Velocity / NinjaTrader / Trading Technologies - Reviews of Brokers and Data Feeds | futures io social day trading
futures io futures trading


Velocity / NinjaTrader / Trading Technologies
Updated: Views / Replies:3,580 / 8
Created: by GaryD Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Velocity / NinjaTrader / Trading Technologies

  #1 (permalink)
User requested to be banned
Orlando, Florida
 
Futures Experience: None
Platform: shoes
Favorite Futures: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011
Thanks: 2,090 given, 5,025 received

Velocity / NinjaTrader / Trading Technologies

I've just gone through a lot of older posts regarding Velocity Futures as a broker, NinjaTRader as a platform, and Trading Technologies as the data feed.

Anyone currently using that combination? Any feedback, other than the historical data?

Reply With Quote
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Elite Member
denver, colorado
 
Futures Experience: Intermediate
Platform: NT
Favorite Futures: ZS
 
Surly's Avatar
 
Posts: 704 since Mar 2011
Thanks: 628 given, 1,242 received

Answer
This post has been selected as an answer to the original posters question Answer


@GaryD - this is the setup I currently use. I am "grandfathered" into getting historical data (NT has told me this) so I'm not sure if you would get historical data free using this setup. I pay NT $180 every quarter to trade with their system but the commissions from Velocity are very competitive.

I have used tradestation and Infinity in the past so these are my only comparisons. This current configuration (vel/NT/TT) is the best in terms of stability, execution, and lag. I do get some lag during extreme, fast market conditions but overall I am very satisfied. I've had a few customer service issues with Velocity but this sort of comes with the territory. I will say that I used to have an account representative at Velocity and since that changed I am less satisfied with the customer service with account-related issues.

Another quip with Velocity is that if I need to call them to adjust an order, get flat, or whatever because of a platform or connectivity issue, it is a much longer process than I had with Infinity. With Infinity, I called my account rep and he could adjust my position/orders immediately with no lag. At Velocity, it takes a while to get connected, then verify your account, then finally begin to adjust orders/positions. At Infinity this would take a few seconds, at Velocity it takes more like 30 seconds or 45 seconds - which as you know can be a long time in the crude market...

Overall I am please with the combo as far as the connection, etc. Just a little less satisfied with the phone service from Velocity.

Hope that helps.

surly

Seek freedom and become captive of your desires. Seek discipline and find your liberty. - Frank Herbert
Reply With Quote
The following 3 users say Thank You to Surly for this post:
 
  #4 (permalink)
User requested to be banned
Orlando, Florida
 
Futures Experience: None
Platform: shoes
Favorite Futures: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011
Thanks: 2,090 given, 5,025 received


Surly View Post
@GaryD - this is the setup I currently use. I am "grandfathered" into getting historical data (NT has told me this) so I'm not sure if you would get historical data free using this setup. I pay NT $180 every quarter to trade with their system but the commissions from Velocity are very competitive.

I have used tradestation and Infinity in the past so these are my only comparisons. This current configuration (vel/NT/TT) is the best in terms of stability, execution, and lag. I do get some lag during extreme, fast market conditions but overall I am very satisfied. I've had a few customer service issues with Velocity but this sort of comes with the territory. I will say that I used to have an account representative at Velocity and since that changed I am less satisfied with the customer service with account-related issues.

Another quip with Velocity is that if I need to call them to adjust an order, get flat, or whatever because of a platform or connectivity issue, it is a much longer process than I had with Infinity. With Infinity, I called my account rep and he could adjust my position/orders immediately with no lag. At Velocity, it takes a while to get connected, then verify your account, then finally begin to adjust orders/positions. At Infinity this would take a few seconds, at Velocity it takes more like 30 seconds or 45 seconds - which as you know can be a long time in the crude market...

Overall I am please with the combo as far as the connection, etc. Just a little less satisfied with the phone service from Velocity.

Hope that helps.

surly


I used tradestation when I first discovered futures trading, and loved certain things about it (like easylanguage, historic data, multiple screen combinations), but after switching to Mirus/Zen Fire realized it was horrible for data lag and data outage. Zenfire has been extremely reliable in comparison, and knowing what I know now would never consider Tradestation again without significant changes in their data service.

I was looking Velocity somewhat for commisions, but more because I have read TT was the original, and Zen Fire was the copy. I was curious if there was anything better than Zenfire. For me, reliability is #1, trade desk #2, commissions #3.

But, after more study I believe what I learned is that a straight TT/Velocity account, without your grandfathered status, gives zero historical data other than what was recorded while you were connected previously?

For my type of analysis, that could be a deal killer, as high/low pivots could be non-existent on my charts. Wave analysis would be altered some, but more important would be stop placement, identifying zones, etc.

