IRT vs CRITICAL DATA or RANCHO DINERO - Investor/RT | futures io social day trading
futures io futures trading


IRT vs CRITICAL DATA or RANCHO DINERO
Updated: Views / Replies:15,825 / 42
Created: by MadTr8r Attachments:2

Welcome to futures io.

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

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

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

Reply
 2  
 
Thread Tools Search this Thread
 

IRT vs CRITICAL DATA or RANCHO DINERO

  #21 (permalink)
 Vendor: www.marketdelta.com 
Chicago IL/US
 
Futures Experience: Master
Platform: MarketDelta Cloud
Broker/Data: CQG and IQFeed
Favorite Futures: All Futures
 
MarketDelta's Avatar
 
Posts: 64 since May 2012
Thanks: 7 given, 92 received


trendisyourfriend View Post
... The advantage of using Ninja is that you don't need a secondary application to place your orders.

MarketDelta and IRT now have integrated trading capability using MarketDelta Trader. Trader is the dedicated trading and order automation engine used to allow for chart trading and automated trading with IRT and MD. Trader works with the CQG and OEC order routing systems. Vankar uses the OEC order routing system so this will be a great solution for anyone looking to use Vankar as their broker.

If you have any questions about the integration contact IRT or MD and I am sure someone will be happy to help.

Reply With Quote
The following user says Thank You to MarketDelta for this post:
 
  #22 (permalink)
 Vendor: www.marketdelta.com 
Chicago IL/US
 
Futures Experience: Master
Platform: MarketDelta Cloud
Broker/Data: CQG and IQFeed
Favorite Futures: All Futures
 
MarketDelta's Avatar
 
Posts: 64 since May 2012
Thanks: 7 given, 92 received


tickleboy View Post
I ... Lifetime membership
... Volume Profile. (aka Market Profile)

MarketDelta and IRT do not offer lifetime license because they both license the CBOT Market Profile graphic directly from the CME Group. This requires the companies to have to remit fees to the CME Group each month. Of course they could try to circumvent this by not registering or paying for the Market Profile trademark, but MarketDelta and IRT have taken the high road in respecting the intellectual property of the owner. Because of this they are required to remit fees for each license that has Market Profile enabled and thus not able to sell lifetime licenses.

Reply With Quote
The following 2 users say Thank You to MarketDelta for this post:
 
  #23 (permalink)
Elite Member
Quebec
 
Futures Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: Stage 5 trading/AMP/CQG
Favorite Futures: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,698 since Oct 2009
Thanks: 3,041 given, 4,498 received



MD Trevor View Post
MarketDelta and IRT do not offer lifetime license because they both license the CBOT Market Profile graphic directly from the CME Group. This requires the companies to have to remit fees to the CME Group each month. Of course they could try to circumvent this by not registering or paying for the Market Profile trademark, but MarketDelta and IRT have taken the high road in respecting the intellectual property of the owner. Because of this they are required to remit fees for each license that has Market Profile enabled and thus not able to sell lifetime licenses.

Regarding the license, does it mean anyone that wants to develop a tool that looks like a Volume or TPO profile needs to get a license from the CME? Or is it just a marketing consideration? I mean is it just the designation "Market Profile" that is protected or the whole idea of representing price as a bell curve? I am asking this as i would like to know how a vendor such as Rancho Dinero can sell his product(s) wihout incurring any legal penalties?

Reply With Quote
 
  #24 (permalink)
Elite Member
La Jolla, CA
 
Futures Experience: Master
Platform: Sierra Chart, X_Trader Pro, OptionsCity
Broker/Data: Advantage, Trading Technologies, OptionsCity, IQ Feed
Favorite Futures: CL, NG
 
Private Banker's Avatar
 
Posts: 1,040 since Jul 2010
Thanks: 1,713 given, 3,759 received


MD Trevor View Post
MarketDelta and IRT now have integrated trading capability using MarketDelta Trader. Trader is the dedicated trading and order automation engine used to allow for chart trading and automated trading with IRT and MD. Trader works with the CQG and OEC order routing systems. Vankar uses the OEC order routing system so this will be a great solution for anyone looking to use Vankar as their broker.

If you have any questions about the integration contact IRT or MD and I am sure someone will be happy to help.

@MD Trevor,

I like the MD DoM but not sure about the plain footprint chart. Is it possible to detach the DoM and use it as a stand alone along side MD's standard footprint chart that allows one to add other indicators such as value channels, etc.? Or are there plans to enhance the attached footprint chart capabilities?

Thanks,
PB

Reply With Quote
 
  #25 (permalink)
 Vendor: www.marketdelta.com 
Chicago IL/US
 
Futures Experience: Master
Platform: MarketDelta Cloud
Broker/Data: CQG and IQFeed
Favorite Futures: All Futures
 
MarketDelta's Avatar
 
Posts: 64 since May 2012
Thanks: 7 given, 92 received


Private Banker View Post
@MD Trevor,

I like the MD DoM but not sure about the plain footprint chart. Is it possible to detach the DoM and use it as a stand alone along side MD's standard footprint chart that allows one to add other indicators such as value channels, etc.? Or are there plans to enhance the attached footprint chart capabilities?

Yes PB, in the near future there will be functionality to "put away" the plain footprint so you can just use the DoM alongside the MD's Standard Footprint (or any other chart) and indicators.

