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e2t Gauntlet journal


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e2t Gauntlet journal

  #1 (permalink)
 rb55 
Manchester England
 
Experience: Intermediate
Platform: NT8, Tradingview, mt4/5
Trading: RTY, ES, YM, NQ, CL, DAX, FTSE, GC, NG
Posts: 49 since Oct 2016
Thanks Given: 8
Thanks Received: 33

Hi all,

Thought I would give earn2trade's gauntlet a shot and will journal it here.

I mainly scalp the US index futures as well as a bit of CL and GC.

Don't like their Finamark platform so routed it via Multicharts which I have not used before so quick learning curve.

Wanted to start Monday but had various tech/data problems so spent last 3 days trading the sim account so I could get used to MC platform etc.

Sim trading went well, turned the $25k into $27509.90 in 3 days but easy when there's no pressure right

The real work starts tomorrow.

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  #3 (permalink)
 rb55 
Manchester England
 
Experience: Intermediate
Platform: NT8, Tradingview, mt4/5
Trading: RTY, ES, YM, NQ, CL, DAX, FTSE, GC, NG
Posts: 49 since Oct 2016
Thanks Given: 8
Thanks Received: 33


Quick update. Ended up with a bad middle ear infection after the last post so delayed starting the Gauntlet.

Then had lots of tech issues with the Rithmic connection which are still ongoing. Took a while getting used to using MultiCharts as well as I struggle with change.

Starting it propery today

Made a couple of scalps on the ES and balance is now 25220. Market very volatile so playing defence.

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  #4 (permalink)
 
dyst's Avatar
 dyst 
Singapore
 
Experience: Intermediate
Platform: NinjaTrader, Sierra, MT4
Trading: ES, CL, NG, XAUUSD, USDJPY
Posts: 109 since May 2015
Thanks Given: 75
Thanks Received: 91


rb55 View Post
Quick update. Ended up with a bad middle ear infection after the last post so delayed starting the Gauntlet.

Then had lots of tech issues with the Rithmic connection which are still ongoing. Took a while getting used to using MultiCharts as well as I struggle with change.

Starting it propery today

Made a couple of scalps on the ES and balance is now 25220. Market very volatile so playing defence.

Good luck bro and yes the rest of us have faced rithmic issues too. When it happens it is wise to inform e2t so they can keep track and consider it in final offer.

Numbers work... Magic lies in the numbers
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  #5 (permalink)
 rb55 
Manchester England
 
Experience: Intermediate
Platform: NT8, Tradingview, mt4/5
Trading: RTY, ES, YM, NQ, CL, DAX, FTSE, GC, NG
Posts: 49 since Oct 2016
Thanks Given: 8
Thanks Received: 33


dyst View Post
Good luck bro and yes the rest of us have faced rithmic issues too. When it happens it is wise to inform e2t so they can keep track and consider it in final offer.

Thanks mate. This Rithmic issue is annoyingly random. I just keep getting pop up warnings from MultiCharts that the market data conection is broken, the DOM and charts freeze before the feed comes back after a few seconds. Last night I got 5 in one hour but this am I've only had one.

I've sent MC a bug report to see if there's anything they can do and will get in touch with E2 later.

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  #6 (permalink)
 
dyst's Avatar
 dyst 
Singapore
 
Experience: Intermediate
Platform: NinjaTrader, Sierra, MT4
Trading: ES, CL, NG, XAUUSD, USDJPY
Posts: 109 since May 2015
Thanks Given: 75
Thanks Received: 91

I've had the same problem on my sierrachart platform which you describe, and so did some others here (CanoeKoh or something) it costed me profits a few times since I was unable to flatten trade before it turned against me and hit my SL since the connection problem persisted for more than 30mins for me.

Imo e2t should be informed so Ryan knows the rithmic datafeed connection has issues especially if it happens frequently. I notice the only way to manage your trade when this problem happens, is to trade via the basic rtrader software. And sadly, Sierra told me they won't work with rithmic on connection problems so I am kinda stuck using finamark now lol.

Good luck buddy hope MC can fix those issues.



rb55 View Post
Thanks mate. This Rithmic issue is annoyingly random. I just keep getting pop up warnings from MultiCharts that the market data conection is broken, the DOM and charts freeze before the feed comes back after a few seconds. Last night I got 5 in one hour but this am I've only had one.

