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Interesting article regarding using the latest Python TWS API - https://scalptrader.com/getting-started-with-the-interactive-brokers-api-part-1/

Can anyone tell me how to roll an expiring futures contact into the next month? I have a position i'd like to keep on an expiring contract. I could close my position and take out the same position in the next contract month manually but i'm thinking there must be a better way? My broker is...

Do you use the previous days high/low from the regular pit session or do you include the Globex high/low?

Good way to promote this website. Hope you get a few more clicks.

Totally agree. The IQFeed API is a piece of crap. So much code is required just to stream some quotes. Their API is better than the terrible DTN customer support though! I recently started using BarChart data and there is far less jumping through hoops to get something simple done. It really is...

Nanex is even more expensive that IQFeed. Also if you want access to the IQFeed API you will have to pay the ~$400/year developer fee in addition to the market data fees which will run you at least $120/month for something basic like the CME E-Mini package. So to answer your original question...

I like this library. Not open source but very reasonably priced and works out of the box - http://www.advsofteng.com/cdnet.html

If i code up a strategy in C# do i get access to tick by tick bid ask data? Is the software event driven? How about playback modes? Can i play back a data tick by tick as if it were coming in live?

Learning to determine the current market environment is vital. I would not say it's easy though. Even if one does manage to determine the current trend properly then one still requires the ability to remove emotions from trading which can be very hard for most.

Assuming that my lines are drawn correctly it seems as if we're in the middle of the channel. What's the best policy in such a situation...to sit on hands and wait for price to move to the upper or lower channel lines?

So if one passes the combine and gets funded to go live, how much capital do they assign to you? Is it the same starting balance as the combine you passed?

Thanks DB for posting this document and all the effort you put into educating.

Ok so here's another chart from this evening. I find it helpful to draw the trend line that occurs within the larger channel also. It seems as if sellers are testing that trend line (the orange line) and the next obvious place where buyers may step in would be at the lower blue line around 1836...

Thanks for the chart Redneck. The lines you have drawn look obvious to me now but i think it'll take me a while before i see it as clearly as you. When you draw the 2nd channel do you still follow the first or would you remove those lines?

Yes used to follow LBR years back.

Yes i have been on and off this forum for quite a few years! I have looked at a lot of charts over those years. Often those charts have had many different indicators on them like MACD, CCI, MAs etc but not trend lines, so i really have not worked at drawing correct trend lines until recently...

I looked back at the chart i posted and wonder why i had not started the upper parallel trend line on the first swing high as you mentioned. I guess the price action seemed to fit in between that channel better but i understand that it should have started between the first two swing lows.

I'm trying to figure out how to correctly draw trend lines. I think i'm drawing them correctly but would love a second opinion.

I ended up going with iQFeed I liked that they are up front about pricing. They have a good API and although the software is only for Windows it can be used with Wine to work on a Linux server if needed. For both Rithmic & Nanex getting pricing information is like getting blood out of a...

Paper trade in real time for a while to test out your idea.