I think that I solved my NT issues. I went back to open e-cry because their trading platform is powerful and it's FREE. I made a few screenshots here and the zip file contains detailed shots of OEC's DOM.
I've been using MC for a couple of years and love the charting and development tools but they'll have to make some pretty major improvements to surpass what we can get at OEC. I'm confident that MC engineers can close the gap but near term; NT users may find OEC platform a good alternative.
The OEC platform is rock solid; it has allot of features including importation of .net languages ie EL; their DOM is the best; chart trading; block trading; and it's FREE. They offer a consice version of footprint for 25/month add-on. OEC has promised me that they have fixed their datafeed problems so we'll see. I have Zen via MC as a backup and their trade desk telephone number handy. ;o)
I signed-up with optionsxpress through OEC and it's my plan to use MC in AutoExecution mode for stock swing trading and use OEC Trader for futures until such time that MC completely develops the trading interface.
I hope that MC accomplishes this so we can have broker independence one day ;o)
Have you found that 3.5 is working stable for you? I'm still running 3.4.0.8 because 3.5.0.6 has a bug in the "additional fractional decimal" that doesn't work in the chart settings so it in effect rounds down all of my moving averages/etc plots on my charts which just isn't going to cut it. But OEC is aware and have said its in the bug queue to be fixed. Hopefully it will be.
But overall its an awesome platform for an amazing price (free). I was a TradeStation user for 4 years and ditched it for OEC. Got fed up with the issues and the pretty big cost for data. Just not worth it.
I just started using the new version, but it seems stable.
I have to undergo some training to refresh my memory and increase my skill level with OEC.
The biggest issue facing OEC is their data connection; without that they're dead in the water but I returned to OEC based on their promise to furnish a good connection. They have everything that I need as a trader .... access to stocks; futures and good free platform, so I'm keeping my fingers crossed.
I also think OEC is great platform, especially for the price. I am really impressed with the way it's set up to handle trading multiple accounts from a block.
Apparently OEC is running different data feeds live vs. demo, which wouldn't be a problem except they have different range bars between the two versions.
The live feed looks similar to a standard Ninja chart... the other demo feed looks like this, where multiple bars of the same range can print sequentially. It wouldn't bug me if they did this and told you about it, but when I'm trying to keep things in my trade plan consistent and I wake up a couple weeks back to find that the bars i'm trading off of have been erased and changed completely it kind of f's things up a bit ya know?
I trade off the demo and want my old range bars back!!!
With OEC Trader 3.5 having been out for a while now, what is the verdict? For those who use or have experience with MC, it would be nice to hear how they differ...
Keeps getting better. In fact is equal to or better than Ninja. Need more stock trading tools and screeners though, but very solid for futures. Plus, its free...you can't argue with that - I'd def pay the same for OEC as Ninja.
The following 2 users say Thank You to PropTrade for this post:
Does anyone else here (with OEC) also use MC? It seems that OEC Trader 3.5 and MC cannot be open at the same time, at least on the same computer, without MC issues. If others have success, then I suppose it's something unique to me or my set-up.
Something else I noticed for which I'm not sure of the reason. I've been paper-trading the ES in my TOS account for a few weeks. Twice now, including moments ago, I had the exact same standing buy limit order in both TOS and OEC (via MCDT). Each time these limit orders got filled first in TOS, the first time by a couple seconds, the most recent, minutes before the OEC fill. I'm guessing there must be a good reason or explanation. These are both paper accounts. I'm contemplating asking in the MC thread too. Thanks.
Yes, for live account, you can ask for a 2nd login/password for an independent connection to the same account. For a shared connection, you probably don't need a 2nd login/password, it should connect to the OEC Trader instead of OEC server directly. This is my understanding, but I never tried shared connection (I have a 2nd login/password).
Did you happen to get confirmation from OEC that their demo and live data feeds are different? I'm trying figure-out how or why an OEC demo account is getting standing limit order fills after a TOS paper account.
