Any experience with ProRealTime for real-time data? - Reviews of Brokers and Data Feeds | futures io social day trading
futures io futures trading


Any experience with ProRealTime for real-time data?
Updated: Views / Replies:12,045 / 15
Created: by Nicolas11 Attachments:2

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 Ė 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 donít 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
 2  
 
Thread Tools Search this Thread
 

Any experience with ProRealTime for real-time data?

  #11 (permalink)
Elite Member
near Paris, France
 
Futures Experience: Beginner
Platform: -
Favorite Futures: -
 
Nicolas11's Avatar
 
Posts: 1,070 since Aug 2011
Thanks: 2,232 given, 1,729 received

Thanks for this feedback, @Silence Exp

I like their FOREX data feed and the way they display charts.
I am going to give them a try for FOREX real time, and will share experience in this thread.

Thanks again,

Nicolas

Reply With Quote
The following user says Thank You to Nicolas11 for this post:
 
  #12 (permalink)
Elite Member
Australia
 
Futures Experience: Intermediate
Platform: Investor RT, Multicharts
Broker/Data: LMAX, Infinity Futures
Favorite Futures: EUR/USD
 
fibfisherman's Avatar
 
Posts: 57 since Jun 2010
Thanks: 167 given, 87 received

Hey @Nicolas11

I'm interested in your choice of Prorealtime for trading via LMAX? Do you prefer it to LMAX Multicharts?

Cheers

Reply With Quote
 
  #13 (permalink)
Elite Member
Quebec
 
Futures Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: Stage 5 trading/AMP/CQG
Favorite Futures: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,697 since Oct 2009
Thanks: 3,041 given, 4,496 received



Nicolas11 View Post
Thanks for this feedback, @Silence Exp

I like their FOREX data feed and the way they display charts.
I am going to give them a try for FOREX real time, and will share experience in this thread.

Thanks again,

Nicolas

Do you know what is the source for their Forex feed? BTW, did you try ensign 10, it comes with free Forex data (Same source as Kinetick/DTNIQ, ie, FXCM but they charge $25)

Reply With Quote
 
  #14 (permalink)
Elite Member
near Paris, France
 
Futures Experience: Beginner
Platform: -
Favorite Futures: -
 
Nicolas11's Avatar
 
Posts: 1,070 since Aug 2011
Thanks: 2,232 given, 1,729 received

@fibfisherman,
@trendisyourfriend,

Hi!


fibfisherman View Post
I'm interested in your choice of Prorealtime for trading via LMAX? Do you prefer it to LMAX Multicharts?

1. With respect to LMAX MultiCharts...
(Note: I am a LMAX client.)

I have not tested LMAX MultiCharts, because I already have a license of "normal" MultiCharts. I guess that they are exactly the same product, but I have not checked.

In my opinion, MultiCharts is a great tool.

The only problem for me is that I cannot display candles the way I want, in particular the space between the candles cannot be adjusted (refer to that message). So there is too much space between the candles according to my criteria, and it annoys me for visual chart analysis.

So I had to look for another tool for displaying chart. Apparently, eSignal, ProRealTime, NinjaTrader (and probably many others) were able to display the candles exactly as I wanted.

2. With respect to ProRealTime...
(Note: I will probably become a client in a few days.)

I am using it. It is fine to meet very specific needs but it could not be considered as a "standard" substitute to a data feed (eSignal, DTN IQFeed, etc.) or platform (MultiCharts, NinjaTrader, etc.). Why?

Data feed and charting tool are bundled. So it is not possible to use PRT feed in MultiCharts, NinjaTrader, etc. And it is not possible to plug another feed in PRT charting software.

It cannot be coupled with a broker. You need to enter your orders directly in broker's software. Of course, this prevents PRT from being used for algo trading. With discretionary trading, it could be a problem if the trader uses stop or limit orders (burden and risk of mistake to enter the levels in the broker's window). I use market orders, so it is not a problem: I just click on one button on the broker's software. I have posted a screenshot of my workspace (PRT on the left, LMAX on the right) on my journal : first pic of that message.

Its programming capabilities are less extended than MultiCharts or NinjaTrader.
To make your own opinion, PRT programming guide is available here: [PDF] www.prorealtime.com/en/pdf/probuilder.pdf
Personnally, I do not care, since I just use a 20-EMA

According to sam028 here-above, backtesting is possible but limited.

With all these limitations, why do I use PRT?

- I like the way it displays chart. With my style of trading, I just need a tick chart and an EMA. But the ways the candles are displayed plays a great role in the easiness of the visual analysis and in my... visual pleasure. I probably could have obtained similar result with NinjaTrader or other.

- I like their FOREX feed:

It is true that, in terms of number of ticks per minute, it is probably not the most dense (refer to this quick comparison).

