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MultiCharts, MultiCharts, MultiCharts...
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MultiCharts, MultiCharts, MultiCharts...

  #501 (permalink)
Site Administrator
Manta, Ecuador
 
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legend4life View Post
You would be ok using IQfeed for the real-time chart even if trading through Zenfire, I assume because they match exactly?

They don't match exactly. Zen fire is generally regarded as slightly faster (milliseconds), while IQfeed is generally regarded as much more accurate (no dropped bid/ask or out of order ticks). But trading via a Zen Fire broker while using IQfeed is not a problem, I did it for a long time.

Mike

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  #502 (permalink)
Elite Member
New York, NY
 
Futures Experience: Intermediate
Platform: Sierra Chart, thinkorswim
Broker/Data: Amp-Rithmic/TT, IB
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Big Mike View Post
They don't match exactly. Zen fire is generally regarded as slightly faster (milliseconds), while IQfeed is generally regarded as much more accurate (no dropped bid/ask or out of order ticks). But trading via a Zen Fire broker while using IQfeed is not a problem, I did it for a long time.

Mike

So the benefit is convenience/accuracy/consistency between the historical and real-time charts this way? Just curious. what you are using now?

 
  #503 (permalink)
Site Administrator
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legend4life View Post
So the benefit is convenience/accuracy/consistency between the historical and real-time charts this way? Just curious. what you are using now?

I was using Zen Fire because that was my broker. So executions = Zen Fire. For data, I used IQfeed.

Now I've switched brokers (some time ago). So my broker is TradingTechnologies (backend), executions = TT. For data, I still use IQfeed.

As for why I use IQfeed, the answer is because it is the best

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.

 
  #504 (permalink)
Elite Member
New York, NY
 
Futures Experience: Intermediate
Platform: Sierra Chart, thinkorswim
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Big Mike View Post
I was using Zen Fire because that was my broker. So executions = Zen Fire. For data, I used IQfeed.

Now I've switched brokers (some time ago). So my broker is TradingTechnologies (backend), executions = TT. For data, I still use IQfeed.

As for why I use IQfeed, the answer is because it is the best

Mike

Did you notice any difference in execution or DOM speed between Zen Fire and TT? What platform are you using for execution?

I'm considering moving to the MultiCharts DT platform, looking into brokers/feeds, thinking of Rithmic/IQfeed, but hadn't considered TT.

 
  #505 (permalink)
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No I couldn't tell any difference between Zen and TT. Since I've been using MultiCharts for charting over a year now, I've used NT 6.5 for DOM+execution, X_Trader, and recently Sierra Chart.

I'll take a look at MC7 for execution when it works. It seems their production schedule has slowed down a lot in the last year, so it may be another six months or so before MC7 is final, although I've heard that an updated beta is due next week. Their past betas have been stable, so I'll cross my fingers.

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.

The following user says Thank You to Big Mike for this post:
 
  #506 (permalink)
Elite Member
Springfield, MO
 
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MCDT & MC7

I love the chart resolution that MC offers - easy on my eyes. Setting up the symbols correctly can be a chore, but once you get use to the specifics, it works well. This may be due to the feed I am currently using - Rithmic. Other feeds may be different, such as TT. Don't know yet.

First, I have read the thread more than once and yes, I could have missed the information that I am about to ask for in this post. but the thread has been informative:

1. Does MCDT have simulated trading mode?
2. Does MCDT have the Force Index indicator?
3. Does anyone know if MC7 will have manual trading (chart trading, DOM) with simulated trading mode?

Thanks for bother and your input. I did a "Live Chat" with MC today and when I asked these questions, they diconnected the chat. I may have been asking the wrong questions and I may be asking the wrong question here on this thread. And for that, I apologize for wasting anyone's time.

Thanks!

 
  #507 (permalink)
Trading Apprentice
Hannover / Germany
 
Futures Experience: Advanced
Platform: X_Trader / Multicharts / Sierra Chart
Broker/Data: Mirus Futures/Zen-Fire, Velocity / TT
Favorite Futures: GC,6E,ES
 
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Posts: 32 since Aug 2010
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Affliction View Post
I love the chart resolution that MC offers - easy on my eyes. Setting up the symbols correctly can be a chore, but once you get use to the specifics, it works well. This may be due to the feed I am currently using - Rithmic. Other feeds may be different, such as TT. Don't know yet.

First, I have read the thread more than once and yes, I could have missed the information that I am about to ask for in this post. but the thread has been informative:

1. Does MCDT have simulated trading mode?
2. Does MCDT have the Force Index indicator?
3. Does anyone know if MC7 will have manual trading (chart trading, DOM) with simulated trading mode?

Thanks for bother and your input. I did a "Live Chat" with MC today and when I asked these questions, they diconnected the chat. I may have been asking the wrong questions and I may be asking the wrong question here on this thread. And for that, I apologize for wasting anyone's time.

Thanks!

1. As my thinking - no, but you can connect to any demo account from the broker list.
2. I don't think so
3. You mean, as similar in Ninja 7? - no, or I don't find it. once again - you can connect to any demo account you have created by your broker. ( I've done it with mirus )

I trade since last week with MC 7 ( I know it's alpha) but I#m deep impressed how stable and smotth and fast it is. ( I have 3 different workspaces and detached windows on 3 screens. Ninja has taken the duble time as MC did. And the chat support is also very helphul. I had yesterday the same problem disconnected in chat, but I get afterwords a mail from support, - it was only a personal mistake - not the wrong question ;-)

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  #508 (permalink)
Site Administrator
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Posts: 46,240 since Jun 2009
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There is no sim mode. It's something I've talked to Dennis about many months ago, I think his answer was basically "yes, we want it too, but can only do so much at once". So, I think just give them some time --- but, be sure your needs are voiced on their project management site, MultiCharts Project Management

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.

The following user says Thank You to Big Mike for this post:
 
  #509 (permalink)
Elite Member
Atlanta, GA.
 
Futures Experience: Intermediate
Platform: metatrader
Broker/Data: mbtrading
Favorite Futures: forex
 
Posts: 8 since May 2010
Thanks: 0 given, 0 received

mcdt order entry with MBtrading

Has anyone been successful in placing live orders with MCDT. I have tried to test it out buit all orders have been rejected by mbtrading. The trade log says reason is "Invalid time in force [Day]".

I wonder if I have the settings right for forex in Qoute manager. I have use exchange and ecn checked.

Any help one could offer would be appreciated.

Doug

 
  #510 (permalink)
Administrator: Retired Backtester
 Vendor: speedytradingservers.com 
Rennes France
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: IB/Kinetick
Favorite Futures: Futures
 
sam028's Avatar
 
Posts: 3,366 since Jun 2009
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Yes, it's possible, you just have to change the TIF (Time In Force) to GTC, and avoid Day.
I had the same problem, with MCDT and MBT.


kdmezz View Post
Has anyone been successful in placing live orders with MCDT. I have tried to test it out buit all orders have been rejected by mbtrading. The trade log says reason is "Invalid time in force [Day]".

I wonder if I have the settings right for forex in Qoute manager. I have use exchange and ecn checked.

Any help one could offer would be appreciated.

Doug


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