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Does AMP automatically prevent you from trading a contract that is getting close to rollover? I was unable to make an order and this is what I got,
"Position limit for the contract F.US.GCE.G14 is 0, worst case position is 1 affected Order: Buy 1 Market"
Called the trade desk and I was told to call back in the morning to talk to the normal guys. He had no idea how to help me, is the night shift. So, I tried to buy GC 04-14, and that went through. I don't rollover to 04-14 for at least another week, basically when the volume is greater than the previous contract.
So, did not get a good answer on what exactly is going on, but was assured it would not happen again. It is also not a quick fix they are "looking into the software."
Hi guys
Following on from your very helpful responses regarding the backfill data I receive with AMP/CQG, I understand now that this is tick data held on NT's own servers and does not come from AMP/CQG. As I am in the process of designing a backtesting/optimisation programme using a custom renko bar type (Logik Ultimate Renko) that only accepts tick data, I need to understand a little more about the exact nature of the tick data provided by NT.
Two questions:
1. Where does NT source this tick data?
2. How far back is the tick data available on backfill for common instruments such as CL, ES, FGBL, 6E, FDAX and 6A?
On a more general note should I really be looking to purchase tick data from a vendor such as CQG if I am to be confident about backtesting results rather than relying on backfill tick data?
I realise I've probably gone off thread here so apologies are due. If appropriate, please direct me to the correct place to ask this question?
Platform: "I trade, therefore, I AM!"; Theme Song: "Atomic Dog!"
Trading: EMD, 6J, ZB
Posts: 795 since Oct 2009
well let's see...
these things are very fluid in nature, as to which firm responds to criticism and improves over which remains incalcitrent and unresponsive to complaints
however, in my opinion AMP is better by quite a few stages, or as we say in the S&P pit, quite a few handles.
congrats AMP!
as far as Mirus,
not another dollar of business from me.
... this Zenfire and denial of a stable execution transmission and stable pricing was the breaking point followed by
... incomplete communications during this fiasco from Dec 2013 - Feb 2013 followed by
.... their insistent platform / activity fees, as if they were worthy of such, followed by
.... the upset to usage by requiring switch over to a more expensive Continum platform, followed by
.... not competitively offering cash indices as other brokers using the CQG services offered. followed by
..... .... ....
Platform: "I trade, therefore, I AM!"; Theme Song: "Atomic Dog!"
Trading: EMD, 6J, ZB
Posts: 795 since Oct 2009
AMP Futures!, by far is better than Mirus.
It seems that both brokers are leveraging themselves for handling clients on a impersonal basis, where you no longer have a direct personal contact with a broker / representative of the company, but this clinical, cold, sterile notion of a department handles your account and interactions with the brokerage.
So, why the definitive statement. Validate and verify it for yourself, and simply call both, and you'll choose the alphabetical leader over the laggard. They simply aren't nothing of what they used to be, in my opinion, especially after Tony P. left.
Either way to sunday, watch any broker you use and verify price action at, around and just after you receive confirmation of your trade's execution just to make sure you're getting the stated and advertised prices in the marketplace.
When you notice slippage, start sounding the alarms on these public forums, because at that point of noticing such irregularities, you can't possibly challenge and succeed against the game being rigged. The only thing(s) you can do, are be alert, notify others and sit back and watch for confirmation from others because they're noticing same.
Perhaps that's what others, who rang the bell, noticed with the pricing that the previous zenfire feeds were showing against other traders using other pricing / execution venues..... Perhaps, but who really knows?
I have been with Mirus for 5 or 6 years now, I trade CL exclusively. My experience with Mirus up until the zenfire debacle was neither good nor bad. I previously used Tradestation and so don't have a good apples to apples comparison for Mirus. They basically never went out of their way to help but help was seldom needed... up until the debacle.
During the debacle they were worthless. Even after the issue was fixed I could not connect through the new Dorman settings and called their tech support twice a day for a week to try to get them to figure out what was wrong. Every call we basically had to start over from scratch trying to diagnose the issue as if they had amnesia even though I spoke to the same tech support guy. Eventually I just googled the error message and found the problem on a Ninjatrader support forum that basically said it was a faulty broker setting, and when I pointed out the thread to their tech support they were able to fix the problem on their end.
Even after this, I still stuck with them figuring I would give them a second chance considering that this was the first major fail in 6 years I had been with them.
Then about 2 months ago or so, I got an unexpected margin error when placing a trade. I thought WTF ? I called their trading desk and the guy told me that I was trading too many contracts. I told him that I was trading the same number of contracts that I had for many months and that according to my calculations I should have enough margin, using the $750/contract intraday margin for CL that I was told was in effect once dorman took over.
Turns out, that unbeknownst to me, they had doubled their margin requirements to $1500/contract. No email, no nothing. Just bam.
Now I'm probably going to switch over to AMP only because they offer $1000/contract on CL. Leverage is key for me. Mirus told me they have a management meeting the last week of June where they will re-evaluate margins and possibly lower them. If they lower CL back to $1000 I'll stick with them only because I want to save the trouble of opening a new account etc etc.
Been on AMP since the beginning of the year after being badly let down by Mirus. So far, I can't fault them.
I'm amazed that some people have given Mirus so long to get their act together. At the end of the day the markets are tough enough to trade. Just give me a stable platform and feed and I'm happy.