Do you would like you might use a distinct knowledge feed to your dealer account?

With daytradr, you are able to do that and extra. You’ll be able to handle a number of dealer accounts and knowledge feed connections with ease. As an example, you possibly can have an Interactive Brokers account and an AMP Futures account with a CQG knowledge feed that you should utilize for each accounts. That is no downside in any respect. You’ll be able to configure this in a couple of steps with daytradr.

The video was divided into chapters, permitting you to leap to the chapter you might be most fascinated about:

0:00 – Knowledge feed variations
1:55 –  Connection Supervisor settings
2:19 – Create a brand new connection
3:05 – Interactive Dealer settings
3:37 – Non buying and selling knowledge feeds
4:02 – Obtain symbols
6:32 – Open a D&S
7:32 – NT8 and MT5 bridge connections
8:21 – daytradr set up bridge choices
9:10 – NT8 bridge connection
11:29 – MT5 bridge connection
13:27 – Rithmic connection
15:13 – Join a dealer account to a distinct knowledge feed

Notes:

Hello everybody,

On this video, we are going to discover the subject of connections. How do you hook up with your dealer, to your knowledge feed, what’s the distinction between them precisely.

Let’s start with the information feeds, specializing in those daytradr helps.

Some futures brokers help you select from completely different knowledge feeds, corresponding to CQG, Rithmic, or Achieve. Others, like Interactive Brokers, have their very own knowledge feed, so on this case your decisions are restricted, however extra on that later.

Then you will have impartial knowledge feeds, corresponding to IQFeed. This subscription-based service gives market knowledge with out the necessity for a dealer account. It is a good choice for merchants who need a backup knowledge feed or particular knowledge that different feeds don’t have. However we are going to get into that afterward additionally.

Lastly, there are 2 various kinds of knowledge throughout the knowledge feed: stage 1 and stage 2 knowledge. Stage 1 knowledge, also called the highest of the e book, solely present the perfect bid and the perfect provide.

Stage 2 knowledge, also called the depth of  e book, exhibits all bids and presents available in the market, as much as a sure restrict relying on the information feed. Daytradr permits as much as 100 ranges of depth, however some feeds solely provide 10 ranges, so hold that in thoughts when selecting your knowledge feed.

Opposite to stage 1, stage 2 knowledge has a month-to-month value set by the exchanges.

When buying and selling with daytradr, stage 2 is obligatory for instruments such because the Depth and Gross sales and the Public sale Vista. So make it possible for whenever you open your dealer account and choose the information feed you need to use, subscribe to stage 2 knowledge, as a result of by default, this knowledge kind just isn’t enabled on the dealer facet.

Now that we’ve coated the fundamentals of knowledge feeds and knowledge varieties, let’s transfer on to the daytradr Connection Supervisor device and see how one can arrange the connections.

You open the Connection Supervisor device by clicking on this button.

Right here we’ve some connections already created and linked on the identical time, which we’ll use later.

To create a brand new connection, simply select the information feed you need from the drop-down listing.

For instance, let’s select a CQG account. We are going to give the connection a reputation, an outline if we wish, the username, the password, and the server kind relying on whether or not it is a dwell or demo account. On this case, it’s a demo account. We don’t contact the parameters. 

To attach robotically after we launch daytradr, we are able to allow the auto-connect choice for every connection. We are able to additionally select the sequence for auto-connecting when we’ve a number of connections. 

Then we click on OK, and our connection is prepared. On this case, we have already got it set, so we are going to click on on Cancel.

The connection configuration is analogous for a lot of the different feeds.

For Interactive Brokers prospects, you have to some further info. First, you have to to open IBTWS platform so daytradr can hook up with it. Then on its connection settings, you’ll have to enter the host IP tackle, the port, and the consumer ID, when used, which yow will discover in your TWS World Configuration web page.

And lastly, going again to the drop-down listing, I need to name your consideration to the next 3 knowledge feeds: TTRESTAPI, Stellar, and Bitfinex. These connections are just for accessing commerce historical past, NOT for buying and selling. You hook up with them so you possibly can ship your trades to our Journalytix platform, so you possibly can analyze your trades efficiency.

Now that you’re linked to your knowledge feed, it’s essential obtain the devices earlier than anything. You do that by deciding on the feed and clicking on Obtain Devices.

By default, you’ll obtain the most recent expiry date contracts, however you possibly can go on to the calendar and choose the months from which you need to obtain the contracts manually, for instance, let’s obtain subsequent yr’s contracts additionally if they’re already accessible.

