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  • #201
  • Jan 25, 2017 4:09am Jan 25, 2017 4:09am
Quoting goose9
Very interesting thread and the videos really help. The NQ is new to me and definitely seems to trend better than the maj currencies. I live in the UK (Scotland), could anyone recommendation any good brokers, pref UK based, to trade the NQ ? The broker Harold stated several posts ago is not based in the UK but maybe this is not an issue? The IG a/c I have allows you to trade the "US Tech 100" which is really the same thing but the spread is 1 point. From what I understand Harold is on a 1/4 point and this is quite important in the strategy ie getting...
US broker won't be a problem for you Goose9 unless there are some regulatory restrictions in Scotland which I assume aren't any...
If they offer a spread of 1 point then it is probably CFD not Futures as Harold is trading. He also uses Sierra chart for trading, so you have to decide if it is ok for you. I think they offer a limited demo for new costumers. You can find on their web page which brokers they support for live trading.
  • #202
  • Jan 25, 2017 4:30am Jan 25, 2017 4:30am
Quoting goose9
Very interesting thread and the videos really help. The NQ is new to me and definitely seems to trend better than the maj currencies. I live in the UK (Scotland), could anyone recommendation any good brokers, pref UK based, to trade the NQ ? The broker Harold stated several posts ago is not based in the UK but maybe this is not an issue? The IG a/c I have allows you to trade the "US Tech 100" which is really the same thing but the spread is 1 point. From what I understand Harold is on a 1/4 point and this is quite important in the strategy ie getting...
The best you can find in the UK for futures is Interactive Brokers, despite being American they have UK operation with bank accounts here to deposit and withdraw.
They do not offer Sierra Chart but you can get it separately at a cost of $25 per month and connect it to IB's platform as feed.
Regards
  • #203
  • Jan 25, 2017 4:32am Jan 25, 2017 4:32am
Am i right in saying OptionsXpress do not use Sierra charts?

It would be handy to know which US brokerages do and compare dealing costs.

It would be a good way to become long Cable i suppose!
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #204
  • Jan 25, 2017 4:57am Jan 25, 2017 4:57am
Just had an online chat (see bottom left corner on their homepage) with the broker Harold uses (IF).
I asked if it's possible to trade with them based in the Uk...

Hello, it sure is. In fact, we have many clients who trade here from the UK - most of whom come from a spreadbetting or CFD background.
The tick value in the NQ is .25 and the vast majority of the time you have a "1 tick bid/ask" which means great execution. In futures, the orders are executed at an exchange - not against the broker. So, the broker does not control or manipulate the spread or take the other side of the customer's trade. This eliminates a major conflict of interest that exists between many UK traders and their brokers, and is the main reason many switch to futures

The demo account does not include the NQ by default but you can request this.

I asked a friend of mine who has an Interactive Brokers account to check for NQ, he said it's listed but chart data would not show, maybe also need to pay extra for a feed?

The UK really does seem to only offer spreadbetting to the retail trader!
  • #205
  • Jan 25, 2017 5:31am Jan 25, 2017 5:31am
For Futures Brokers I can recommend Stage5 and AMP, i trade with both and they have great service and Stage5 offers also webinars and chat rooms if you are a customer of them.

Both offer a lot of plattforms and also Sierra Charts. Sierra is really a great piece of Software. It might does not look so fancy, but it's performance and what you can do with it is outstanding. You can configure about anything. It consumes very little RAM and CPU.
  • #206
  • Jan 25, 2017 6:11am Jan 25, 2017 6:11am
Quoting goose9
The demo account does not include the NQ by default but you can request this. I asked a friend of mine who has an Interactive Brokers account to check for NQ, he said it's listed but chart data would not show, maybe also need to pay extra for a feed?
Yes that's correct. You have to pay for data feed (NQ) if you'll be using Inter.Brokers. The price for single symbol (NQ) should be around 5usd/month.
  • #207
  • Jan 25, 2017 7:04am Jan 25, 2017 7:04am
i've traded this live with ib ... +1's become 0's or -1's the majority of the time on account of slippage. would suggest using transact futures they're a lot better
Become the casino
  • #208
  • Jan 25, 2017 7:07am Jan 25, 2017 7:07am
i'm uk based and it's no issue
Become the casino
  • #209
  • Jan 25, 2017 7:42am Jan 25, 2017 7:42am
So to summarize, Erasmus you use Transact Futures? (with no issues being based in the UK).
Interactive Brokers can suffer from slippage etc.
Harold is on Infinity Futures and Sniper recommends Stage5 and AMP.
and... Sierra Charts seems to be the charting package of choice.

