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Experience with Velocity Futures?
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Experience with Velocity Futures?

  #111 (permalink)
Elite Member
Bala, PA, USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus, IB
Favorite Futures: SPY, Oil, Euro
 
monpere's Avatar
 
Posts: 1,858 since Jul 2010
Thanks: 300 given, 3,273 received


h4cked View Post
Very Good...
After a technically annoying time with Zenfire and IB, Big Mike recommended Velocity (I have also moved over to the full CQG IC, something I have been wanting to do for 5 months), I have to say the opening process the dialogue with Dale Box and their entire operation from application to first order fill has been amazing.

7 years with IB makes you happy when someone answers an email within 1 week.

Mike, thanks for the great posts on your experinces with Velocity and the demos on X-Trader.
I now start the mammouth task of moving all my code to CQG
Adam

With IB, I always call the trade desk by phone, I always get to talk to someone, after the ncessary wait time (less then a week ) The person at the other end of the phone is generally nasty, and thinks they are doing you a favor by picking up the phone, but at least they generally answer in my experience.

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  #112 (permalink)
Elite Member
Bala, PA, USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus, IB
Favorite Futures: SPY, Oil, Euro
 
monpere's Avatar
 
Posts: 1,858 since Jul 2010
Thanks: 300 given, 3,273 received


MetalTrade View Post
$0.2 RT extra to use Ninja on Velocity TT. Because of the static DOM. But what if you don't use the static DOM in Ninja ? Too bad, you still pay the $0.2 RT EXTRA .... pffffffff, that sucks !!!

I don't know why people use NT's crappy dynamic DOM, when they have probably the best chart trader on the market !!!

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  #113 (permalink)
Membership Permanently Revoked
 
Futures Experience: Intermediate
 
Posts: 1,176 since Nov 2009
Thanks: 221 given, 844 received

Top Brokers 2010


this might be of interest to some of you..

http://www.futuresmag.com/Issues/2010/December-2010/Documents/Top50_2010.pdf

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  #114 (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
 
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sysot1t View Post

I always liked the number "42".

http://tinyurl.com/caragy

It is interesting to compare the other stats (not just the rank).

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
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  #115 (permalink)
Elite Member
Phoenix AZ USA
 
Futures Experience: Advanced
Platform: SierraChart
Broker/Data: TradePro/TransAct
Favorite Futures: NQ YM ES
 
Posts: 291 since Nov 2009
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MetalTrade View Post
Something I don't understand is that if you pay yourself for X-trader or you pay for yourself for Ninjatrader the comissions are higher for Ninjatrader than for trading withX-trader.

why is that ? I mean, you pay in both cases for the software, that is no cost to Velocity, why is ninjatrader more expensive ?

I don't get it.

Here is why commissions for Ninja/TT are slightly higher:

http://www.tradingtechnologies.com/news/050714_NinjaSettlement.pdf

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  #116 (permalink)
Elite Member
Harrogate, England
 
Futures Experience: Master
Platform: Sierra Chart
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h4cked's Avatar
 
Posts: 38 since Dec 2010
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velocity have to pay TT for x-trader hence the free version is more per r/t
The same applies for Ninja

If you do more than 900 contracts per side per month it's cheaper to have one of the major platforms CQG or X-Trader pro.

Adam

You have to enjoy it.
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  #117 (permalink)
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Futures Experience: Beginner
 
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tomgilb View Post
Here is why commissions for Ninja/TT are slightly higher:

http://www.tradingtechnologies.com/news/050714_NinjaSettlement.pdf

You also have to pay TT per trade if u use ninjatrader even if you don't use the patented dom, I don't think many people know that.

They all think their datafeed is free, it isn't.

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  #118 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
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Big Mike's Avatar
 
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@hoeman

Continuing our discussion from the Deep Discount thread:

https://futures.io/brokers-data-feeds/4605-deepdiscounttrading-broker-5.html#post84938 post 46 and forward...

I spoke to @Dale Box at Velocity, and he set me straight on a few things. So it seems I was wrong, you can't just select TT FIX and use it in NT. Even if you own a lifetime license of NT, you still have to pay NT royalties which they collect and then disperse to TT. So you are paying a premium on every trade for the privilege of using NT it seems.

So that brings us up from 3.60/rt on ES to 3.80/rt on ES. I am not sure about your Deep Discount guy, what or if/how the TT patent royalties enter that equation. Maybe the feed is Zen instead of TT.

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.

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  #119 (permalink)
Elite Member
Italy (IT)
 
Futures Experience: Advanced
Platform: ATAS, R|Trader, NT8
Broker/Data: Rithmic
Favorite Futures: CL, Brent, GC, TF
 
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Posts: 1,501 since Apr 2010
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The solution? Use SierraChart!!

Take your Pips, go out and Live.
Luke.
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  #120 (permalink)
Membership Revoked
 
Futures Experience: Beginner
 
Posts: 1,081 since May 2010
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No, it's TT with Deepdiscountrading.

Like I said, many people don't have an idea how much we pay left and right to everybody.

One of the cheapest trading is with sierracharts.

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