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Thanks Earl!!!!!!
Earl's glowing evaluation of Quote.COM's QCharts came at a time when I was
in a frustrating trial period with Signal. I was trying to use Signal with
Metastock Pro and kept losing my connection. Bars were missing from my
charts, making it all worthless. So I gave them both the boot and signed up
for Quote.com. Other than missing drawing tools, I love it! The TA tools
are better than Signal. And QFeed feeds into my Excel chart that calculates
Fib at the same time I'm running charts. And it hasn't missed a beat yet...
no lost connections. Even the price was right!
Wish everything were this easy!
Linda
linda@xxxxxxxxxxxxxx
Climb the mountains & get their glad tidings: Peace will flow into you as
sunshine into flower; the winds will blow their freshness into you & storms
their energy, & cares will drop off you like autumn leaves. John Muir 1838 -
1914
-----Original Message-----
From: Earl Adamy <eadamy@xxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Monday, March 29, 1999 3:31 PM
Subject: Future of trading data/software
>Some of you will remember that last year I embarked upon a journey away
from
>what I considered to be poor quality, poorly supported Omega products. I
>thought I'd found something better in TradeLab but it was repeatedly
delayed
>and in due course, with the millennium approaching, I moved on to evaluate
>other products. In the course of that journey I tried internet based data
>feeds and software and found them wanting (to be charitable). I also tried
>quite a bit of software I'd never looked at before. In due course, I
settled
>on DTN satellite and Ensign, however my HOA forced me to get rid of the DTN
>dish and then my cable company dropped CSPAN2 which carried DTN cable.
>Having considerable confidence in Ensign and quite a large body of custom
>Ensign trading code, I looked around for an Ensign compatible data feed and
>my only remaining choice was Signal On-Line real-time. Not only was SOL
>considerably more expensive than DTN satellite/cable, but I found the
>customer service to be atrocious and no delayed quotes are provided for any
>exchanges for which I do not hold real-time exchange agreements (over $200
>month for all futures exchanges). Ensign/SOL does provide 3 days of tick
>data which can be used to fill in gaps or initialize a chart, however this
>is not enough to get a 40 or 60 minute chart up to speed and historical
data
>beyond the 3 days is not available.
>
>Through a combination of circumstances, I recently looked at quote.com's
>QCharts/QFeed service. I was really turned off by no response to several
>questions I e-mailed to quote.com "support" but several users kept saying
>how great the service is so, I persevered and signed up for the $80 month
>QCharts service. The internet data feed (called QFeed) includes real-time
>indexes and delayed feeds from all major exchanges. Wanting to get the best
>possible feel for the future of this kind of service, I decided to try the
>QCharts 2.1 beta software in lieu of using the existing 1.0 version - the
>beta software version is available to all subscribers.
>
>WOW! Imagine a data feed where you never have to worry about the data - all
>data for all symbols in all time periods is available on demand. When the
>charting software (QCharts or any QFeed compatible software) asks for a set
>of bars, the QFeed servers deliver them on demand in sufficient quantity to
>fill the chart from left to right and scrolling left delivers more bars.
For
>example, my "Indexes" layout includes charts for several different symbols
>across 1/2/9/45 minute and daily time frames all updating in real-time as
>each bar is completed as well as a quote page with the latest prices. Tick
>charts are available, however multi-tick charts e.g. 20 tick bars are not
>(yet) available. The QC status bar shows which QF server is being used and
>the delay to hundredths of seconds in receiving quotes. If one QF server
>has trouble or the connection degrades, QF is programmed to switch to
>alternate QF servers. If you lose your ISP connection, you will get a fresh
>set of charts when you log back into QF. The QCharts software I'm using is
>not browser based, is extremely well-designed, and is very easy to use.
>Although it still lacks a few features (drawing tools and custom studies)
>which many traders will want; I would expect to see these features in the
>not too distant future. The QFeed included with QCharts provides the
ability
>to access the data feed directly from many development languages including
>VB and the QLink utility enables Excel to use the data feed for real-time
>calculations.
>
>As an indication of performance, I have a currencies layout which includes
a
>quote page with front and next contracts for the major currencies, 5 minute
>chart, 40 minute chart and daily chart. With the June DMark displayed,
>clicking on the June Yen in the quote page reloads the bars in all 3 charts
>with data for the Yen in about 7 seconds. Switching from my Currencies
>layout to Indexes layout which includes two quote pages, June S&P 2/9/45
and
>daily charts, June E-Mini 1 minute chart, and premium chart, required about
>15 seconds before all charts were loaded with bars. I've got a full load of
>apps open on my "ancient" p133 with 128 meg running WinNT 4: SOL Data
>Manager (7 meg, 2% CPU), Ensign32 (18meg 8% CPU), QCharts (29meg, 8% CPU) +
>other apps including TextPad, Ecco, Outlook Express, and SuperCharts 4 EOD.
>The memory and CPU usage shown for the real-time apps are for comparable
>index layouts. Task manager is consistently showing 75% CPU idle and 80 meg
>of unused physical memory.
>
>Is QCharts/QFeed the be all and end all? Not yet, anyway, but it certainly
>shows where the future is going in trading software and data feeds. And
that
>future is not in data feeds costing $2000-4000 annually (without data
>refresh or exchange fees) or in high priced stand-alone software behemoths
>requiring the fastest available processors and prodigious amounts of
memory.
>Based on the improvements I've seen in internet data feeds and software
>during the past 12 months, I would expect to see several extremely powerful
>internet based datafeed/software combinations available within 6 months at
>very modest monthly cost. I would not look for these products from the
major
>established data feed and software vendors.
>
>Earl
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