Best Data, Charting, Broker combo - Reviews of Brokers and Data Feeds | futures io social day trading
futures io futures trading


Best Data, Charting, Broker combo
Updated: Views / Replies:1,678 / 7
Created: by Jester 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 dont 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
 

Best Data, Charting, Broker combo

  #1 (permalink)
Elite Member
Manassas, VA, USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Ninjatrader Brokerage/Continuum
Favorite Futures: ES
 
Posts: 36 since Nov 2010
Thanks: 14 given, 29 received

Best Data, Charting, Broker combo

Hi folks,

I have been through a bunch of threads on here and have not found any conclusive answers for my query so I am hoping some folks can provide some guidance here.

Primary Market - Spot FX (will likely include futures later)

I am in search of a broker for US citizen who is registered and segregates funds for protection. Ideally the broker would be an ECN/STP broker not a Market Maker. At this stage in the game transaction costs are an important consideration as I am moving to larger volumes.

I have narrowed down to MBT and IB. Both seem to be reputable brokers exercising fare trading practices. But IB so far is on the winning side because their spreads appear to avg lower more frequently than MBT.

My biggest problem I believe at this point is charting a data feed. I am open to using Multicharts, NT, Sierra or another 3rd party. For my trading style I require tick data in order to create range bar charts. IB does not offer this as an option with their feed. Ideally I would want to have my data feed come from the broker whom I am placing my trades through. But because of the inherent problems of them not providing the data required I am left trying to find a provider with data whose spreads most closely align to that of my chosen broker.

I am open to the idea of investigating other brokers but the convenience of being able to trade multiple securities plus the low transaction costs through IB is very attractive.

I look forward to hearing from you other experienced folks in helping me narrow my search for the best possible combination.

Thanks in advance,
Jester

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)
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, 83,153 received


I imagine you'll get personalized responses from members, but you might also want to look at the 'futures.io (formerly BMT) Best of Trading' results to get you started:

https://futures.io/bmt-best-of-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
 
  #4 (permalink)
Elite Member
Manassas, VA, USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Ninjatrader Brokerage/Continuum
Favorite Futures: ES
 
Posts: 36 since Nov 2010
Thanks: 14 given, 29 received


Big Mike View Post
I imagine you'll get personalized responses from members, but you might also want to look at the 'futures.io (formerly BMT) Best of Trading' results to get you started:

https://futures.io/bmt-best-of-trading/

Mike

Thanks Mike that is definitely a handy quick reference list.

Looks like there are some high ratings for an IB, NT, ZenFire combo but would love to hear from others who are using this setup or some other combo that has been effective.

Reply With Quote
 
  #5 (permalink)
Elite Member
Manassas, VA, USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Ninjatrader Brokerage/Continuum
Favorite Futures: ES
 
Posts: 36 since Nov 2010
Thanks: 14 given, 29 received

Ok So I have to say I find it a bit discomforting that nobody has had any additional input on this query of mine, other than BM pointing me to the Best of page.

In a continued effort to determine if there is in fact an ideal combination for IB and a platform with data feed that includes real-time tick by tick data I came across the following thread on NT forums.

Kinetick and IB Forex data feed - NinjaTrader Support Forum

So now my next question would be is anyone currently using or has used in the past the combination of IB as your broker for spot Forex, Ninja Trader with Kinetic premium Forex data feed for intraday trading/scalping?

Thanks in advance for any and all inputs!

Jester

Reply With Quote
 
  #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: 29,350 given, 83,153 received

In general all of this has been covered many, many times. That may be why no one is wanting to cover it again right now. You will find all the info you need in the threads on the forum.

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
 
  #7 (permalink)
Elite Member
Bedford, UK
 
Futures Experience: Beginner
Platform: SierraChart/TT Feed
Favorite Futures: NQ
 
keymoo's Avatar
 
Posts: 129 since Mar 2012
Thanks: 212 given, 204 received


Jester View Post
Ok So I have to say I find it a bit discomforting that nobody has had any additional input on this query of mine, other than BM pointing me to the Best of page.

In a continued effort to determine if there is in fact an ideal combination for IB and a platform with data feed that includes real-time tick by tick data I came across the following thread on NT forums.

Kinetick and IB Forex data feed - NinjaTrader Support Forum

So now my next question would be is anyone currently using or has used in the past the combination of IB as your broker for spot Forex, Ninja Trader with Kinetic premium Forex data feed for intraday trading/scalping?

Thanks in advance for any and all inputs!

Jester

I use IQFeed with Sierra chart. Two of the best IMO. For brokerage I use Velocity for futures and Dukascopy for Forex.

Reply With Quote
 
  #8 (permalink)
Elite Member
Boston, MA / USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES
 
Posts: 203 since Apr 2013
Thanks: 2,109 given, 264 received

I use MB Trading with NinjaTrader. I would describe the combination as a disaster.

NinjaTrader does not work well with the MB API. Not all Ninja functions are available. There is a problem with MB transmitting position information before order execution info. The result is Ninja strategies get out of sync with the the real account. The work around is to use an "unmanaged approach" when programing strategies. The method is somewhat complex and would challenge a beginner. NT bracket orders will not work (stopLoss + profitLimit) which is very inconvenient.

MB has separate futures and equities clearing houses. This requires separate accounts and transferring funds between them is by check only. The futures account is blind during the trading day. You have to wait until end of the day to check your account funds.

I experienced 2 times when MB was shutdown for the trading session due to computer problems. They reset their computers for half hour at midnight and my account is unavailable at 04:00 each day requiring NT to be rebooted to reconnect. You will need an automated keystroke program to do this unless you want to get up in the middle of the night to do it manually. There is a conceptual fault with NT that is exposed when rebooting as NT strategies cannot read real account info. So your strategy may get out of sync with automated rebooting.

I don't trade Forex, but would not expect it to be any better.

On the plus side, MB offers low commissions, low minimum account size, and free minute historical data (30 - 90 days, varies with instrument). They do equities, futures and forex which is handy. There is no monthly inactivity fee, but there is a monthly data fee (I think 2 dollars) if the account is inactive.

I stick with them because I know the pitfalls, but I dream of something better.

Reply With Quote

Reply



futures io > > > > Best Data, Charting, Broker combo

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
DOMCharts - new tool for charting DOM data rounder8 The Elite Circle 4 May 18th, 2016 04:47 PM
Optimal Data/Charting/Execution Package telco Platforms and Indicators 4 October 14th, 2011 02:35 AM
Importing and Charting Trade Data horton EasyLanguage Programming 1 May 9th, 2011 05:28 PM
Charting SP and ES data with Tradestation Mondrakete Reviews of Brokers and Data Feeds 1 April 8th, 2011 01:40 PM
Random Walk charting and tick data Big Mike Traders Hideout 3 April 4th, 2010 12:30 PM


All times are GMT -4. The time now is 05:39 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 2017-11-19 in 0.11 seconds with 19 queries on phoenix via your IP 54.224.18.114