NexusFi: Find Your Edge


Home Menu

 





Webinar: Live Day Trading the E-MICROS w/Ilan @ Cannon Trading


Discussion in Traders Hideout

Updated
      Top Posters
    1. looks_one Big Mike with 3 posts (10 thanks)
    2. looks_two CannonTrading with 3 posts (6 thanks)
    3. looks_3 SMCJB with 2 posts (4 thanks)
    4. looks_4 TrendTrader5 with 1 posts (2 thanks)
      Best Posters
    1. looks_one ocpb with 6 thanks per post
    2. looks_two Big Mike with 3.3 thanks per post
    3. looks_3 CannonTrading with 2 thanks per post
    4. looks_4 SMCJB with 2 thanks per post
    1. trending_up 4,213 views
    2. thumb_up 36 thanks given
    3. group 8 followers
    1. forum 15 posts
    2. attach_file 0 attachments




 
Search this Thread

Webinar: Live Day Trading the E-MICROS w/Ilan @ Cannon Trading

  #11 (permalink)
 
SMCJB's Avatar
 SMCJB 
Houston TX
Legendary Market Wizard
 
Experience: Advanced
Platform: TT and Stellar
Broker: Advantage Futures
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,041 since Dec 2013
Thanks Given: 4,375
Thanks Received: 10,192


AlphaSquared View Post
Got to this 'webinar' late. Left after 15 minutes when he once again left the charts and went back to the Cannon site to AGAIN point out something else they sell. 3 times in 15 minutes. I understand these things are put on by people with a product to promote but damn if I'm gonna sit through a thinly veiled 90 minute sales presentation.

I think that's a little harsh. He might have gone to the website 5 or 6 times in the whole presentation, 2 of which were in response to questions and a 3rd was to talk about isystems. While everybody hopes that they learn something valuable from a webinar like this, you have to acknowledge that the motivation for the presenter is obviously brand promotion.

This isn't my style of trading, but I decided to watch, given that it was live, and not revisionist history like so many others. Hence I was disappointed when Ilan acknowledged it was just sim! While I wasn't a huge fan of the 'live trading' I did think that during the commentary Ilan made several very good points that newer traders would be good to pay attention to.

One take away I did have is that Sierra Chart looks terribly slow. What happened with the failed CL chart 2 or 3 times in a row? Was that Sierra Chart, Data Issues, or User Error? That would be extremely concerning for me!

Finally are there really HFT that use IBs?

Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
NexusFi Journal Challenge - April 2024
Feedback and Announcements
Better Renko Gaps
The Elite Circle
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
Futures True Range Report
The Elite Circle
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
59 thanks
Funded Trader platforms
38 thanks
NexusFi site changelog and issues/problem reporting
25 thanks
GFIs1 1 DAX trade per day journal
19 thanks
The Program
18 thanks
  #12 (permalink)
 TrendTrader5 
Atlanta,Georgia
 
Experience: Advanced
Platform: Infinity AT-Sierra Charts
Broker: Infinity Futures
Trading: ES
Posts: 2 since May 2010
Thanks Given: 0
Thanks Received: 3

Sierra Charts is very responsive and fast charting application. Don't know what his connection was nor computer specs. Sierra takes little computer resources.

I run multiple chartbooks with futures and short term charts with each symbol. CPU Usage shows less than 20% most of the time

BTW, Sierra is converting fully from a 32-bit to a 64-bit Application very soon, could be next few weeks.

Reply With Quote
Thanked by:
  #13 (permalink)
 ocpb 
Hartford CT, USA
 
Experience: Beginner
Platform: None
Trading: ES
Posts: 126 since Jan 2015
Thanks Given: 152
Thanks Received: 125



SMCJB View Post
One take away I did have is that Sierra Chart looks terribly slow. What happened with the failed CL chart 2 or 3 times in a row? Was that Sierra Chart, Data Issues, or User Error? That would be extremely concerning for me!

What I see happening was... Ilan was loading in a continuous contract of CL and the settings for the chart defaulted to 4380 days, about 15 years worth. The data then starts downloading from the Sierra historical data web service.

