Site Administrator Swing Trader Data Scientist & DevOps
Manta, Ecuador
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
Posts: 49,745 since Jun 2009
Thanks: 32,292 given,
97,490
received
There is an interesting platform out there called TradeVec. It's been in development for many years according to what info I found on the net, but is just very recently going public.
This is a brand new platform in an infant stage. There is only limited support for broker interfaces and data feeds. The learning curve usually takes several years, before such a platform takes off.
Sometimes I deliberately choose not to be a pioneer. Being a pioneer means that you are doing the work for those who follow your foot prints.
I will rather have a look at MultiCharts, as I believe that there is more value added.
The following user says Thank You to Fat Tails for this post:
Site Administrator Swing Trader Data Scientist & DevOps
Manta, Ecuador
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
Posts: 49,745 since Jun 2009
Thanks: 32,292 given,
97,490
received
I agree with you and am not considering the platform for daily use. However, I am looking it over to see what features are really cool to see if they could be useful on MultiCharts, and if so maybe convince programmers to start working on it.
Plus in the broader sense, competition is great! And I welcome a nice product like this that actually has a chance to gain some market share and attention to help stimulate the other major players to improve their product.
I am very much looking forward to helping the TradeVec team develop their newly launched platform/charting in the months ahead. This group has been brilliant in building up Cumulative Delta volume tools per my requests and I look forward to their platform with multi-feed capabilities. I am one of two prime beta testers at this time for their new Cumulative Delta candlesticks/tools (including a very nice custom HeikinAshi smoothed version), so I will keep you all informed of the progress. TradeVec is also moving full steam ahead with setting up full connectivity to DTN.IQ feed which is the premier feed for BID/ASK differential data work. In the next 4 to 6 weeks, the Cumulative Delta charting tools fed with DTN.IQ connectivity should be available to all TradeVec users.
My good trader friend Paul at Vcap Futures has helped the TradeVec team in their ongoing development work. Also, with traders like Mark Brown already fully on board using this platform/charting, I am looking forward to the expanding capabilities with TradeVec over time. In the months ahead, I myself will be shifting more of my own trading operations over to the TradeVec platform for all my "supply & demand" tracking based trading.
TradeVec has a well developed order entry Execution Zone layout which has combined some of the best features from other trade order entry matrix and DOM's. Also, their platform was specifically built to handle multiple feeds efficiently and that is very important to me for some of my trading systems. The overall platform is built for those who use C++ and in the months ahead traders will be able to do custom work once TradeVec makes that option available.
The next time Paul at Vcap Futures has a TradeVec informational webinar I will give you all a heads up so you can directly ask them any questions you have.
You have to activate (click on) Execution Mode to get your Execution Zones section to appear in your charts. Also, "right-click" anywhere in the Execution Zones area to pull up a window with Properties options......there you go.
Volume Profile may not yet be active yet.....send your screen shot to Paul @ Vcap as he will be the primary trainer for the TradeVec Platform in the months ahead;
Is there any update on TradeVec using DTN-IQFeed ? I'll be most interested in this combination. I've been doing some SIM-trading using the TradeVec/TT combination, however, a TradeVec/IQFeed combination should feel great.
This is a quick live recording (in QuickTime movie format and in a zip file) I made just now showing NT7/IQFeed/GOMVolumeLadder and TradeVec, side-by-side. I'm right now doing the comparison. I can't seem to get the "Auto Profit Target and Stop Loss" setup right; I'm still test-driving.
Ooops !!!!!!!!!!!!!! The zip file uploading is taking a long time because my internet connection speed just dropped. Meanwhile, see the attached screenshot. I'll still keep on trying to upload the zip file.
The availability of Volume studies -----> CumulativeDelta, DeltaVolume makes the platform attractive for Bid/Ask studies; and I love that. Its "management of latency" feature specifically during market volatility is also of benefit for internet connection of medium quality (e. g. wireless broadband).
I'm still comparing it with NT7/IQFeed and I'll post my experience before my 14-day trial period expires.
I've had an opportunity to test-drive the TradeVec platform for a few weeks. I've also been a Beta-Tester for NT7 since its launch. In my quest to have a good charting platform, I've had to use SierraChart too for a while. I'm at moment considering the following two options;
1. Use TradeVec for both my charting and Order execution.
2. Use NT7/IQFeed for my charting and NT7 DOM or X_Trader (I'm not yet comfortable with X_Trader) for my Order execution.
In the course of my above consideration, I have the following comparisons between TradeVec and NT7/GOMVolumeLadder.
Criteria 1: GUI
TradeVec has an exotic and compact User Interface that can be contained in a Workspace; unlike NT7 that has "dislocated" panels/Workspace.
TradeVec does not have a DOM, it however has what is called Execution Zone which does not have all the functionalities of a DOM; NT7 has two types of DOM but which are not automatically and basically available to subscribers.
