broker dynamics - Reviews of Brokers and Data Feeds | futures io social day trading
futures io futures trading


broker dynamics
Updated: Views / Replies:2,163 / 6
Created: by Stem1 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
 

broker dynamics

  #1 (permalink)
Elite Member
Cairns Australia
 
Futures Experience: Beginner
Platform: MC,NT7
Broker/Data: Dukascopy
Favorite Futures: FX
 
Posts: 51 since Dec 2009
Thanks: 96 given, 9 received

broker dynamics

Hi all, I've been reading the ninja forum but would like to get a few key concepts nailed.
1.(a) With respect to trading automated FX strategies on ninja, is it important to back test using the broker supplied feed in order to "sync" with the brokers data to increase accuracy?
(b)if so, vendors like IB only have 1 year of historical data that has been described as having "many gaps", what is the workaround?
(c)If I do backtesting with Kinetick data and trade live with IB, it is acknowledged that the broker is seeing different price action than I'm seeing on Kinetick, so is the solution to reduce profit targets and increase stops from the backtested data to compensate for the variations of price action? By how much, what seems to work?

2 Is there a broker with a business model that he makes more money the longer I trade, so my success is in his best interests?
Thanks

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)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,653 since Mar 2010
Thanks: 4,226 given, 25,602 received
Forum Reputation: Legendary



Stem1 View Post
Hi all, I've been reading the ninja forum but would like to get a few key concepts nailed.
1.(a) With respect to trading automated FX strategies on ninja, is it important to back test using the broker supplied feed in order to "sync" with the brokers data to increase accuracy?
(b)if so, vendors like IB only have 1 year of historical data that has been described as having "many gaps", what is the workaround?
(c)If I do backtesting with Kinetick data and trade live with IB, it is acknowledged that the broker is seeing different price action than I'm seeing on Kinetick, so is the solution to reduce profit targets and increase stops from the backtested data to compensate for the variations of price action? By how much, what seems to work?

2 Is there a broker with a business model that he makes more money the longer I trade, so my success is in his best interests?
Thanks

1. If you have instruments that are traded on a central exchange, such as futures, you can backtest with the data of any data supplier who has taken the data from that exchange.

FOREX is traded over different exchanges and interbank ECNs. Each of these ECNs has a different population of organizations and traders participating. So I would not think that you can substitute the data of one ECN with the data of another ECN. If you are not closing out your positions intraday, but if you are a swing or position trader another feed should be good enough.

For scalping the liquidity of the ECN is crucial. I noticed that FOREX prices of different ECNs can behave quite different at the time of a news release. This may result in lower lows and/or higher highs, depending on liquidity and retail participation.

2. Any broker who does not take the opposite side of your trade, makes more money the longer you trade. So you want to select an ECN or STP broker, who has no dealing desk. For more details see link below.

ECN brokers list | ECN/STP Forex brokers

Reply With Quote
The following user says Thank You to Fat Tails for this post:
 
  #4 (permalink)
Elite Member
Cairns Australia
 
Futures Experience: Beginner
Platform: MC,NT7
Broker/Data: Dukascopy
Favorite Futures: FX
 
Posts: 51 since Dec 2009
Thanks: 96 given, 9 received

Thanks, that makes sense.
From what I understand from the ninja forum, there are 4 supported data feeds for NT;
- GAIN Capital/FOREX.com
- PFGBEST.com
- MB Trading
- Interactive Brokers
Am I limited to brokers that carry one of these 4 feeds?
If so, from what I've been reading, both the Gain and IB historical data have "gaps", and the IB historical goes back only 1 year, I'm wondering what the experience has been with MB and PFB as far as gaps in data are concerned and if these feeds have 3 years of historical data.
If there are threads already covering this subject, please point me in the right direction.
Thanks

Reply With Quote
 
  #5 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,653 since Mar 2010
Thanks: 4,226 given, 25,602 received
Forum Reputation: Legendary


