AMP-MetaTrader 5 as IB alternative for automated intraday futures trading

AMP_Global said:
And to get back on topic....

Yes, if you are running MT5 - you can easily setup a native VPS:
https://www.ampfutures.com/metatrader/trading-platform/vps/

From a technology, co-location server, hardware perspective: AMP's MT5 servers are in the exact same Chicago data center with a Direct Connect (a dedicated, private connection) straight to the CQG Data & Order routing engine.
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If it means anything, I think AMP could core a apple faster than NinjaMobile.

One of these days I will get the answer to that question about AMP coring a apple. But not today.
 
AMP_Global said:
It does not matter what co-located servers or hardware you have....if Order Routing goes offline for any data-feed, CQG, Rithmic or TT....you will still need to contact the Trade Desk to get assistance with any Open Positions/Orders.
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What kind of functionality do you provide (in MT5 or otherwise) for automatically detecting order routing going offline? Or is it up to me to implement this functionality to the trading logic, viz. https://www.mql5.com/en/docs/integration/python_metatrader5/mt5ordersend_py

Yes, this happens, but it would be good to be have a pre-warning sent to my mobile instead of waiting until actual trading actions are required.
 
Yes, if you can implement this to your own trading logic...great!
Because, you may be affected....but others are not (not a complete outage) - but you personally want to know if your trading could be affected.

If there is an overall outage by CQG, Rithmic or TT (affecting all customers) - we send out notices to all clients.
 
Millionaire said:
I cant comment on Meta trader.

I use AMP and Rithmic for automated futures trading. They are very good, but i think IB is slightly better.
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Millionaire

I need to migrate my metatrader algorithm to Rithmic because of latency. But my knowledge of C++ is rudimentary. Do you know a company or developer to recommend? Thank you !!!
 
don't use MT5's native SL/TP feature. they are held on the platform. modify your program to use limit & stop orders held on the exchange. You will have minor issues from time to time where MT5 will lag the market by a second or two, but this is quite rare and hasn't happened in a long time. (about a year by now).

MT5 is incredibly fast and stable. CQG's feed in my experience is better than Rithmic's. Rithmic will on occasion prevent you from cancelling orders and will also yell at you for cancelling too often in a 30-second period. it's absurd. CQG during high vol (Fed etc) can be wonky, so just avoid those times if you don't already.

overall MT5 is a very good platform that probably gets overlooked due to the association with its OTC market offerings. understandable, but exchange trading through it is excellent. the platform has nuances but is rewarding and incredibly diverse if you know how to work with the language. look into Canvas for further info if you require custom chart types, etc.
 
lucysparabola said:
don't use MT5's native SL/TP feature. they are held on the platform. modify your program to use limit & stop orders held on the exchange.
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To issue, say, a buy limit order, I use :

m_trade.OrderOpen(Symbol(),ORDER_TYPE_BUY_LIMIT, no_contracts, 0, price,stop ,0)

where m_trade is an object of class CTrade. Note that I include the stop value but not the target. Once the position is opened, I immediately issue a sell limit order (the target price). This of course involves some additional housekeeping to cancel one order if another is opened.

This way I know my TP is held on the exchange. If, however, the stop above is held locally, what order method do you suggest?
 
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