Sunday, January 22, 2006

Regarding Chart Feeds

QUESTION: Mike, I'm moving my account to Interactive Brokers, I recall that you spoke highly of them @ the Support & Resistance Course teleseminar. You mentioned then (I know it was a long time ago) that they may have special pricing for RBI subscribers, so that's my first question. Second question is regarding charts--do you use the IB interface or do you use another chart feed?

ANSWER: I still use IB, problems have been very few. The special pricing was for Ninja trader order entry platform, BUT beginning this they had to change the way the price ladder acts and to use the old one. A firm claimed copyright, so to avoid court they struck a deal where there's an attached cost of 20 cents RT to use the old version. Seems small, but adds up for active trader trading any kind of size. For charts, I have Esignal data feeding Esignal charting 1 pc, and I use Ensign charting, free feed because they connect to IB. The latter is about as cost effective as it gets I think, Ensign is 39.95/ month.

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