It may sound strange, but the strength of this feed is that it is rounded to the pip, whereas other (and possibly better) feeds are more precise and show increments of 0.1 pip. This "rounding to the pip" is very convenient for methods based on breakouts of horizontal levels. Whereas, with more "precise" feeds, it is less obvious to see prices bumping again and again on the same level. (With platform as MultiCharts or NinjaTrader, it is probably possible to obtain a similar result by acting on the feed from the platform.)

The last reason for using PRT is that my current methods are largely inspired by Bob Volman (breakout of triangles to put it short). I feel in sync with these methods and Volman uses PRT. So, for a start, it is easier to have charts with exactly the same look as in his book.


trendisyourfriend View Post
Do you know what is the source for their Forex feed?

I do not know exactly.

I have searched on Internet.
In the last message of that thread in French and posted on 2004, the poster says that the feed is from GLTrade.
In that thread and that thread (in French, 2008), the posters say that the feed is coming from PAT(s).
I do not specifically trust the above. First, the messages are quite old. And the posters may be wrong.

I have asked PRT, but they just answered it was an aggregated feed, and unfiltered (real tick-to-tick).


trendisyourfriend View Post
BTW, did you try ensign 10, it comes with free Forex data (Same source as Kinetick/DTNIQ, ie, FXCM but they charge $25)

No, I have not. But thanks for the idea.

3. As a conclusion, I do not recommend ProRealTime as an alternative to more "standard" combinations (feed + platform + broker).
It all depends on the trader's needs.
If one just needs a chart with no highly complex indicators, with no sophisticated backtesting, and does not need a connection between the chart and the broker (no need to place stop or limit orders from the chart), why not?
Price shall be checked also. They are publicly available on their Web site.
I have decided to give PRT a try for my own trading.

And the above obviously does not aim at being definitive. Just my opinion at this minute.

Nicolas


Last edited by Nicolas11; May 19th, 2012 at 05:11 AM. Reason: correction of typo and clarification
Reply With Quote
The following 4 users say Thank You to Nicolas11 for this post:
 
  #15 (permalink)
Elite Member
Australia
 
Futures Experience: Intermediate
Platform: Investor RT, Multicharts
Broker/Data: LMAX, Infinity Futures
Favorite Futures: EUR/USD
 
fibfisherman's Avatar
 
Posts: 57 since Jun 2010
Thanks: 167 given, 87 received

Hi @Nicolas11

Thanks for your detailed response.

I can understand your issue with the candle spaces. For me coming from Investor RT I'm a little disappointed with Multicharts thus far. I can live with most of it's short comings for now though and I think it is still probably the best charting solution for me while trading through LMAX.

I have not used the non LMAX branded Multicharts but from what I can tell there is little to no difference apart from the branding.

Regarding the rounding to the pip issue that you mentioned you can fix that in Multicharts by editing the symbol in the quote manager as below.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).





Anyway, it sounds like PRT suits your needs for now - the charts do like nice and simple. Good luck to you!

Reply With Quote
The following user says Thank You to fibfisherman for this post:
 
  #16 (permalink)
Elite Member
Sydney NSW Australia
 
Futures Experience: Intermediate
Platform: MetaTrader
Favorite Futures: Forex, Oil, Gold
 
Astro's Avatar
 
Posts: 6 since Nov 2012
Thanks: 1 given, 3 received

ProRealTime Charts Session Expiring

Hi,

I used to use ProRealTime a while back through IG Markets and really liked the program. I found it easy to use and visually appealing. The one thing I didn't like was that it couldn't run continuously. The session would expire and the charts would save and close down. It was quite annoying if you had alerts set for certain triggers. Don't know if this was just something that happened with IG Markets. Can somebody please share their experience on this?

Thanks,
Astro

Reply With Quote

Reply



futures io > > > > Any experience with ProRealTime for real-time data?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Real-time intra-day data feed for TSX stocks?? Calgarybabybear Reviews of Brokers and Data Feeds 3 March 15th, 2015 11:09 AM
Kinetick Real-Time Data Quality Issues srgtroy Reviews of Brokers and Data Feeds 15 July 30th, 2012 04:26 PM
Ninja Trader-LOST REAL TIME DATA, reasons? Rad4633 NinjaTrader 3 April 21st, 2012 01:29 PM
Store real time data from NT in mysql bascher NinjaTrader 23 November 4th, 2011 06:53 AM
Help selecting a real-time data feed for equities heretic Reviews of Brokers and Data Feeds 20 August 19th, 2011 06:40 AM


All times are GMT -4. The time now is 02:07 PM.

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 2017-12-12 in 0.12 seconds with 20 queries on phoenix via your IP 54.163.209.109