Reply With Quote
The following 2 users say Thank You to MarketDelta for this post:
 
  #26 (permalink)
Elite Member
Arizona and Nevada
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: stocks
 
Posts: 22 since Jun 2012
Thanks: 14 given, 6 received

So MadTr8r, did you make a decision as to which one to use?

Reply With Quote
 
  #27 (permalink)
Elite Member
Rio de Janeiro - Brazil
 
Futures Experience: Advanced
Platform: Sierra Chart
Broker/Data: Stage5/IQFeed
Favorite Futures: ES
 
GentleTrader's Avatar
 
Posts: 85 since Jun 2009
Thanks: 6 given, 47 received

I'm using Rancho Dinero, coming from a long time with IRT. It's really good.

Reply With Quote
The following user says Thank You to GentleTrader for this post:
 
  #28 (permalink)
in a meditative state...
Portugal
 
Futures Experience: Advanced
Platform: Multicharts, Jigsaw
Broker/Data: Stage5, OEC
Favorite Futures: Treasuries
 
arnie's Avatar
 
Posts: 802 since May 2010
Thanks: 709 given, 976 received


trendisyourfriend View Post
Regarding the license, does it mean anyone that wants to develop a tool that looks like a Volume or TPO profile needs to get a license from the CME? Or is it just a marketing consideration? I mean is it just the designation "Market Profile" that is protected or the whole idea of representing price as a bell curve? I am asking this as i would like to know how a vendor such as Rancho Dinero can sell his product(s) wihout incurring any legal penalties?

I'm sure it's a trademark issue.

Market Profile is a CME trademark as Footprint is a MD trademark. If you want to use their name you need to pay the fee.

Look at Sierra. For Market Profile they called it TPO, for Footprint they called it Numbers Bars and for Volume Profile they called it Volume by Price. The end result is the same but the names are different, so, no trademark fees.

If I become half a percent smarter each year, I'll be a genius by the time I die
Reply With Quote
The following 2 users say Thank You to arnie for this post:
 
  #29 (permalink)
Elite Member
London + UK
 
Futures Experience: Advanced
Platform: Proprietary Analytics
Broker/Data: Multiple broker + Multiple feed
Favorite Futures: Currently European and US equities
 
sands's Avatar
 
Posts: 432 since Dec 2013
Thanks: 223 given, 205 received

Any new feedback on this a couple years on? I'm looking at all these products as well as others providing order flow analytics.

Personally I prefer the option of having a lifetime licence, as it can be a fixed cost that can be recouped rather than adding another monthly outlay on top of data and other fees. But that's not ruling any options out at this point :-)

Reply With Quote
 
  #30 (permalink)
 Vendor: www.linnsoft.com 
Milton, GA
 
Futures Experience: Intermediate
Platform: Investor/RT, MarketDelta
Broker/Data: DTN IQFeed
Favorite Futures: ES
 
LS Chad's Avatar
 
Posts: 150 since Apr 2010
Thanks: 2 given, 135 received



sands View Post
Any new feedback on this a couple years on? I'm looking at all these products as well as others providing order flow analytics.

Personally I prefer the option of having a lifetime licence, as it can be a fixed cost that can be recouped rather than adding another monthly outlay on top of data and other fees. But that's not ruling any options out at this point :-)

Linn Software has had the same development team in place for over 18 years. That development team is putting just as much effort into improving the product in February 2014 as it did in February 1996, although now armed with a great deal more knowledge and experience. Every month, we add more value to the product. Every month, we react to changes in underlying technologies to keep the product humming along optimally. We anticipate this will still be the case in 10 years, 20 years. We don't have a "finished product" to sale you a lifetime license to, we have a continually improving product. That's one of the reasons we use a monthly pricing model. This month, you're paying for one product, next month, you're paying for a better product, and in April, even better. The product in April 1998 would be of no value to you today, so that lifetime license wouldn't be much of a "lifetime". If we tried to put a price on our product today, we would have to factor in future development and that is very difficult to forecast. I think the monthly pricing model is very healthy on both ends: it motivates the trader to cover his monthly costs and it motivates the developer to keep making the product better due to constant reliance on the monthly leases. A lifetime license is something we tried long ago. It just did not work for us and we've been very happy with the monthly pricing model for a long time. We've been doing this a long time and don't plan on stopping, and we just feel that paying monthly works best all the way around. If we had spent a year hiring someone to develop something for us, and then wanted to sale our finished product, it would be different. But the development team will be hard a work today making the product better.

Reply With Quote
The following user says Thank You to LS Chad for this post:

Reply



futures io > > > > IRT vs CRITICAL DATA or RANCHO DINERO

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
TriggerLines for IRT trendisyourfriend Investor/RT 7 July 28th, 2013 03:05 PM
Europe Enters Critical Ten Days to Avert Disaster Quick Summary News and Current Events 0 November 30th, 2011 07:20 AM
U.S. Dollar: Another Critical Test In The Week Ahead Quick Summary News and Current Events 0 November 6th, 2011 07:00 AM
Critical Thinking Skills Anagami The Elite Circle 1 April 6th, 2011 06:23 PM
Critical advisory for users of NinjaTrader 6.5.1000.14 or earlier NinjaTrader NinjaTrader 1 March 31st, 2011 12:29 PM


All times are GMT -4. The time now is 03:56 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, 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
Page generated 2017-12-17 in 0.16 seconds with 20 queries on phoenix via your IP 107.20.115.174