One word - classic!

[Tony Beckwith]

:) YM 5 min. short today -

Enough said...

Thanks

Tony

[Todd Morgan]

Hi Tony,

ES Z6 5min was just as good. :)

It's a beautiful thing.

Best,
Todd

BTW: DEC (Z) is front month as of today.

[pauli134]

It appears TS did not pick up this setup....Maybe its my settings but I did not get this one.....

[Steve Griffiths]

Hi Paul,

Yes TS8 and eSignal had slightly different data around this sell set-up in the YM, this made the difference.....

The ES, NQ (TS4) and ER2 sells were on both eSignal and TS8 though :)

Steve

[ericd2281]

One possible method to resolve the issue of differences in the patterns recognized between tradestation & ESignal would be to use both platforms.
Use tradeStation as your primary program and place actual trades through tradestation and get the platform for free and then pay for an ESignal premier membership also ($130/month or so plus exchange fees) as a 'backup'.

That way you wouldnt miss a signal......

Based on the average expectancy per trade, if the combination of the programs finds only ONE more trade, that should more than cover the cost of the additional data feed.

[jands]

I like obvious answers. :rolleyes:

Thanks,

Jim

[stevej]

Hi Paul,

Yes TS8 and eSignal had slightly different data around this sell set-up in the YM, this made the difference.....

The ES, NQ (TS4) and ER2 sells were on both eSignal and TS8 though :)

Steve

Elsewhere I have moaned about e-signal's cost and reliability (as I find it) and grumbled about wanting the stand alone RT program updating. Sorry if I sound like a bear with a sore head and a hobbyhorse to ride but just come back to the UK from the sun.

Can anyone explain how data coming out of the same exchanges can be different? Esignal latency also concerns me - if only I could watch my broker's data and trade at esignal quoted prices I would be a rich man.

As for Tradestation, great if you want them as your broker (I don't).

[Steve Griffiths]

Hi Stevej,

That is just a fact of life.

For example, you have a tick coming into eSignal and TS8, but they process it a fraction of second differently. This could mean that this tick gets posted to one Bar in ESignal and the next Bar in TS8, (or could be the other way round). In this way the charts in eSignal and TS8 could be slightly different.

You also have to understand that all RT data feeds will always be slightly behind the market, as gathering data and then processing it and then getting onto your screen (at home via the Internet) takes time. Yet another reason why prices could be slightly different between data sources or different RT programs....

As such, I wish people would not get so hung up on this, as this is just a fact of life that none of us can change, as such we just have to accept that different data sources (or different charting programs) can have slightly different charts - this is just life.................

Steve

[CapTech]

This is why I work almost exclusively in MTP5Eod with the TS created data. I continually am measuring wave lengths and abc setups with WPt projections so I know where they are before the realtime product triggers them. This along with DT5 and it's bloated overhead gives me a headsup edge and keeps me a tuned to market wave dynamics. I would still much prefer a pseudo realtime or clock timed update of MTPEod's active chart so most of my work could be exclusive in one platform......as a recent MTP product review quoted "Real-time program lacks flexibility of main program" ......Here's hoping....Jim

[stevej]

This is why I work almost exclusively in MTP5Eod with the TS created data. I continually am measuring wave lengths and abc setups with WPt projections so I know where they are before the realtime product triggers them. This along with DT5 and it's bloated overhead gives me a headsup edge and keeps me a tuned to market wave dynamics. I would still much prefer a pseudo realtime or clock timed update of MTPEod's active chart so most of my work could be exclusive in one platform......as a recent MTP product review quoted "Real-time program lacks flexibility of main program" ......Here's hoping....Jim

Jim,

I also tend to use an EOD / TS2000i combination. I generally use my broker's data (Interactive Brokers) which, although it does not send out every tick, is often many seconds ahead of Esignal when the price changes. If you want to track the VWAP or some other volume related factor forget it but for price data it does fine. I have cancelled my Esignal subscription so when the end of the month comes that will be my sole means of using MTP intraday.

I agree it would be very helpful if EOD would update the currently forming bar in pseudo real time and equally useful would be a settable audible alert on a setup being found. I hate screen gazing!

Elsewhere I have have left the URL to a site for free RT data but, unfortunately, Steve does not intend further to develop the standalone RT (or presumably EOD) to use it or any other RT feed whether IB or, for example, IQfeed which IMO is streets ahead of Esignal for speed, quality and cost.

Ho hum ........

PS for clock timed updates I use the EOD scanner to scan my RT ASCII directory and set it off on a regular basis with an automated mouse clicker! HORRIBLY clunky but it works although you do have to make sure the mouse clicker does not make trades by mistake - I use a separate computer for my trading platform. If i were clever enough to write the ASCII output code it could be made to update the present bar. Have you tried Metatrader which does update the forming bar although you still have to use the mouse clicker to scan for it?

[Steve Griffiths]

Hi Guys,

May I please reply here ?

Capteck - on the recent article, the trouble was that the person who wrote the review was obviously not a trader, and as such had no idea, or appreciate, of what was require for fast real-time trading. We have deliberately only included the tools required to find a trade set-up, and then assess it with respect to initial risk, profit targets, and then manage the trade. Anything else is just added weight. Any professional trader will understand and appreciate this, but a software person only reviewing the features of two packages will have no idea of what tools are important and which are not. This is just an example of how a review by somebody who is not a trader can can give the wrong impression because they do not understand what is important.

SJ, On RT, I have answer you a number of times before on this subject. Please understand that is not that I do not want to update the stand alone RT program but the technical issues with data feeds (not us) has not got to a level where we can provide a solution that I feel is good enough for you, the trader. Put simply, Yes, we can provide a RT solution that can open few charts, but I require that we have the ability to "scan" a number of additional charts so you can follow a number of different markets and time frames (essential for RT trading). This is where the issues arises in that most RT data sources (especially the free or cheaper ones) simply cannot cope with this additional requirement. This thread is not the place for me to got in detail, but please understand that I do not take this decision lightly, but I do make it as I only want to provide tools that work to my high standards and a such are easy and problem free for you to use. The eSignal efs's and TS8 eld's provide that solution - that is why we use them. A direct feed from other RT data feeds do not, that is why we do not use them...................

On an Auto update of EOD, again I have answered this before. We tried this feature (actually the code to do this is in the program - but not active), but this caused problems, so again, I only wish to give you the best solution I can, I am not going to provide a solution that although technically is possible does not work easily, because as a trader you cannot afford to let any technical issues get in the way of your trade making decisions. (perhaps I should take another look at this feature ?)

This is the difference - I am looking at this with a traders eyes, not just as a software engineer..........

I hope this helps ?

Steve