OEC will give you a second login but you don't need it with Sierra. In file, trade services set it to use a shared connection. Also, Sierra connects to OEC's server directly via api fwiw.
The following user says Thank You to SgtJ for this post:
Anyone here (with OEC) trading the HSI, TW or NK? I'm looking to add these Asian future indices to MC, but they are not being found. If you have the current symbol, please share. Thanks much.
The following user says Thank You to TonyB for this post:
cory, thanks for the reply with images. I can't tell, but are those the same 3 instruments I referenced?
I was able to add the FDAX fairly easily because MC's look-up found it. It's not finding HSI, TW or NK..
EDIT / ADD: Just got done with a chat session with OEC and the guy there said that the Asian markets have been on holiday and the contracts have not been found lately?
The following user says Thank You to TonyB for this post:
The reason you are getting TOS paper fills first is because the TOS paper money platform fills limit orders on a touch. When trading real money, the market usually has to move through your entry price by one tick to fill your order. For derivatives trading, that makes little difference. For futures trading it makes a big difference, especially if you are scalping or involved in short term transactions.
The following 2 users say Thank You to timefreedom for this post:
Hi Mate,
you can perhaps use your C skills and use SC's ACSIL to convert your indicators, and connect to OEC, I am currently trailing it as well.
Good Luck
The following user says Thank You to dlatbm for this post:
hi, I use OEC Trader and I was hoping you would help me turn a regular MACD indicator into a MACDBB lines indicator. thanks for reading. I was wondering if I could just add a bollinger band around the MACD somehow and turn one of the lines into dots... any help would be nice.
I had a brief chat with OEC before they closed for the week and was told that $TICK is the NYSE cumulative tick data. I tried this symbol and it's not working for me. Others here using this data? Maybe a separate charge for this feed?
I'm using MCDT with OEC. Just paper trading now, and most likely for quite a while...
For those who use MC with OEC, I need some help trying to visualize the steps one would take to move from demo, to live, futures to equity. First, what is involved to go from paper trading, to the live, funded account? Is there a toggle somewhere, or must one logout and then log back into the other account?
Let's say one is in the live account trading futures. The lunch hour arrives and a break is desired and the person wants to trade equities. Is this just a simple matter of of having another chart or workspace open, or must this entail toggling somewhere or possibly logging-in differently?
Thanks for the help.
The following user says Thank You to TonyB for this post:
Good morning everyone and thanks for all cio'che share. In Italy we are few with OEC (I Tradepulse yet) and then It's hard to find information. Do you know if there is a code in EasyLanguage for OEC volumes?? Type Market profile .... I mean cioe'sui price levels and included on the graph? Thanks a lot ....
Easylanguage code to replicate Marketprofile exists, but I haven't been able to get it to work on OEC Trader. I don't believe the Easylanguage functionality to print text onto the chart has been implemented by them. They do have the volume profile if that would work for you, but then that only appears for the current session.
If you do need Marketprofile and don't want to pay extra for a data feed on top of OECs one, you should probably look at SierraChart. Sierra has a TPO Profile as well as an active discussion on this Forum, but I don't think it's free through OEC.
The following user says Thank You to pbeguin for this post:
My OEC trial account just ended yesterday, the 6th. Funds arrived earlier in the week. I am now using my new login credentials over the trial ones (user ID and password have changed). Does anything else need to be changed such as the server, which is now sim.openecry.com, or the port, now 9200?
I forgot ... I do not have much but what I have if you want to post here I have a detector candles "lying" ... in Italy we call it treason to break Pinocchio .... .. the details depending on the time frame used And I have pivot levels ... very interesting ... to OEC ... (I tradepulse) and do not know if switching to Pathfinder ....