If you can get historical data, I wonder why they can't offer it to everyone? Or maybe they do, but for a fee?

Reply With Quote
 
  #5 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,237 since Jun 2009
Thanks: 29,350 given, 83,150 received

Answer
This post has been selected as an answer to the original posters question Answer

Zen Fire is a brand owned by some partners of Mirus Futures. It is an "copy" of Rithmic, re-branded, and running their own servers.

NinjaTrader & Zen Fire are very close partners. A deal was made a long time ago for NT to provide historical backfill to NT customers who use Zen Fire (or Rithmic).

The above is just my "best guess", as hard facts on these partnerships are hard to find.

TT, like Zen Fire and Rithmic, does not provide backfill. Some platforms have taken it upon themselves to provide backfill to their customers, such as Sierra Chart (universally, not just for Zen), and of course NinjaTrader (only for Zen).

Personally, I use IQFeed which is regarded as "the best", is not that expensive after the CME fee waiver, and can be used with any major platform (MultiCharts, NinjaTrader, Sierra Chart, Investor/RT, more). It can also be used concurrently with multiple platforms on the same machine.

I also use TT+Velocity and find the combination of the above to be very good.

However, if you are using NinjaTrader, and you are executing via TT, then you will need to find historical backfill. I would recommend IQFeed, although Kinetick is an option if you plan to only exclusively use NinjaTrader, and I believe it is slightly cheaper. Kinetick is a re-branded IQFeed that works only with NinjaTrader.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following 3 users say Thank You to Big Mike for this post:
 
  #6 (permalink)
User requested to be banned
Orlando, Florida
 
Futures Experience: None
Platform: shoes
Favorite Futures: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011
Thanks: 2,090 given, 5,025 received


Big Mike View Post
Zen Fire is a brand owned by some partners of Mirus Futures. It is an "copy" of Rithmic, re-branded, and running their own servers.

NinjaTrader & Zen Fire are very close partners. A deal was made a long time ago for NT to provide historical backfill to NT customers who use Zen Fire (or Rithmic).

The above is just my "best guess", as hard facts on these partnerships are hard to find.

TT, like Zen Fire and Rithmic, does not provide backfill. Some platforms have taken it upon themselves to provide backfill to their customers, such as Sierra Chart (universally, not just for Zen), and of course NinjaTrader (only for Zen).

Personally, I use IQFeed which is regarded as "the best", is not that expensive after the CME fee waiver, and can be used with any major platform (MultiCharts, NinjaTrader, Sierra Chart, Investor/RT, more). It can also be used concurrently with multiple platforms on the same machine.

I also use TT+Velocity and find the combination of the above to be very good.

However, if you are using NinjaTrader, and you are executing via TT, then you will need to find historical backfill. I would recommend IQFeed, although Kinetick is an option if you plan to only exclusively use NinjaTrader, and I believe it is slightly cheaper. Kinetick is a re-branded IQFeed that works only with NinjaTrader.

Mike


Mike,

So, if I am understanding this correctly, even Zen Fire does not give historical data, NT does it for them?

If that combination of a reliable feed plus historical comes at no additional cost with NT/Zen Fire, what is it about the IQ Feed / TT combination that makes you choose that setup? Does your trade frequency x the reduced commision structure offset the additional cost of a supplementary historical data feed?

The economics of a TT/Velocity account may not be the same for me right now as it could be for you and/or a very active trader. My trading lately is very sporadic, 10 one day, nothing the next, one the next, etc.

I've been abused by trading in the past to the point where I've decided if $1 per RT makes or breaks me, I should be in sim. But, I'm still considering the TT/Velocity thing as it seems like a better deal from a commission side. Even as a part time trader I probably log 100 RTs a month. $1,200.00 a year would send me and my wife on a cruise, or pay for my beer for a year, or my wife's hair/nails/waxing/yoga/clothes for a month. And to think, she doesn't like me trading...

Thanks for the advice and insight.

Reply With Quote
 
  #7 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,237 since Jun 2009
Thanks: 29,350 given, 83,150 received


GaryD View Post
Mike,

So, if I am understanding this correctly, even Zen Fire does not give historical data, NT does it for them?

That is correct. Rithmic/Zen does not provide historical backfill. NinjaTrader does it for NT users using Zen or Rithmic.


Quoting 
If that combination of a reliable feed plus historical comes at no additional cost with NT/Zen Fire, what is it about the IQ Feed / TT combination that makes you choose that setup? Does your trade frequency x the reduced commision structure offset the additional cost of a supplementary historical data feed?

