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"Free" platforms/datafeeds OEC, TA, TOS.
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"Free" platforms/datafeeds OEC, TA, TOS.

  #1 (permalink)
Trading Apprentice
Riverside, CA
 
Futures Experience: Intermediate
Platform: TransActAT, OEC, Sierra Chart, TOS
Favorite Futures: ES, NQ
 
Posts: 21 since Feb 2015
Thanks: 5 given, 6 received

"Free" platforms/datafeeds OEC, TA, TOS.

I want to daytrade/scalp ES or NQ at the market open (first half hour).

Should I go with Open E Cry (OEC) or TransactAT (TA)? Both are free but I noticed the demo for OEC is really laggy at open. Looking for feedback from "live" account holders and how OEC and TA react at the market open (6:30am-7:00am PST)? TA wasn't that bad and TOS was also laggy (I have a live account with TOS - will not use for futures).

Your feedback is greatly appreciated, my original post was too wordy. Thanks!


Last edited by upsolow; February 2nd, 2015 at 05:20 PM. Reason: I think I was too wordy. Stripped it down to simple question. Thanks!
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  #2 (permalink)
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  #3 (permalink)
Elite Member
asheville north carolina USA
 
Futures Experience: Beginner
Platform: ATC trader (OEC white label)
Broker/Data: ATC
Favorite Futures: futures
 
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Posts: 312 since Sep 2014
Thanks: 765 given, 271 received

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upsolow View Post
I want to daytrade/scalp ES or NQ at the market open (first half hour).

Should I go with Open E Cry (OEC) or TransactAT (TA)? Both are free but I noticed the demo for OEC is really laggy at open. Looking for feedback from "live" account holders and how OEC and TA react at the market open (6:30am-7:00am PST)? TA wasn't that bad and TOS was also laggy (I have a live account with TOS - will not use for futures).

Your feedback is greatly appreciated, my original post was too wordy. Thanks!

I can't tell you who to "go with" but I can tell you my experiences with my platform (OEC WHITE LABEL thru ATC Brokers).
1. My charts lag my DOM during really fast moving markets. Spoke with my broker abou this and he said that is to be expected during hi volume times with most data feeds. My quest to find out the particulars, I called NINJA Brokerage and they told me that during fast moving markets that even their customers have experienced latency. Ninja asked what sort of connection I had and was I wi FI or line in. At the time I was WI FI but very close to the router. I checked my speed and found that is wa the same (LINE IN n WIFI). Never the less I plugged line in and have stayed that way in an attempt to minimize latency. As a note, I still get chart lag. The few times that I have noticed a considerable lag were during the micro crash 10/13/14, FED meetings, and the occaisional NFPR.

ATC told me that the DOM would be the "more accurate" to pay attention to during these instances of latency. Also as a note, I was told that the morecharts one had running, the moreof a chance for lag. Also I trade on a laptop with 4GB RAM and I can only assume that with low memory that the charts i have running the more signals have a chance to lag.

As far as the latency differences between platforms:
I noticed when simming NINJA, that their DOM seemed to be split seconds quicker than my OEC. I put the 2 DOMS next to each other and it seemed that the NINJA DOM would climb the rungs a bit quicker. Really hard to tell the difference though. I called NINJA again and the REP i spoke to said that the Data provider made all of the difference in the world.

Since then i have talked with OPTIMUS Futures ( who has a thread on this forum) Said that Data feed is everything and that his company offered RITHMIC and that the data was "unthrottled"or "unfiltered. SOoo apparently some feeds exclude data for a smoother display.... or something....Not sure still trying to figure it all out.

Then I talked to Peter Davies who has a thread on this forum and several webinars and a company,"JIGSAW" and he said that OEC data is fine and actually works harmoniosly with his JIGSAW TOOLS (which are basically enhanced DOM's which can be very beneficial to scalpers and traders looking for precise entry points. I figure if OEC is OK with an experienced order flow trader then it should be OK for me.

I recently won a IQ feed which I plan to inititate next week. My prize was a year of their basic service. I believe that a yearly cost a grand or more so I am assuming that it is superior to free feeds. I am about to find out. i wil be sure to posts about my observations and realizations with IQ data feed.