This is a great help, I was going mad trying to find one based in the UK!
  • #210
  • Jan 25, 2017 8:03am Jan 25, 2017 8:03am
http://www.sierrachart.com/index.php?l=doc/Data.php
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #211
  • Jan 25, 2017 8:26am Jan 25, 2017 8:26am
Who are the best futures brokers in the UK.Not spread betting or CFD's..The US have such great brokers ie.Think or Swim,Tradestation etc.Any thoughts.
ado
  • #212
  • Jan 25, 2017 8:38am Jan 25, 2017 8:38am
Apologies Harold, if we have strayed off of the actual trading methodology here, for a moment, but i am also interested in moving to a US based Futures broker, available to UK based cit.

IG is probably the best SB in the UK, when you consider everything, slippage, freezing etc (all the tricks that they use to steal your money), but my single biggest gripe is their minimum stop distances.

The 'deal thru charts' would be great, if only they would allow stop placement to within a tick of actual price. I've been considering moving for this reason for quite some time and love the fact that you can simply click one button to move stop to BE etc with Sierra, thus this is quite relevant and i am hoping others might be able to give insight on this.

Are we agreed Sierra charts are the best package with this in mind (the ability to deal through the chart and to move stops to within a tick of current price)? does anyone else have the ability to do so with a different provider?
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #213
  • Jan 25, 2017 8:44am Jan 25, 2017 8:44am
Here's a good one infinity futures 3000 minimum to open acct. It's best to open acct in usa it's cheaper for you that way 6.00 a month for data feed Sierra is free commission 4.00 per lot also money is totally segregated
  • #214
  • Jan 25, 2017 8:45am Jan 25, 2017 8:45am
Quoting erasmus66
i've traded this live with ib ... +1's become 0's or -1's the majority of the time on account of slippage. would suggest using transact futures they're a lot better
Absolutely correct on slippage and I do not know why
Regards
  • #215
  • Jan 25, 2017 8:52am Jan 25, 2017 8:52am
Broker / platform, my tuppence ha'penny :

Interactive Brokers top brokerage but not for small traders (say <$25k account), as you can get much lower day trading futures margins elsewhere.

NinjaTrader Brokerage, which services many UK and other EU clients, is excellent & what I use, although Ninjatrader is not free for Live trading (I have not tried SC for many years, but NT was much better then, since when I hear SC has greatly improved, primarily by copying NT).

https://www.ninjatraderbrokerage.com/

Some serious traders use NT.

(btw, not trading today as guests over from UK, time to cook !)
  • #216
  • Jan 25, 2017 8:57am Jan 25, 2017 8:57am
Data feed is important infinity is ib to transact and they have direct access to the electronic market others use a third party feed like cqg or rithmic
  • #217
  • Jan 25, 2017 9:27am Jan 25, 2017 9:27am
jfyi I use Ninja platform with AMP using CQG feed in CA and have no real problems. I do however have a fast internet service that was recently upgraded using fiber optics.
  • #218
  • Jan 25, 2017 10:13am Jan 25, 2017 10:13am
Another Carribean session for the first hour of trading. I now Harold is not trading Wednesday's and what about others? I'm still adjusting to this trading style, so most of the time I'm in conflict with the way I trade.
I'd like to ask about situation marked on the screen. Could it be a good entry point? Till that time of a day I didn't find any good entry point. But this one on the all-time High came to my attention. I was waiting for a pullback to the marked red area with a Limit Buy. Unfortunately the price didn't go there.
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  • #219
  • Jan 25, 2017 10:27am Jan 25, 2017 10:27am
Does not look like 233 volume bars
  • #220
  • Jan 25, 2017 10:41am Jan 25, 2017 10:41am
Quoting Divergence
Does not look like 233 volume bars
This is what I get from Sierra chart paid data feed (Barchart). I just changed in Chart settings Bar Period time to Volume per Bar and then typed in the line below 233.
I mentioned few days back that the Candles looks different then yours. Did I make a wrong setup?
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