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Re: TS2000i to IB - what is good these days?


  • Date: Sun, 06 Dec 2009 22:44:03 -0600
  • From: Abhijit Dey <omegalist@xxxxxxxxxx>
  • Subject: Re: TS2000i to IB - what is good these days?

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Jimmy,

To each his own, and it is great we have choices. I suppose people's trading evolves differently, and I personally have become less and less dependent on indicator's and such. Sure, TS, and specifically EL has many shortcomings and I have no clue why those has not been addressed. It has just not bothered me enough to look for alternatives.

And, I am cheap. Not going the eSignal route saves me $1000+ per year in fees that I would rather not spend. TS provides that for free, as far as I am concerned. I do not trade anything outside US exchanges, so that is not an issue either, in terms of data availability. And I do not want to pay for MultiCharts either :)

All I am saying is TS, at this time, satisfies my particular needs. I am sure it is not the answer for everyone's needs. Few traders I personally communicate with directly and through various boards seem to fall into my category in terms of their data and execution needs. So I thought I would mention it in case it fits Alex's needs. I have no connection to any brokerage or data vendor. Also, I am not saying all is well in TS land. I always keep IB up and use their bid/ask as authoritative during fast markets. Right after news releases, TS data lags quite often. I have to keep an eye on it. Am I happy about it? Absolutely not - it's a PITA and I am sure a deal breaker for many. Just that I heard the same complaint from eSignal users too. So...

Abhijit


On 12/6/2009 9:23 PM, Jimmy Snowden wrote:
Abbijit,

I lost more data with TS4 due to Omega then TS2ki due to all kinds of
software problems.  I spent a huge amount of time backing up and
learning how to fix data.  I was afraid with Multicharts it would be
the same.  I switched due to features and because it was so easy if
you had been running TS2ki.  Data is no longer a problem for me.

At first I used the global server to feed Multicharts.  Soon I decided
I was crazy to use it.  After all half my problem was with the GS.  So
I just imported a load of ASCII data for my tick charts and now only
use Multicharts with a part of esignal that is really esignal and the
old QCharts.  Exactly the same as regular Esisnal but had more
historical tick data.  About two to three months.  Don't know why it
varies.  But then minute and daily is huge historical data.  I have
not researched how much but years.  So if I loose all my data or want
to add a symbol it is easy.  Just type the symbol in a chart and bingo
here it comes.  So if you can live with Esignal life is much easier.
I don't spend Saturdays loading and saving.  I run all week then
Friday after noon I turn it off and back it up.  Research stocks
Saturday morning and pull up about 175 charts plus any new ones that
look good.  In no time I have my list for the week.  It is a dream.
You can rent it or buy it.  I bought it first day I heard about how
good it was.

Remember the plot limit on TS2ki.  Four plots.  Recently I worked on a
indicator that I have always wanted to build.  I had seventy plots.
Not that I wasnted to see them but it gave me the numbers in the data
window to check all my code right there on the screen.  It will
actually plot like 99 or 100 plots.

I am not connected with Multicharts or TSSupport.  It just answers all
my needs without the pain.  Plus the more that use it the more people
I can learn from.  There are some really smart people on this list and
it has helped me a lot.

Jimmy


Alex,

I have a license of MetaServer for IB, and it does what it is supposed to. I have not used it in over a year. I got myself a TS subscription, and for the price of monthly exchange data fee, and a very reasonably priced 10 r/t a month, I have the whole thing for free. Yes, you need to keep 5-10k in TS account, but the commission can actually be cheaper than IB.

I really, really like the concept of having my own copy of data, and ts2ki. I love ts2ki! But in practice, I have found it to be much more profitable, easy, and relaxing to have on-demand data on anything I like. I still have recurring fantasy trips of going back to ts2ki + MetaServer, but I usually soon come back to my senses. Actually, for this very reason I have never paid much attention to MultiCharts, in spite of such glowing reviews from venerable list members, because then I have to manage data! Yikes!

My 2 cents. But, if you must, MetaServer works just fine - just run it in a clean machine with not much else running - specially anything that likes to open or listen to tcp-ip sockets. Also, TradeBullet seems to just do order routing to IB, but not act as a data feed from IB.

Abhijit


On 12/6/2009 6:29 PM, alex@xxxxxxxxxxxxxx wrote:
Thanks. Sorry I didn't make it clear in my post, but I need TradeStation access to Interactive Brokers for intraday data, not EOD data. For EOD, I use Pinnacle.

Years ago I used the MetaServer demo to work with intraday ES, but that was 1 computer and 3 operating systems ago. Just wondered if there was anything new besides TradeBullet (which isn't practical due to requiring a subscription). Free or one-time cost is what I'm after.

I noticed something odd. I can hook up NinjaTrader to Interactive Brokers easily, and it somehow manages to retrieve a history! I didn't even know IB maintained any history. Can MetaServer enable TradeStation to do that, these days?

-Alex


On Sat, 5 Dec 2009, Rod Wheeler wrote:
I have used MetaServer RT for IB for years. It is rock solid. When I needed it, as in switching computers, support was immediate and professional.

MetaServer RT offers nothing but value IMHO.

I can't speak to the EOD thing as I trade interday.

No affiliation, blah, blah.  Your milage may vary.

Rod



----- Original Message ----- From: <alex@xxxxxxxxxxxxxx>
To: <omega-list@xxxxxxxxxx>
Sent: Saturday, December 05, 2009 9:57 PM
Subject: TS2000i to IB - what is good these days?


I mostly do work with EOD methods so I don't need to hook up TradeStation 2000i to a data feed.

However, if I need to get a feed from Interactive Brokers, what's the favored way people on this list like to use?

Metaserver RT still has a demo version that lets you work with 2 symbols.

There's also this thing called TradeBullet, but it requires a monthly subscription. Forget it. I need this capability only occasionally, so it isn't worth paying a subscription.

I thought there was another one around for free, but I can't remember the name.

-Alex


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