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1.Unless you are purely scalping( by definition, going for a few ticks and are no longer in the market for 1 min...) then you need to go to a higher time frame chart. a 233 bar chart creates way tooo much noise.. To give you an idea, i use a 3000 volume chart on NQ(you don't have to use what i use)...i take no more than a few trades a day( i actually trade the YM instead), but go for bigger profits. This reduces risk because every time you trade, you take risks. It also makes you pay less in commission.
2.Iq feed will have nothing to do with your broker, but i suggest you get a quality feed.
3. I honestly don't think that you should be doing 100+ trades in one week, unless you scalp. The market doesn't offer that many good risk reward opps. Specially if your starting out. Find one good setup, trade it until you've mastered it... Then learn something else. After you're profitable every month for 3 months straight on sim, then go to cash.
4. If you want some advice on trading, take all your indicators off, place a line at yesterdays high, place one at yesterday's low, and look for failures..... Thats what the pros' do to make money. They don't trade the crap in the middle.
5. DO NOT TRADE CASH IF YOU CAN'T MAKE MONEY ON SIM.
I just saw you use TT feed, thats not a good feed, get a quality feed.
One quick note... if your on TT feed, make sure you don't trade when the cash session is closed(basically 9:30-4:15 only). Your broker should have told you that. If you do trade after 4:15, you get misreported fills, which sounds like what your describing.
Thank you, your advice is very useful. Imagine that AMP(another az broker) didn't tell me that TT setup may be the worst neither they mentioned of any particular cash schedule. Overall I am finding better help here @ futures.io (formerly BMT) than with support from Ninja, Broker etc.
Please PM or post here of your preference on “quality datafeed”. If I will leave zen out, the choice would be eSignal or DTN-IQ – And by the time kinetick is ready for trading live, I may not trade at all.
About “misreported fills”, you’re right since occurred on 06/15/2010 between 3:00 AM and 5:00 AM (CT) and as you mentioned off cash hours.
No prob... i can't believe they didn't tell you that.
If you're not using bid/ask studies, and using time charts( as opposed to volume, tick,range charts...etc), then i think TT should be fine. Zen is better, but imo it shouldn't matter. Once you get into time independent charts, then you should just skip zen and TT and go straight to iq feed.
I actually like how everything gets reported with velocity( which is the TT feed your using), but its limitations and problems with ninja, i decided to use a different broker, again.
I actually had TT feed just for execution, and still use IQ feed for chart data.
In terms of feeds, i think IQ feed is best, and kinetic is the exact same thing as Iq feed, except you can only use it with ninja, and nothing else.
(with hopes of some improvement this is a continuation of some other comments I’ve posted on nexusfi.com (formerly BMT) – I’ve got here due to having ties in real life with other members of nexusfi.com (formerly BMT). Other reasons for …
The only problems I enounter is when I switch a setting and get a message that "NT has encountered a problem and needs to shut down," but that also occurred in b17. Otherwise, I see no difference in performance.
I should note that I don't use exotic indicators despite running 6-8 ATS simultaneously.