To sum it all up.
1. People are trying to sell us this stuff so of course we are going to hear things that make us want what they are offering. No disrespect to sales as in most cases they do know the intricate side of what they are selling.
2. As traders we have to know that our equipment is powerful enough to facilitate our setup (numerous charts) and that our internet connection is strong and sustained.
3. If you are gunslinging and want to scalp then you should consider paying for a feed that is tried and true. It seems like a little latency could really bite in to ones bottom line when looking for the precise entries needed to scalp effectivley.
4. Call Optimus, Ninja, Cannon, Stage 5, and ask them questions about the feeds. Also you can post questions on their threads on this forum. Peter at JIGSAW was very receptive and quick to reply by email when I was trying to diffuse my confusion.
5.I do feel your pain. Latency could relly screw up a market entry during volatile moments.

I woud be curious to hear what you discover while scouting feeds.

"Napoleans severest comment on his beaten enemies - that they "saw to many things at once""- Hart
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  #4 (permalink)
Elite Member
Austin, TX
 
Futures Experience: Intermediate
Platform: F-16CM-50
Favorite Futures: JDAM
 
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upsolow View Post
I want to daytrade/scalp ES or NQ at the market open (first half hour).

Should I go with Open E Cry (OEC) or TransactAT (TA)? Both are free but I noticed the demo for OEC is really laggy at open. Looking for feedback from "live" account holders and how OEC and TA react at the market open (6:30am-7:00am PST)? TA wasn't that bad and TOS was also laggy (I have a live account with TOS - will not use for futures).

Your feedback is greatly appreciated, my original post was too wordy. Thanks!

I have tried TA and it was a joke, I would choose OEC.

Personally I use Ninja and OEC. If you want good data and a good platform, it will cost some money. But for me OEC is as good as it gets for a free platform.

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  #5 (permalink)
Trading Apprentice
Riverside, CA
 
Futures Experience: Intermediate
Platform: TransActAT, OEC, Sierra Chart, TOS
Favorite Futures: ES, NQ
 
Posts: 21 since Feb 2015
Thanks: 5 given, 6 received

Thank you y'all. Very grateful for the valuable feedback.

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  #6 (permalink)
Elite Member
asheville north carolina USA
 
Futures Experience: Beginner
Platform: ATC trader (OEC white label)
Broker/Data: ATC
Favorite Futures: futures
 
bourgeois pig's Avatar
 
Posts: 312 since Sep 2014
Thanks: 765 given, 271 received


upsolow View Post
Thank you y'all. Very grateful for the valuable feedback.

I wish I could be of more help. I am trying to figure the feed out. Turner has experience and if says that OEC has the best free data i would value his assessment as well as Peter Davies aka Dionysus Toast. I f you are interested in scalping i would watch his webinars here or on BIG MIKE's You Tube channell and visit the JIGSAW website. Also for aspiring scalpers i would recommend John Grady webinars or his website NO BS DAYTRADING. Also FUTURE TRADER 71 has some good stuff.

When I first began this trading journey I envisioned myself as a scalper. I was actually quite good at it in SIM but got chopped up more often than not in real time. The emotions and slippage make a difference. Latley I have been trying to catch the bigger moves but find that you really have to give a trade room to work (deep stop) to catch the big ones. That being said every trade is different and adjustments have to be made. I recently turned off the tick stream (the tape) and it helped to relax me a bit. Watching the tape zoom by was exhilirating but distracting as well. One day I will try to revisit scalp mode. But for now i need to simplify things so as not to die by death by a thousand papercuts.

If you discover any new info regarding feeds I would like to hear and I'll let you know about IQ once i have it up and running.

