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[/b] Yeah have to agree there. I take the quotes from IB and pump them into a few of custom apps, one of which is a charting package. It works well as a backup chart source. [/b] The only order that I'm aware that IB holds on its server is the stop order, so that must be what tymjr is...

This makes no sense to me. All quotes are history. Are you saying there is no value in using price quotes in trading? Why use anything at all? Why not use IB's quotes for trading in addition to whatever additional quote provider and charting / analysis package a trader might have? It is one...

Yeah I wish the Market Depth window updated every second. It is more like every 10 seconds or whenever the bid/ask changes whichever comes first.

Could you clarify what the above means? Thanks, TriPack I'm not saying that the IB feed isn't realtime. It is. But IB doesn't transmit all exchange data (like Time and Sales). Some people have complained about this. I'm not one of them. IB transmits data every second. I find one second...

To clarify: IB transmits its quotes every 1 second. Exchanges transmit all data but IB only transmits a 1 second snapshot. Just see for yourself tomorrow when the market opens.

Just as there is a rythmn in the markets there is a regular 1 SECOND heartbeat during normal market hours as the EMini fluctuates to and fro. In practical terms you can visually tell if you have a problem, usually well before IB sends out its red flashing notices if the 1 second rythmn is...

Just to give you a benchmark, I was talking to one of the financial managers of General Mills (Gen Mills could be termed a "commercial" in the grain market) grain trading operation a few years back and he said they made about a nickel net per contract traded. Of course this is an apples to...

The quotes don't "suck" they are just 1 second snapshots. The quotes are right on with the market almost always, but because the quotes are snapshots sometimes you miss a tick here or there or a bid/ask move when it happens fast. But any trader should have an alternative data source so you can...

The cost of GLOBEX (CME electronic) is $10 per month for real time quotes. IB charges its customers that amount, or waives the charge if you have more than $30 (from memory) in commission per month.

In red on a card in front of my monitor are the rules: No Immediate Reversals (especially after a loss) No Adding to a Loser. Just exit the Loser then look for a good entry.

Like I mentioned not reversing is a rule I have to keep me out of trouble. I have to put myself on the treadmill for 30 minutes if I start doing stuff like that. I have found that when I start reversing I tend to turn one loss into 2, 3 or even 4. I find the desire for me to reverse is strongest...

[/b] That is good to know because it helps me understand the basic issues I am facing (optimization of the "flip" variable) and also to know where the problem lies. My first attempt at creating a mirror opposite of the results on a 24 pt loss day turned out to be a 17 pt loss day. So I can...

I think it has been said that the only stock reccommendation that may be of any value is one from a disinterested third party (meaning one that isn't trying to unload several million shares from the last offering or some such related entity.) Even then the they could be wrong :) so doing your...

Or to put it another way, perhaps the unholy grail is creating a consistently unprofitable system, but the holy grail is fading it. bwahaha! :D

There is always the danger of continually switching to the next best thing. This also has some relation to the everlasting search for the holy grail that some go through though it often seems innocent enough. Now don't get me wrong, we must always be learning. This dosn't mean that we...

There is a way but it requires a bit of programming (just a bit). When your program makes the ActiveX request, its thread is blocked until the dialog box is pressed. The answer is to have your program start up another program or another thread that has one function: either send a mouse click or...

Someone's tag line is "spinners are winners" which the poster explained means flipping or reversing. So I guess the question is if you are long 1 can you then sell 2 to go short net 1 with IB? There is no problem doing this for Globex. Stock traders may have a difficulty reversing when going...

I like the basic idea of the thread (and thanks to tntneo for moving it over to a new thread) and while I perceive its intent is to persuade us to analyze our basic trading techniques so that we may make fundamental changes where necessary (which is a good thing) I wanted to focus more on...

Whew! Someone on this thread has a superiority complex.

That's easy for you to say.