Stem1 View Post
Thanks, that makes sense.
From what I understand from the ninja forum, there are 4 supported data feeds for NT;
- GAIN Capital/FOREX.com
- PFGBEST.com
- MB Trading
- Interactive Brokers
Am I limited to brokers that carry one of these 4 feeds?
If so, from what I've been reading, both the Gain and IB historical data have "gaps", and the IB historical goes back only 1 year, I'm wondering what the experience has been with MB and PFB as far as gaps in data are concerned and if these feeds have 3 years of historical data.
If there are threads already covering this subject, please point me in the right direction.
Thanks

Some questions:

(1) As a beginner it is a great endeavour to start with automated trading. I believe that well spent screen time is indispensable to udnerstand the markets. Also, do you think that NinjaTrader is reliable enough for automated trading? I do not think so.

(2) The choice of the data feed for backtesting depends on the time frame you intend to trade. A scalper would need different data to validate any ideas than a swing trader. You have not communicated this so far.

Reply With Quote
 
  #6 (permalink)
Elite Member
Cairns Australia
 
Futures Experience: Beginner
Platform: MC,NT7
Broker/Data: Dukascopy
Favorite Futures: FX
 
Posts: 51 since Dec 2009
Thanks: 96 given, 9 received

and answers;
1.I am a beginner but I also have spent the last 15 months full time studying trading FX on ninja with Gain, lots of chart time, lots of programming, lots of running strategies live in demo etc.
The question of ninja reliability has me worried, as it seems to do as expected in my testing and demo (I haven;t gone to live trading yet), but I don't know what I don't know, so now I'm interested in exactly how ninja is unreliable.
2. I'm finding the most consistency using the hourly timeframe, sometimes dropping to 15m for some resolution over price levels, and using 4hr, daily and weekly as filters. Most strategies are in for hours up to 4 or 5 days.
The free Gain demo feed ended this weekend, but I am ready to start trading live with micro or mini lots and calibrate the strategies, so I need to understand the subtleties of broker/feed combinations to take the next step.

Reply With Quote
 
  #7 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,653 since Mar 2010
Thanks: 4,226 given, 25,602 received
Forum Reputation: Legendary


Stem1 View Post
and answers;
1.I am a beginner but I also have spent the last 15 months full time studying trading FX on ninja with Gain, lots of chart time, lots of programming, lots of running strategies live in demo etc.
The question of ninja reliability has me worried, as it seems to do as expected in my testing and demo (I haven;t gone to live trading yet), but I don't know what I don't know, so now I'm interested in exactly how ninja is unreliable.
2. I'm finding the most consistency using the hourly timeframe, sometimes dropping to 15m for some resolution over price levels, and using 4hr, daily and weekly as filters. Most strategies are in for hours up to 4 or 5 days.
The free Gain demo feed ended this weekend, but I am ready to start trading live with micro or mini lots and calibrate the strategies, so I need to understand the subtleties of broker/feed combinations to take the next step.

In my personal opinion, NinjaTrader is not reliable enough for automated trading, but you can dig through the thread NinjaTrader - The Truth to get the full picture.

If you trade 15min to 4h timeframes, which is quite a reasonable timeframe for FOREX, you can certainly use a feed such as Kinetick FOREX for backtesting, even if you execute through another broker.

Have a look as well at the thread Factor of N started by @Eric j.


Last edited by Fat Tails; October 16th, 2010 at 06:20 PM.
Reply With Quote
The following 3 users say Thank You to Fat Tails for this post:

Reply



futures io > > > > broker dynamics

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
Trends and Nonlinear Dynamics Fat Tails NinjaTrader 20 January 25th, 2016 10:36 PM
Broker PGFBEST bomberone1 Reviews of Brokers and Data Feeds 8 July 11th, 2012 08:23 PM
looking for a broker drolles Reviews of Brokers and Data Feeds 8 December 18th, 2010 09:41 AM
ETF Broker MWinfrey Reviews of Brokers and Data Feeds 8 December 13th, 2010 09:39 PM
What would you do if a broker did this to you? Michael.H The Elite Circle 17 June 5th, 2010 05:52 AM


All times are GMT -4. The time now is 01:38 AM.

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 2017-12-16 in 0.12 seconds with 19 queries on phoenix via your IP 23.22.136.56