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Which data feed for a newbie in sim


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Which data feed for a newbie in sim

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  #1 (permalink)
Des Moines, IA
 
Experience: Beginner
Platform: NinjaTrader
Broker: Amp Futures/Zen-Fire
Trading: ES
 
Posts: 3 since Dec 2009
Thanks: 0 given, 1 received

Hi,
As a newbie to ninja trader I was wondering which data provider I should use to get a daily market feed (cost is an issue) while in simulation mode.
Also should I conceder a change in data providers when I switch to real-time trading.
Dan

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  #2 (permalink)
Cebu, Philippines
 
Experience: Advanced
Platform: NinjaTrader, TradeStation
Trading: Emini ES, Stocks
 
Posts: 67 since Oct 2009
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Personally I would go with Mirus Futures. They offer Zen-fire. You need $2,500 to open an account, but not to maintain it. You get data feed for almost all futures markets free, no charges or fees as long as you want. Also, you don't need to change when you're going to trade live. Mirus has very fast executions, probably the best I've seen. Plus they have low $500/contract intraday margins. Also if you sign up with Dorman Trading, they give you a free live license for live trading (minus ATM strategies), so no need to buy or lease Ninjatrader.

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  #3 (permalink)
Wrocław, Poland
 
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Trading: Ockham's razor
 
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cbratton View Post
Personally I would go with Mirus Futures. They offer Zen-fire. You need $2,500 to open an account, but not to maintain it. You get data feed for almost all futures markets free, no charges or fees as long as you want. Also, you don't need to change when you're going to trade live. Mirus has very fast executions, probably the best I've seen. Plus they have low $500/contract intraday margins. Also if you sign up with Dorman Trading, they give you a free live license for live trading (minus ATM strategies), so no need to buy or lease Ninjatrader.

Hi, could you please elaborate - how do you open account with Mirus through Dorman Trading. Are you setting up the account with Dorman or Mirus? Which is first? Who is the broker then - is it Mirus or Dorman?

I am a bit confused so would be great if you could explain it a bit more.

Thanks

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  #4 (permalink)
Denver, CO
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Amp Futures/Zen-Fire
Trading: TF, ES, CL
 
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gregid View Post
Hi, could you please elaborate - how do you open account with Mirus through Dorman Trading. Are you setting up the account with Dorman or Mirus? Which is first? Who is the broker then - is it Mirus or Dorman?

I am a bit confused so would be great if you could explain it a bit more.

Thanks

Mirus is a broker and Dorman is clearing firm.
If you open an account with Mirus they allow you to choose clearing firm.
I don't know how many choices you have now (used to be two)

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  #5 (permalink)
United States of America
 
Experience: Advanced
Platform: NT
 
Posts: 1,149 since Aug 2009


dsmith View Post
Hi,
As a newbie to ninja trader I was wondering which data provider I should use to get a daily market feed (cost is an issue) while in simulation mode.
Also should I conceder a change in data providers when I switch to real-time trading.
Dan

Be advised when you switch from SIM to live trading with NT, you will have to pay a license fee.

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  #6 (permalink)
Cebu, Philippines
 
Experience: Advanced
Platform: NinjaTrader, TradeStation
Trading: Emini ES, Stocks
 
Posts: 67 since Oct 2009
Thanks: 128 given, 115 received


gregid View Post
Hi, could you please elaborate - how do you open account with Mirus through Dorman Trading. Are you setting up the account with Dorman or Mirus? Which is first? Who is the broker then - is it Mirus or Dorman?

I am a bit confused so would be great if you could explain it a bit more.

Thanks


Mirus Futures is the broker. Dorman trading is the clearing firm. You can acutally choose between Dorman Trading or Rosenthal Collins Group, I just have Dorman and I've had no issues with them. When you go to Mirus Futures website and open an account it gives you the option.

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  #7 (permalink)
Cebu, Philippines
 
Experience: Advanced
Platform: NinjaTrader, TradeStation
Trading: Emini ES, Stocks
 
Posts: 67 since Oct 2009
Thanks: 128 given, 115 received


Zoethecus View Post
Be advised when you switch from SIM to live trading with NT, you will have to pay a license fee.


When you sign up with Dorman they give you a free license to trade live, so you don't have to pay for NinjaTrader. The problem is becasue it's free it disables the ATM, and the edit ninjascript function. You can solve the edit problem by just using a sim key. If you use the ATM then you will need to lease the software or just buy it.

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  #8 (permalink)
Prague, CZ
 
 
Posts: 10 since Dec 2009
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Hi, recenly I was recommended to use zen-fire. Friends made tests and it is comparable with good commercial data feeds and it is free. For me it was great discovery. Till then, I'd always had issues with data sources and manipulation (I'd used IB's data feed for simulated data and for downloading historical data - only for active contract are available on IB).

petemm

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  #9 (permalink)
Prague, CZ
 
 
Posts: 10 since Dec 2009
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One more thing - my opinion is limited expensions when backtesting and papertrading (sim trades) and controlled expensions when go live - saving some money (comparable with one single stop loss) for large effort does not make sense for me

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  #10 (permalink)
Toronto
 
Experience: Advanced
Platform: NinjaTrader
 
Posts: 108 since Sep 2009
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cbratton View Post
When you sign up with Dorman they give you a free license to trade live, so you don't have to pay for NinjaTrader. The problem is becasue it's free it disables the ATM, and the edit ninjascript function. You can solve the edit problem by just using a sim key. If you use the ATM then you will need to lease the software or just buy it.

If you don't need the ATM strategies then it's better to go with the option that waives the license fees... however, keep in mind that ATM strategies allow you to place a stop alongside your order with a single keystroke, and can be useful if you trade fast-moving markets on a short time frame. If you trade something that moves relatively slowly, I wouldn't bother with it as you can just place the stops manually yourself.

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