The top 3 guys who make over 1 million a year at my firm...

Quote from s0mmi:

>>The alternative is eSignal. It is a slow piece of garbage. It would save me 70% of my chart cost but I tried it and it's trash. It is slow, very inefficient, and terrible for spreading. You have to manually calculate every single spread using some old school integer functions and learn the coding for it.
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I agree, CQG is the standard for spreaders
 
I have pretty much tested every platform out there, since I am in IT and a techie geek by choice... and I agree...

stay away from esignal... it is awful for charting spreads and their pricing structure just blows... it is better to pay CQGIC the $595+MD fees than to use esignal...

a decent one is investor/RT... but doing complex spreads with it is not as easy, takes a bit of time... it is good for simple cals and flys... but it does not beat the simplicity of CQGIC for charting spreads..


Quote from s0mmi:

>>I like their charts because it has an extremely easy-to-use interface, it is fast timely & efficient. The load-up time is decent. Bringing up new charts is fast and quick. The time & Sales is accurate. The website has decent easy-to-use help pages about creating correlation functions and doing basic tests.

>> Also it is very nice and easy for putting spreads together, researching spreads, generating different spreads using various time-scales, multipliers, and filtering for time zones....

>> Also I have run out of room and I use four 24-inch monitors and they're all stacked top to bottom with X_Trader ladders and charts. I am going to get another 4 soon and that can easily be filled up. It's necessary that you're using a fast, efficient program that's easy to see and lets you do things quickly.

>>The alternative is eSignal. It is a slow piece of garbage. It would save me 70% of my chart cost but I tried it and it's trash. It is slow, very inefficient, and terrible for spreading. You have to manually calculate every single spread using some old school integer functions and learn the coding for it.

>> Also, its user interface is shocking. The website is terrible, you cannot find anything, and its just generally a piece of cheap trash. And then to make things worse, their Time & Sales for eSignal is NOT 100% accurate and misses orders.

Oh, and the 'key codes' for each chart is different and before you type in ANY code for a chart, you need to attach the exchange to the prefix first. It's just generally a huge hassle for nothing.

>> Cheap charts are not worth it to me. I use so many and I enjoy researching ,investigating new exchanges and putting together random spreads over time and observing them.
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Anyone serious about trading pairs should definitely call Rob Friesen and chat about what he's now offering. He handles all the hi-tech stuff now (I'm too old, LOL)....

604.539.8700 - be sure to tell him that we chatted here on Elite Trader (special preference to ET guys of course).


Don
 
Quote from williamn:

Thanks s0mmi, highly informative look inside propex. Currently a trainee of this firm. I'm really keen to get consistent trading the ZN/XT spread, apart from tradingeuro/US pre open and cash any nitty gritty tips on what you're looking for? What's your view on Aliom btw? Feel free to PM if not keen to publicize.
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You can't really judge everything until you go there yourself. I've had people tell me that the deal we had was 'restrictive'. But if you speak to me, I'm telling you it's the best deal you can get in our area BY far.

>> If trading was the police force, our shop would be the police academy that equips you with a pistol, assault rifle and rocket launcher.

>> The other prop shops equip you with hand-cuffs and a taser.

As for XT/ZN spread.... to me it has been very random over the past 2 months straight. It ignores aussie fundamental data. It ignores basically everything because its cash bond auctions have been cheaper and cheaper. You can't even give it a 75% success rate of following some basic principle (like following aussie cpi trend, or aussie jobs data, or whatever).

This is actually a good thing. This should give you half-confidence that even if you fade a random spike in it, you shouldn't feel too nervous. For example there were times when the XT/ZN was definitely up-trending. But a big spike up would happen and i'd sell. I would be a bit nervous because ive been longing it all week and I think it should be higher... but if you remain calm you can always escape fine. Just dont add to your position blindly, ever. Thats how people lose careers.

Start looking for times when you think is appropriate to add to a position if offside. Maybe 5-minutes before a figure? Maybe 15-minutes after the figure? Maybe 1-hour after the S&P500 cash open? theres never a clear answer but you will 100% be on top of everyone else if you are offside in the spread a little, and you dont just nervously average but instead say "Its 8pm right now... I am going to take the pain like a little bitch, and wait it out, and then average at... 12:45."
 
Quote from Don Bright:
Anyone serious about trading pairs should definitely call Rob Friesen and chat about what he's now offering. He handles all the hi-tech stuff now (I'm too old, LOL)....
604.539.8700 - be sure to tell him that we chatted here on Elite Trader (special preference to ET guys of course).

Don
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I'd like to know:
1) What factors / attributes are considered in the process of selecting a pair ?
2) How to compute the reduction in risk vs. outrights ?
3) How can options play a role in pair trading ?
 
Ok I was looking for a prop shop where you could trade the firm's capital without making a deposit. I found one that was really interesting. It was called "Snoop Lion Trading". It looks like there primary set-ups are to get high and then get creative? How does this compare to your firm? They are based out of Jamaica, do you think this is a red flag? Will the weed be to good to be able to trade properly?
 
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