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Old 07-14-2007, 12:30 PM   #9

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Re: Review of Open ECry (futures broker)

Glad to hear the bonds and e-mini spikes are fixed Cooter! When I first learned about them (from you) and as I was considering moving to OEC, this became a potential issue for me as well and I'm glad the problems are resolved.

It's my understanding there's quite a bit on the plate for future OEC dom releases. I constantly provide feedback and ideas to improve the software and I would suggest you do the same. OEC is open to ideas and that is a good thing. I currently suggested they strongly considering working with TraderDNA and it looks like it might get done. If all goes as planned, you could have access to the TraderDNA reports w/o having to do ANY work on your end as the two api's would just talk to each other. You just go pick up your reports! I would LOVE to see this implemented and soon. I think that for the serious trader, having these fantastic reports constantly available would be a great thing.

Here's a thread on TL about it: http://www.traderslaboratory.com/for...rdna-1780.html

Like I said, it's not a done deal yet, but I think OEC sees the value. I also do not know what fee(s), if any, would be involved. I personally can see the value of this b/c it takes analyzing to a whole new level and would gladly pay if I had to in order to get the reports.
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Old 08-09-2007, 07:51 PM   #10
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Re: Review of Open ECry (futures broker)

Finally! Some long awaited upgrades are due for the next iteration of the OEC Trader platform after COB this Friday.

Quoting the e-mail announcing the mandatory upgrade for their customers:
Quote:
In anticipation of Open E Cry's release of OEC Trader Version 3.1.1.0 , we need to inform you that when you login after 5:30PM EST on Friday, August 10, 2007, you will be prompted to perform a mandatory upgrade.
Open E Cry is committed to bringing you industry-leading technology. Our trading software has the speed you desire, the reliability you deserve, and with the release of OEC Trader 3.1.1.0 , our functionality takes your trading to the next level!
  • Direct market access to Euronext.liffe.
  • Different symbols and sides for OCO orders.
  • Advanced orders, like Trailing Stop, can be a part of OCO.
  • MIT (Market-if-Touched) order type added.
  • OSO (One Sends Other) order type added.
  • Multi-Legged Brackets added.
  • Histogram button now available in Charts.
  • New drawing tools:
    • Fibonacci Arcs
    • Fibonacci Retracements
    • Fibonacci Fans
    • Gann Line
    • Gann Fans
    • Andrew's Pitchfork
  • Object list dialog to manage placed drawing objects.
  • All line-based drawing tools can be used in Alert expressions.
  • Time controls:
    • Automatic and custom time intervals.
    • Optional alignment by start session time.
    • Switch between time zones.
  • Multiple contracts on one chart.
  • And more...
It'll be interesting to see how their implementation of multi-leg brackets compares to the Transact (Inffinity) AT platform for ease of use and flexibility.

Also the MIT (market if touched) order type is another feature requested by many users as well.
 
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Old 08-10-2007, 12:56 AM   #11

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Re: Review of Open ECry (futures broker)

If nothing else Cooter, it is nice to OEC constantly working and improving on their software. And for something that is FREE, I think it's impressive.
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Old 08-10-2007, 01:18 AM   #12
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Re: Review of Open ECry (futures broker)

Indeed. There's a cost for everything, I suppose. But at least the folks at OEC made the effort to improve their product. Connection is rock-solid, unlike the AT platform, so I can't complain. Let's hope the actual product exceeds expectation.
 
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Old 08-20-2007, 01:31 PM   #13

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Re: 8/20/07 General Trade Log / Idea Sharing

Abe,
How do you like those Open ECry charts and software? I think the charts could use some work, but the DOM is what I mainly use it for.
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Old 08-20-2007, 02:15 PM   #14

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Re: 8/20/07 General Trade Log / Idea Sharing

Quote:
Originally Posted by brownsfan019 »
Abe,
How do you like those Open ECry charts and software? I think the charts could use some work, but the DOM is what I mainly use it for.
The charting has many positives. It is better than Sierra IMO. I like how they mark each candle where you entered and exit a trade with an arrow. That gives me a general picture of my activity when I look at the chart and it makes it very easy to find my trades when I'm annotating it on SnagIt.

But the pivots do not seem to agree with the pivots from http://www.tradesignals.com/pivots/.

The chart trading is excellent. Now I can easily enter a trade and place a stop order, and easily adjust the stop from the chart. That is much better than how I traded before.

I tried DOM for the first time but was having trouble adjusting to it. I would like to find a method to enter a trade with 2 contracts, and then scale out one contract after 10 points. That is done from the DOM I think but I need some time to learn it.

The software seems good. I'm still adjusting to it. My first impression about OEC is that they have good technology, and they designed a very good trading platform, considering that there are no platform fees. And unlike Tradestation, OEC offers paper trading.
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Old 08-20-2007, 02:23 PM   #15

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Re: 8/20/07 General Trade Log / Idea Sharing

Abe,
I agree, the OEC package is nice. The fact that it's free is just even more reason for any trader to consider doing business there. I totally forgot about trading from the chart b/c I do not use that, but you are right - that's a very nice feature if it fits your style of trading.

Glad you like it and see some potential there. As I said, there should be no reason in today's technology to have problems managing your trades due to a software issue. That's not acceptable to me.
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Old 08-20-2007, 04:25 PM   #16
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Re: 8/20/07 General Trade Log / Idea Sharing

Quote:
Originally Posted by brownsfan019 »
Abe,
How do you like those Open ECry charts and software? I think the charts could use some work, but the DOM is what I mainly use it for.
How do you like the new DOM and price ladders features with the ver 3.1.1.1?
 
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