Advantage changing from Rithmic to Continuum? - futures io
futures io



Advantage changing from Rithmic to Continuum?


Discussion in Brokers

Updated
      Top Posters
    1. looks_one ostadler with 2 posts (0 thanks)
    2. looks_two Quick Summary with 1 posts (0 thanks)
    3. looks_3 PositiveDeviant with 1 posts (1 thanks)
    4. looks_4 Slava23 with 1 posts (0 thanks)
    1. trending_up 2,539 views
    2. thumb_up 1 thanks given
    3. group 2 followers
    1. forum 4 posts
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

Advantage changing from Rithmic to Continuum?

(login for full post details)
  #1 (permalink)
 ostadler 
Munich, Germany
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Dorman/Rithmic
Trading: NQ, CC, ZN, ZB, ZF
 
Posts: 20 since Mar 2010
Thanks: 4 given, 5 received

Hi all,

I did quite some research on the board but could not find an answer yet, therefore this post.
I am trading with Ninjatrader on Rithmic right now (IQFeed as an additional data feed). Now I wonder if there would be an advantage in changing from Rithmic to Continuum. As I understand the OCO orders would sit server side with Continuum, which would be a big advantage imho, but are there any other points in which Continuum scores over Rithmic? As I trade while watching orderflow I need filterless data.

Thanks for any advice, help and tips that you can share,
many greetings,
Oliver

Started this thread Reply With Quote

Journal Challenge April 2021 results (now extended!):
Competing for $1800 in prizes from Jigsaw
looks_oneMaking a Living with the Microsby sstheo
(385 thanks from 39 posts)
looks_twoSalao's Journalby Salao
(85 thanks from 14 posts)
looks_3Learning to Profit - A journey in algorithms and optionsby Syntax
(59 thanks from 18 posts)
looks_4Deetee’s DAX Trading Journal (time based)by Deetee
(51 thanks from 23 posts)
looks_5Maybe a little bit different journalby Malykubo
(37 thanks from 23 posts)
 
Best Threads (Most Thanked)
in the last 7 days on futures io
The Crude Dude Oil Trading System
98 thanks
Help improve the FIO community
38 thanks
futures io site changelog and issues/problem reporting
33 thanks
Seasonal Trades
25 thanks
Spoo-nalysis ES e-mini futures S&P 500
22 thanks
 
(login for full post details)
  #3 (permalink)
Slava23
Arkansas USA
 
 
Posts: 45 since Feb 2011
Thanks: 8 given, 6 received


You can find much more opportunity if simply download and install different software for Rithmic data feed.
Usually Rithmic permit two connections in real time, so two programs better.
For charting - InvestorRT - linnsoft.com - You can try it 15 days and return money back if not happy.
For trading - Download Software - R|Trader itself, it is free. not Pro!, Pro cost $15 month.

Look at the examples of InvestorRT charts: Just follow line, Jan 30 | ChartHub

Only real problem with Rithmic data - it can lagged very large of market burst. So, keep command "%lag" on the chart permanently, better with alerts.

Best Regards

Reply With Quote
 
(login for full post details)
  #4 (permalink)
 ostadler 
Munich, Germany
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Dorman/Rithmic
Trading: NQ, CC, ZN, ZB, ZF
 
Posts: 20 since Mar 2010
Thanks: 4 given, 5 received

Hello Slava23,

thanks for your answer! But I already trade with Ninjatrader and I will stay with NT, so I am interested if there are any advantages within Ninjatrader if I switch from Rithmic to Continuum.

Thanks and greetings,
Oliver

Started this thread Reply With Quote
 
(login for full post details)
  #5 (permalink)
 PositiveDeviant 
United Kingdom
 
Experience: Intermediate
Platform: Multicharts
Trading: Dow
 
PositiveDeviant's Avatar
 
Posts: 587 since Nov 2010
Thanks: 257 given, 254 received


ostadler View Post
Hi all,

I did quite some research on the board but could not find an answer yet, therefore this post.
I am trading with Ninjatrader on Rithmic right now (IQFeed as an additional data feed). Now I wonder if there would be an advantage in changing from Rithmic to Continuum. As I understand the OCO orders would sit server side with Continuum, which would be a big advantage imho, but are there any other points in which Continuum scores over Rithmic? As I trade while watching orderflow I need filterless data.

Thanks for any advice, help and tips that you can share,
many greetings,
Oliver

Not sure if this is of any use to you but...

I asked Rithmic some time ago how they handle OCO orders trading through their R Trade execution platform.
"When a regular order is received by R | Trade Execution Platform (rithmic’s trading infrastructure), it is checked for many things including authentication, authorization and credit. Once it passes these checks, if the transaction type (buy, sell, stop, …) is supported by the exchange then it is forwarded to the exchange immediately. If the transaction type is not supported by the exchange then it is held on our servers until the criteria is met for its release to the exchange. this behavior is independent from the screen or program used to submit the order.

Strategies which require the release or cancellation of an order based upon the filling or completion of another order are handled a bit differently. In the case of a bracket order, the entry order is submitted to the exchange as described above and the bracket portion sits on our servers until the entry order is filled (or partially filled). As the entry order gets filled the bracket orders are then submitted to the exchange.

The main thing is that the orders are not sitting on your computer until the release criteria is met. They are either at the exchange or on our servers.

Not all commercial software supports our bracket and oco orders. R | Trader and R | Trader Pro, which are our own screens, do support bracket and oco orders."
So the entry order for the bracket is held at exchange level and the bracket is held on their servers pending execution of the entry order.

I use Multicharts for analysis and data management and R Trade for execution.

"The primary thing required to obtain what you want from life, is simply the will to pursue it, and the faith to believe it is possible." - Author Unknown

"The ability to maintain discipline and stick to the rules is the hallmark of the experienced successful trader" - Curtis Faith
Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to PositiveDeviant for this post:


futures io Trading Community Trading Reviews and Vendors Brokers > Advantage changing from Rithmic to Continuum?


Last Updated on February 8, 2015


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
 

Journal Challenge w/$1,800 in prizes!

April

An Introduction to CME Group Micro Bitcoin Futures w/David Lerman

Elite only
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts