E-Mini S&P Futures Strategies, Mini Dow, Mini Russell and Mini NASDAQ Trading » Posts in 'unfiltered data' category

NinjaTrader 7′s Hot Key Manager, and How to Enable Quick Keyboard Commands No comments yet

Don’t get bogged down with the mechanics of trading, try using NinjaTrader 7′s Hot Key functionality. With the Hot Key Manager, you can assign, modify, or enable Hot Keys to quicker access a variety of functions within NinjaTrader. Tasks such as switching workspaces, closing workspaces, submitting orders, and so on can be done with just a few keyboard clicks. View the video below to see how to access these keyboard commands to streamline your trading.

 

To access a free trial of NinjaTrader & the Rithmic data feed, please visit the following web page: Click Here

 

 

 

 

TRADING FUTURES AND OPTIONS INVOLVES SUBSTANTIAL RISK OF LOSS AND IS NOT SUITABLE FOR ALL INVESTORS. THE USE OF STOP LOSS OR
CONTINGENT ORDERS MAY NOT PROTECT PROFITS OR LIMIT LOSSES TO THE AMOUNT INTENTED. CERTAIN MARKET CONDITIONS MAY MAKE IT DIFFICULT OR IMPOSSIBLE TO EXECUTE SUCH ORDERS. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.THERE ARE RISKS ASSOCIATED WITH UTILIZING AN INTERNET-BASED EXECUTION, BUT NOT LIMITED TO, THE FAILURE OF HARDWARE, SOFTWARE AND INTERNET CONNECTION. SINCE TRADERS PLATFORM DOES NOT CONTROL SIGNAL POWER, ITS RECEPTION OR ROUTING VIA INTERNET, CONFIGURATION OF YOUR EQUITPMENT OR RELIABILITY OF ITS CONNECTION, WE CANNOT BE RESPONSIBLE FOR COMMUNICATION FAILURES, DISTORTIONS OR DELAYS WHEN TRADING VIA THE INTERNET. TRADERS PLATFORM EMPLOYS PHONE SUPPORT IN THE EVENT OF PLATFORM FAILURE.

Real Time Trading Simulation Engine using NinjaTrader No comments yet

When doing sim trading in futures you want to come as close was possible to real time trading. Watch how it is done with NinjaTrader.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results

Emini SP Trading Platform- How Do you Choose One? No comments yet

How Does one choose a Trading Platfrom?

You should strive to find a platform according to your needs: experience, frequency of trading and technical skills. Some of the platforms are free, while other has a cost associated with them. Also, consider that some futures software companies provide both free and paid versions of their software, so you should become familiar with both version of the platform to make sure you do need the paid version. Also, consider whether you actually do need all the features that a platform offers before you go through any expense.

Here is a general guide to choosing a platform:

Stability: Technology is imperfect, and platforms are software. Make sure that during your demo period you run your program along with all the other programs that you must keep along. If there are programs that you don’t need during the trading hours disable them to allow full capability of the platform along with the data feed it provides. Ideally, during trading hours you should trade on a platform while everything else is disabled, such as: instant messenger, emails, browsers and other consuming programs that could affect the stability and feed execution.

Visual Appeal and Usability: It is very important that you could navigate through platform to discover the ease of execution, pulling the charts, depth of market and the ability to keep track of your trades. It does take time to discover all the features of the platform, but most basic features should be discovered upon point and clicking.
Beginners in particular should be looking for platforms that have a visual appeal where simplicity is applied while more progressive traders should focus more on the technical features.

Data Feed: Platforms should allow a choice when it comes to a data feed. You should be seeking low latency for fast execution and unfiltered data for the performance of your strategy.

Lastly, whatever software you choose PLEASE make sure you take the time to learn the software, it’s features and any potential bugs it might pose for you.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results

Latency cost for Futures Traders Part 2 No comments yet

Latency cost will occur between the order submission and the actual price execution. The most substantial cost occurs on order that are “Market” order where a trader would seek an immediate execution. This is what traders call “slippage”, however latency also has costs associated with Limit Order.

Limit orders get executed on a price-time queue. Those traders who use Limit as entry or exit and do not have a low latency solution, will experience a further delay at different price levels and miss the order all together. Consider that if prices move quickly, traders that have delays will be less likely to fill their new limit orders as the cancel/replace orders get queued again further behind the traders who had low latency solutions. Traders might not get filled at all or just get partial execution.

The cost of latency for futures traders who use liquid markets as the eMini S&P,Bond futures, currency futures,etc explains why a demand for low latency technology could be increasing.
Using low latency solutions is an advantage even for those who have might have less latency cost as used in swing trading and long term methodologies.

There is no total elimination of latency as market conditions also play a big role, along with external factor, however here are some method that you could POTENTIALLY decrease latency:

1) Use method that require less transactions and higher time frames where cost of latency might affect a trader less.
2) Plug a data feed such as Rithmic to your trading platforms. Please read here about the fast capability of order dissemination: Low Latency Futures Trading
3) Use a platform such as NinjaTrader because it can facilitate Rithmic. In addition, Rithmic provides unfiltered data which is important for those who will trade on a tick by tick data.
4) If you live in far location, also consider a NinjaTrader hosting solution

Prior to deciding whether you use one solution over another, you could use a demo and decide if the use of one technology over another would be advantageous to you.

Trading in futures and options on futures involves substantial risk and is not suitable for all investors. Past performance is not necessarily indicative of future results.

Latency cost for Futures Traders Part 1 No comments yet

Futures traders might not be informed about the cost that arises from the latency (speed) of their execution. However, they pay a very significant cost even if they don’t utilize day trading, frequent buy and sells, or strategies that one might perceive to have on his/her strategies. The systematic cost associated with the latency cost could be significant and could turn a theoretical strategy, which is profitable to unprofitable in real life.
When you place a “Market Order” in the futures market, the price of execution (fill) could be very different from where you have observed the best bid/offer.  This “slippage” has a tremendous effect on the bottom line of any strategy. Traders can place limit orders, however delays in placing, updating and cancelling orders could be a very costly effect as well. The speed of execution could add additional cost to futures trading.
Why would a trader experience delays in execution?

1) Geographic location (proximity to the exchanges)

2) Speed of Internet transmission (your ISP provider)

3) Hardware (your computer)

4) Server locations for the platform (data)

In the next section (part 2) we will address possible solutions to latency and execution.

Trading in futures and options on futures involves substantial risk and is not suitable for all investors. Past performance is not necessarily indicative of future results.

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