Criteria 2: Platform Launching and Chart Loading
TradeVec platform launches without any blemish. NT7 launching could be problematic, sometime. Charts load seamlessly on TradeVec. Charts loading on NT7 could be very disturbing when NT misbehaves.
Criteria 3: Chart Types
NT7 has lots and lots of chart types (Minutes - daily, weekly, monthly; Tick; Volume; Range; Renko; PointandFigure; Kagi; etc). TradeVec is very very poor in chart types (it has only Minutes - daily, weekly, monthly; Volume; and what it calls EqualRange). I still don't understand the EqualRange chart type.
Criteria 4: Indicators
NT7 array of indicators cannot be matched, in any way, by TradeVec's. However, TradeVec comes with Volume studies that are not available on NT7 as built-in (thanks to GOMI for his VolumeLadder on NT).
NT7 indicators can be tweaked, tweaked and tweaked to various flavors of one's choice. TradeVec indicators are compiled into DLL and cannot be easily tweaked unless you delve into DLL studies.
Criteria 5: Data-feed connectivity
NT7 connects to more data-feed providers than TradeVec. NT7 connects to more than 10 data-feed providers. TradeVec currently connects to only TT, with connection to IQFeed under test.
Criteria 6: Documentation/User Manual
NT's User Manual and Documentation is comprehensive. TradeVec does not presently have any user Manual/Guide.
My view
If a trader's style is a simple "Price Action" set-up without the need for indicators, then TradeVec is it. TradeVec's Delta and Cumulative Delta studies is very attractive to traders with Bid and Ask studies set-ups.
At the moment, I love Bid and Ask studies. I'm still exploring the Bid and Ask studies capability of NT7/IQFeed/GOMVolumeLadder. I'll also explore the TradeVec/IQFeed when it is available.
Whenever it is necessary to update the above Review/Comparison, I'll gladly do so.
Lolu
The following 5 users say Thank You to lolu for this post:
I tried TravedVec and sincerily I don't like it, it seems to me a little rudimental platform far away from others NT7 too, the cumulative delta study work only on real time, an TT data feed is not good for these kind of study. The visual impact for charting is poor, and compared to NT there's no challenge, NT has, imho, the best visual charting impact and the best global view.
Then volume profile looks good but disapper if u enable trading tool.
Don't know about executions, maybe could be good if it has good integration with TT data that is fats data.
Lubo.
Take your Pips, go out and Live.
Luke.
The following user says Thank You to LukeGeniol for this post:
Lets see what TradeVec/IQfeed has to offer. In any case, if a trader's set-up requires just simple 20EMA and good CumulativeDelta study (via for example, IQFeed) on a 5-minute or 1024-volume chart, for a "Price Action"/Volume studies style, the visuality presented by this setup should suffice.
As regard trade execution, I'll include this in my next update review.
Site Administrator Swing Trader Data Scientist & DevOps
Manta, Ecuador
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
Posts: 49,745 since Jun 2009
Thanks: 32,292 given,
97,490
received
I reached out to TradeVec to do a webinar presentation and talk about their platform here on futures.io (formerly BMT), but they ignored me. If anyone has a contact at TradeVec and wants to see this happen, please tell them to contact me.
@Big Mike, you should reach out to Paul Wilson over at VCAP for any webinars.. he will more than gladly provide one IMO... personally, contrary to everyone else here, I like tradevec as a trading platform.. I find it much more stable than NT7 and quite frankly now that tradevec has had strategies for a few months, I see the edge for NT7 eroding quite a bit.
I am sure that for those that care about the charting, creating their custom indi's, and dont want to pay for a platform NT7 is still the best choice and option.. but I am not arguing the benefits of NT7... I am just commenting on the benefits of tradevec. I will post a few screen captures of the new features for those that might find it of interest.
I will post more captures later on that focus on the more notable features.
Personally, I like the fact that I can see the chart, and the Depth of Market for the instrument, and days hi/lo, etc.. all on the chart... and I also like that I can carry the same strategies that I have with NT7 Active Trade Management...
Here is what it looks like when trading FX over at PFGFX... all the functionality is the same, and in top of that you get a Dealing Window for one click execution of market orders. I am including as well details on the ADW.
VCAP is an Intro Broker for Velocity... they trade futures... so you can use TradeVec with VCAP/Velocity on the TT FIX Adapter...
reality, you can use tradevec with any TT FIX Adapter..
PFG offers futures and FX... that means two separate accounts though, both supported by TradeVec...
Today, Tradevec supports - :any FCM/Broker that provides
Brokerage Support:
TT FIX Adapter (Futures)
PFG API (FX and Futures)
and for Market Data...
Feed Providers:
DTN IQFeed
eSignal
also, you can have a chart with TT VCAP, another with PFG(Fut/FX) and another with TT AF and it will all work at the same time and you can execute and manage all your accounts fom the same interface. You can export the trades and import into your favorite portfolio/trade analysis software as well (RINA/MSA/etc) and for your favorite accounting program (I use TAPRO)
here are some more captures... I noticed the ADW for the currency in question actually shows you the current P&L, active buy/sells and your entry point as well as position being held.. I also discovered that you can see the spread on the DOM as it expands/contracts... kind of cool.. I only stated playing with the FX pieces this week.
here are some more pics, this time I am showing the Charts with a KC and MACD loaded on AUD/JPY as well as the "Order Tracking Center" and I am attaching what an export from the order history looks like.
