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Choosing Dorman or IB


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Choosing Dorman or IB

  #11 (permalink)
 
rleplae's Avatar
 rleplae 
Gits (Hooglede) Belgium
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Pulse View Post
Thanks for the input. What do you exactly mean by sophistication?

= supported features, like :

- manage more than one account (friends and family, ...
- interface through API (to let your own application talk to their platform
- order types (risk managed orders, special condition orders, iceberg, algo's, etc...
- statements in many different format (incl. structured data
- time in force and other time restrictions order attributes

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  #12 (permalink)
Pulse
Prague, Czech Republic
 
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rleplae View Post
= supported features, like :

- manage more than one account (friends and family, ...
- interface through API (to let your own application talk to their platform
- order types (risk managed orders, special condition orders, iceberg, algo's, etc...
- statements in many different format (incl. structured data
- time in force and other time restrictions order attributes

Very interesting. Interface through API, you mean you are using a custom application? Did you create it? But also wouldn't that mean that you have to use IB data which is not optimal?

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  #13 (permalink)
 
rleplae's Avatar
 rleplae 
Gits (Hooglede) Belgium
Legendary Market Wizard
 
Experience: Master
Platform: NinjaTrader, Proprietary,
Broker: Ninjabrokerage/IQfeed + Synthetic datafeed
Trading: 6A, 6B, 6C, 6E, 6J, 6S, ES, NQ, YM, AEX, CL, NG, ZB, ZN, ZC, ZS, GC
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Pulse View Post
Very interesting. Interface through API, you mean you are using a custom application? Did you create it? But also wouldn't that mean that you have to use IB data which is not optimal?

I created my own bot that generates orders, it injects them into NinjaTrader (ATI + Direct DB), which
was a very long painful process (many bugs i had to work around... NT support clueless to fix the
memory leaks and the crashes), but this allows me to talk to any broker supported by my multi-broker
license. Haven't seen a crash any more in the last 5 months, since i was able to work around the
areas of concern...

The bot takes it's data independent from the data-feed of Ninjatrader, the data arrives at NT and the
data arrives at the BOT. I don't see this would be different if the BOT keeps receiving data from IQfeed
and injects an order into IB.

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  #14 (permalink)
neil
Cambridge, UK
 
Posts: 23 since Jun 2012
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rleplae View Post
= supported features, like :

- manage more than one account (friends and family, ...
- interface through API (to let your own application talk to their platform
- order types (risk managed orders, special condition orders, iceberg, algo's, etc...
- statements in many different format (incl. structured data
- time in force and other time restrictions order attributes

For day trading Micro Futures, how do they compare with the likes of AMP on price and customer service?
(emphasis on customer service)
I am UK based and note I can fund via SEPA as opposed to wire

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  #15 (permalink)
 
bobwest's Avatar
 bobwest 
Western Florida
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neil View Post
For day trading Micro Futures, how do they compare with the likes of AMP on price and customer service?
(emphasis on customer service)
I am UK based and note I can fund via SEPA as opposed to wire

Interactive Brokers has high minimum account requirements. AMP has very low, plus low margins for day trading.

They are aimed at totally different segments of the market.

Just to make a point that always needs to be made, there is an extreme level of danger in trading futures with low margins. The danger is of losing your account in a breathlessly short period of time.

Trading micros can reduce the risk, but many low-margin brokers also have lower margins for micro trading, so the risk is still there.

So long as a trader knows what they are getting into, fine. But I would reflect on the fact that most traders fail fairly quickly, and that managing risk is often the reason. Then make decisions based on your own experience level and ability to manage trading risk, but be cautious about the low-balance, low-margin alternatives.

Bob.

When one door closes, another opens.
-- Cervantes, Don Quixote
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  #16 (permalink)
neil
Cambridge, UK
 
Posts: 23 since Jun 2012
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bobwest View Post
Interactive Brokers has high minimum account requirements. AMP has very low, plus low margins for day trading.

They are aimed at totally different segments of the market.

Just to make a point that always needs to be made, there is an extreme level of danger in trading futures with low margins. The danger is of losing your account in a breathlessly short period of time.

Trading micros can reduce the risk, but many low-margin brokers also have lower margins for micro trading, so the risk is still there.

So long as a trader knows what they are getting into, fine. But I would reflect on the fact that most traders fail fairly quickly, and that managing risk is often the reason. Then make decisions based on your own experience level and ability to manage trading risk, but be cautious about the low-balance, low-margin alternatives.

Bob.

Thanks Bob.
I most certainly will not use low margin levels provided by AMP. To use Micro's I would deposit at least £1000, maybe more. I am able to meet IB minimums but (1) I just cannot get comfortable with them ( my fault) (2) My iMac often shows 'cannot show page.' I still look at AMP and even Dorman trading that uses SEPA as does AMP. Dorling though, are quick to answer replies by mail or chat.

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