What's my most economical option for building screen time using market replay and MP?

[Reaver]

This is what I propose: I am in the process of making the long transition of going from using EOD charts and trading longer term to attempting to focus more on Auction Market Theory, MP and a day trader time frame...

What I plan to do is come up with a way to use a market replay feature so I can come home and replay tick charts and short term bars/candles along with MP.

Since I won't actually be using the data in real time, I was hoping there may be a more economical option that having to pay for real time data and MP.

I also definitely understand that it's a whole new ball game when one is actually day trading vs just building screen time (It works the same for swing trading and papertrading LOL).

But at this point I figure my best bet is to just do some serious market replay when I get home and just get screen time and build an understanding through application.

I was wondering if anyone knew any economical ways of doing this?

I asked a version of this question before, but I wanted to be more specific with this one.

Summary:

I want to come home from work at night and spend time doing replays of tick/short term data of the previous trading day using Market Profile and volume data. Trying to keep from having to go all out on data expenses...

Thanks a million in advance. End Of Day data is much more simple, and I just get a little confused with what I actually need to accomplish my goal of building up screen time.

[Reaver]

Okay I am looking into Opentick, seems it works with Sierra charts on CBOT minis for free...I am gonna check it out when I get home. Either that or open an account with Interactive Brokers or Open E Cry and just not trade...I know IB only charges $10 a month for data on an inactive acct, but I am worried OEC will close my account if I don't trade......Does anyone have any experience with that?

[walterw]

	Quote:	Reaver
	Okay I am looking into Opentick, seems it works with Sierra charts on CBOT minis for free...I am gonna check it out when I get home. Either that or open an account with Interactive Brokers or Open E Cry and just not trade...I know IB only charges $10 a month for data on an inactive acct, but I am worried OEC will close my account if I don't trade......Does anyone have any experience with that?

One detail Nate... opentick historical ticks are not the same to real time... lol Walter.

[Reaver]

yeah of course, but is the historical data not broken down into ticks?

If I was trading real time, I would dish out the money...but all I need is data to replay at night to get screen time.

Am I stupid or something? Just trying to figure out what I should do..I don't want to spend $500/mo on market replay data, you now? lol

[MrPaul]

Open an IB account for data, then with SierraCharts for replay. IB will not close an inactive account, only charge the monthly inactivity fee.

[Reaver]

Thanks Mr Paul.

[torero]

I think Ensign Software has replay as well and I know for a fact they have MP included in the software but not sure if they have it in the replay. I used this alot in the past, it's pretty cool because you can set all kinds of indicators and timeframes you want. I just never used MP until recently.

[Reaver]

Thanks for the info Torero.

I found TradeMaven last night and am going to check it out when I get home from work....it has MP and volume analysis and market replay accoring to the ads...does anyone have any feedback on it?

[Fibtrader]

TradeMaven is one of the best programs for practice and actual trades. They have an excellent replay which will allow you to practice on past data. The first month is 1.00 after that I believe you can use their software for 49.00/mo. They also have a sim mode that uses real time data for the current day. This will allow you to place trades in real time in a simulated account. Strategies can also be programmed into the software. Their service is excellent, (they answer the phone within 2-3 rings). They are also a clearing house for trading. The training videos are excellent as is the manual. Every experience I have had with them has been positive. You can also open an account with as little as 2000.00, although I would recommend more. An under capitalized account is a sure way to lose money. They also offer MarketProfile as an add on. If you sign on with them try some of their free online seminars. Can't go wrong for for a buck.

[Reaver]

	Quote:	Fibtrader
	TradeMaven is one of the best programs for practice and actual trades. They have an excellent replay which will allow you to practice on past data. The first month is 1.00 after that I believe you can use their software for 49.00/mo. They also have a sim mode that uses real time data for the current day. This will allow you to place trades in real time in a simulated account. Strategies can also be programmed into the software. Their service is excellent, (they answer the phone within 2-3 rings). They are also a clearing house for trading. The training videos are excellent as is the manual. Every experience I have had with them has been positive. You can also open an account with as little as 2000.00, although I would recommend more. An under capitalized account is a sure way to lose money. They also offer MarketProfile as an add on. If you sign on with them try some of their free online seminars. Can't go wrong for for a buck.

Funny, as my experience with them wasn't anywhere near that nice. I actually gave them two chances appx six months apart.