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Buttontrader

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  #1 (permalink)
 
 
Posts: 1,081 since May 2010

I like buttontrader, I mean, I REALLY like it. https://www.buttontrader.com/

You need a few days to know how it works but once you know it, you'll LIKE it !!!

But why are they only supporting the IB datafeed ? 4 updates a second ? You've gotta be kidding me, this is 2010!! Not 1995 !!!

I asked them and they replied to me : We have many traders who are profitable scalping on IB datafeed with buttontrader, so we see no use in supporting different datafeeds.... Pffff




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  #3 (permalink)
Market Wizard
Berlin, Europe
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
 
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Posts: 9,842 since Mar 2010
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MetalTrade View Post
I like buttontrader, I mean, I REALLY like it. ButtonTrader - Day-Trading front-end - - IB frontend - direct access trading of stocks, futures and options around the World - TWS frontend - Trading frontend - Front End for IB

You need a few days to know how it works but once you know it, you'll LIKE it !!!

But why are they only supporting the IB datafeed ? 4 updates a second ? You've gotta be kidding me, this is 2010!! Not 1995 !!!

I asked them and they replied to me : We have many traders who are profitable scalping on IB datafeed with buttontrader, so we see no use in supporting different datafeeds.... Pffff


I think this is a policy choice that makes sense! Compare ButtonTrader and Ninjatrader.

NinjaTrader is sort of a jack of all trades device: Works with every broker you can think of, does charting, backtesting, trade execution, automated trading. The only reason that I do not use NinjaTrader to prepare my breakfast, is that my screen cannot pass me over the cup of coffee.

However, with NinjaTrader's success rate for all these various tasks may be around 99%. Would you use an airplane with a success rate of 99%, - only 1 crash per 100 flights?

ButtonTrader is a specialized tool. They are only offering one service, it is an execution front end for Interactive Brokers, and it works. Of course the DOM is ways more versatile than the NinjaTrader DOM, but it won't be suited to prepare your cup of coffee.

I also think that the condensed datafeed of Interactive Brokers has its merits. Fewer ticks means higher stability, and most of the traders do not need the additional ticks. I regret that the realtime data volume of Interactive Brokers is false. Otherwise it would be a top data feed.

The only reason that I do not use ButtonTrader: The monthly fee. Alos I am incapable of using the added value of all its features. But I have tested it over a month and my impression of the product was excellent.

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  #4 (permalink)
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Fat Tails View Post
I also think that the condensed datafeed of Interactive Brokers has its merits. Fewer ticks means higher stability, and most of the traders do not need the additional ticks. I regret that the realtime data volume of Interactive Brokers is false. Otherwise it would be a top data feed.

I agree with everything you said, except this. If you are using minute charts only, then the data is fine. But if you are using anything tick based (tick, volume, range, any exotic bar) then IB data is not going to work well at all.

Mike

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  #5 (permalink)
Market Wizard
Berlin, Europe
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
 
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Posts: 9,842 since Mar 2010
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Big Mike View Post
I agree with everything you said, except this. If you are using minute charts only, then the data is fine. But if you are using anything tick based (tick, volume, range, any exotic bar) then IB data is not going to work well at all.

Mike

Of course - IB does not offer historical tick data and you cannot keep run your machine 24/24.

But what is worse: the real-time volume is false even for minute charts.

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  #6 (permalink)
near Amsterdam
 
Experience: Advanced
Platform: NinjaTrader
Trading: 6B, 6E
 
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Posts: 323 since Feb 2010
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Big Mike View Post
...But if you are using anything tick based (tick, volume, range, any exotic bar) then IB data is not going to work well at all.

Mike

Actually, Mike, I disagree, having traded TF & 6E on relatively fast tick charts (55 / 89t) for several years when I used to trade the US sessions & also 6E & DAX more recently (but I do not use volume). I did in fact find the IB feed to be much faster and more stable during news, at least compared with TradeStation which I ran alongside. You just have to reduce the number of ticks on the IB-fed chart compared with the TS8 one.

I only changed to ZenFire last year because I wanted Mirus' intraday DAX margin. Using as low as 5 tick range charts, I see no significant difference (occasionally 1 tick difference to a swing high or low).

I also like the look of ButtonTrader, which I've been aware of for years, but Ninja has enough for me (used it since v2), even though it makes lousy coffee. I hear some Italians will be launchng BuitoniTrader soon, which makes not only good espresso but also excellent pasta...

J.

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  #7 (permalink)
San Francisco Bay Area
 
Experience: Intermediate
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Posts: 280 since Jun 2010
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Here is my problem with Button Trader. I often like to take small scalp trades, often using trailer entries. The trailer triggers at a certain price point. The IB feed will often miss the extreme tick and so Button Trader will not register that tick and hence the trailer never triggers. So even if I am able to pick the top/bottom exactly my trade is never executed.

I have talked to Robert @ BT about this but they do not plan to support any other data feed. Internally they have an e-signal interface.

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  #8 (permalink)
 
 
Posts: 1,081 since May 2010

the told me they use their esignal datafeed only for their sierracharts

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  #9 (permalink)
Italy (IT)
 
Experience: Advanced
Platform: ATAS, R|Trader, NT8
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MetalTrade View Post
the told me they use their esignal datafeed only for their sierracharts

Uh, strange SC doesn't support esignal data...

Take your Pips, go out and Live.
Luke.
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  #10 (permalink)
 
 
Posts: 1,081 since May 2010


I checked the email again, they said : we ourselves are using eSignal and Sierra



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