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Is TT Fix Adapter Data the best for Cumulative Delta Charting
Ive been reading about some users desire to run 2 instances in SC, one to chart (iq) and one for trade execution (tt). I am wondering why the TT data alone doesnt appear to be ggod enough for cumulative delta charting. This is one of the main reasons I am looking at SC. Am I wasting my time by not automatically trying to run two instances and the iq data feed for my cumulative delta charts? Will TT fix through my broker be good enough (or the best I can get) or should I be looking at rithmic or iq feed in a second instance right from the get go?
Good enough is subjective. Do you require perfectly accurate data? If yes, you likely will want IQfeed. If a few errant ticks here and there mean nothing to you, and you don't need any of the other benefits of IQfeed, then you can stay with TT feed.
An in-depth comparison is here, 40 pages long thread:
I wil try here to do an analysis and comparation on different data feeds and platforms to perfom studies involving bid/ask data, like comulative bid/ask difference or delta bars and footprint like.
Hey Soulee, I am currently using Sierra Charts with the Trading Technologies (TT) data, and as Big Mike has stated, for my style of trading the combination works perfectly. For me, discipline and careful money management are probably more important than the most robust data provider. I hope other more experienced traders might join this discussion and point out what I may have overlooked in these comments.
Thank you Big Mike and Donzi for your informative replies!
I'm sure you both of you remember the days of getting started and wondering if I am selling myself short in some aspect, as in this particular case with the data. Like so many other parts of trading, its a psychological issue i'm trying to overcome and without the experience, I just am not sure if I am missing something that might help? In this particular case, its tough knowing that there is something more accurate out there that I am not using and trying to determine and what (if any) disadvantage I set myself up for by not taking advantage of all that I can. Especially with something as important as the data.
Sounds like I am probably starting to overthink this data issue and probably should just get back to trying to make (discipline and management) money.
If you are getting backfill from Sierra, then for 9 out of 10 users on futures.io (formerly BMT), TT is fine. For the rest, they have clear reasons for needing IQfeed - like multiple charting platforms or extensive backfill, or 100% perfect data.
The test i done on TT fix adapter on the thread posted by mike is hold and was done with trial data, now some user said that they have compared TT fix with rithmic or IQfeed and that the result is the same. Anyway I haven't see anyone posted some chart about.
TT data is going to be fine and we also are reviewing the sequence of market data processing to ensure that we properly identify a trade at either the bid or the ask. We have to examine it more closely and the difficulty just has to do with how TT provides market depth. We expect the review to be completed in about a week and any changes required, if any, will be made.
I was always wondering, why TT feed compared to Rythmic showed such a high percentage of inside trades. Imho watching TT T&S sometimes is totally misleading and not usable for cumdelta work.
