Algorithmic Trading for Only $1 Per Trade

Here is the rub. The offer contains a free subscription to Quantconnect Prime. That's the service for brokerage connectivity.

When you set it up, Prime will be on mark down at $14 per mo. for the first 35 customers and requires a credit card for setup. I emailed Quant connect to make sure I get the free $20 Quant Connect Prime hookup that was on the original offer. I have offer details saved to file with screenshots.

Additionally, there are three server configurations (think speedy) basic, pro, expert. pro and expert are forthcoming and basic seems free. Is it implied that basic is part of the Prime sub? Is this something that could be billable at some point? I'm joe shmoe algorithmic trader. I'm trading from this here open range internet. I don't need no hostin'.

I hope Tradier gives these guys a call if they see this post.
 
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Got a quick response from Mr. Broad himself this early this evening. He will set the sub costs to zero. Tradier actually pays the sub as soon as the account is funded.

Seems like a smooth process overall after that was clarified. No silly account confirmations to setup ACH links on the Tradier side which is equally smooth.

A+
 
lol, there are always new snake oil salesmen out there trying to pull the wool over newbies' faces. Always, just never ending.

hfts_james said:
$1 Per Trade, It’s a Quant Revolution
May 27, 2015 / Jared Broad / 0 Comments
We’re proud to announce live trading with Tradier Brokerage is now public!

In a special offer to QuantConnect users, Tradier Brokerage is offering a limited release of 100 accounts with a flat fee of $1 per trade* with the promo code Quant1. Fees this low on a retail-accessible platform are unparalleled.

https://www.quantconnect.com/blog/1-dollar-per-trade-tradier/
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I know you have expertise in this area.

Can you please list the platform's limitations? List the challenges faced when trading via this venue?

Take your time. I'm off to bed. We need some meat for discussion tomorrow.

Thanks.
 
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If you can route directly to the exchanges without using their smart router, there might be an advantage here. If they pass on the rebate there is also a possible advantage.
 
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you can guess that this is an impossibility. Of course they receive payment for order flow. No way you can direct your order to specific exchanges at such cost.

Gambit said:
If you can route directly to the exchanges without using their smart router, there might be an advantage here. If they pass on the rebate there is also a possible advantage.
More...
 
A very brief review of the docs indicate they have only Minute, Second, and Tick resolution of the data stream. If you want tick bars, you must construct them yourself.....the same if you want 5 minute bars.
 
Gambit said:
If you can route directly to the exchanges without using their smart router, there might be an advantage here. If they pass on the rebate there is also a possible advantage.
More...
It is my understanding that the SEC has dictated that no orders placed with retail brokers can go directly to exchanges after being logged on the broker's server. All must be screened by the broker before transmission to the exchange. This screening process can be fast however. Am I wrong about this? It also seems to me that Volpunter is correct. They must be taking payment for order flow!
 
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Actually, the order flow is divided between Knight and Citadel. Talk about shark tank.

Can't this be mitigated by trading a higher time frame? You definitely don't want to play order book games with these guys. There is still a lot of room for other strategies that may involve carry, momentum and reversion at higher time frames. Additionally, this implementation allows for Quandle and other data sources. I have yet to see somebody incorporate Social Sentiment on the desktop based NinjaTrader.

I think there is an issue with techies and college kids who try to apply their domain knowledge in an arena that they are ill equipped to handle. The actual expertise required to play within the 1 min bar will not be found in the Amazon best seller list.

I guess we are all eager to see Tom Cruise in a new HFT movie.
 
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