Here is what tradevec looks like when trading ES, I plotted a 20m ORB, KC, Volume Avg, CVD, 2 MA, and a Trend Distribution Profile trading with a condensed execution zone dom.
for those curious.. Cumm Vol Delta can process historical only when using the DTN/eSignal feed... it will build the CVD indis real time only when using TT.
yes this is using the TT feed from velocity in this case... but keep in mind the platform is truly FCM agnostic... you can go to anyone with the TT Fix Adapter, so you are not tied 100% to velocity... they are a great FCM, but for DR purposes I would always recommend to have another backup gateway provider like advantage futures, crossland, MBFCC, NewEdge, etc...
I wanted to show 3 indicators within tradevec that I like.. specially on days like today that it seems range bound for some markets..
this is on S&P400...
- Time Calculator (will show you how many highs and lows within the timeframe, it will also show you how much time elapse to whatever you decide to "map")
- Price Calculator (will show you the range of the move that you select)
- Risk Reward Calculator (will show you the ranges and give you an idea as to what you can target)
I find them of use as they help me through out the day when i want to measure a move that I am curious about, or if i am being stopped out for whatever reason, etc.
You seem to be having a good grasp/understanding of the TradeVec platform. Please, from your understanding of profit/loss management on TradeVec, is it feasible to have the following profit/loss management auto-implemented (a kinda NinjaTrader ATM setup);
Target 2: 20 ticks (2 contract) --> Manually/Visually “drag” Target 2 up (for Long) or down (for Short) depending on favorable price movement, and which can make Target 2 much more than 20 ticks or a little less than 10 ticks.
Stop: 20 ticks or Manually Bailout at, say, 7 ticks loss
you can always manually bail out by pressing the X on the position column, that will get you out at market and cancel all your other orders. Moving the targets is easily done, so one can move one side manually and the rest will remain the same. You can also disable "repeat" which is what places the orders for every trade, and manually peel off the trades, or add to the trade... the orders for the stop/target within the strategy will adjust automatically.
I will structure a strategy as you state above and show the compound ruling... that is one thing I like a lot about it, and your case scenario is a good one to practice with.
A few questions.. I assume..
total entry is 4 contracts (Y/N?) BreakEven after how many ticks?
this was done on request for @lolu.. the trail stops are not there yet, but they will be on the 3.0 is release, which is what I am beta testing... everything you see today below is on the 2.5.2 version.
I first tried to show the strategy working and the trade executed right away and achieved its targets, so I had to go below the market with a limit order so it would remain on the screen... nice run up on the YM for those that captured it, specially since it has moved up about 50 points.. so there were lots of changes to capture some of the move over the past 20 minutes.
the strategy was created specifically for YM instruments only, so if one tries to select it for anything else, it wont let you.. something I like very much since the PT/SL are always reflected on the right ticks for the instrument.
As you can see the two stops will be reflected separately as each rule is defined with the "auto profit and stop loss" rules... I personally like to select the rule to synchronize my quantities, which means that the strategy order quantity will always be right and that is how many contracts will be purchase/sold. You can add as many targets as you like, I tested with up to 30 so far... but ensure to have the DOM expanded for the execution zones as it will clutter the zones..
the breakeven plus rules apply to the whole strategy, it is rather simple really..
Site Administrator Swing Trader Data Scientist & DevOps
Manta, Ecuador
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
Posts: 49,745 since Jun 2009
Thanks: 32,292 given,
97,490
received
I am working with Radin @ TradeVec for an upcoming webinar. Please reply and let me know what questions can be addressed and what specific items you want covered in the webinar.
Target 2: 20 ticks (2 contract) --> Manually/Visually “drag” Target 2 up (for Long) or down (for Short) depending on favorable price movement, and which can make Target 2 much more than 20 ticks or a little less than 10 ticks.
Stop: 20 ticks or Manually Bailout at, say, 7 ticks loss
2. Is there a reduction in the purchase cost/fee for TradeVec if all I want to use it for is Order execution/placement ?
3. Can I simultaneously use my TradeVec TT data-feed connection for my NT7; the NT7 would be for only charting.
Site Administrator Swing Trader Data Scientist & DevOps
Manta, Ecuador
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
Posts: 49,745 since Jun 2009
Thanks: 32,292 given,
97,490
received
Moderator Notice
This thread is now closed.
This thread was created prior to having an entire subforum dedicated to TradeVec discussions. Now that a dedicated subforum exists, this thread is obsolete and is being closed so it will be easier to find topics going forward.
Please create a new thread in the TradeVec section to discuss specific items.