I'm assuming you have a live account now? In that case the server will be prod.openecry.com. Port is the same 9200. They used to have the setup documentation on their website after you logged in through the Account tab - Third Party Software, but it's no longer documented for MC. The documentation that's there for Sierra still shows the live configuration details to connect to their data.
The following user says Thank You to pbeguin for this post:
Yes, a live account. I had requested a simulated account too because I plan only to paper trade for a while. I'm guessing that means my trial demo account where I was paper-trading ceases, as opposed to it simply becoming my sim account now...
Might you be able to comment on the quality of the data? I ask because I had posted on the MC board also, and I just noticed this response that this data is quite possibly filtered:
I can't comment on the quality of the TICK data as I don't actually use it. I'd be surprised if it's filtered though because I'd think these numbers are generated by the exchange, not by the broker.
I was wondering have any of you guys checked out Global Futures? They have Global Zen Trader which is the OEC platform and clears through OEC as well, what if any benefits there would be to using one over the other?
I've been w/ OEC for many years and while newer here, you can find my handle on other forums.
Personally, I just go direct to OEC. I haven't found a reason to go through a middle man personally. The only reason that comes to mind would be lower rates.
I agree with brownsfan019, and Zaner's Adam offered me a good deal but the way OEC is structured I had to go through my local (Aus) IB. Now I am trying to open an account with OEC and that this a challenge but they offer a very steady platform/connection.
Someone mentioned a deal between esignal and OEC, wondering what is this about??
The following 2 users say Thank You to dlatbm for this post:
Hi Brownsfan019 thanks for the input. I have been talking with them at Global and there is nothing different they are exactly the same with all the same benefits. Global just provides them with more exposure.
Anyways I like this platform and the ability to write in easy language is nice to.
Heres something I found out today as well OEC is 15 minutes from my home, I had read somewhere they originated in Powell Ohio I didn't know they were still located here.
Also thanks to dlatbm.
No problem dragon.
Are you aware that you are limited to 5 tick symbols at one time?
Can you get them, while in the neighborhood, to move on with their new clients?
Thanks
OEC Trader 3.5 is pretty impressive, so I've heard, and by just looking at it briefly yesterday. It would seem to be one of the best broker-provided platforms out there, up there with TOS.
I'm using MC now though, but I wonder, how does OEC Trader compare to the likes of MC, NT and SC? From charting, to back-testing, the DOM, computer resource utilization, handling stock and option orders, et al...
The following user says Thank You to TonyB for this post:
Hi Tony,
I used OEC Trader briefly, during my demo(2 weeks only), it is impressive. I cannot answers all your questions but you can setup and a demo where you can run off MC and OT together, if OEC is not your broker. If it is then you can use two applications at the same time and test whatever I wanted. I preferred SC charting because of my indicator. I developed it for OT using easylanguage and was up and running very quickly. However, the way it loked on the graph was not readable because of the limited attributes of graphical elements.
If I go ahead with them then I will be using SC.
They offer a lot of integration with TS, esignal, etc. I think they start to look like a serious player.
It is .Net platform so it easy to integrate but I am not a fan of it.
Good luck
The following 2 users say Thank You to dlatbm for this post:
Thank you. I have a funded account with OEC now and I run their data through MC. I'm currently paper trading futures as I still have much to learn. MC uses EL, and that is one the reasons I decided to use MC over others... I really would like to avoid the use of multiple apps / platforms at the same time. And while I compared MC to others like NT and SC, I never did so with OEC's Trader, which I now have access.
For some odd reason I'm unable to chart QQQ, a daily, whether it be a 5 or 500 day chart. I was able to chart other ETF's like the SPY and EWZ, no problem. Curious if others experience the same...
I was having the same problem yesterday and it is the same today, 6/18/11.
I will probably try to get a hold of somebody next week if it is still like this.
You can get help from teachers, but you are going to have to learn a lot by yourself, sitting alone in a room.
Dr. Seuss
I'm guessing that is the reason why OEC (or OX) is having issues. But, that is why I tried a 5 day chart too, something not going-back to when it was QQQQ...