I've sent MC a bug report to see if there's anything they can do and will get in touch with E2 later.


Numbers work... Magic lies in the numbers
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  #7 (permalink)
 rb55 
Manchester England
 
Experience: Intermediate
Platform: NT8, Tradingview, mt4/5
Trading: RTY, ES, YM, NQ, CL, DAX, FTSE, GC, NG
Posts: 49 since Oct 2016
Thanks Given: 8
Thanks Received: 33

Had another day of connections issues.

Sent MC an error report and they replied just asking some generic questions like when they happen and causes etc but told them they are random so not much info I can help them with.

E2T said they didn't have any problems their end and said to use RTrader but I hate that software. It's taken me a couple of weeks in sim to get used to MC so don;t want to start using something else now as well.

Trading wise not the greatest day as my kids are still off school until tomorrow so only managed 3 trades on the NQ which were all counter-trade setups with 10-15 pip tgts. First one was a nice setup but there was no follow thru and the p/a stalled and reversed so jumped out for a small loss. Second one started to run so I stopped in at entry, came within 2 pips of tgt and reversed and stopped out, bummer, but it happens. Third one I banked the gain to recover the losses of the first and then hit connection issues again so called it a day and I was getting aggravated by it and don't trade well in that type of mindset.

In hindsight I should've followed the trend up but after the last few weeks volatile price action I thought it was worth trying the counter-trend setups as fancied we'd get at least one half decent pullback, but alas, it wasnt to be.

Day 2 balance $25250.

Kids back in school tomorrow so normal service resumes and hopefully some nice two-way price action as the chances of 2 trend days in a row are slim. If stocks continue higher then I will look for intraday short setups in GC. Also NG is catching my eye for a little oversold bounce.

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  #8 (permalink)
 
dyst's Avatar
 dyst 
Singapore
 
Experience: Intermediate
Platform: NinjaTrader, Sierra, MT4
Trading: ES, CL, NG, XAUUSD, USDJPY
Posts: 109 since May 2015
Thanks Given: 75
Thanks Received: 91

Yea e2t always tells us that I thought it was my ISP issues until I saw people here (from other countries) and in other forums complaining too. I did OneUP before in 2017 and there was rithmic server problem nobody could log in for 4 hours (server outage they said) lots of us broke the 'rules' that day though OneUP resetted everyone's balance so they wouldnt be DQ.

TST also had rithmic issues so I do think the problem is rithmic and not MC. The only people not affected seemed to be the T4 people back then, and that's because they were using a different datafeed. Sadly we have no other choice here but use rithmic for e2t but the team can help if you are using finamark (which is why I am trying to get used to it now)they've got a technician who will respond fast.

Rtrader has pretty limited functions and usually when you want to troubleshoot with platform vendor, you need to dive into your history and supply them with the log files or screenshots (done it). Btw well done on turning a profit despite the issues you face. I often end up in bad mindset and rage.



rb55 View Post
Had another day of connections issues.

Sent MC an error report and they replied just asking some generic questions like when they happen and causes etc but told them they are random so not much info I can help them with.

E2T said they didn't have any problems their end and said to use RTrader but I hate that software. It's taken me a couple of weeks in sim to get used to MC so don;t want to start using something else now as well.

Trading wise not the greatest day as my kids are still off school until tomorrow so only managed 3 trades on the NQ which were all counter-trade setups with 10-15 pip tgts. First one was a nice setup but there was no follow thru and the p/a stalled and reversed so jumped out for a small loss. Second one started to run so I stopped in at entry, came within 2 pips of tgt and reversed and stopped out, bummer, but it happens. Third one I banked the gain to recover the losses of the first and then hit connection issues again so called it a day and I was getting aggravated by it and don't trade well in that type of mindset.

In hindsight I should've followed the trend up but after the last few weeks volatile price action I thought it was worth trying the counter-trend setups as fancied we'd get at least one half decent pullback, but alas, it wasnt to be.

Day 2 balance $25250.

Kids back in school tomorrow so normal service resumes and hopefully some nice two-way price action as the chances of 2 trend days in a row are slim. If stocks continue higher then I will look for intraday short setups in GC. Also NG is catching my eye for a little oversold bounce.


