Is IQFeed really needed when having Rithmic? - Reviews of Brokers and Data Feeds | futures io social day trading
futures io futures trading


Is IQFeed really needed when having Rithmic?
Updated: Views / Replies:2,277 / 9
Created: by ostadler 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 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
 
Thread Tools Search this Thread
 

Is IQFeed really needed when having Rithmic?

  #1 (permalink)
Elite Member
Munich, Germany
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Dorman/Rithmic
Favorite Futures: NQ, CC, ZN, ZB, ZF
 
Posts: 19 since Mar 2010
Thanks: 3 given, 4 received

Is IQFeed really needed when having Rithmic?

Hello all,

Right now I am trading live with Rithmic (I came over from ZenFire) but I have IQFeed as a secondary feed. Now when I read the table on the Ninjatrader website: NinjaTrader Version 7 , and compare IQFeed with Rithmic, I wonder if there is any reason why I should keep IQFeed (other than a backup purpose). It seems that IQFeed would not give me an edge over Rithmic.
I even plan on changing over to Continuum, as my OCO groups would be supported server side. Considering that I pay around $200 for live data with IQFeed each month I wonder if this is really necessary.
If you see any error in this thoughts please let me know! :-)

Many greetings,
Oliver

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: 46,238 since Jun 2009
Thanks: 29,350 given, 83,169 received


Rithmic is an execution feed, not a true data feed. There is no historical data for example. IQFeed is a complete data feed, which includes hundreds of breadth tickers and many exchanges and products not available with Rithmic.

More:
https://futures.io/brokers-data-feeds/22585-unfiltered-data.html

Basically, it's like saying do you really need gas for your car, or is just the car enough? The car is Rithmic. It's necessary to execute your traders at your brokerage. The gas is IQFeed, it's necessary if you need historical data or breadth data.

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:
 
  #4 (permalink)
Market Wizard
Sarasota FL
 
Futures Experience: Intermediate
Platform: NinjaTrader, Sierra Chart
Favorite Futures: ES
 
Posts: 3,615 since Jan 2013
Thanks: 26,658 given, 11,040 received

Right now I'm trading with NT using Rithmic for executions in my Combine account. Historical data is provided by Ninja via their historical data servers.

They do the same for my live account: CQG handles trades, and provides current data, and Ninja provides historical data. "Historical" means, any time before I logged onto the current NT session.

I suggest emailing Ninja support and asking them the questions. That's how I found out that my historical data was provided by them and not by CQG, some time ago.

It may also depend on whatever arrangements Ninja has with your broker; another reason to ask them.

For what it's worth, I am thinking about subscribing to IQFeed even though I get historical data in my instruments without it, for the same reason that @Big Mike mentioned: breadth and other data that I don't have otherwise. (Example: I would like to have $TICK data; I can get it, but not live -- Ninja gives me historical, but CQG does not include it live, so the $TICK charts are static history, as of the date/time I logged on, and therefore worthless.... I have to access yet another account for it.)

So there is a reason, and it depends on your needs. NT support should be able to help you sort it out.

Bob.

Edit: another simple example is index data, like S&P500 index, as opposed to the ES S&P futures, or advance/decline data, or SPY (the S&P ETF), or.... you get the idea. Lots of stuff is not going to be included in your execution feed, so there's not going to be any way to access it real-time. My needs and experience are oriented toward stock index futures, so it may not apply to what you need, but there is a matter of having a complete feed, depending on what you may want or need in the future.


Last edited by bobwest; February 7th, 2015 at 08:07 PM.
Reply With Quote
 
  #5 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
mattz's Avatar
 
Posts: 2,046 since Sep 2010
Thanks: 1,918 given, 2,750 received
Forum Reputation: Legendary


Big Mike View Post
Rithmic is an execution feed, not a true data feed. There is no historical data for example. IQFeed is a complete data feed, which includes hundreds of breadth tickers and many exchanges and products not available with Rithmic.

Mike

Rithmic is first and foremost a complete data-feed.

Data-feed comes from the exchange's TickerPlant.
Part of Rithmic's technology is based upon taking all the data that the exchanges (CME, ICE, etc) distrbibute via the TickerPlanet and delivering it to your platform in a concise unfiltered manner that fuels the input for your charts, quotas, Market Profile, etc.

Each data-feed also contains OrderPlant which is a set of program that provide you with the ability to route orders to execute on the exchanges. It includes, authentication of users, authorization, order management modules, exchange submission, and execution reports.

Rithmic does provide three months only, so IQ Feed would be a great complement to those who need longer history for the purpose of trading a given methodology. The breath indicators are a plus to those who utilize such tools.

Matt

There is a risk of loss in futures trading. Past performance is not indicative of future results.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
Reply With Quote
The following 3 users say Thank You to mattz for this post:
 
  #6 (permalink)
Elite Member
Munich, Germany
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Dorman/Rithmic
Favorite Futures: NQ, CC, ZN, ZB, ZF
 
Posts: 19 since Mar 2010
Thanks: 3 given, 4 received

Hell all,

Thanks a lot for your comments, this really helped me a lot!!

Many greetings to all,
Oliver


Gesendet von iPad mit Tapatalk

Reply With Quote
 
  #7 (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: 46,238 since Jun 2009
Thanks: 29,350 given, 83,169 received


mattz View Post
Rithmic is first and foremost a complete data-feed.

