Experience with Velocity Futures? - Reviews of Brokers and Data Feeds | futures io social day trading
futures io futures trading


Experience with Velocity Futures?
Updated: Views / Replies:79,487 / 303
Created: by Gary Attachments:8

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
 8  
 
Thread Tools Search this Thread
 

Experience with Velocity Futures?

  #31 (permalink)
Elite Member
Chicago
 
Futures Experience: Intermediate
Platform: Ninjatrader,TOS
Favorite Futures: ES
 
Posts: 18 since Jun 2010
Thanks: 1 given, 6 received

Well Velocity does use Trading Technologies on Ninjatrader. Initially when I was looking for a broker I was looking for a Zen-fire version. I demoed the feed on my desktop and TT on my laptop they were both pretty much the same I would have the same indicators on both computers would get the same results.

Reply With Quote
 
  #32 (permalink)
Elite Member
london
 
Futures Experience: Beginner
Platform: ninja
Favorite Futures: fgbl
 
Posts: 152 since Nov 2009
Thanks: 64 given, 44 received

i frequently lose connection to tt data feed -- so if doing cumulative delta studies like that supplied by market delta -- yr data results likely to differ, other than that they seem ok

Reply With Quote
 
  #33 (permalink)
CL Assassin
Near Dallas, Texas, US
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: ZenFire
Favorite Futures: CL
 
Gary's Avatar
 
Posts: 1,070 since Jun 2009
Thanks: 504 given, 2,230 received



vegasfoster View Post
Are you dissatisfied with Mirus Gary?

Hey Vegasfoster,

Not really, overall satisfied. I did have an issue a few weeks ago which was pretty big in my book, and would help add to all of the conspiracy theories.

I need to create a separate post on it, but long story short: Had a number of orders on one day. Get my statement which showed I made less than expected. I eventually find that they duplicated two of my trades, and both happen to be losers. What is more strange is I had winning trades in between these losing trades, which of course were not duplicated! - So, I call that evening, no one answers any phone numbers at Mirus or Dorman, or my rep, or e-mail, etc. I get a hold of someone the next day finally who gives me attitude and acts like I am stupid for asking how this could happen. He says something along the lines of "It is not a perfect system; it happens, etc." He said the trades appear to have "been duped at Nymex". I have yet to 'beat them up' more, but feel that I am due a better explanation on how this could happen. I would bet you $1MIL that if the trades that were duplicated were winners, it would have been caught and corrected without me even knowing about it. Don't tell me they don't have systems in place to automatically correct this type of thing without me having to find it and notify them.

So, I had to find the errors myself, notify them, and get attitude from them about it. In the end they backed the trades out and corrected it, but I shouldn't have to worry about this kind of stuff happening.

Anyone heard of this type of thing happening with any broker before?

Gary

Reply With Quote
The following user says Thank You to Gary for this post:
 
  #34 (permalink)
Elite Member
CA
 
Futures Experience: Master
Platform: Marketdelta and Ninja
Broker/Data: Velocity
Favorite Futures: NQ
 
Posts: 670 since Apr 2010
Thanks: 64 given, 521 received

i hear ninja is having problems with zen and TT feed recently... its all over their forums. It may be affecting version 6.5 as well, but i haven't verified this. I don't have problems with X-trader, so their TT feed is fine.

Again, don't trade live with beta software....

here's a link saying zen has connection issues, and they recommend you not trade until its worked out....
http://www.ninjatrader.com/support/forum/showthread.php?p=179742

TT feed
http://www.ninjatrader.com/support/forum/showthread.php?t=31497

http://www.ninjatrader.com/support/forum/showthread.php?t=31502

I don't really use ninja anymore, but i run it to "capture" bid/ask data untill ninja works out all its kinks, and maybe ill switch back. In the meantime, im using other software to trade and for charting.

I still do have to note that i think velocity is much better than mirus because of their reporting tools, and im actually warming to more to X-trader now.


