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Ironbeam - Mike Murphy (Director of Trading) - Ask Me Anything (AMA)


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Ironbeam - Mike Murphy (Director of Trading) - Ask Me Anything (AMA)

  #41 (permalink)
 Liv Pro 
Bucharest, Romania
 
Experience: Beginner
Platform: CQG QTrader
Broker: AMP Futures
Trading: E-micro GBP/USD and EUR/USD, Micro E-Mini S&P500, E-micro Gold
Posts: 3 since Feb 2020
Thanks Given: 4
Thanks Received: 2

Hello,

Re: Ironbeam w/ CME trading business, 2 questions please:

- do you receive TransferWise trading account deposits?
- what's the total commission and fees for a roundtrip (1 futures contract in and 1 out) for trading MES futures?

Thanks and looking forward,
Liv

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  #42 (permalink)
 Liv Pro 
Bucharest, Romania
 
Experience: Beginner
Platform: CQG QTrader
Broker: AMP Futures
Trading: E-micro GBP/USD and EUR/USD, Micro E-Mini S&P500, E-micro Gold
Posts: 3 since Feb 2020
Thanks Given: 4
Thanks Received: 2

Hello,

Re: Ironbeam w/ CME trading business, 2 questions please:

- do you receive TransferWise trading account deposits?
- what's the total commission and fees for a roundtrip (1 futures contract in and 1 out) for trading MES futures?

Thanks and looking forward,
Liv

Follow me on Twitter
  #43 (permalink)
Damitsall
Orlando FL USA
 
Posts: 4 since Jul 2020
Thanks Given: 6
Thanks Received: 5


I have something I forgot to ask at the AMA, hopefully you can help me out. When using FireTip X, lets say I open an ES position and I know you get that red line through the DOM/Advanced Trader indicating your current position(or rather your breakeven point). Now when you open 2 or more positions (at different values/prices) I notice the red line indicates your breakeven point (or profit/loss point) between all your current positions. I know I can look at current positions in Account Details, but is there a way I can mark my individual open positions on the DOM? If not is that something you could consider adding?

Thanks again, I appreciate all the information you guys have been giving out. I really appreciated that AMA.

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  #44 (permalink)
 
Ironbeam's Avatar
 Ironbeam   is a Vendor
 
Posts: 93 since Jan 2018
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Damitsall View Post
I have something I forgot to ask at the AMA, hopefully you can help me out. When using FireTip X, lets say I open an ES position and I know you get that red line through the DOM/Advanced Trader indicating your current position(or rather your breakeven point). Now when you open 2 or more positions (at different values/prices) I notice the red line indicates your breakeven point (or profit/loss point) between all your current positions. I know I can look at current positions in Account Details, but is there a way I can mark my individual open positions on the DOM? If not is that something you could consider adding?

Thanks again, I appreciate all the information you guys have been giving out. I really appreciated that AMA.

Hey there,

I'm glad you enjoyed the AMA. That would be a cool feature... So you'd want a line for each contract's entry price basically?

We were just discussing how we can add more customization to plotting formulas on the DOM. So in theory we could create a formula that gives current position entry prices for all your positions and it would plot to the DOM as lines like the one you already see for current average entry price. I want to make sure I got your request right though, so is that what you'd be looking for?

Use Promo Code FUTURES.IO for $0.45 futures commissions, $0.19 micro commissions HERE. *Promotion only available to new customers. Other fees such as exchange and NFA still apply*
Mike Murphy | Director of Trading
Ironbeam Futures
Phone: 312-765-7228 | [email protected]
Follow me on Twitter
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  #45 (permalink)
Damitsall
Orlando FL USA
 
Posts: 4 since Jul 2020
Thanks Given: 6
Thanks Received: 5


Ironbeam View Post
Hey there,

I'm glad you enjoyed the AMA. That would be a cool feature... So you'd want a line for each contract's entry price basically?

We were just discussing how we can add more customization to plotting formulas on the DOM. So in theory we could create a formula that gives current position entry prices for all your positions and it would plot to the DOM as lines like the one you already see for current average entry price. I want to make sure I got your request right though, so is that what you'd be looking for?

Basically, thats what I was looking for. Just to add on to that, instead of changing the red line (for your average entry point), maybe use some other type of marker on the DOM to indicate you have a position there, which could be a different color line, or even just a blue or red triangle in the top left corner of market price where your position is, maybe even use a number in the corner to signify how many contracts you have at a particular price.

Just some ideas how to put it on the DOM. It would just be a lot easier to be able to take a peak at the DOM and see all your current positions.

Thanks again for even reading suggestions. I think that says a lot about IronBeam.

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  #46 (permalink)
madeinnyc
Highland Park, TX
 
Posts: 36 since Jan 2020
Thanks Given: 17
Thanks Received: 20

I posted the same questions 4x and I was completely ignored by these clowns! Total turnoff, not impressed!

  #47 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,399 since Jun 2009
Thanks Given: 33,175
Thanks Received: 101,539

I don't see any prior post history from you on this thread. So I assume you mean during the live Q&A?

I'd like to have some detail to attempt to defend your rude name calling.
@tturner86 can you find this person's question the he says he asked four times and send me the details.
madeinnyc View Post
I posted the same questions 4x and I was completely ignored by these clowns! Total turnoff, not impressed!

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  #48 (permalink)
madeinnyc
Highland Park, TX
 
Posts: 36 since Jan 2020
Thanks Given: 17
Thanks Received: 20


Big Mike View Post
I don't see any prior post history from you on this thread. So I assume you mean during the live Q&A?

I'd like to have some detail to attempt to defend your rude name calling.
@tturner86 can you find this person's question the he says he asked four times and send me the details.

Sent using the NexusFi mobile app

The questions were posted last week during the live AMA webinar (in the chat box)

  #49 (permalink)
JPatFIO
Port Saint Lucie, Florida USA
 
Posts: 1 since May 2020
Thanks Given: 1
Thanks Received: 1

Motivated by the information I found on this fine site, I'm considering moving to Ironbeam. I've seen some of the videos; however, the Ironbeam Firetip X platform does not have a comprehensive Users Guide, Help Library or other written documentation, which would have been helpful.

Anyway, from what I can determine, Firetip X has no Order Type that is similar to Trading Technologies' TT Trailing Limit Order. That order type is well-documented here:

library.tradingtechnologies.com/trade/tto-trailing-limit-order.html

And none of Firetip X's existing built-in Order Types accommodates a Start Time (like most Trading Technologies' orders do).

Maybe I overlooked something; so, is all of this correct and if so, can these features be added sometime soon?

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  #50 (permalink)
 
Ironbeam's Avatar
 Ironbeam   is a Vendor
 
Posts: 93 since Jan 2018
Thanks Given: 58
Thanks Received: 81



madeinnyc View Post
The questions were posted last week during the live AMA webinar (in the chat box)

Hey there -

I would also like to know what the question was. I did my best effort to answer every question that was in the list, and I am fairly confident I was able to do so.

@Big_Mike @tturner86 Were you able to find anything?

Use Promo Code FUTURES.IO for $0.45 futures commissions, $0.19 micro commissions HERE. *Promotion only available to new customers. Other fees such as exchange and NFA still apply*
Mike Murphy | Director of Trading
Ironbeam Futures
Phone: 312-765-7228 | [email protected]
Follow me on Twitter

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Last Updated on December 7, 2020


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