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Too fast, too slow? Let me know so I can do a compilation more effectively. You might want to download it so you can more easily go frame by frame...
I'll do the compilation without trades though - as I said, I do think this is something you should study and trade your way - not the way someone else trades it.
If you have any questions about the products or services provided, please send me a Private Message or use the futures.io " Ask Me Anything" thread
That's awesome Pete, thank you for that...I just thought it was a pretty advance topic and a bit difficult to understand what you're saying in the webinar (for me at least). I recently studying order flow and I believe watching this and re-watching the webinar will help me understand this topic more...thanks again!
Ok let's try this here since I have not received a reply from any of the numerous direct emails sent to different JST email addresses!
I specifically got JST for RTP access as I do not wish to run NT for real trading.
My interest is specifically hoping that RTP will allow user coded through some type of API or several default templates of smart order execution strategies making bid vs ask comparisons both traded(Delta) and standing limit orders.Basic execution strategies looking at lean price(s),pulled orders,upticks vs downticks etc,volume stops,if touched volume thresholds etc.
That said seeing how an API or power user smart orders may be a ways off I wish to code some of these strategies in NT8 for testing purposes.
Would it be possible to have a few details on how the delta calculation is done with regards to the snapshot meter?
a) what controls the frequency of the calculation updates?
b) if I chose 5 levels of snapshot...what delta calculation is included..last 5 levels buy volume - sell volume?Or something else?
c) If I chose 1 level of snapshot..is it all traded volume done at the inside best bid/offer or is the current trades reset calculation used instead?
Essentially I really would like to know what it is exactly that I am looking at.
Hoping to get an answer and to also encourage more advanced traders to make smart order execution suggestions as default RTP strategies.
Well - all I can say is - welcome to my spam folder. I haven't seen your emails, so I'll answer here.
My sincere apologies for not replying but hand on hear here - I don't think I missed stuff that hit my inbox.
I can't say much about functionality we plan to provide on here - 'cause someone else might do it first.
For snapshot meter.
a) What controls the frequency of updates is the 'update interval' which by default is 200ms but many discretionary traders knock that down to 50ms. We set the default to work on a crappy PC.
b) if you set 5 levels, it simply means the inside 5 levels
c) yes
Best thing to do (as I'm not getting your emails) is skype me on "JigsawTrading" where my lips are a lot looser.
Cheers
Pete
If you have any questions about the products or services provided, please send me a Private Message or use the futures.io " Ask Me Anything" thread
For the inside bid, there are two ways you can have the snapshot appear: Delta – show the net changes to the limit orders, taking into account what has actually traded.
Original – Simply show the qty of limit orders when this price became the inside bid or offer.
So the Delta version would be for example using 5 levels...
a) 500 added offers red side
b) 1000 added bids blue side
c) 300 traded into the bids of the total 5 bid levels
d) 600 traded into the offers of the total 5 offer levels
I have downloaded the RapidTrader, I understand RTP is a stand alone platform so I don't need my NT platform to run jigsaw anymore. I have a NT brokerage but since I won't use their platform and all I have to do is connect my data feed to RTP, does this mean all my broker account information (as in funds) is within the data feed I use, in this case CQG continuum? And all the trades I do will be directed to my brokerage account through my data feed provider?
Also having a NT lifetime license, will I get the commission fee discount that comes with that license when not using NT platform, since I will be using RTP?
Hope it is okay to ask this here. I am new to the trading world and getting started, maybe you guys can help me out with my newbie doubts
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