Last edited by Michael.H; July 19th, 2010 at 12:36 AM.
Reply With Quote
 
  #35 (permalink)
CL Assassin
Near Dallas, Texas, US
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: ZenFire
Favorite Futures: CL
 
Gary's Avatar
 
Posts: 1,070 since Jun 2009
Thanks: 504 given, 2,230 received


Michael.H View Post
i hear ninja is having problems with zen and TT feed recently... its all over their forums. It may be affecting version 6.5 as well, but i haven't verified this.

Again, don't trade live with beta software....
I'm pretty sure i've said this many times, and everyone keeps bashing me saying that i complain too much about ninja and they never have problems.
Everything may work fine, then one day, you might change a setting and a bug will cause these types of problems. I suggest at the very least you guys stop trading untill you figure out the root of the problem.

here's a link saying zen has connection issues, and they recommend you not trade until its worked out....
Zen Fire NT 7 Beta Connection Issues - Page 2 - NinjaTrader Support Forum

TT feed
Unable to connect to TT - NinjaTrader Support Forum

Ninja 7 version 18 connection problem. - NinjaTrader Support Forum

Hey Michael,

Thank you for the information. The problem I am describing happened weeks ago, and I am using NT 6.5.X with Zen currently. I also have an IB account for backup.

The problem was not at all related to software or data feed, but instead an error on the Nymex side according to Mirus. Ninja showed everything correctly in the logs, trades tab, executions, etc, and I knew what ATM strategy I was using so it wasn't terribly difficult to find the 2 'errors'. They showed 2x the number of contracts being traded on both the 'error' trades.

Have a good evening,
Gary

Reply With Quote
 
  #36 (permalink)
Elite Member
Sweden
 
Futures Experience: Master
Platform: TT, NT, MetaTrader
Broker/Data: Velocity Futures, MB Trading
Favorite Futures: EUR/USD
 
George's Avatar
 
Posts: 401 since Jun 2009
Thanks: 1,005 given, 1,168 received

Gary,

A very effective way to handle a situation like this would be to talk to someone higher in the hierarchy. If they give you an attitude. (Tell them about your experience with that guy as well). Then it means that the whole organization is infected! Try to find out who you could speak to and approach them instead!

And if it so, (them being infected) please let us know as well!


Gary View Post
Hey Vegasfoster,

Not really, overall satisfied. I did have an issue a few weeks ago which was pretty big in my book, and would help add to all of the conspiracy theories.

I need to create a separate post on it, but long story short: Had a number of orders on one day. Get my statement which showed I made less than expected. I eventually find that they duplicated two of my trades, and both happen to be losers. What is more strange is I had winning trades in between these losing trades, which of course were not duplicated! - So, I call that evening, no one answers any phone numbers at Mirus or Dorman, or my rep, or e-mail, etc. I get a hold of someone the next day finally who gives me attitude and acts like I am stupid for asking how this could happen. He says something along the lines of "It is not a perfect system; it happens, etc." He said the trades appear to have "been duped at Nymex". I have yet to 'beat them up' more, but feel that I am due a better explanation on how this could happen. I would bet you $1MIL that if the trades that were duplicated were winners, it would have been caught and corrected without me even knowing about it. Don't tell me they don't have systems in place to automatically correct this type of thing without me having to find it and notify them.

So, I had to find the errors myself, notify them, and get attitude from them about it. In the end they backed the trades out and corrected it, but I shouldn't have to worry about this kind of stuff happening.

Anyone heard of this type of thing happening with any broker before?

Gary


We all struggle to make tomorrow look like yesterday!
Get rid of your past and let the future unfold from the now.
Past performance is not indicative of future results.
/George
Reply With Quote
The following 2 users say Thank You to George for this post:
 
  #37 (permalink)
Trading Apprentice
ar
 
Futures Experience: Intermediate
Platform: x_trader
Broker/Data: Velocity
Favorite Futures: ES
 
Posts: 17 since Jun 2010
Thanks: 1 given, 6 received

If you end up demoing the X_trader DOM platform before you decide to switch to velocity just note that the live DOM is MUCH faster at least it is on my end. I have used cqg through velocity too and the X_trader DOM is just nuts. I am also using a free version of Ninja for charts connected to a tt_sim server and am doing fine with it... I compared volume delta in my ninja setup to a zenfire/market delta volume delta and they were different.. Not by much but they were.. By the way anyone know who max is on the scoreboard?!?!