In the squished-down log window, you can see the platform opens a TCP connection for every month in the range of years, starting at the oldest contract month in the range. For each month it downloads the daily data for the entire contract month, then shuts down the TCP connection, rinse and repeat for 15 years (ok not literally!)

Then a second attempt was made to load a chart, this time it was starting with a ES "intraday chart" in Sierra-speak, and modifying the symbol within the settings to a CL continuous contract -- but this time it defaulted to display 30 days of daily bars. This was generated a download request for the last two months of CL, in order to be sewn together by the platform into continuous. This request was queued behind the previous 15 years download, which had not yet finished.

It's nice to have that many years of data available from Sierra, of course. To me it is understandable with a platform that is so eminently configurable, live or not, this kind of delay could happen.

I have to say I thought that Ilan kept his presentation moving along very well, despite this issue.

Reply With Quote
  #14 (permalink)
 
SMCJB's Avatar
 SMCJB 
Houston TX
Legendary Market Wizard
 
Experience: Advanced
Platform: TT and Stellar
Broker: Advantage Futures
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,041 since Dec 2013
Thanks Given: 4,375
Thanks Received: 10,192

Excellent explanation @ocpb. Thank You

Reply With Quote
Thanked by:
  #15 (permalink)
 
bobwest's Avatar
 bobwest 
Western Florida
Site Moderator
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
Frequency: Several times daily
Duration: Minutes
Posts: 8,162 since Jan 2013
Thanks Given: 57,341
Thanks Received: 26,267


SMCJB View Post
One take away I did have is that Sierra Chart looks terribly slow. What happened with the failed CL chart 2 or 3 times in a row? Was that Sierra Chart, Data Issues, or User Error? That would be extremely concerning for me!

I haven't viewed the video yet, so probably I shouldn't comment here, but I will say that Sierra Chart has always been very slow in loading data into new charts. I have no idea why, and it is the one thing about SC that I have the most problem with. This is only something that happens in the morning, when I fire it up.

However, once a chart it loaded up, Sierra Chart is amazingly fast, no matter how many charts, windows or background tasks (indicators) it may be running. It simply shrugs them off.

So I live with the slow chart-loading times. Once the chart it up, there's no issue.

Bob.

Reply With Quote
Thanked by:
  #16 (permalink)
 
CannonTrading's Avatar
 CannonTrading   is a Vendor
 
Posts: 216 since Mar 2013
Thanks Given: 77
Thanks Received: 183


SMCJB View Post
I think that's a little harsh. He might have gone to the website 5 or 6 times in the whole presentation, 2 of which were in response to questions and a 3rd was to talk about isystems. While everybody hopes that they learn something valuable from a webinar like this, you have to acknowledge that the motivation for the presenter is obviously brand promotion.

This isn't my style of trading, but I decided to watch, given that it was live, and not revisionist history like so many others. Hence I was disappointed when Ilan acknowledged it was just sim! While I wasn't a huge fan of the 'live trading' I did think that during the commentary Ilan made several very good points that newer traders would be good to pay attention to.

One take away I did have is that Sierra Chart looks terribly slow. What happened with the failed CL chart 2 or 3 times in a row? Was that Sierra Chart, Data Issues, or User Error? That would be extremely concerning for me!

Finally are there really HFT that use IBs?

Thank you @SMCJB for the comments.

To answer re the sierra chart, it was my fault as I have sierra working with multiple data feeds ( GAIN, transact, CQG, Rithmic) and I was using the wrong symbol in the case of crude oil. I personally think sierra is great and very fast.

Also keep in mind my PC had CQG, sierra along with the gotowebinar running....

in regards to HFT, yes as an IIB we can actually negotiate better rates for certain HFT clients because of our overall cumulative volume we do as a firm and that allows us to compete for that business as well. and actually choose from a few diff. options.

Good trading and thanks again for the objective comments!

PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. Trading commodity futures, forex and options involves substantial risk of loss. The recommendations contained in this post are of opinion only and do not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not necessarily indicative of future results.
Follow me on Twitter Reply With Quote
Thanked by:




Last Updated on June 3, 2019


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts