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IRT vs CRITICAL DATA or RANCHO DINERO
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IRT vs CRITICAL DATA or RANCHO DINERO

  #1 (permalink)
Trading Apprentice
Chicago
 
Futures Experience: Master
Platform: Tradestation, Ninja
Favorite Futures: ES CL GC 6E 6A ZB
 
Posts: 12 since Dec 2010
Thanks: 6 given, 2 received

IRT vs CRITICAL DATA or RANCHO DINERO

Anyone share their thoughts on the two alternates to IRT, looking for something without an monthly subscription for MP and VP, Market Delta and IRT do NOT offer lifetime licenses. Has anyone had equally good results using Critical Data and/or Rancho Din products appreciate the feedback

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  #2 (permalink)
Elite Member
BOSTON, MA
 
Futures Experience: Advanced
Platform: Tradestation, TOS
Favorite Futures: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,240 received

day trading oil futures without indicators


MadTr8r View Post
Anyone share their thoughts on the two alternates to IRT, looking for something without an monthly subscription for MP and VP, Market Delta and IRT do NOT offer lifetime licenses. Has anyone had equally good results using Critical Data and/or Rancho Din products appreciate the feedback

Traders using Ninja trader and not needing delta foot print. following option is a good option


http://ftp.fin-alg.info/TPOChart/TPOChart%20User%20Guide.pdf


Here is a link to market Profile checklist.

http://dnn.windotrader.com/Blog/WindoViews/tabid/88/EntryId/13/January-2011-WindoViews-Market-Profile-Software.aspx

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  #3 (permalink)
~R!$K~
Volcano, HI
 
Futures Experience: None
Platform: Ninja
Broker/Data: AMP/CQG
Favorite Futures: Futura2000
 
dakine's Avatar
 
Posts: 188 since Dec 2009
Thanks: 379 given, 131 received


Why not use Gomi's stuff? Before getting rid of Market Delta I did some comparisons and it is just as accurate. I am not using MP but VP and the Bis/Ask Ladder. I say save your money...

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  #4 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,351 given, 83,221 received

I do not believe it is fair to compare an entire platform (IRT/MD) to an add-on to an existing platform.

IRT has a lot of functionality that is not available through any practical means or add-ons with NinjaTrader (or other platforms).

That said, if you don't need any of that functionality and are perfectly happy with NinjaTrader, except you want persistent bid/ask and cumulative delta or market profile studies, then Gomi's work is the way to go (free for all Elite Members here). I've also heard some good things about Rancho Dinero, but don't know much about it. So you should do your own homework before deciding.

I think if you are a very serious MP or VP trader, then IRT or MD is really the best choice. You simply cannot emulate all of its capabilities with other platforms.

Last, you aren't limited to just one platform. You can have multiple ones, and use them differently to provide you the best of all worlds. Of course, you should be completely prepared to pay for this.

With regards to lifetime license or no monthly costs... I don't think that should carry much weight. If you are actively trading a funded account, then $50-$100 a month in platform fees is nothing to get upset over, just like you don't get upset over having to pay IQFeed for quality data. It is like fuel for your car, it is just part of it.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
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6)
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  #5 (permalink)
Elite Member
Chicago, IL
 
Futures Experience: None
Platform: NT8,NT7,TWS,FOREX.COM app
Broker/Data: InteractiveBrokers, NinjaTrader Brokerage FOREX.COM, IQFeed
Favorite Futures: The one I'm creating in the present....ES, ZF, ZN, ZB, FX pairs
 
Blash's Avatar
 
Posts: 1,560 since Nov 2011
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Rancho Dinero user here and am extremely happy with him/it. The guy is prolific a super smart ex Microsoft dude and most of all a very serious trader. I would be to speak with you regarding anything you might like to know. I can just say that most people use IRT for MP VP but I believe they don't yet understand NinjaTrader/Rancho and just follow the crowd. And as he says the best it yet to come! (which just blows me away because his stuff is so good and he is so very generous....he really feels a strong need to give back)

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  #6 (permalink)
Elite Member
BOSTON, MA
 
Futures Experience: Advanced
Platform: Tradestation, TOS
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mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
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irt


Blash View Post
Rancho Dinero user here and am extremely happy with him/it. The guy is prolific a super smart ex Microsoft dude and most of all a very serious trader. I would be to speak with you regarding anything you might like to know. I can just say that most people use IRT for MP VP but I believe they don't yet understand NinjaTrader/Rancho and just follow the crowd. And as he says the best it yet to come! (which just blows me away because his stuff is so good and he is so very generous....he really feels a strong need to give back)

Hi Blash,

I am looking at both IRT and Rancho Dinero. Do you mind outlining advantages of Rancho Dinerio vs IRT or similar charting packages.

Thanks,

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  #7 (permalink)
Elite Member
Chicago, IL
 
Futures Experience: None
Platform: NT8,NT7,TWS,FOREX.COM app
Broker/Data: InteractiveBrokers, NinjaTrader Brokerage FOREX.COM, IQFeed
Favorite Futures: The one I'm creating in the present....ES, ZF, ZN, ZB, FX pairs
 
Blash's Avatar
 
Posts: 1,560 since Nov 2011
Thanks: 4,527 given, 2,340 received
Forum Reputation: Legendary

To do the entire process justice.... have you get more out of it and make it easyer for me all at the same time ...I can share my screen with you sometime this week. What do you say?

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  #8 (permalink)
Market Wizard
Bangkok
 
Futures Experience: Intermediate
Platform: MultiCharts.NET, S5, Ninj
Broker/Data: AMP, S5, IB
Favorite Futures: ES
 
DionysusToast's Avatar
 
Posts: 2,670 since Nov 2010
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I'm an IRT user but I'm getting a bit peeved with it right now. It's buggy and I have to keep reloading stuff...

Would consider an alternative but it would need to be one that doesn't require me to have my PC on 24x7 - I'm in a Tropical country and don't really want to run the air con 24 hours. It's 100 degrees today and the PC will fry if I leave it on.

The attraction of I/RT was that it gets the data it needs when you need it.

Any of the alternatives do that?

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  #9 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,351 given, 83,221 received


DionysusToast View Post
Any of the alternatives do that?

Sierra has proper bid/ask backfill from DTN, like IRT and MD. I don't know of any other platform that does this.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following 2 users say Thank You to Big Mike for this post:
 
  #10 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,351 given, 83,221 received



DionysusToast View Post
I'm an IRT user but I'm getting a bit peeved with it right now. It's buggy and I have to keep reloading stuff...

Have you reported the problems to Chad? He seems to be receptive and fix things at a quick pace.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following user says Thank You to Big Mike for this post:

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