What kind of Software Interests you?

IAS_LLC said:
Ahh, I see. So if you get your data from a third party, you are a "managed user" . I'm about to go live with my Rithmic connection, and I have noticed there is a a parameter I need to populate when placing an order that indicates if the trade was placed automatically or manually.... now I know what its used for. I didn't anticipate this fee, but it sounds like I will get hit with it. $170 isn't bad, but there is something about fixed costs that make me cringe.

Thanks for sharing your expertise, Robert.
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NP...let's all know how you do at Rithmic. I have no current clients using them. I suggested my current client review the offering from Rithmic and CQG Continuum using CQG IC and their API. He choose CQG.

Bob
 
Robert Morse said:
NP...let's all know how you do at Rithmic. I have no current clients using them. I suggested my current client review the offering from Rithmic and CQG Continuum using CQG IC and their API. He choose CQG.

Bob
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Will do. Right now, alls I can say about Rithmic is their customer service is extremely responsive, and their C++ API is VERY clean and easy to use. You can tell they put a lot of thought and effort into it.
 
EliasHD said:
Hey everyone,

So I'm kind of new here, it's great to be part of the community.
I'm currently in the development stage of a trading algorithm for US stocks.
I was wondering what you think about the landscape and what kind of products you would like to have to help with you with daily trading.

Thanks everyone in advance!
Wishing you all gains!
Elias.
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In other words I am a new vendor looking for ideas, can you help me?
 
Robert Morse said:
I think you might want to review the "Landscape" created by the exchanges like the NYSE that charge non-display fees for automated traders where your overhead will be too large for all but the well funded. https://www.ctaplan.com/publicdocs/ctaplan/notifications/trader-update/Policy - CTA Non Display.pdf
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Hey Robert,

Thanks for the help!
If you don't mind. Moving away from data feeds, what kind of software would you like to see to help you make a decision, or make a trading decision for you? You seem pretty informed about the market and its sentiment, I would like to know your opinion.
Thanks!
 
algofy said:
In other words I am a new vendor looking for ideas, can you help me?
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Hey algofy,

Communication with your intended market (hopefully !!) is key to becoming successful!
I hope you understand and would love to hear your opinion.
 
Spectre2007 said:
To be honest, what would help most traders, is software that scans newswires and media looking for triggers and creates a list where there is a tick ATR STD spike. Than individual traders can deploy algo's or trade manually based on what they are seeing.

Reacting within 30 seconds of a event would be ideal.
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Hey Spectre2007,

If there was a software available that could do that, which i think technologically we are still out of reach (although not for long), wouldn't it then trade based on rumors?

According to this study (http://www.bu.edu/econ/files/2011/01/MacKinlay-1996-Event-Studies-in-Economics-and-Finance.pdf), usually news takes time to sink in.

More specifically, a couple of days for negative news and a few for positive news.

I would suggest a tool that does what you have suggested, except with the decision making coming after verification of the news. What do you think?
 
EliasHD said:
Hey Robert,

Thanks for the help!
If you don't mind. Moving away from data feeds, what kind of software would you like to see to help you make a decision, or make a trading decision for you? You seem pretty informed about the market and its sentiment, I would like to know your opinion.
Thanks!
More...

I'm not an active trader anymore. I provide a service. In addition, the company I work for owns Lightspeed Trader, Sterling Trader Pro and Green Trader (Risk/Margin). I think you are going about it the right way by looking for an need 1st, rather than saying this would be cool if I built this, but I don't have any list of what we need that can't be filled internally.

As a side note, Sterling has an API with and without MD. There are often traders looking to add some functionality to Sterling and we don't offer programming as a service. Offering that service at a fair price, might be something worth looking into. There are well over 5000 users worldwide, some retail and some prop.
 
I have yet to find an Expert Advisor that makes profits without a Martingale, grid or averaging down betting system. Those systems are highly dangerous in the longer term and invariably crash taking your account with it.
I have tested 100s of EAs. Though none that do not use MQL like MT4 or 5. I expect the same is true with Ninja trader and the others.
Perhaps someone has a positive story to tell ? Preferably without the usual BS and downright lies.
 
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