[smwinc]

Hello,

Anyone out there use CQG as their primary charting application?

Currently switching over to it in the office.

It is heavily used institutionally, but I can't seem to find much of a community as far as examples where the API has been used, custom indicators, etc.

Interested in other's opinions of the software.

We are switching over from predominantly using Esignal. CQG has the premium data quality and reliability, but you pay premium for it.


SMW

[smwinc]

No one uses CQG!?

[treadstone]

You pretty much summed it up already.

Fantastic data, flawless and reliable. Put it side by side with esignal or DTN IQ or IB or Transact etc and you will see the difference on an intraday basis.

At $600 a month however, it's not aimed at the average (read unprofitable) retail trader.

[cborjon]

It is by far the best charting system out there. I used it exclusively when I was working with an institution - and sorely miss it.

[Soultrader]

I started using CQG recently. It is by far the best charting platform I have ever come acrossed. I never even understood EL for TS but creating studies, conditionals on CQG has been a piece of cake.

You get what you pay for. CQG can run up to $2,000 per user /month depending on what you need. But definitely worth the price imo.

[brownsfan019]

Originally Posted by Soultrader »

You get what you pay for.

James,
While I would agree that CQG is a nice platform, the 'get what you pay for' thing does not always apply in futures.

Example - depending on what the person needs to trade, the charting that an Open Ecry, Infinity, etc provides can be more than enough and free. It does not mean you are using an inferior product, it means you do not need what CQG offers and charges for.

Any trader considering a package as expensive as CQG should make sure that they NEED this. An expensive charting package does not equate to being a good trader. Keep that in mind.

[torero]

I agree with BF on that. When you have such high expenses, you either make more than that to offset, that means you must be trading large positions. If you're experienced in making year in year out, the costs I assume are reasonable but for beginners or someone who needs little, it's overkill.

[smwinc]

Yes, if you're still progressing with your learning as a trader, the last thing you want to do is increase your variable/fixed costs.

Let's be real here. Imagine you were jumping out of an aeroplane tomorrow, and you're buying your parachute gear today. Do you go to Wall-Mart, and buy the cheapest brand, super-basic, 'generally works' parachute gear? Or do you get the worlds best, most reliable, safe as possible, gear?

I use TT & CQG. They are both expensive, but I can 100% rely on them. If something goes wrong, I can call someone who knows me personally, to fix it, NOW.

$2,000 / month is a lot of money, but keep it in perspective. It's less than the median salary in many countries. If you are an experienced trader, and making less than the median salary, something is wrong here.

Last night was a very nice day in the markets. I have a backup account with TransAct Futures, and received an email that they were having data outages right on the US Session open.

I was notified 42 minutes later (to be exact) that the TransAct data issues were resolved.

In the space of those 42 minutes, we had a 15 point move up off the open in the S&P e-mini. On 10 contracts, you just paid for nearly 4 months worth of data fees with CQG. Or worse, if you were trading with TransAct data, think about how much you might have lost if you were in a position.

I rarely use anything sophisticated in CQG - I'm paying for reliability.

Like any business, if you are always trying to cut costs, and choose the cheapest option, it WILL come back to bite you.