Reply With Quote
The following user says Thank You to Would for this post:
 
  #38 (permalink)
Just starting out...
Denver/Frisco Colorado
 
Futures Experience: Advanced
Platform: NT MT4 MarketDelta
Broker/Data: TT DTN
Favorite Futures: ym
 
summitfx's Avatar
 
Posts: 4 since Aug 2009
Thanks: 0 given, 4 received

Following up, I've been trading futures over 10 years. I started out as a S.O.E.S. bandit. I've used many platforms and brokers over the years. I dumped NT years ago for all of the reasons I've found listed here. When I switched to Velocity, i decided to give them another shot. I currently use Market Delta for charting and the NT-TT combo dom for order entry. I also like to adjust my targets on the NT chart. I happy to say things are working well for me. I'm not that concerned about a second or two. Perhaps I should be but I'm more relaxed and plan my entries better than I did in the beginning. I may call and inquire about using X=trader for a better rate at some point. Velocity is top-notch- no BS. you will be very happy as a customer. Thanks Big Mike for the forum.

ride -0n

Reply With Quote
The following user says Thank You to summitfx for this post:
 
  #39 (permalink)
Elite Member
Moving
 
Futures Experience: Intermediate
Platform: NT
Broker/Data: Mirus/Zen Fire
Favorite Futures: ES
 
Posts: 82 since May 2010
Thanks: 90 given, 44 received

Interesting posts.

I am looking at Velocity as an alternative to Mirus after experiencing less than professional conduct from them. The issue is my account is being depleted slowly by at least 10-40/week, regardless whether trades executed or not. The Account Manager throws all BS reasons such Euro/US exchange rates due to fact I hold some Euros in the account. Worked for him until the Euro gained value but my account STILL kept falling. He fails to answer any direct questions and continuously spins his crap. Note I have had no issues with Mirus until this year. Something must have gone wrong in that place. Good idea, will talk to someone senior later tomorrow. BTW, any communication with DORMAN keeps redirected to Mirus! Do your due diligence and not just rely on the past performance of these brokers.

Anyway, as I said, looking into Velocity and hopefully find honesty and integrity with them. Question for Velocity clients using NT - what data feeds is available, I can't seem to read this info from their site.

Reply With Quote
 
  #40 (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: 29,355 given, 83,237 received


@kashter, Velocity uses the TradingTechnologies (TT) adapter, it's called TT_FIX (financial information exchange). You should definitely do a trial and make sure it works for your situation, if I recall correctly TT does not have historical backfill.

My rep at Velocity has been great so I would recommend him, Dale Box (dbox /at/ velocityfutures.com). He should be able to answer questions about exchange rates as well as historical backfill on TT via Ninja, and set you up with a two week trial.

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:

Reply



futures io > > > > Experience with Velocity Futures?

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
Optimus or Velocity rani Reviews of Brokers and Data Feeds 74 November 18th, 2013 06:22 PM
Webinar: Sierra Chart w/Velocity Futures Big Mike Sierra Chart 21 December 29th, 2012 12:15 PM
Any one have experience or info on Transact Futures? Yasha Reviews of Brokers and Data Feeds 10 May 16th, 2012 01:34 AM
Any experience with Mirus Futures petemm Reviews of Brokers and Data Feeds 36 January 5th, 2012 04:03 AM
Multicharts compatible with Velocity Futures? josh MultiCharts 30 September 12th, 2011 07:31 PM


All times are GMT -4. The time now is 07:35 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 2017-12-17 in 0.17 seconds with 40 queries on phoenix via your IP 54.163.209.109