Down right here you will have all the longer term markets accessible, and for individuals who have an Interactive Brokers account or an IQFeed subscription, you may also obtain the US shares for NYSE and NASDAQ. For these buying and selling symbols just like the ES, NQ, ZN, 6E, CL, all these commerce in one of many CME exchanges so one of the best ways to get real-time knowledge for all of them, can be to subscribe to the CME knowledge bundle all brokers have accessible, which comes with a reduction when in comparison with subscribe to every change individually. So to obtain all of the devices from CME, you have to to pick out the CBOE, CBOT, CME, CMED, COMEX, and NYMEX.

You’ll be able to choose 3 completely different modes to obtain the devices: Replace will add new symbols that aren’t within the database but, Reload will delete and obtain the symbols once more for the chosen feed, and Refresh will delete all symbols from all feeds, when you’ve got a number of, and as you join to every feed, you have to to obtain them once more.

You too can choose what sort of devices you need to obtain: shares, futures, or spreads. A be aware right here relating to spreads, we are able to solely commerce exchange-traded spreads, and solely by CQG and Rithmic.

You too can create logs if you wish to see what symbols had been downloaded and rejected in an Excel sheet.

And if Tradovate is your dealer, you possibly can obtain expired contracts, so you possibly can replay them through the use of the replay performance. Let’s allow these.

Then simply click on Obtain and wait till it is accomplished.

Now that the downloaded ended, you possibly can open any of the instruments and cargo the devices you need. Let’s rapidly open a depth and gross sales by clicking on this button. The Image search opens, the place you choose the connection, on this case, we are going to hook up with Tradovate. The instrument kind can be futures and after we write ESU, discover how we’ve contracts from earlier years, which means expired contracts. As talked about earlier, Tradovate prospects can replay these contracts through the use of the replay performance.

We choose this yr’s September contract, which is the present one being traded. The account quantity was robotically chosen after we selected the connection, the session template was additionally robotically chosen after we selected the image, and you may also select a tick compression if you would like. Click on OK, you are actually linked to your account, and let’s open the commerce window and place a few orders.

Up to now, we’ve checked out direct connections, the place daytradr connects on to the information feed.

However we even have one other kind of connection, referred to as bridge, which works with NT8 and MT5. This connection permits daytradr to attach, to not the information feed itself, however to the platform that gives entry to the information feed.

One of many advantages is that it might probably prevent cash. For instance, let’s say you utilize CQG knowledge feed, and also you need to hook up with it NT8 or MT5, and daytradr. To attach each platforms, you would want to pay the change charges twice.

Utilizing the bridge, it counts as one connection, not two.

Let’s have a look at how one can arrange this connection.

First, let’s begin with daytradr set up.

In the course of the set up, whenever you get to this window, be sure to choose NT8 or MT5, relying on the platform you utilize.

And whereas we’re right here, a fast be aware concerning the MT4 choice. Just like the TTRESTAPI connection and the others which can be just for accessing commerce historical past knowledge, the MT4 bridge connection is similar. You’ll be able to load all of your FX commerce knowledge to Journalytix, so you possibly can analyze your efficiency, however you can’t commerce FX devices.

After putting in daytradr, now you can open both NT8 or MT5.

Let’s begin with NT8, and the very first thing we have to do, apart from connecting to the information feed, which we have already got, is open a Market Analyzer, the place we’ll add all of the symbols we need to entry in daytradr. Let’s choose a few ones.

Now that we’ve our symbols, let’s open the Columns choice, choose indicator, and seek for the JTConnection. Then click on OK.

This is essential, the JTConnection indicator should be added to the market analyzer window solely, do NOT add it to the charts. 

Discover that when the JTConnection indicator was utilized to the market analyzer, daytradr began robotically.

We now can entry all of the symbols in daytradr.

When utilizing a bridge connection, we needn’t create a connection within the Connection Supervisor nor do we have to obtain the symbols. We get all of the image info and knowledge instantly by the bridge connection.

So let’s open a D&S. Within the Search Window, we click on on the Platform tab, and we see our NT8 connection. Once we click on on the image drop-down listing, we are able to see all of the symbols we added to the Market Analyzer, and we select the one we wish and in contrast to the direct connections, some issues must be chosen manually, for instance, the account, you may want to pick out your NT8 account when you’ve got a number of Journalytix SIM accounts or NT8 SIM accounts.

Additionally, take note of the session template. The default session template for the bridge connections is the CBOT, which is okay if you’re buying and selling the 10-year be aware, however should you select the ES, you have to to alter the session template to CME if you wish to see the profile for the entire day or CME Indices if you wish to reset the profile when the day session begins.

