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I have recently been through a bout of internet problems with my primary
ISP, backup ISP (both dialup), my broker's backbone connection, and
intermittent problems on the sprint backbone itself. Therefore your question
comes at a time when internet problems are freshest in my mind and the
answer in a nutshell is "no" I would not switch back to DTN/Ensign or
satellite/anything even though I was overall quite happy when using it.
Actually, my primary ISP is generally pretty reliable, the broker's backbone
problem was the first problem I can remember in a very long time, and the
internet backbone is generally pretty decent with very little latency. My
needs are simple: I want data on demand in any timeframe, I want data where
I want it (office, deck, etc.), I want data when I want it without advance
planning, and I want a simple set of charts and drawing tools. There is
nothing I have found which does a better job for me day in and day out than
QCharts/QFeed combined with an internet connection to my broker with good
phone backup.
When I used satellite, thunderstorms regularly knocked out my data feed and
data was lost if my computer was not ready to receive it due to technical
problems (rare with Windows NT but still happen). I also went through
several satellite boxes leaving me without data for several days each time.
I therefore had to build a complete infrastructure and routine dedicated to
identifying and filling in gaps in data. Further, the satellite feed dropped
20-30% of ticks so I had to build an infrastructure to rebuild my data files
from CME tick data. When I did have a data loss during the trading day, the
day was shot because I had to wait for the end of the trading day to collect
the missing data. And the satellite latency was longer than internet
latency.
No, the internet is not perfect but there is no way I would give up what I
have now.
Earl
----- Original Message -----
From: <Austowne@xxxxxxx>
To: "Earl Adamy" <eadamy@xxxxxxxxxx>
Cc: <realtraders@xxxxxxxxxxxxxxx>
Sent: Sunday, August 12, 2001 3:52 PM
Subject: Re: [RT] Tradestation Pro
> Earl,
>
> As maddening as these guys can be, I was one of those newbies years ago
who
> thought the road to riches began with TS, Easy Language and real time data
> with BMI. Over the years, of course, I developed my own style, and got to
> the point where I did not and do not use 99.99% of TS's features, but
became
> quite comfortable and reliant on it's drawing features (if you believe
it).
> Together with a 3rd party application which I find useful at times
(Drummond
> Geometry numbers -- specific for Omega), I have been "compelled" to stay
> within the family and search for an alternative to BMI (which I had been
> vowing to do for some time). A current incarnation, Pro, has only
recently
> (in last month) offered futures data in its package, and has had a hellava
> time getting it right. I "trust" these glitches are simply the inevitable
> initial bugs, although better quality control before and after the fact
might
> have been/be useful. My emails in this regard have gone unacknowledged.
I
> did get a quick phone call a few days ago though, saying a problem had
been
> referred to the engineering dept (an email would have been documentation
of
> the problem and therefore not advisable from Omega's standpoint).
>
> I have sitting beside me unopened boxes with TS 2000i and the satellite
> equipment from DTN. The ease, convenience and features of internet based
> data, however, has urged the rational/expedient side of me to try and
> optimize my current situation before going out in 100 degree weather to
sink
> a post for a dish. I currently use a dial up internet (Earthlink) service
> and am constantly losing connections. I have cable available to me, so
this
> might be a first step, although I am not convinced, given the fact that
> usually internet "noise" is distal to the cable connection: out there in
node
> land.
>
> My question to you is if you had the opportunity to go back to DTN for
your
> real time data, would you do it? My prejudice says to avoid the internet
as
> much as possible. I keep a separate computer with my PMBe brokerage
account
> and that has been the extent of my online experience till now. The uneasy
> alliance between software and hardware generates enough errors in the form
of
> illegal or fatal operations as it is. Having the internet involved in
this
> process just makes the probability and resolution of these hassles that
much
> greater, and the stakes that much higher -- not the type of enviornment
one
> wants when trying to focus on the task at hand: making the proper trading
> decision.
>
> Dave
>
>
>
>
>
> In a message dated 07/11/2001 5:00:48 AM Pacific Daylight Time,
> eadamy@xxxxxxxxxx writes:
>
> In one word, my advice would be to ... run! (Away!) The Cruz brothers, in
> their various incarnations, have been sitting on a 3 legged stool for
years:
> sell an expensive product to newbie traders who are prohibited from
> reselling the product when they burn, poor product quality (lots of bugs!)
> and support, and digging new wells while leaving the old customers behind.
> The best that I can say for them is that they are survivors (OMGA > TRAD)
> who have provided a product which has been profitably used by a small
number
> of traders.
>
> These are not the people I would trust with my futures order execution,
much
> less with a futures account which is not guaranteed or insured by a third
> party! FWIW, the CFTC publishes a report and spreadsheet quarterly with
the
> account/asset ratios of all Futures Commission Merchants so you can check
to
> see where they stand relative to the 4% minimum requirement. With this
> economy getting ever rockier, I would be very careful about where my
futures
> account is held.
>
> Earl
>
> ----- Original Message -----
> From: <Austowne@xxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Tuesday, July 10, 2001 11:23 PM
> Subject: [RT] Tradestation Pro
>
>
> > As a BMI/TS 4.0 refugee, I'm looking around at the options. I've always
> > figured I'd end up with DTN/TS2000i. but recently Pro was released --
> > packaging software, data and brokerage into one integrated unit at a
price
> > tough to refuse. Up to now I've kept the 3 entities separate and
eschewed
> > internet based data in favor of cable or satellite. This one stop
> shopping
> > concept seems a little too slick, but perhaps I should give it a look.
Is
> it
> > too new for anyone to have had any meaningful experience with it
(futures
> > trading)?
> >
> > Dave Austin
>
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