Hello! Just joining and find this site quite useful so far! I have a question for the more experienced users: I am considering using eSignal with an Interactive Brokers account. I want to use "trade from the charts" from eSignal. I would use this setup for day trading (I trade only on pattern). I won't track more than 10 ticker symbols at a time (plus 4-5 indices). Can I use eSignal OnDemand for this ??? I have seen posts that seem to indicate this is possible. Using the IB data feed for real time data and eSignal's delayed data feed for later analysis. Is this a reasonable scenario? Thanks for any comments! Lord Lovaduck.
Yes that combination will work but our data will be populating the charts, not IB's. As a result, you'll be looking at delayed charts and then attempting to fire off RT trades to IB. Otherwise, yes, you can use the IB broker plug-in with eSignal OD or any other real-time flavor (like Premier or Premier Plus). Thanks.
Scott, thanks for your answer.... So this combination would NOT work in practice, because only a very, very weird pattern trader would be using delayed data to fire trades.... Lord Lovaduck.
I would agree. It could work for swing or medium/long term traders who just like the convenience of executing the trades from the charts and their timing doesn't need to be exact getting in/out. Thanks.