Click on OK and there you go, daytradr is now linked to NT8 through bridge, and you can begin putting your orders.

Let’s now see how to hook up with MT5 through bridge connection.

In MT5, we have to open a chart for every image we need to use in daytradr. On this instance, we’ve 4 charts, and we have to add the JTConnection Knowledgeable Advisor to every of them.

We go to the Navigator view, choose the JTConnection professional advisor, and drag it into the chart. We have to allow the Permit DLL imports and the Algo Buying and selling if they aren’t but enabled.

You’ll be able to see that as we add the JTConnection professional advisor to the charts, daytradr opens robotically.

As soon as we’ve the JTConnection professional advisor in all charts, we are able to use all 4 symbols in daytradr.

Like in NT8, we needn’t create a connection within the Connection Supervisor nor obtain the symbols for the bridge connection. We get all the data and knowledge instantly by the bridge.

Let’s open a D&S. Within the Search Window, we click on on the Platform tab, we are able to see our MT5 connection, after we click on on the image drop-down listing, we are able to see all of the symbols with the JTConnection on. We choose one of many symbols.

Afterward, be sure to choose your MT5 account. Additionally, it’s essential select the suitable session template for the chosen image since by default, the session template for the bridge connections is the CBOT. On this specific case, since we chosen CL, the session template would be the Nymex. You’ll be able to select a tick compression if you would like, click on OK and there you go, daytradr is now linked to MT5, and you can begin putting your orders.

Let’s return to the Connection Supervisor and discuss a bit extra about Rithmic.

As you possibly can see from the Rithmic connection settings, it’s much like different feeds as we confirmed earlier, and if we join as is, it would join on to Rithmic.

However there’s an choice referred to as Login through R Dealer Professional, which is a form of bridge connection that, like NT8 and MT5, permits a number of platforms to hook up with the identical knowledge feed with out incurring extra knowledge charges. 

So let’s disconnect and allow it.

In contrast to NT8 or MT5 bridge connections, with Rithmic you’ll all the time must obtain the symbols as defined earlier, even when connecting through R Dealer Professional.

To log in, it’s important to launch R Dealer Professional first, make certain the Permit Plugins choice is chosen, click on Login, and as soon as R Dealer is opened, you possibly can join daytradr.

Any more, we can be linked through R Dealer Professional connection. Let’s open a depth and gross sales. Within the Native tab we’ve our Rithmic connection, we choose a logo, click on OK, and we are actually linked to Rithmic through R Dealer Professional and able to place our orders.

Only a ultimate be aware right here, for the Days to Load on Startup you possibly can choose what number of days of your commerce historical past you need to obtain, in case you need to ship it to Journalytix platform, and the JX Solely choice is for inside use solely, so don’t fear about it. 

Earlier than we finish this video which is sort of prolonged already, let’s focus on connecting a number of knowledge feeds concurrently and a number of the advantages that it’s when utilizing a distinct knowledge feed than your dealer’s.

For instance, let us take a look at Interactive Brokers. As we mentioned earlier than, IB has its personal knowledge feed, which has some drawbacks, corresponding to solely permitting 3 depths of markets at a time, though you possibly can have 2 extra relying on the commissions you pay per 30 days, additionally it might probably restrict the quantity of knowledge we are able to request from the server, stopping us, for instance, not having the ability generally to obtain the complete quantity profile knowledge for the day and even creating footprint charts.

That is the place connecting to a different knowledge feed turns out to be useful. The setup could be very easy. You’ll be able to see that we’re linked to IB and IQFeed. Let’s open a depth and gross sales, and select IQFeed because the connection. Let’s choose ES and open it.

Let’s additionally open the Commerce Window, and choose our IB account.

The information we see right here on the depth and gross sales come from IQFeed, however after we place an order, it’s executed by IB.

And this was simply an instance. Right here is one other one.

You’ve 2 brokers’ accounts, one with Amp Futures and one with Interactive Brokers. In order for you stage 2 knowledge on each accounts, you’ll have to pay the CME knowledge charges twice, one for every. Some merchants may want this in case one feed fails, however others may discover it pointless, to allow them to simply subscribe to stage 2 knowledge in AMP Futures and use that feed in daytradr after they need to place trades in IB

So right here we’ve 2 depth and gross sales, utilizing the identical knowledge feed, on this case, CQG, however linked to completely different dealer accounts. Once we place an order on the left facet, the order is executed through AMP Futures, and after we place an order on the correct facet, the order is executed through IB.

In abstract, some concerns must be made relating to the information feed and the kind of knowledge we have to subscribe to, however aside from that, it’s tremendous straightforward to create and handle a number of connections in daytradr.