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I'm using TT since version 6 starting in 2004. I'm trading with TT on Eurex, CME and CBOT. Please be aware that most of the offered plugin's are working correctly with version 7.6.2.2 only. After this version, they start to call it 7.7., most of the plugin's have some problems with changed API and so on.
Further please be aware that, depending on the exchange, using OCO with- and without the plugin's accures problems with the orders if you shutdown TT. The OCO orders are not placed at the exchange or TT -Order-Network. They are just placed in the TT on your running desktop. Therefore, if you shutdown TT your OCO's will be deleted (depending on which exchange you are trading).
I can't recommend to use the TT-Fix-Adapter in connection with Multicharts for now. As a data feed it depends on how your broker delivers the data. Most of the TT-Brokers are delivering the data compressed. So it could be, using tick charts, you are not able to get right data. It's not an issue from TT, it's your broker. Further, if you study the Multicharts-Forum there are several issues with automatic trading for now.
If you need any help with TT pls take a look in the TT-forum under ..... or contact me. I'm not able to post the correct link because I've no more then 5 posts. In the forum are many threats about everything you should know about TT. Further there are some threats how to speed up TT and so on.
I don't see what the big deal is with having a separate platforms.... I actually think its better because you have 2 separate data feeds(redundancy), and also, if your charting package crashes, your trading platform won't.... There's more positives than negatives.
Most pro's go as far as having a separate computer just for their trading platform.
Michael ... I don't see a big deal with having two different platforms. I'm working with TT since 2004 for trading. I'm working with TS and Multicharts for technical research on a different machine and different line. So I think having two different platforms running is a big advantage.
Also, yes Michael.H, I agree redundancy is King and there are many more positives.
I guess I like to hear all the nuts and bolts of a users configuration(s) or combinations, either with platforms, brokers, hardware, or even networks, so its all good.
I've been doing it already for months with MultiCharts + NT DOM. MultiCharts will get its DOM and chart trading soon enough, but it still doesn't mean I have to use it or will want to. X-Trader is a proven platform for execution, and is at "version 7" whereas MultiCharts DOM will essentially be "version 1". So, bearing all that in mind I decided to look at X-Trader. Since I am not paying any premium for it, I can easily discontinue it at some point in future when MultiCharts gives me 100% of what I need.
Can you elaborate more on the 7.7 changes and why this would be the case?
Thanks for the heads up. For me personally, I intend to use IQFeed data still in MultiCharts. But, one day when MC has a DOM I will need TT for execution.
Mike .... A long time ago I worked on the quality of TT data. I complained many times about the bad quality of data and talked a lot of times with the guys in Chicago and London. All in all and after weeks of working on it, we've found out that the issue with the quality of the data was an issue from the broker side only. Tick-by-tick data were wrong, T&S data were wrong, the volume by price data were wrong (are most of the time still wrong, specially in fast markets) and the volume profile were updated incorrect. Please don't trust tooooooo much the EPIQ. Most of the time it's right, but if you start to see that like 10 contracts are infront of you at a limit, 30 contracts are bid after your time stamp and then 20 contracts are trading at this level and you are still not filled, then you will know what I mean. I saw that many times in 2 years now after they implemented this feature. I'm a GNI customer and I'm trading most of the time on the EUREX. GNI is implementing the EBS algofeed for their customers and they are promising that you will see unfiltered real tick-by-tick data. So it should be very useful in quality and speed as a datafeed in MC for charting and execution.
So what I want to say : Ask your broker on which TT-server they put you. Data quality wise and performance wise (!!!!!!!). Very important.
Some traders, like we have, have their own server setup in the broker server-farm. If you are in a retailer-server-setup it can be that you will see hangings in the "book" updates and T&S. Then may you see a faster chart in MC then the updates from price and book in TT.
Mike, do have access to the "Customer Portal" on the TT site ? If yes then pls download some addons and install them together with TT 7.7. Then you will see that some addons are not working correctly with TT 7.7. There are no very important advantages of version 7.7 compared to 7.6.2 and further. So pls download 7.6.2 (may on a different workstation) and work with the OCO trader and so on .... You will see what I mean.
Another important point. Automatic trading between MC and TT is possible without the FIX adapter. But with TT Pro only. TT Pro has an "Autotrader" feature. This feature can be setup via Excel in connection to the API or RTD. So you can write something in VBA Excel and trade from MC in TT. Like :
If condition 1 then Buy ..... (set Excel Cell like "1" with price and so on and translate it in VBA as a buy in TT)
If you contact your broker they will make you an appointment with some TT-developers which will help you with this. I made this several times. So if your broker is not so helpfull pls don't hesitate to contact me and I will try to call some good guys there, which will be able to help you.
Ok, should be enough for today. Sorry for my bad English ;o). If something is not clear pls reply to this or contact me via email or PM.
Can you provide more details on the TT server, specifically what I should ask my broker and what an acceptable answer is vs. a bad answer, and why? In terms of your experience with the quality of data, etc. I imagined they had a direct TT feed, I did not envision any more hierarchy than that.
re: EPIQ - another way of utilising this is to notice when you get a fill and the EPIQ says you are still miles down the book (assuming the matching algo is FIFO)... you get people making inside prices in size and re-loading, sometimes they will be working one leg of a spread, other times its just a spoof.
re: TT-pro... you know somewhere floating around on the internet is a guide as to how to upgrade from X_Trader to X_Trader PRO without the hefty fees - it's mostly playing about in the registry. I have never done it, though!
TT is a world-class execution platform, however like many mentioned here there might be issues at the FCM and how they house their TT servers. My shop pays our brokers extra $$ for dedicated TT-servers that way we are guaranteed faster fills and no issues. Because of this change, we no longer have any data related issues. Even on flash-crash day we were able to "keep" up with the market.
Like others mentioned also, I think for the smaller trader, TT may be cost-prohibitive, but if you have something worked out with your broker -- good for you!
I just spoke to TT yesterday and evidently they released a new version (7.8) on 8/4. It's supposed to fix some major issues regarding the TT workspace. During a hectic day of trading a few weeks back, our local TT server lost all ability to view certain markets (and hence place any orders). This, I've been told, was a bug that has been fixed with 7.8.
From the execution perspective, I'd have to say that they are very, very good.
