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Old 05-01-2010, 12:31 PM
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Default Button Trader anyone?

Guys

Was speaking to support in Button Trader (BT). I planned to take up IB account and hence chose BT as execution platform (more to do with my style of execution which is met with BT). For health reasons i have not yet opened this account.

Due to closed nature of NSE data feed , BT as of now is not supported for NSE & INR. As per them they cant open a account in IB india and IB HongKong office also does not have any idea on NSE data structure ... due to which BT is not able to test out BT for NSE INR.

During my talk they offered to help port BT for NSE - INR ... but they needed paper trading account of IB (for NSE INR).

Was wondering if anyone of you would like to take up this offer? Do ping me if anyone would like to offer help.
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Old 06-01-2010, 10:40 AM
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Originally Posted by stumper View Post
Edakad / JJ

Wanted to know your feedback on FootPrint charts :
1.Does it bring in any value addition .. or it more distracting ?
2.Considering i have esignal feed ... does it makes sense to go with marketdelta (Esignal does not provide tick data for NSE as of now).I Belive footprint charts need tick data?
3.MP is available with AmiBroker also? .. I guess with esignal also. Why specifically use marketdelta?


Thanks for your informative posts.

Regards
Stumper.

Was just waiting to arise a situation for better reply with example. As a usual MD user i knew this happens most of times and gives trade opportunity, so actually eyes have become littile bit habitual to detect these...
As from ur descussion i assume u are aware of elementry info about FP charts, so there is chart of today's morning.
This represent 3 day combined FP charts and vertical golden lines represent developing Value area. Bars 1,2 and 3 all are developing towards value area high. As one aggry by basic concept prices try to correct form overstretching beyond Value area, but timing is littile bit cruicial and need some pateince. Bar 1 and 2 represnt transition and 3 is more of confirmatory of this transition. I think most MD users dont want more edge than this and perhaps they might have become accustomed with this on only candle chart even without using FP charts.
Please consider this post as informative for many of user not as offence in any way.

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  #23 (permalink)  
Old 06-01-2010, 10:16 PM
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Originally Posted by stumper View Post
"there is no footprint with minute data, its simply wrong"

From above i could infer that FP charts on minutes time frame though available might be incorrect/wrong as tick data is not available.
...
Im still confused whats the Gotchas with using esignal's minutes data (not tick) with market delta. What did you mean by "Its simply wrong"?

Footprint is derived after getting the data of the trades executed either on the bids or on the offer.A minute data can't display bid-ask information,that's why it's wrong to have FP on the basis of minute data.It needs tick by tick information to build an FP.
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Old 06-01-2010, 10:56 PM
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todays NF action into MD

Top chart ..from- PIB tick data (PIB2Ami) ..... 5second packets from PIB

Next chart..from- Interactive Brokers data... 1 min resolution.

Resolution better with Pib(tick) data... It would be even better with
pure tick by tick datafeed.
However, 1min data Chart also provides good clues to whats going on
Certainly workable... if u dont have access to true tick data
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Old 06-01-2010, 11:03 PM
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I can't understand how a one minute OHLC and volume data can resolve how trades executed on bid/ask for a trade.
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Old 07-01-2010, 12:15 AM
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Originally Posted by hari09omkar View Post
I can't understand how a one minute OHLC and volume data can resolve how trades executed on bid/ask for a trade.

Actually it is not so.
First see what MD provides us, there are option to choose in FP chart preference. If we feed normal tick ( i think every type of so far talked, either from what Darsh ( QC data ) provide us or from Sharekhan or from PIBtoAMI or any vendor and lastly i think esignal also ) or minute data in MD then breakdown setting "Ask vs bid" will not plot any thing on ur FP chart. It will plot only if , breakdown setings are choosen "Up vs Down tick".



In case of one minute OHLC, MD cant break this rather it treats as a block of data and interprete it as equivalent tick having price as "C" and volume as total of that block. This way every minute to minute block is treated as equivalent ticks in breakdown and for plotting FP charts.
Ask vs Bid option will plot FP chart only if ticks are feeded in appropriate Bid-Ask format in real time.
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Old 07-01-2010, 07:58 AM
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Originally Posted by devdas View Post
Actually it is not so.
First see what MD provides us, there are option to choose in FP chart preference. If we feed normal tick ( i think every type of so far talked, either from what Darsh ( QC data ) provide us or from Sharekhan or from PIBtoAMI or any vendor and lastly i think esignal also ) or minute data in MD then breakdown setting "Ask vs bid" will not plot any thing on ur FP chart. It will plot only if , breakdown setings are choosen "Up vs Down tick".



In case of one minute OHLC, MD cant break this rather it treats as a block of data and interprete it as equivalent tick having price as "C" and volume as total of that block. This way every minute to minute block is treated as equivalent ticks in breakdown and for plotting FP charts.
Ask vs Bid option will plot FP chart only if ticks are feeded in appropriate Bid-Ask format in real time.


Exactly. Bid-ask.. will plot only zeros
Use Up-Dn tick option.. u get fairly good deal.. specially with
PIB2 Ami data
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Old 07-01-2010, 01:19 PM
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Originally Posted by devdas View Post
In case of one minute OHLC, MD cant break this rather it treats as a block of data and interprete it as equivalent tick having price as "C" and volume as total of that block. This way every minute to minute block is treated as equivalent ticks in breakdown and for plotting FP charts.
Ask vs Bid option will plot FP chart only if ticks are feeded in appropriate Bid-Ask format in real time.

Yes,but making 1 minute as the ticking base will lead to misinformation.

The market can make an uptick in 1 minute (or whatever else) timeframe with actually more sellers (responsive) and vice versa.1 minute ticking base will print the whole volume as up/offer volume.This will not help at all when market is trading near a key level like a high volume area or a VAH.

Consider the reversal bars.Previous 1 min. close at 5000.Current 1 minute close at 5000.5 with high at 5003 and low at 5000.It's still an uptick from 1 minute.But the actual case is otherwise.

Footprint is meant to read the orderflow.And if we don't use the bid/ask or the few seconds snapshot(like 2 or 3 seconds) data to recognize the uptick/downtick,will that information be as much helpful?
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Old 07-01-2010, 01:40 PM
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Originally Posted by hari09omkar View Post
Footprint is meant to read the orderflow.And if we don't use the bid/ask or the few seconds snapshot(like 2 or 3 seconds) data to recognize the uptick/downtick,will that information be as much helpful?

Yes u are right. But put it as a similar constraint ( ) that 5-min bar chart will throw more accurate picture than 30-min bar chart, still both type of chart have their esteemed trader happy using them....
Even i had been successfully practicing with 1-min based FP chart for most of time even i had access to Sharekhan ticks.
Here i remeber J Saabs always saying ," It do not matter much what u are using rather how u are using."
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  #30 (permalink)  
Old 12-01-2010, 01:07 AM
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one fundamental question, i have been led to belive that the following two do provide tick data by virtue of NSE providing the same (that i can utilize with MD) :
1.IB
2.eSignal

Why dont you guys utilize the same?


Stumper.
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