Best real-time charts for scalping.

Quote from FuturesTrader71:

You have plenty of options. Unless you plan on placing your scalping orders right from the charting interface, then you can save a lot of money by going with a "low-powered" solution like Ensign with IQFeed. Generally, if you are only scalping, you are just looking for the overall pattern created in those timeframes by the market, so you don't need up to the millisecond updates.

CQG is a professional package and is pretty expensive. The order interface is pretty good, apparently (I only use it for charting; not for order entry), but others have praised their HeadsUp order system. You are looking at spending at least $500 a month or so just for that.

I think Ensign with IQFeed with a basic setup is around $90 per month or so. Whichever program you use will seem clunky and difficult at first, so give it time.

Take care.
More...

"so you don't need up to the millisecond updates"

Many many scalpers are using Fast Cash data feed tools (bloomberg includes one in their $1700+ subscription service for both the dow and the naz or sp)...

I don't know about millisecond updates but at least once a second up date versus the 15 second index update feed that comes with eSig and most other data feeds will help your scalping... i think CQG has a Fast Cash tool in their feed but i am not sure...

We are in the process of building a website that will provide Fast Cash line charts on all indexes, their advance decline numbers, their volume differences and their average price depth per total amount of stocks per index - for a more cost effective solution - but it doesn't look like we will be able to accomlish this anytime soon since we seem to be running into tech stumbling blocks...

anyway... a Fast Cash feed even if you create one from a dde excel setup can be helpful in many critical trading moments...

:)

_________________
HAVE STOP - WILL TRADE
 
jz

May I ask what exactly you mean by scalping? Are you talking about trying to capture the spread? I dont scalp but occasionally a trade will turn into a "scalp" and Ive never had a problem getting in and out fast with IB, a good frontend and api charting and this costs practically nothing.
 
Quote from EdgeHunter:

"so you don't need up to the millisecond updates"

Many many scalpers are using Fast Cash data feed tools (bloomberg includes one in their $1700+ subscription service for both the dow and the naz or sp)...
More...
I agree with you if Fast Cash is a part of his scalping tools. CQG is very good with this because the feed is fast and reliable. However, they don't have a single-line fast cash. You just get the quotes and create it with DDE and Excel. Unless this is necessary, I would still recommend IQFeed or another data feed with Ensign.
 
Quote from FuturesTrader71:

I agree with you if Fast Cash is a part of his scalping tools. CQG is very good with this because the feed is fast and reliable. However, they don't have a single-line fast cash. You just get the quotes and create it with DDE and Excel. Unless this is necessary, I would still recommend IQFeed or another data feed with Ensign.
More...

Yes, i agree with you Ensign is a very cost effective way to chart your instruments, but i have read, on IQFeeds developer thread forums actually, IQFeed developers posting complaints about the data they were receiving... we were looking into IQFeed as a possible DDE stream thru solution but that finding thru us back and made us reconsider...

since this was about 8 months ago maybe they have cleaned up their act... but in the meantime we have found eSiginal's dde feed to be dependable (although definitely overpriced!) when we created our excel version of Fast Cash... and our own Fast Cash Derivatives...

we are going to go back and take a second look at IQFeed for DDE... i hope they have upgraded their data quality since the last time we looked... We will use the 'Lefty' approach again... go back and see what the Developers are saying about the quality of data they are receiving...

:)

__________________
HAVE STOP - WILL TRADE

If You Have The Vision We Have The Code
 
Has anyone tried Esignal's Tahoe Charts (which were renamed to advanced get charts, no not the advanced get analytics, its a similarly named product but its is just charts)?

You can access multiple data vendors with this product which can be useful during peaks and slowdowns. I'd like to know if you can switch data sources on the fly and still maintain the historical data in your local datase or do you have to start over from ground zero when you switch data sources?

Does the Esignal data connector make use of IB's new backfill API functions?

Does this product's charts have the same appearance and customization options as the advanced charting in Esignal Primier? I know it won't have all the technical studies, but I don't want it to look like the old Esignal Basic charts. I'm just want something that can be made to look reasonable and has bollingers or some other channel based indicators.

Does Advanced Get Charts have a window for filterable time and sales like Esignal Primier does?
 
easyrider, Im in the same boat as you... some trades can turn into a scalp! Thanks to you and everyone else with your help... Im on the hunt for a great set-up thanks to everyone's posts!
 
You must log in or register to reply here.
Back
Top