DTN IQFeed's Dave Forss (Business Development Manager) - Ask Me Anything (AMA) - Reviews of Brokers and Data Feeds | futures io social day trading
futures io futures trading


DTN IQFeed's Dave Forss (Business Development Manager) - Ask Me Anything (AMA)
Updated: Views / Replies:55,189 / 310
Created: by Big Mike Attachments:21

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
 21  
 
Thread Tools Search this Thread
 

DTN IQFeed's Dave Forss (Business Development Manager) - Ask Me Anything (AMA)

  #91 (permalink)
 Vendor: www.iqfeed.net 
Omaha NE
 
Futures Experience: Intermediate
Platform: IQFeed compatible
Favorite Futures: ES
 
Robert Carrillo's Avatar
 
Posts: 271 since Jun 2012
Thanks: 234 given, 374 received


Robert Carrillo View Post
Please PM me with your IQFeed Username so we can investigate.

Robert

I've forwarded your post to IQFeed Support and asked them to investigate or email you directly to resolve. Thanks again.

Reply With Quote
The following 2 users say Thank You to Robert Carrillo for this post:
 
  #92 (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: 46,240 since Jun 2009
Thanks: 29,356 given, 83,237 received


Rui S View Post
However, there is something very strange when comparing Time & Sales data with both data feeds (IB and IQ T&S windows) side by side: there are no high volume trades registered with IQFeed.

For example on CL, with IQFeed the individual trade volume is very low – very rarely more than 20, 30 contracts – while with IB data feed we can observe very often trades with hundreds, even thousands of contracts.

My guess, it's because IB is not sending true tick data. They are bursting. That means they are sending "groups" of data at fixed intervals, they might be combining the trades during that timeframe into one lump sum. I do know IB is very poor for tick data in general, but I have never used T&S on IB so I am only guessing on that front.

Another possibility would be if they are somehow counting their own darkpools that are executing off book in the T&S, like for all their own customers. You might be able to ask them if that is the case. It would seem odd but just guessing.

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:
 
  #93 (permalink)
in a meditative state...
Portugal
 
Futures Experience: Advanced
Platform: Multicharts, Jigsaw
Broker/Data: Stage5, OEC
Favorite Futures: Treasuries
 
arnie's Avatar
 
Posts: 802 since May 2010
Thanks: 709 given, 976 received



Rui S View Post

However, there is something very strange when comparing Time & Sales data with both data feeds (IB and IQ T&S windows) side by side: there are no high volume trades registered with IQFeed.

For example on CL, with IQFeed the individual trade volume is very low – very rarely more than 20, 30 contracts – while with IB data feed we can observe very often trades with hundreds, even thousands of contracts.

Could you please explain the reason for that?

Thanks.


Do not compare IB T&S with IQFeed T&S.

IQFeed is true tick data whereas IB data is not.
The same thing when looking at the DOM. Do not trust the volume traded at each level.

If you want true tick data, which I assume you want since you're using Sierra, there's no better feed than IQFeed.

If I become half a percent smarter each year, I'll be a genius by the time I die
Reply With Quote
The following 3 users say Thank You to arnie for this post:
 
  #94 (permalink)
Elite Member
Lisbon, Portugal
 
Futures Experience: Intermediate
Platform: SC, NT
Broker/Data: IB
Favorite Futures: Futures
 
Rui S's Avatar
 
Posts: 124 since May 2012
Thanks: 140 given, 49 received


Big Mike View Post
My guess, it's because IB is not sending true tick data. They are bursting. That means they are sending "groups" of data at fixed intervals, they might be combining the trades during that timeframe into one lump sum. I do know IB is very poor for tick data in general, but I have never used T&S on IB so I am only guessing on that front.

Another possibility would be if they are somehow counting their own darkpools that are executing off book in the T&S, like for all their own customers. You might be able to ask them if that is the case. It would seem odd but just guessing.

Mike


Thank you for your reply Big Mike.

Regarding your first possibility, I thought about that too, but it also happens when the market is with low liquidity and I could confirm that watching the tape from IQfeed. The difference is too big.

As to the second possibility, I read before that Futures don't have dark pools, just stocks... Am I wrong?

Reply With Quote
The following user says Thank You to Rui S for this post:
 
  #95 (permalink)
Elite Member
Lisbon, Portugal
 
Futures Experience: Intermediate
Platform: SC, NT
Broker/Data: IB
Favorite Futures: Futures
 
Rui S's Avatar
 
Posts: 124 since May 2012
Thanks: 140 given, 49 received


arnie View Post
Do not compare IB T&S with IQFeed T&S.

