picking up my new trading computer, can't wait | Page 4 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The human brain can recognise patterns faster than a computer 8 replies

Can I control my main PC using a 2nd and 3rd computer? 5 replies

please help, can't login live account in another computer. 6 replies

what can a broker actually read from your computer? 2 replies

Can NFA fine brokers for computer glitch? 0 replies

Attachments: picking up my new trading computer, can't wait
Exit Attachments

picking up my new trading computer, can't wait

  • #61
  • Nov 4, 2014 1:50pm Nov 4, 2014 1:50pm
Quoting Adal
{quote} I'm sure you're just making fun, but I'm small potatoes. The US stock market produces 1 TB of data PER DAY. Hedge funds have much more that than me at their disposal
Yeah just teasing I am sure you are much smarter than me, I don't even no how to store the data let alone how to make use thereof. I don't think all my computers together have 100 GB of stored data including Windows etc. I delete most things as soon as I have seen or read it.

Trade well !!
When all conditions are met - Enter trade - sit back and FRET !!!
  • #62
  • Nov 5, 2014 6:46pm Nov 5, 2014 6:46pm
Quoting PoundTrader
thank you, money must come first everthing else falls in line
I want to laugh at this statement, but I actually believe it very much. I think it is very true...
Please check out my blog at https://from-zero-to-hero . net
  • #63
  • Nov 5, 2014 6:50pm Nov 5, 2014 6:50pm
Quoting joelmusicman
Ok, so I took a look at the components and there are quite a few bizarre choices. I picked everything listed in the specs (I had to guess at specifics but went high end for the most part), and built a cart in Newegg: Xeon E5-2687W x2: $4299 Z9PE-D16/2L: $374 RAM: Crucial 16GB ECC Ram (x4) $719 SSD: Samsung 850 Pro 1TB (x2): $1319 Spinning Rust: Western Digital RE 2TB (x2): $319 Video: GTX 770 (4gb): $319 Blu-Ray: Pioneer 16x: $65 PSU: Corsair 1000w: $229 OS: Win 7 Pro OEM: $139 Case: HAF X: $165 ($20 MIR I won't even worry about) Total of the cart...
Oh oh, I just read this post. Thank you very much Joel for posting this. I f*ing love Newegg. They are the best!!!!! I mean, literally, THE BEST.

If Joel says there is a $4,500 markup on the $12,999 computer and CPU package, then I would say... that is pretty significant. That is ALMOST 50% markup. If I were really interested in having this computer setup with 8 monitors (which I totally am interested in, and will buy AS SOON as I get the money for it!), I would buy it from Newegg instead and have a friend build it for me.
Please check out my blog at https://from-zero-to-hero . net
  • #64
  • Nov 5, 2014 6:53pm Nov 5, 2014 6:53pm
Quoting Adal
{quote} You are aware that those $13K are WITHOUT the stands and monitors, right? Those 8 27" monitors and stands are going to cost at least another $3K, pushing you to $16K. My system cost me around $6K WITH the 12 monitors (albeit 24", not 28") and the 2 stands. It's a i7 4470 with 32 GB (but not ECC), with 2 x 4 TB HDDs and one 240 GB SSD. Yes, each of your components is marginally better, but is it worth to pay twice the price for a 10% improvement (CPU for example)? Especially since MT4 can't use more than 1 core. Be aware that generally to...
This is very interesting post. Sorry, but I am catching up on this thread now...

Can you please expand, Adal, why MT4 cannot use more than 1 core? I am very interested in this, as I am using a (at least I thought) quad-core i7 CPU laptop...
Please check out my blog at https://from-zero-to-hero . net
  • #65
  • Nov 5, 2014 6:57pm Nov 5, 2014 6:57pm
Quoting Adal
I receive 60 GB of level 2 FIX messages from FXCM daily, 20 GB from FXOpen, 2 GB from LMAX, 1 GB from Dukascopy, 1 GB from MB Trading, 1 GB from OANDA. In total I get around 85 GB of new level 1 or level 2 tick data PER DAY. I would consume those 6 TB in around 3 months Of course, to avoid that, I highly compress the data, so I only really need around 5 GB per day, which would make those 6 TB last for around 4 years. I already have 1 TB of highly compressed financial data, not only ticks, but also news articles or stuff downloaded by my web-crawlers...
That's pretty ridiculous, dude... I mean, do you even know how ridiculous that is?!

Not trying to be rude or whatever, but I mean, I thought I was weird for holding onto like 500,000 e-mails over the last 10 years or so, but this takes the cake.

What is the point of it?! I mean, I'm a good, or at least decent, trader too, but I still don't see the point of this. And I build systems and backtest them too, but why on earth would you need all that data? I find about a week to a month of history is good enough for backtesting... that's all I need. Anything more than that is just excess...

PS: Why do you need all that DIFFERENT data from DIFFERENT brokers? I mean, do you really consider the DIFFERENCE, THAT MUCH??? Between the brokers? Are you measuring discrepancies between brokers? What on earth could you possibly be doing with that much historical data?!?!?!
Please check out my blog at https://from-zero-to-hero . net
  • #66
  • Nov 6, 2014 5:39am Nov 6, 2014 5:39am
Quoting smash1820
{quote} This is very interesting post. Sorry, but I am catching up on this thread now... Can you please expand, Adal, why MT4 cannot use more than 1 core? I am very interested in this, as I am using a (at least I thought) quad-core i7 CPU laptop...
Do a backtest. You'll see that the CPU usage goes to at most 25% on your computer. MT4 is unable to use more than one core.
  • #67
  • Nov 6, 2014 5:42am Nov 6, 2014 5:42am
Quoting smash1820
{quote} That's pretty ridiculous, dude... I mean, do you even know how ridiculous that is?! Not trying to be rude or whatever, but I mean, I thought I was weird for holding onto like 500,000 e-mails over the last 10 years or so, but this takes the cake. What is the point of it?! I mean, I'm a good, or at least decent, trader too, but I still don't see the point of this. And I build systems and backtest them too, but why on earth would you need all that data? I find about a week to a month of history is good enough for backtesting... that's all I...
Have you heard about HFT?

