for every word of them on futures.io (formerly BMT). Any mention of prop firms has been discussing his past, before he became FT71 and before the brokerage.
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