IB Charting.
- Thread starter IBsoft
- Start date
IBsoft and def,
FWIW, just wanted to mention I'm new to IB but do greatly appreciate what I see so far. I'm sure you all work hard on improving the software and maintaining and improving the quality of the executions, which, with a few occasional exceptions - which all brokers have- seem to be great. This is by far the most important issue. I just was disappointed when what I thought were candlesticks, but may have just been really fat bars, that I found very useful, suddenly disappeared. I hear you'll be adding candlesticks back in going forward. That will be great and very much appreciated by many traders. So thanks for doing what you do. No brokerage has everything and offers everything. No one's perfect. But as far as I can tell you've done a fine job. Thanks.
FWIW, just wanted to mention I'm new to IB but do greatly appreciate what I see so far. I'm sure you all work hard on improving the software and maintaining and improving the quality of the executions, which, with a few occasional exceptions - which all brokers have- seem to be great. This is by far the most important issue. I just was disappointed when what I thought were candlesticks, but may have just been really fat bars, that I found very useful, suddenly disappeared. I hear you'll be adding candlesticks back in going forward. That will be great and very much appreciated by many traders. So thanks for doing what you do. No brokerage has everything and offers everything. No one's perfect. But as far as I can tell you've done a fine job. Thanks.
Yes. Instead of spending scarce in-house resources to re-invent the wheel; it would be much more attractive to both IB and its customers to simply bundle a decent package with TWS.
Haven't thought in-depth about the choice, but Ensign might be my #1... QT #2, etc..
IB should be able to negotiate a very favorable rate per user, i.e. $2-5/mo, and thereby do its customers a service, while saving itself a lot of development headache, and also ending up with a better execution platform due to the renewed in-house focus on those issues.
The same model should be applied to data-feeds for historical, backfill, etc.. Contract at a wholesale rate and then provide it to customers for much less than they'd pay individually.
The same model should -certainly- be applied the the 'scanner'. Rather than
reinvent this whole wheel, just contract wholesale with Trading-Ideas and let us buy it from you for a few bucks a month...
...all of these add-on charges being offset by commissions, of course! <g>
This sounds like a good idea to me too. I thought about these very same issues and solutions the last few days. I like eSignal's advanced charts myself and in fact reactivated my account Friday for mainly this reason. Some of the charting people, Ensign, eSignal, QT, Genesis, etc. have charts that are just much more developed and like you're saying, no need to reinvent the wheel. Traders don't sign up with IB for the superior charting as far as I can tell. They sign up for the access to many markets and also the low commissions as well as a good reputation for executions. At least that's what attracted me. Maybe see what you could do as far as offering some of these third-party add-ons and what kind of a discount they would offer us. Again, thanks for your efforts on our behalf. BTW I'm aware of the standard broker discount of $25 off for 3 months with eSignal, but went with the one free month, a greater discount, instead. Thanks.