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Cloud.MarketDelta.com Cloud Based Platform


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Cloud.MarketDelta.com Cloud Based Platform

  #41 (permalink)
 
SatchFan's Avatar
 SatchFan 
Jefferson City, Missouri
 
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader Brokerage
Trading: CL ES
Posts: 223 since Mar 2010
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MarketDelta View Post
Time based charts for now but more on the way. All the drawing tools will be coming soon as well. It is a very solid platform that covers all the bases for the average user, but sophisticated or power users will have wait for their feature sets.

Interesting concept. Looks like I will be waiting for the feature set that includes renko's before I take a free trial. But since I just bought BookMap and PriceSquawk I doubt I would use it for real trading for some time. This is still a great direction to take trading and I hope it all goes well for everyone involved! Looking forward to the day this can do ANYTHING that Ninja can do!

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  #42 (permalink)
 
MarketDelta's Avatar
 MarketDelta 
Chicago IL/US
 
Experience: Master
Platform: MarketDelta Cloud
Broker: CQG
Trading: All Futures
Posts: 66 since May 2012
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NT Brokerage View Post
@MarketDelta
We had a customer ask us to enable this service. Since this is new to us, we checked with CQG on the procedure and they informed us that to enable your service, it will cost $25 per month per user plus $0.25 per contract. This conflicts with your website that references the service is free of charge. Can you please clarify?

Hi NT, first I will clarify the pricing. The prices you mention are related to order routing costs and charged by CQG via the broker, not MarketDelta. No matter the platform, there are order routing costs (as you well know) and these are either passed along or massaged into other transactional costs that occur when someone trades.

MarketDelta Cloud does NOT charge a monthly/quarterly/annual subscription fee or a "lifetime" license fee. The MarketDelta Cloud is free and we do not charge the customer to access our cloud based trading and charting platform. If the customer decides to open a live trading account order routing fees and CME fees apply and would reflect on their statement.

Secondly, and on a more personal note, MarketDelta has instructed CQG to cut off access to the MarketDelta Cloud for NinjaTrader Brokerage effective immediately. This simply means customers who want to use MarketDelta Cloud will need to use it at any broker other than Ninjatrader brokerage. I am sure you understand the logic behind it.

+1 for all the other brokers out there!

If you have any questions about the products or services offered by MarketDelta, please send me a Private Message or use the futures.io " Ask Me Anything" thread.

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  #43 (permalink)
Alphachase
Nicosia, Cyprus
 
Posts: 191 since Dec 2013
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mattz View Post
No we don't. Some platforms are only only 10 cents per side driven by CQG data.
Different FCM, and IBs may have a different arrangements.
Thank you.

Matt
Optimus Futures

There is a risk of loss in futures trading. Past performance is not indicative of future results.

Well, I know how the things work. My point is very clear - the platform is free for everyone. Associated costs and picking a broker are a totally different animal.

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  #44 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
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Swing Trader
 
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Alphachase View Post
Well, I know how the things work.

Speaking of which, what firm are you with? Your profile needs to be updated.

Mike

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  #45 (permalink)
Alphachase
Nicosia, Cyprus
 
Posts: 191 since Dec 2013
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Yes, I'm going to update it. I hold accounts with different FCMs, but primary one is with Interactive.

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  #46 (permalink)
 
mattz's Avatar
 mattz   is a Vendor
 
Posts: 2,493 since Sep 2010
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@MarketDelta

Trevor, If I can put in my 2 cents. MarketDelta Cloud should focus more on the execution side as well as the admin side of execution (ie reporting).

In my experience, experienced traders usually care more about the execution and reporting, not all the fancy and irrelevant stuff that beginners are fascinated with. I.E experienced traders are not in the business of learning methods. In that regard, the MD Cloud should not compete in terms of features with other platforms.
I assure you that most organized traders want one solution for execution.

Also, as beginners become more advanced, they also navigate towards simplicity, so the input from those who trade is priceless. Keep in in mind that even the most sophisticated traders use approximately 20% from all the available bells and whistles, so any suggestions should always be viewed against the question of "Will traders use it and is it necessary?".

I know, one day at a time. Good Start Trev! Proud of you.

Matt
Optimus Futures

There is a risk of loss in futures trading. Past performance is not indicative of future results.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
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  #47 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
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@MarketDelta Trevor, just out of curiosity, how long ago did you decide to make this cloud product? And how much actual development time was spent bringing it to market after you gave the green light?

Mike

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  #48 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,398 since Jun 2009
Thanks Given: 33,173
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mattz View Post
@MarketDelta

Trevor, If I can put in my 2 cents. MarketDelta Cloud should focus more on the execution side as well as the admin side of execution (ie reporting).

In my experience, experienced traders usually care more about the execution and reporting, not all the fancy and irrelevant stuff that beginners are fascinated with. I.E experienced traders are not in the business of learning methods. In that regard, the MD Cloud should not compete in terms of features with other platforms.
I assure you that most organized traders want one solution for execution.

Also, as beginners become more advanced, they also navigate towards simplicity, so the input from those who trade is priceless. Keep in in mind that even the most sophisticated traders use approximately 20% from all the available bells and whistles, so any suggestions should always be viewed against the question of "Will traders use it and is it necessary?".

I know, one day at a time. Good Start Trev! Proud of you.

Matt
Optimus Futures

There is a risk of loss in futures trading. Past performance is not indicative of future results.

I agree with some of what you are saying.

However, when I think of cloud - I think of availability, performance, scalability, accessibility. My first thoughts aren't about features, except that certain features are hopefully far faster (performance).

For example, a cloud based platform that supported backtesting would be a no brainer in the cloud, in my opinion. This is because the platform can be built to off-load all the heavy lifting to the back-end servers, and hide all of that from the end-user. All the tick data is local to the cloud, and the cloud can spin off a task to do a backtest on behalf of the user and leverage far more scalable computing power to do it.

Obvious other advantages are in the ability to have a single point of reference. One workspace, anywhere. Whether it's my workstation, my tablet, or my phone, I don't have to make compromises. That's an advantage of the cloud.

If the platform is capable of running automated trading, then for most users who don't already co-locate, the latency advantage would be big. For those that do co-locate, they are doing their own thing anyway and aren't likely to be looking for this type of solution as a replacement.

I do agree with the reporting and analytical side of what you said @mattz. Definitely an area where TT has an advantage when it comes to firms/dealers/funds/managers.

Mike

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  #49 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
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Swing Trader
 
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Just accessed the demo site for the first time.

It seems it only works with single sign on options with Google, Yahoo or AOL (seriously, AOL?). While those are handy, I don't like being forced to tie it to one of them, mainly because I have like 5 google accounts and am not signed in to the right one right now, and can't easily switch without disrupting a lot of other stuff in other tabs.

So, first feedback @MarketDelta is give us an independent option to sign-up without the single sign on from these providers. I assume there are others like me, and I just closed the page.



Mike

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  #50 (permalink)
 TraderFish 
Sydney, NSW Australia
 
Experience: Intermediate
Platform: Ninjatrader
Trading: ES, CL
Posts: 26 since May 2015
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@MarketDelta just FYI the demo issue is resolved now :-) Look forward to havign a play and will let you know what I think

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Last Updated on April 2, 2019


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