Data-feed comes from the exchange's TickerPlant.
Part of Rithmic's technology is based upon taking all the data that the exchanges (CME, ICE, etc) distrbibute via the TickerPlanet and delivering it to your platform in a concise unfiltered manner that fuels the input for your charts, quotas, Market Profile, etc.

Each data-feed also contains OrderPlant which is a set of program that provide you with the ability to route orders to execute on the exchanges. It includes, authentication of users, authorization, order management modules, exchange submission, and execution reports.

Rithmic does provide three months only, so IQ Feed would be a great complement to those who need longer history for the purpose of trading a given methodology. The breath indicators are a plus to those who utilize such tools.

Matt

There is a risk of loss in futures trading. Past performance is not indicative of future results.

Glad to see they are evolving. They used to provide no historical data at all, which is why NinjaTrader did it for them. Then after a few years, they started providing 3-days of historical to MultiCharts. I don't remember any announcement about when they moved to 3-months of data. Still, 3 months is basically worthless in my opinion, but better than 3 days for sure.

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:
 
  #8 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
mattz's Avatar
 
Posts: 2,046 since Sep 2010
Thanks: 1,918 given, 2,750 received
Forum Reputation: Legendary


Big Mike View Post
Glad to see they are evolving. They used to provide no historical data at all, which is why NinjaTrader did it for them. Then after a few years, they started providing 3-days of historical to MultiCharts. I don't remember any announcement about when they moved to 3-months of data. Still, 3 months is basically worthless in my opinion, but better than 3 days for sure.

Mike

It took me a long time to "evolve" Rithmic to think along retail lines.
Some projects we had to take on ourselves, like making the demo/cme certification an online process versus downloading r-trader for all the platforms that are driven by Rithmic.
I believe this is why NinjaTrader does not provide Rithmic demos, as you now need to expose another platform.

SierraCharts via "OptimusScreen" also provides historic data.

IQ Feed is excellent source of data for developers, and their customer service via James To, has been incredible.
Those platforms that lack the historical component and breath indicators, we have always recommended IQ.

Matt

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
Reply With Quote
The following 2 users say Thank You to mattz for this post:
 
  #9 (permalink)
Elite Member
Russia, St.Petersburg
 
Futures Experience: Advanced
Platform: Sierra Chart
Broker/Data: AMP/Rithmic
Favorite Futures: Futures
 
Jonson's Avatar
 
Posts: 242 since Jan 2011
Thanks: 210 given, 108 received

hi. I do not see any reason to use IQFEED

* If investing gets too difficult for a seventh grader to understand, the system is needlessly complex
* Markets produce an enormous volume of information, much of which is redundant
* In every game and con there's always an opponent, and there's always a victim. The trick is to know when you're the latter, so you can become the former
Reply With Quote
 
  #10 (permalink)
 Vendor: www.iqfeed.net 
Omaha NE/USA
 
Futures Experience: None
Platform: DTN.IQ
Favorite Futures: Futures
 
IQFeed James's Avatar
 
Posts: 50 since Jun 2014
Thanks: 87 given, 73 received


@ostadler please contact me directly and I will check all your services and exchange fees to insure you are recieving the lowest rates.

With tens of thousands of customers, there is obviously a reason people choose us to power their trading platforms. If you only trade the ES and believe the contract can be traded by watching a real time chart only, IQFeed is going to be overkill for you. However, if you understand that there are multiple dynamics to the market then you need more than a single contracts real time quote. We provide cross asset information so traders can see what is happening in the equity markets, other futures markets, forex markets, etc. Our service includes real time streaming news so you are able to react to economic, social, political or other market moving events. In addition, we calculate over 700 market breadth indicators every second to provide insight into market undertones. With nearly 10 years of 1 minute bars of history that we back-adjust for you, professional traders are able to spend more time focused on making profitable trades instead of worrying about or managing their data. And, should you ever have a question or problem, we are here 24 hours per day five and a half days per week to help.

Since IQFeed is supported by nearly all of the top analytical platforms, you don't have to feel locked into one way of analyzing your trades. Run multiple platforms at the same time, knowing the most accurate data is on them all.

Feel free to contact me with any questions, we are here to help.

James To, Business Development Manager, Trading
DTN
9110 West Dodge Road, Omaha, NE 68128
Toll-Free 800.475.4755 x8432 | Ph. 402.255.8432
james.to@dtn.com | Welcome to DTN IQFeed! - Fast, Reliable, Affordable. Market Data and API's.

Reply With Quote
The following 3 users say Thank You to IQFeed James for this post:

Reply



futures io > > > > Is IQFeed really needed when having Rithmic?

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
Rithmic Zoethecus Reviews of Brokers and Data Feeds 196 February 9th, 2017 08:55 PM
Rithmic Down TrendTraderBH Reviews of Brokers and Data Feeds 50 September 13th, 2012 11:42 AM
zenfire/kinetick/rithmic/iqfeed dmau Reviews of Brokers and Data Feeds 12 July 12th, 2012 06:09 PM
Zen/Rithmic, Kinetic, IqFeed torroray Reviews of Brokers and Data Feeds 2 May 18th, 2012 05:23 PM
IQFeed and Rithmic volume difference due to implied trades? sugarhigh Reviews of Brokers and Data Feeds 5 February 17th, 2012 01:02 PM


All times are GMT -4. The time now is 11:29 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 2017-11-21 in 0.14 seconds with 19 queries on phoenix via your IP 54.144.57.183