Amsterdam, The Netherlands
Market Wizard
Experience: Intermediate
Platform: NinjaTrader / IB /Rithmic
Broker: EdgeClear / InteractiveBrokers / Rithmic
Trading: DAX / (M)NQ / (M)ES
Frequency: Daily
Duration: Hours
Posts: 630 since Jul 2019
Thanks Given: 2,821
Thanks Received: 785
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Recently I became a member of Convergent Trading. FuturesTrader71’s webinars have inspired me to explore his trading ideas. His tools look great, but of course come with a cost. As I have a lifetime NT8 license, I’m trying to setup similar charts in NT. I’m also considering to switch to Investor/RT, but would first like to see that I can have success trading based FT71’s trading ideas. I’m currently only trading the DAX (FDXM), but will soon start MES as well (or maybe ‘park’ DAX while I’m training myself).
I tried to setup a Renko chart, but without success (no bars on chart). I’m pretty sure the data is the cause. For Renko I need tick data, correct? I’m currently connected to data from GFIS/Interactive Brokers (Eurex Core EUR 13 p/m & Europe Equity and Derivative Display Value Bundle EUR 12,50 p/m, and some others for US). Besides Renko, I guess to get charts similar to FT71’s, I would need certain in-depth data.
I would like to understand how it works with data. There is historical data (historical prices) and real-time data (current price). For these both I guess I can use different providers. But when becomes real-time data historical data? Is that right after each tick? I assume that buying historical data is not just 1 tick old, but for instance from yesterday (and older).
NT8 support suggests that I should use Kinetick, but that is quite costly (starts at 65 USD p/m). Are there cheaper options available from other providers? I’m not looking for the cheapest option, but just would like to know my options.
And if I would take the Kinetick data, can IB run on the Kinetick data as well (so I can cancel the GFIS data subscriptions I have with IB)? Because I would like to be able to trade using the IB app when I’m not at my screens (NT8 doesn’t have an app).
I hope you can help me out. Thanks a lot
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