Hmm, well there is additional cost associated with Zen Fire or Rithmic. Those brokerages (Amp, Mirus, Optimus etc) are passing on a cost of providing Zen Fire to you with each transaction, or some other internal costs associated with NinjaTrader customers. That is fine for the majority of people. But I don't personally use NinjaTrader, and I also shopped commissions and found others to be less expensive, so there was no reason for me to be using a primarily NinjaTrader oriented brokerage (Zen Fire/Rithmic).

So for me, it made more sense to go with a TT broker like Velocity. I liked them as an FCM, like their website, customer portal, up front commissions, etc. You'll find other recommendations and reviews for different FCM's and IB's in our Brokers section of the forum.

As for why I use IQFeed, I originally started using it because I wanted long term backfill for backtesting. Now a days I use it because I want accurate data, and want to use the same data feed in multiple charting applications concurrently, and because my brokerage feed (TT) does not provide backfill, so I have to use something.

You should do all of your own research and make your own decisions based on what is important to you. Different people will have different opinions It depends on what platform you use, what trading style you have, your relationship with your existing broker, and many other factors.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following 2 users say Thank You to Big Mike for this post:
 
  #8 (permalink)
Elite Member
Portland Oregon, United States
 
Futures Experience: Beginner
Platform: Ninjatrader®
Broker/Data: CQG, Kinetick
Favorite Futures: Gameplay Klownbine® Trading of Globex
 
Zondor's Avatar
 
Posts: 1,327 since Jul 2009
Thanks: 1,246 given, 2,634 received

Problems with the TT Adapater, Velocity Futures

At Velocity Futures, TT is the only transactional data feed available for Ninja. If connected only to TT, I DO get historical backfill for instruments supported by the TT feed. Presumably it is coming from the Ninjatrader servers.

The TT Adapter is not used by nearly as many people as the ZenFire adapter. As a result, it has been neglected for quite some time. I posted this in the Ninjatrader forum so hopefully it will get some attention.

There does not seem to be any prospect of a 64 bit version, so with a 64 bit machine, the only choice is using the 32 bit version of Ninjatrader with all the compromises that entails. Certainly not optimum.

Every morning at 4:00AM Eastern Time, TT disconnects momentarily, and reconnects automatically. Lately I have been finding that if I have slept through this event, the charts stopped at the time of the disconnect and did not restart. This also causes a gap in the historical data that must be fixed by manually initiated downloads from the historical data manager. (For now I will try getting around this by disconnecting from TT before I go to sleep and leaving only Kinetick, my secondary data feed, running).

There is all kinds of "rude" bad behavior if I check the Connect Automatically box for the TT connection.The worst and most inexcusable one is that if the box is checked and I dare to start Ninjatrader during the weekend when TT is down, Ninjatrader gets stuck in a limbo state and will not display anything at all after the Splash disappears. (The only way I know of to get around this is to start Ninja with the computer disconnected from the internet, which causes other problems.)

The TT Adapter is a mess, long overdue for updating.

"If we don't loosen up some money, this sucker is going down." -GW Bush, 2008
“Lack of proof that something is true does not prove that it is not true - when you want to believe.” -Humpty Dumpty, 2014
“The greatest shortcoming of the human race is our inability to understand the exponential function.”
Prof. Albert Bartlett
Reply With Quote
 
  #9 (permalink)
Elite Member
Tomsk, Russia
 
Futures Experience: Beginner
Platform: custom
Favorite Futures: gold
 
slickiam's Avatar
 
Posts: 253 since Dec 2010
Thanks: 131 given, 427 received


Big Mike View Post
That is correct. Rithmic/Zen does not provide historical backfill. NinjaTrader does it for NT users using Zen or Rithmic.

Mike

Hi Mike

I'm sorry for the offtop, but ...

Looks like Rithmic provides historical backfill for futures and stocks.

I'm not sure why and how but it just works

Scientia Libertas Prosperitas
Reply With Quote

Reply



futures io > > > > Velocity / NinjaTrader / Trading Technologies

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

Dec 7

Linda Bradford Raschke: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Trade Point Technologies RJay Trading Reviews and Vendors 91 May 30th, 2015 12:26 AM
Zen-Fire vs Trading Technologies vs DTN IQ timefreedom Reviews of Brokers and Data Feeds 58 May 8th, 2013 02:23 PM
Velocity's Leaderboard Michael.H The Elite Circle 114 January 6th, 2012 06:23 PM
New Technologies redratsal Jokes 18 March 7th, 2011 09:40 AM
ATC and Trading Technologies data tickvix Reviews of Brokers and Data Feeds 2 October 11th, 2010 03:53 PM


All times are GMT -4. The time now is 02:52 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-11-19 in 0.17 seconds with 35 queries on phoenix via your IP 54.80.33.183