John, This observation only seems to come up with "simpleton's" like you and me. I posted yesterday on the "IB's Data Feed is Useless With ButtonTrader, NinjaTrader, ect... " thread: "Why did these ***Traders not provide for feed connections to "better" data providers while placing orders to the IB API. Technically this is very feasable. Cost goes up for users though, which dampens the attraction of ***Traders for the cheapies." I think the answer is that nobody ever thought about this. It is also easier for them to let their customers try to yank it out from IB. This makes them look important creating the illusion that their superior "get rich quick" products are not adequately served by inferior quality IB feeds. As to your "RottenTrader" initiative, of course you don't mean to supply the tick-by-tick feed all for $14.99 inclusive, only the capability to hook it in which does not seem exist right now with these highly polished "API's" like adepts like to call them. I think it would be wiser to stick to your own trading. I'm afraid you would have to deal with too many crybabies. For $14.99 a month, it ain't worth it. Let the specialists handle this. Be good, nononsense
Most data vendors don't have open API policy. For regular traders, even IB API is half baked and rarely supported by IB. I guess if you are a big customer of IB or any other vendor, you may get some kind of tech support on integration issues. You would not make enough living by offering such products anyway. The market is already crowded and the the number of traders who are paying customers is limited as well.
The values in the DOM change continually. The cause of changes in values in order of significance are: 1. Phantom B'A's (See Nitro) appearing and disappearing. 2. New rows appearing/old rows disappearing as Best B/A shifts. 3. Oscillation of two pairs of B/A that vie for Best B/A. 4. Actual trades consumated. (Only a portion of actual trades are listed prior to consumation). (See T&S for comparison). 5. Bar periods ending which trigger stuff (protective stop adjustments, etc.) (5 mins (and multiples) or less) Because of these items and their nature, the cummulative B/A ratio can only be used as a gross measure for anything including scalping. News and spiking times will verify for you the great smoothing requirements which prevent this measure from being used as a better than gross measure.
You could develop your own product, however: 1. You would be competing with guys who give their front-end clients away for free. 2. You would have to rely on data and API that you don't own so that your product could stop working at any time through no fault of your own. 3. Competitive products from well funded vendors such as Tradestation with their Matrix window and orderbar are probably ahead of you already. 4. You would be chasing after less than 1000 customers (if you look at chat room and support forums for existing products to estimate numbers it is probably closer to 200). 5. Support costs from 2 calls a month per customer would eliminate any profits. 6. If you did develop an attractive user interface, it would soon appear in a well-funded established vendor within 3 to 6 months. Much better to focus on trading and constantly adopt the best trading client and fee structure that is available at any time.... ramora
one of the more interesting ideas ive seen with Stochastics i learned from an old guy in the dacharts room.. its a longer period stochastic imposed over a shorter period stochastic.. the idea being to trade divergences in the direction of the longer period.. there are actually quite a few repeating patterns in this type of setup.. Stoch1 - 9,3,3 Stoch2 - 53,8,3 10T chart -qwik
Grob, the macd settings are way out of whack.. i was on my laptop and just grabbed an old template to use as an example for stochs.. i spent the last couple of days re-reading this thread and was hoping to re-ignite some on topic discussion.. i dont use macd as a primary tool but understand basic divergence/ convergence.. is it something you use? btw, ive greatly enjoyed reading and thinking about the ideas in your posts.. -qwik
the "slingshot" as its called is very accurate with the ES.. in the 65-70% range.. i havent tested it with dax yet.. the idea for the sling is that the long term stoch is trending strongly up or down and then the short term makes a sharp turn in the opposite direction.. when the short term turns and heads back toward the long term, it looks like a sling.. hence the name.. there is a nice one on the chart i posted.. just spent my day (and night) going over dax charts for the last couple weeks.. as i count them, there were about 900 swings on the 1min.. i count anything over 2 pts and lop off about a pt for the spread on each side.. 73.7% of the swings are 3pts or more.. plenty of opportunity.. it seems like there are alot of random spikes though.. one of those babies could eat through alot of well planned scalp snacks.. -qwik