If you don't have time to call them, I've found them quite responsive on their forum: OEC Forum
FWIW, I did post about QQQ on their forum, but did not receive a response. It was seen though. I was stuck on calls most of Monday, but will call OEC tomorrow to see what they have to say...
Here is the EL code for BB_MACDs...
You will need the Custom Indicator Plug-in installed first in OEC. Just email me when you need help.
//=================================================
// Bollinger Band MACDS
//
// For OEC Trader as a Custom Indicator...
// OEC will need to have the Custom Indicator Plug-in installed first.
//
// 20110705.1500 - Arnie Penaloza - See profile for contact info...
//
Thank you, it does.
Which points you are talking about, ES? Or is it good for any instrument?
5 years of paper trading? As a way of encouragement, go for the real money
The BB_Macds are useful for any instrument, you just need to experiment what Tick Chart you will trade from.
For example the ES - use 233, I use e-mini Russell 2K and use the 144 Tick Chart.
Unfortunately, you have to make correlating the BB_Macds across different Tick timeframes intuitive and predictive. I could not do it, until I created additional indicators that focus on the NARROWS and concentrate on the 144, 377 and 610.
Glad to answer more questions, when you have them.
The following user says Thank You to Verdisman for this post:
So if you do not mind I am looking at your code here - please see attached images. So would you say the it went up because of the narrowness of the BB's channel or double bottom and divergence? I am trying to see your point about the narrow channel, and I ma new to this type of analysis.
Thanks again for your time.
My old mentor of 4 years would say that you had Bullish divergence on both the 377 and 610 BBs, the price action most likely turned at the 76% or 89% Fib Retrace, since the BBs cut into the side of the Bollinger Band. If you had 100% price action before the trend change, the BBs would have come from underneath the Lower Bollinger.
The SIDEWAYS after the turn is the price action bouncing between the 23% and 38% of the Fib retrace.
Since my past seven months of independent study with a group of like-minded beginners, we all could not achieve our mentor's level of intuitiveness and predictiveness with the BB_Macds, we discovered two very important derivatives from the BB_Macds that allows us to have Consistency, Courage and Patience with the market.
These derivatives, which we call the Delta (difference between the Upper and Lower Bollinger bands) and the Trendline (difference between the BB and the Average-centerline of the Bollinger) truly opened new insights that gives us predictiveness and intuitiveness, which really slows the market for us.
We choose when we want to play with the market, when the conditions are correct!
This morning, we are proving out another important insight, SIDEWAYS market is the bane for beginners, destroying their psyche and trading accounts.
An interesting aspect of the Trendlines (difference between the BB and midline Bollinger band Average) between the 144, 377 and 610 is that they ALL must agree in direction. If anyone differs, you get SIDEWAYS action of the price.
Our Sangha (community of like minded beginners) were amazed at how powerful the Delta and Trendline has become in preserving both our psyche and trading accounts. What a wonderful gift we were given!
We continue to explore all the insights these two derivatives from the BB_Macds gives us!
The following user says Thank You to Verdisman for this post:
I feel something genuine from you which very rare in this business. I hope I am right about what I feel.
I appreciate your honest input. So, I have some further questions:
1) You do not look at Fibonaci numbers, as per your mentors' advice, but at the Delta and Trendline?
2) 144, 377 and 610 are for TF, and 233,377,610 for ES?
3) What is Sangha? Can I join it?
I feel very privileged to 'hear your story', I really mean it.
Please keep this attitude up for your own sake.
Thank you again.
1. Yes, we have moved away from my mentor's advice, since Consistency had been such an elusive goal for his many students using his Intuitive-Predictive method for BB_Macds. The Delta and Trendline helps us know when to safely enter positions. Yes, we may miss obvious trends, but our goal as a sangha is to make Trading as safe and profitably consistent as possible, easily taught for FREE with safety being utmost.