"Napoleans severest comment on his beaten enemies - that they "saw to many things at once""- Hart
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  #7 (permalink)
Trading Apprentice
Riverside, CA
 
Futures Experience: Intermediate
Platform: TransActAT, OEC, Sierra Chart, TOS
Favorite Futures: ES, NQ
 
Posts: 21 since Feb 2015
Thanks: 5 given, 6 received


bourgeois pig View Post
I wish I could be of more help. I am trying to figure the feed out. Turner has experience and if says that OEC has the best free data i would value his assessment as well as Peter Davies aka Dionysus Toast. I f you are interested in scalping i would watch his webinars here or on BIG MIKE's You Tube channell and visit the JIGSAW website. Also for aspiring scalpers i would recommend John Grady webinars or his website NO BS DAYTRADING. Also FUTURE TRADER 71 has some good stuff.

When I first began this trading journey I envisioned myself as a scalper. I was actually quite good at it in SIM but got chopped up more often than not in real time. The emotions and slippage make a difference. Latley I have been trying to catch the bigger moves but find that you really have to give a trade room to work (deep stop) to catch the big ones. That being said every trade is different and adjustments have to be made. I recently turned off the tick stream (the tape) and it helped to relax me a bit. Watching the tape zoom by was exhilirating but distracting as well. One day I will try to revisit scalp mode. But for now i need to simplify things so as not to die by death by a thousand papercuts.

If you discover any new info regarding feeds I would like to hear and I'll let you know about IQ once i have it up and running.

Thanks, I will definitely share my findings. So far, I'm really leaning toward an OEC provider and had narrowed down to Cannon Trading, Apex Futures, and Stage 5. I'm really liking and leaning most towards Stage 5 (though Apex is close second) due to the many support videos available. As for the speed/lag issues I spoke with someone at FuturesOnline/OEC that confirmed with me that the "demo" version could be slower when resources are needed server side to support volatile times - in essence my understanding is the resources (does this mean RAM or bandwidth? regardless) are more heavily supporting the live platform in those times (which may cripple the demo environment). Also, with the 2 of you's feedback on the live platform have rare issues I'm definitely sold on OEC (plus it's way prettier then TA). Just which white labeled version to go with is my question (leaning toward Stage 5). Thanks again for your wonderful insights my friends!

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  #8 (permalink)
Elite Member
Austin, TX
 
Futures Experience: Intermediate
Platform: F-16CM-50
Favorite Futures: JDAM
 
tturner86's Avatar
 
Posts: 5,768 since Sep 2013
Thanks: 9,846 given, 11,109 received
Forum Reputation: Legendary


upsolow View Post
Thanks, I will definitely share my findings. So far, I'm really leaning toward an OEC provider and had narrowed down to Cannon Trading, Apex Futures, and Stage 5. I'm really liking and leaning most towards Stage 5 (though Apex is close second) due to the many support videos available. As for the speed/lag issues I spoke with someone at FuturesOnline/OEC that confirmed with me that the "demo" version could be slower when resources are needed server side to support volatile times - in essence my understanding is the resources (does this mean RAM or bandwidth? regardless) are more heavily supporting the live platform in those times (which may cripple the demo environment). Also, with the 2 of you's feedback on the live platform have rare issues I'm definitely sold on OEC (plus it's way prettier then TA). Just which white labeled version to go with is my question (leaning toward Stage 5). Thanks again for your wonderful insights my friends!

I personally recommend Cannon, as their support has been amazing. But Stage 5 is a close second, the only reason I did not go with them was I do not like who they have to clear through to use Ninja (Global Futures). But all of the guys at Stage 5 and Cannon get 2 thumbs up from me!

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  #9 (permalink)
Elite Member
Singapore
 
Futures Experience: Beginner
Platform: SC, TOS
Broker/Data: Inifinity Futures, TOS
Favorite Futures: NQ
 
Posts: 206 since Jun 2011
Thanks: 1,048 given, 198 received


tturner86 View Post
I have tried TA and it was a joke, I would choose OEC...

Hi @tturner86, care to elaborate why you felt TA was a joke?

I asked this as Sierra Chart works closely with them, very closely I think.

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  #10 (permalink)
Trading Apprentice
Riverside, CA
 
Futures Experience: Intermediate
Platform: TransActAT, OEC, Sierra Chart, TOS
Favorite Futures: ES, NQ
 
Posts: 21 since Feb 2015
Thanks: 5 given, 6 received


Awesome, love this feedback, thanks again.

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