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New to trading, need a little guidance.
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New to trading, need a little guidance.

  #1 (permalink)
Hi Mom!
Bridgeport, Ct
 
Futures Experience: Intermediate
Platform: Sierra
Favorite Futures: Gold, Oil
 
TheShrike's Avatar
 
Posts: 361 since Jun 2012
Thanks: 1,018 given, 468 received

New to trading, need a little guidance.

Hello everyone,

I'm new to the forum here and also new to the futures markets. I'm in the process of setting up a brokerage account and choosing a trading platform. After reading several threads here, I've decided on Velocity Futures and Ninjatrader.

I chose Ninjatrader mainly because I wanted an easy way to sim trade. Since I have a full time job the market playback feature really appealed to me. Anyways, my question has to do with historical data. It's my understanding that both Velocity and Ninjatrader will not give me access to historical data. I realize you can record market data with Ninjatrader to play back later, but I'd rather not leave my computer running all night while I'm at work.

Am I able to purchase a data subscription from someplace like Kinetick or IQfeed that will give me access to historical data and then link that up with Ninjatrader? Will Ninjatrader use both the Trading Technologies feed from Velocity and a secondary feed at the same time? I'm a little confused as to how it works. Please excuse me as I know this is a pretty basic question but I wasn't able to turn up much with the search.

TheShrike


Last edited by TheShrike; October 27th, 2015 at 10:18 PM.
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  #2 (permalink)
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  #3 (permalink)
Elite Member
San Diego, CA USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES
 
GridKing's Avatar
 
Posts: 3,650 since May 2011
Thanks: 588 given, 877 received


I've never used Velocity , but if no historical data at all, seems like better options exist , starting out with high overhead can add up ....

Also, most brokers with software and standalones offer trials , if new to trading and not setup yet, I would try as many as possible and use the time and opportunity to try and test and see what is best for you.... jmo

http://www.ninjatrader.com/partners

"Successful trading is one long journey, not a destination" Peter Borish Former Head of Research for Paul Tudor Jones speaking on conversations with John F. Carter
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  #4 (permalink)
Elite Member
Cedar Rapids, iowa
 
Futures Experience: Intermediate
Platform: Ninjatrader
Broker/Data: Ninjatrader - Continuum
Favorite Futures: 6E, TF, 6J
 
Tasker_182's Avatar
 
Posts: 626 since Aug 2009
Thanks: 426 given, 1,125 received

You can download replay data for free. In the control center, select File>Utilities>DownloadReplaydata...

next you will get a pop up Ninja window titled "Download replay data", in that window select the instrument and date to download.

Once the download has completed you can the do File>Connect>Market Replay connection. From there you move to the date to show.

Go to Ninja support to see videos on this.

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  #5 (permalink)
Hi Mom!
Bridgeport, Ct
 
Futures Experience: Intermediate
Platform: Sierra
Favorite Futures: Gold, Oil
 
TheShrike's Avatar
 
Posts: 361 since Jun 2012
Thanks: 1,018 given, 468 received

Thanks for the push in the right direction guys. I'll go check out those sites and see what I can come up with. All of the different brokers, platforms, and data feed options are kinda confusing for someone just getting into this. Thanks again.

Schmidty

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  #6 (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: 29,349 given, 83,135 received

Kinetick is NinjaTrader only, their version of IQFeed. If you never plan to use anything other than NinjaTrader, then Kinetick will save you money.

Kinetick or IQFeed are the way to go for data. You can also find some savings as an Elite Member here on NinjaTrader, Velocity and IQFeed:

https://futures.io/elite_partner.php

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)
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  #7 (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: 3,695 since Oct 2009
Thanks: 3,041 given, 4,490 received

You might want to check this software provider:
Investor/RT - Market Data Sources

They propose a non-streaming intra-day or end-of day (backfill only) solution for their platform named DTN-Market-Access ($15/month). I am not sure if a similar solution is available for Ninja through Kinetick.

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  #8 (permalink)
Hi Mom!
Bridgeport, Ct
 
Futures Experience: Intermediate
Platform: Sierra
Favorite Futures: Gold, Oil
 
TheShrike's Avatar
 
Posts: 361 since Jun 2012
Thanks: 1,018 given, 468 received

Thanks!

Thanks for the links guys. I'll check them both out. Really cool that the forum is able to team up with some of the vendors to offer the members here a little savings. I've decided to pull the trigger and go with Velocity. Still undecided on platform, but I suppose I could demo a few and just see which one I'm the most comfortable with.

Mike, I know you're a big proponent of starting a trading journal. Do you think there would be any interest in a journal written by someone completely new to trading?

Schmidty

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  #9 (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: 29,349 given, 83,135 received


Schmidty View Post
Mike, I know you're a big proponent of starting a trading journal. Do you think there would be any interest in a journal written by someone completely new to trading?

Only if you want to improve your trading.

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 user says Thank You to Big Mike for this post:
 
  #10 (permalink)
Hi Mom!
Bridgeport, Ct
 
Futures Experience: Intermediate
Platform: Sierra
Favorite Futures: Gold, Oil
 
TheShrike's Avatar
 
Posts: 361 since Jun 2012
Thanks: 1,018 given, 468 received


Ha! Good answer!

Schmidty

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