IQFeed is true tick data whereas IB data is not.
The same thing when looking at the DOM. Do not trust the volume traded at each level.

If you want true tick data, which I assume you want since you're using Sierra, there's no better feed than IQFeed.


Thanks for your reply arnie.

I understand that IQFeed is far better than IB data feed and that's why I'm subscribing it.

Regarding to the DOM, I have them side by side and I can't notice much difference except for a little lag when the market is very fast.

Having true tick data is good but if the volume data is not complete and doesn't show high volume trades it can be very misleading...


Last edited by Rui S; July 22nd, 2013 at 05:36 PM.
Reply With Quote
The following user says Thank You to Rui S for this post:
 
  #96 (permalink)
 Vendor: www.iqfeed.net 
Omaha NE
 
Futures Experience: Intermediate
Platform: IQFeed compatible
Favorite Futures: ES
 
Robert Carrillo's Avatar
 
Posts: 271 since Jun 2012
Thanks: 234 given, 374 received

Out of curiosity, what symbol are you using?

Reply With Quote
The following 3 users say Thank You to Robert Carrillo for this post:
 
  #97 (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: 46,240 since Jun 2009
Thanks: 29,356 given, 83,237 received


Robert Carrillo View Post
Out of curiosity, what symbol are you using?

BAM! I bet he is using the pit only or something.

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:
 
  #98 (permalink)
 Vendor: www.iqfeed.net 
Omaha NE
 
Futures Experience: Intermediate
Platform: IQFeed compatible
Favorite Futures: ES
 
Robert Carrillo's Avatar
 
Posts: 271 since Jun 2012
Thanks: 234 given, 374 received


Big Mike View Post
BAM! I bet he is using the pit only or something.

Mike

Just occurred to me. We'll find out.

Reply With Quote
The following user says Thank You to Robert Carrillo for this post:
 
  #99 (permalink)
Elite Member
Lisbon, Portugal
 
Futures Experience: Intermediate
Platform: SC, NT
Broker/Data: IB
Favorite Futures: Futures
 
Rui S's Avatar
 
Posts: 124 since May 2012
Thanks: 140 given, 49 received


Robert Carrillo View Post
Out of curiosity, what symbol are you using?


The symbol I'm using is "QCLU13 | September 2013".

Is it wrong?


Last edited by Rui S; July 22nd, 2013 at 05:27 PM.
Reply With Quote
The following user says Thank You to Rui S for this post:
 
  #100 (permalink)
 Vendor: www.iqfeed.net 
Omaha NE
 
Futures Experience: Intermediate
Platform: IQFeed compatible
Favorite Futures: ES
 
Robert Carrillo's Avatar
 
Posts: 271 since Jun 2012
Thanks: 234 given, 374 received



Rui S View Post
The symbol I'm using is "QCLU13 | September 2013".

Is it wrong?

That's correct. I want Support's input on this. I'm asking them to email you within next 10 min or so to make sure everything's in place.

Update: Curtis with Support just emailed explanation.


Last edited by Robert Carrillo; July 22nd, 2013 at 06:02 PM. Reason: update
Reply With Quote
The following 2 users say Thank You to Robert Carrillo for this post:

Reply



futures io > > > > DTN IQFeed's Dave Forss (Business Development Manager) - Ask Me Anything (AMA)

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
CTS T4's Brian Murphy (Director of Business Development) - Ask Me Anything (AMA) Big Mike Reviews of Brokers and Data Feeds 130 September 27th, 2017 02:31 PM
How would you change DTN IQFeed? Big Mike Reviews of Brokers and Data Feeds 30 June 7th, 2017 10:57 PM
R and DTN IQFeed Big Mike Matlab, R project and Python 28 January 13th, 2016 05:43 PM
Eurex, DTN IQFeed and Ninjatrader or Multicharts FGBL07 Reviews of Brokers and Data Feeds 3 November 28th, 2012 04:49 PM
Sierra Chart and DTN IQfeed bug (Invalid DTN Level 2 timestamp) Big Mike Sierra Chart 19 February 1st, 2011 03:00 PM


All times are GMT -4. The time now is 07:11 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 2017-12-18 in 0.13 seconds with 20 queries on phoenix via your IP 54.163.209.109