2. Yes for the ES, with my mentor throwing in the 987, 1597 and 4181. Our Sangha is developing a means of Trading with the Delta and Trendline that only uses one chart (TF - 144) without the need for intuitive-predictiveness of the BB_Macd on the other Tick timeframes, nor do we need Fib retracements/extensions nor additional indicators. Since Delta and Trendline is a derivative of the BB_Macds, we believe the strategy we develop will be applicable to other instruments. We are still in development and each day the market lets us know where we still have holes in our safety net. Your help and insights will certainly be appreciated.
3. From Wikipedia...
Sangha is a word in Pali or Sanskrit that can be translated roughly as "association" or "assembly," "company" or "community" with common goal, vision or purpose.
Our Mission Statement is similar to Big Mike's: People helping people, with compassion, frugality and humility.
Yes you may join, we are always open, our membership is tiny (3), but we always learn from and support each other. Just look up my contact info on this site. Thanks.
It is hard to rely just on one timeframe. This is a derivative of, what I called Sangha indicator, which is the distance of MACD from bottom and top bands.
Please comment.
PS. Is it not appropriate to ask who you mentor was?
--Yes, you are absolutely correct - one timeframe will not do it, but we rolled 3 timeframes into one with our Colorlines Indicator (one of 2 indicators we developed).
--Glad to see your perseverance on this topic. Skype me when you are ready.
--We have finished our development and are now "paper trading" these indicators in pre-production (live demo). Static Historical studies is a totally different world from a dynamic live market.
--To whet your appetite, please see the enclosed pdf document of the Trendline Indicator, given to us by the Divine...
Join us when you feel ready.
The following user says Thank You to Verdisman for this post:
You are correct it is free.
You are correct, we are not selling anything nor run a website nor a vendor.
We've asked the Divine to only lead people to us who will do His work of Compassion, Frugality and Humility.
We reserve the right to share His Gift to only those He leads to us.
I hope you understand.
The following user says Thank You to Verdisman for this post:
Looks like you have signals on when significant pivots will begin.
I especially like how it does not give false positives for the minor retraces.
Super! You have discovered another wonderful aspect of taking deltas of the different elements of the Bollinger Band Macds. Keep up your great investigation! You will marvel at what vistas are opened to you, as you pursue the next logical step in the investigation.
Thanks. I need to explain that I did program your initial recommendations but I did not bother with the images as they were more less what you had in you manual. BTW, it looks great and I like the way you approach these concepts in that manual. I thought I responded to your last message but obviously I have not.
I agree that 'false positives' are less frequent, however, it is, by its nature (MACD), a lagging indicator, so we will be always chasing the market. Do not you agree? No matter what we do, how we derive at various aspects of the same thing. Unless, we place it within a known framework, like Fibs. However, that would put us back into the same position that you were under you mentor. Is that right?
Let me know what you think.
Actually using Fibs will make us predictive. But that is not the issue with my mentor. The Crux of the problem is the intuitive use of BB Macd as a predictive tool. There is just too many reasons to take the opposite evaluation of what may happen and you end up second guessing yourself and trading the wrong side.
We have moved forward using Keltner and Bar setups and the all important Delta.
One important aspect of the Delta is once it had peaked, you are assured the price action will no longer go against you for more than 1 point. And you know the Delta will peak, once the trendline had done an inflection at its extreme point of travel.
Bottomline, we have a means of knowing when the market is sideways and always getting in on the correct side of the trend. Light-years beyond where we were with our mentor. Cheers... I believe this topic is all talked out.
Yes, it does look impressive. Do you use OEC C# or Easy Language to develop it, since we are on the OEC Thread?
Questions from my previous entry about the timing are still valid. How do you trade it? This is the question that needs to be answered. I am challenging you, not doubting.
Site Administrator Swing Trader Data Scientist & DevOps
Manta, Ecuador
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
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