Numbers work... Magic lies in the numbers
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  #9 (permalink)
 rb55 
Manchester England
 
Experience: Intermediate
Platform: NT8, Tradingview, mt4/5
Trading: RTY, ES, YM, NQ, CL, DAX, FTSE, GC, NG
Posts: 49 since Oct 2016
Thanks Given: 8
Thanks Received: 33

Day 3

Another day of drop outs which totally pee'd me off to the point where I felt like jacking it in.

When to take a GC short and lost the connection. And whilst the alert from MC says it's reconnected the chart takes anywhere between 10-20 secs to catch up which is infuriating. So I lost that trade and ended up trading my own acc for a while.

Then just as the US mkts opened it dropped out again

MC got back to me and said this:

This message is not generated by MultiCharts. It is sent by Rithmic API when it loses connection to their server. The possible reasons are poor Internet connection or Rithmic server-side issues. Unfortunately, we don’t have this information in our logs, please contact your broker directly so that they look for possible issues at that time on their end.

In case you have any questions-feel free to ask our support team.



I'm on fiber optic so its not poor connection issues!

Yes I can use the RTrader to place orders but the MC charts and DOM stalls so RT only really of use to exit trades. And the fact that you know it can do this at any time plays on your mind somewhat.

Took 4 scalp setups of the ES with the idea to try and let them run but the ones that went initially into profit came back at stopped me out and the one I banked early to recover the losses went on and ran for 14 handles

Finished the day with a small profit but majority of the day I traded my own acc due to these drop outs.

Really not sure if I am going to continue, seems crazy to trade an account that switches itself on and off. In fact it's a bit of a joke.

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  #10 (permalink)
 rb55 
Manchester England
 
Experience: Intermediate
Platform: NT8, Tradingview, mt4/5
Trading: RTY, ES, YM, NQ, CL, DAX, FTSE, GC, NG
Posts: 49 since Oct 2016
Thanks Given: 8
Thanks Received: 33


Day 4

I gave up the ghost yesterday after another round of frustrating connections issues and just let the account blow up as I am going to request a refund.

I came into the morning thinking that if it started playing up again I would call it a day with the Gauntlet but all morning the connection was fine, not one problem, go figure.

So started trading the ES but it then spent 3 hours in the tightest of ranges prior to the ECB. I tried to catch the breakout/down from the range but each time it failed to follow thru so ended up 5 handles offside in the chop.

Over the ECB I bought the GBP which had spiked up initially, it then faded and took my stop to the pip before reversing and rallying higher. Stop a pip too tight and another loss. Traded a nice pattern in CL (long) but again it failed to follow thru and the same happened in GC as it broke a bear flag but had no continuation. Two more losses. By this time the NQ and ES were looking lively again and shorts in both recovered virtually all losses on the day.

So after a rough start and being -$800 down I had recovered to just -$50 and had open 1 lot short NQ with a limit buy to close just under 7200. I often do this as it can quickly spike down thru the big round numbers before recovering. But I also and quite ofen close the trade with a market order if the price action justifys it and sometimes I will just reverse the trade if it's at a level.

So the price moves lower and I'm showing profits for the day. At 15:30 UK time the NQ was heading towards 7200 and I was getting ready to cover my short. At 15:32 the NQ made its low at 7204 and I went to close it as the volumes increased and buyers were stepping in and a long here looked a good bet.

Then it happened. I finally get caught in an open trade when the connection breaks

As previously posted it normally reconnects right away but then you get a 10-20 sec delay as charts reload but this one last over 90 seconds to reconnect and then took another minute or so to reload the charts and quotes.




By the time it came back online the NQ had popped and I'm in a loss

Totally pee'd me off but I carried on and added another position looking for a possible retest of the lows and as price started to come back down a little later I was hit with another load of dropouts at the time I was looking to cover.




By this time I'd totally had enough and decided to cancel it all so switched off and went out as I simply can't trade like this.

There are companies out there fighting eath other to provide the fastest platforms and the best experience with lightening quick executions which is what futures trading is all about so trying to navigate all this with constant connection dropouts and then being advised to jump to other platforms when it happens is hard to take, fine its its the odd one or two a week etc but a steady stream each day makes it impossible.

So, overall not a great experience and a waste of money.

edit: Had a reply from E2T whilst typing this and they said they have other people who use MultiCharts with no problems and won't issue a refund. The problem must be mine as they have no issues at their end.

So I feel like I paid for a service that couldn't provide me with what they advertised and it's just tough luck that it won't work properly.

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Last Updated on June 7, 2019


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