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MultiCharts, MultiCharts, MultiCharts...

  #501 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
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Swing Trader
 
Experience: Advanced
Platform: Custom solution
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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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Can you help answer these questions
from other members on NexusFi?
REcommedations for programming help
Sierra Chart
Cheap historycal L1 data for stocks
Stocks and ETFs
Pivot Indicator like the old SwingTemp by Big Mike
NinjaTrader
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
Quantum physics & Trading dynamics
The Elite Circle
 
  #502 (permalink)
 Futures Operator 
New York, NY
 
Experience: Intermediate
Platform: Sierra Chart, thinkorswim
Broker: Amp-Rithmic/TT, IB
Trading: CL, GC, NQ
Posts: 601 since Nov 2010
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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)
 
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 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: 50,469 since Jun 2009
Thanks Given: 33,246
Thanks Received: 101,669



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



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  #504 (permalink)
 Futures Operator 
New York, NY
 
Experience: Intermediate
Platform: Sierra Chart, thinkorswim
Broker: Amp-Rithmic/TT, IB
Trading: CL, GC, NQ
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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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 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
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Duration: Weeks
Posts: 50,469 since Jun 2009
Thanks Given: 33,246
Thanks Received: 101,669

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



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  #506 (permalink)
 Affliction 
Springfield, MO
 
Experience: None
Platform: SC
Trading: ES
Posts: 107 since Mar 2010
Thanks Given: 2,373
Thanks Received: 45

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)
razorbuzz
Hannover / Germany
 
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)
 
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 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: 50,469 since Jun 2009
Thanks Given: 33,246
Thanks Received: 101,669

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



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  #509 (permalink)
 kdmezz 
Atlanta, GA.
 
Experience: Intermediate
Platform: metatrader
Broker: mbtrading
Trading: forex
Posts: 8 since May 2010
Thanks Given: 0
Thanks Received: 0

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)
 
sam028's Avatar
 sam028 
Site Moderator
 
Posts: 3,765 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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Last Updated on July 24, 2011


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