And having DIFFERENT data allows me to do this (notice the huge OANDA news spreads):

http://fwd.pics/f/live_tick_news_1.png

or this (notice the forex.com delayed feed):

http://fwd.pics/f/gain_bad_feed.png

But the most important reason is so that I can add all the level 2 data together and look for imbalances in the order book.
  • #68
  • Nov 6, 2014 6:01am Nov 6, 2014 6:01am
Quoting Adal
{quote} I receive 60 GB of level 2 FIX messages from FXCM daily, 20 GB from FXOpen, 2 GB from LMAX, 1 GB from Dukascopy, 1 GB from MB Trading, 1 GB from OANDA. In total I get around 85 GB of new level 1 or level 2 tick data PER DAY. I would consume those 6 TB in around 3 months Of course, to avoid that, I highly compress the data, so I only really need around 5 GB per day, which would make those 6 TB last for around 4 years. I already have 1 TB of highly compressed financial data, not only ticks, but also news articles or stuff downloaded by...
I won't argue about if someone really needs gbs of data per day. I don't even know exactly what data you mean since I imagine 1gb of any data non-visual data is a gigantic amount, more than any person could handle in a day, but maybe I'm wrong. But the other question that pops up is: why would you need to collect all that data for years?
  • #69
  • Nov 6, 2014 6:09am Nov 6, 2014 6:09am
Pff, this is nothing. I consume about 1 TB of data EVERYDAY.
  • #70
  • Nov 6, 2014 6:11am Nov 6, 2014 6:11am
Quoting Honk
{quote} But the other question that pops up is: why would you need to collect all that data for years?
So I presume that you wouldn't have a problem if all your charts stopped at 1 Jan 2014, because you never look at a weekly chart, and you never run a backtest over more than a year.

Quoting Honk
{quote} I won't argue about if someone really needs gbs of data per day. I don't even know exactly what data you mean since I imagine 1gb of any data non-visual data is a gigantic amount, more than any person could handle in a day, but maybe I'm wrong.
I'm talking about level 2 data, which allows you for example to view the market like this:

http://www.nanex.net/aqck2/20121217.945.ES.png

http://www.nanex.net/aqck2/4401/20130827.ES.U13.2.gif
  • #71
  • Edited 5:13pm Nov 7, 2014 3:16pm | Edited 5:13pm
Quoting Adal
{quote} Have you heard about HFT? And having DIFFERENT data allows me to do this (notice the huge OANDA news spreads): {image} or this (notice the forex.com delayed feed): {image} But the most important reason is so that I can add all the level 2 data together and look for imbalances in the order book.
I know a little bit about High Frequency Trading (HFT), although I've never done it before... but I have daytraded lol

I imagine HFT as getting in and out of a trade within about 1 second or even 1 millisecond (much like arbitrage)... and I personally think it would work a lot better on stocks, ie: US equities, because the Level II is more transparent and accurate, than it is from the limited-partial view/data feed that your FX broker may provide you with.

To be honest, I don't even know where to get a LII feed in the FX world anymore these days...

And even if I could get my hands on one, I still wouldn't use it...

I guess I still don't understand WHY you need this much data? If you are developing a HFT trading algorithm (a bit beyond what I am trying to develop, bc I make NO claims that my algorithm will be able to HFT)... then you should be focusing on the most minute (ie: tiny) pieces of information that I just don't see the point of even using Weekly or Monthly charts or really testing anything beyond Daily TF.

The only statement that makes sense to me is, "But the most important reason is so that I can add all the level 2 data together and look for imbalances in the order book", which is all fine and dandy, but that is not at all easy to do -- NOR the easiest (or best) way to trade -- and as much data as you may have, it is still only a small fraction of the total amount of data that's actually out there.
Please check out my blog at https://from-zero-to-hero . net
  • #72
  • Nov 7, 2014 5:23pm Nov 7, 2014 5:23pm
Quoting zamfir
Pff, this is nothing. I consume about 1 TB of data EVERYDAY.
I will ask this same question to YOU then, instead of Adal.

What do YOU use the data for? Also, please do not forget to mention, HOW does it help (ie: improve) your trading?
Please check out my blog at https://from-zero-to-hero . net
  • #73
  • Nov 29, 2014 10:38pm Nov 29, 2014 10:38pm
You guys are loaded! And here my wife thinks I'm overspending.

I7 4790k with all the goodies worth >$1700 bot @ $900.
Built (but sold already) 6 multi monitor set up for $500.
bringing my wife to read this thread = PRICELESS......
  • #74
  • Last Post: Dec 1, 2014 1:52am Dec 1, 2014 1:52am
Quoting eraptheman
You guys are loaded! And here my wife thinks I'm overspending. I7 4790k with all the goodies worth >$1700 bot @ $900. Built (but sold already) 6 multi monitor set up for $500. bringing my wife to read this thread = PRICELESS......
0 traders viewing now