brownsfan019

I agree. Trading is hard enough as it is to then also have to be working against your broker to make money...

What are you trading or planning to trade? A few of us here use Open ECry for futures trading and they are getting into stocks/options and also have forex. You can download a demo version and give it a test drive.

It's 15 bucks. Buy it and let us know what you think about it.

There are some good threads in the OEC sub-forum as well.

It's been a few years now I think with OEC. I can't remember the exact time I switched over, but it's been quite awhile and have not shopped around in recent memory if that helps. Number of trades per day for me can vary greatly based on what is going on. The DOM is nice and has come a long way as well. You just have to spend some time clicking around, taking a look at all the options and customizing you can do and then demo it in real-time to get a feel for it. If you just need a simple DOM, I think what they provide will suffice.

Only 20-40% per week? That's probably why no one is downloading - who wants those horrendous returns? Maybe people visiting your site realize that 20-40% per week is not sustainable, achievable, realistic, etc. etc.

I have an idea - and it's game changing so hang on -- If you trade the contract w/ the highest volume, you can never go wrong. A quick glance at your platform can tell you in a matter of seconds, at most 1 minute. So to end this once and for all, I propose that if you simply watch volume and trade the contract w/ the highest volume, you will always be trading the best contract available at that time. Please remember to say thanks for this Earth shattering post.

I use OEC and trade for a living. Ask any questions you want to ask. I came from using T4 ($500/mo) + data fees. For what I need, OEC does it all. I use them for charting as well as trading. The feed (knock on wood) has been good in recent memory. The rates are attractive and get better if you trade more volume. Data and platform is free, which is hard to beat. Take the demo for a test drive and see if it can do what you need.

I have yet to see any evidence that the Jack Hershey / Spydertrader way of drawing lines all over the place work. I would definitely put that in the does not work category. We could however add it to the does not work but people cling to it like it does category.

OEC is not implementing these purely b/c of some system seller. Now if many OEC customers requested them b/c of this guy (I had no idea who he was) then OEC is doing what the customers asked for. And that's what I was told - OEC customers asked for momentum bars and they responded. I do not know the underlying reason for the request.

My point was that if it was that simple, everyone here would be multi-millionaires. You'll find out soon enough that it's not. Is that 'market knowledge'? I do not know what you define as market knowledge, I am speaking from real experiences. The numbers look great when you make assumptions but as dinero could explain, it's not quite that simple when trading live w/ real money. Simulation is a different story (and useless).

And it is accurate most of the time. As I said, the demo from OEC if you are paying is $20/mo. This includes data. Data is not free. As I linked above, see what DTN charges just for data. No charts included in that price. There are plenty of other options as well. If the OEC demo does not meet your needs, you do have options. No one is tied down to OEC.

Sounds so easy, doesn't it? Just trade 3 contracts and go for 35 ticks and off you go! Better yet - trade 50 and only need to go for 5 or 10 ticks.

I agree - I could use that as well. Will drop them an email.

trend - All I can relay at this point is to be patient. Yes, OEC is working on a few things and that can be tested in demo. If I recall, they do their testing in demo before moving to production, which makes sense for those trading real money. I know you will complain that demo should be perfect and act like the live, but it's not. I believe OEC puts tests through on simulation to see how it acts and then moves to production. You may just be seeing the result of this. For those trading real money, it's good to know that tests are done outside of production. For those trading simulation, it's probably frustrating at times to be caught in the testing phases at times. Is it perfect? Nope. Will they make everyone happy here? Nope. Is it free (or basically)? Yep. Are you getting massive amounts of data on a very nice platform for free (or next to it)? Yep. So knowing all that, you have a choice. You can go buy MultiCharts for $1500 and then call up DTN and pay $50 to startup then $177/mo for emini's and nymex data fees. This option provides you with a platform that will not undergo these upgrade hiccups you are seeing with OEC. Or you can get OEC for free or $20/mo and have these occasional upgrade issues.

I'm guessing since the post is from 2008 either he got his info elsewhere or gave up on MS.

Here's what I was told at this point from OEC -- OEC will continue to have range charts as we know them. Note - they will better mimic what others in the industry provide. They will ALSO be providing 'momentum' bars, which we've seen examples of here. That is what I was told today. Testing is being done currently. Now, once the revised range bars are implemented into OEC, we can see if that also fixes other issues.

I have noted everyone's comments/concerns, which have been forwarded to OEC. I think we know what the issues here so until I hear back from them directly, there's not much more I can say on the matter. As soon as I hear back, you guys will hear as well. Regardless of the response, keep in mind I am just a go between. I've worked with OEC for quite awhile now and I do my best to help everyone - customers and OEC.

I will try to get this answered from OEC and report back. I don't know if I will get a reply over the weekend, so it may be early next week before I hear back. If OEC is going to change range charts to a momentum based range chart and only offer that, then we can voice our concerns at that time. I asked in my email to see exactly what the plan is and I hope they offer both options if it is in fact changing. This was news to me, so I just have to wait to see what they say. Offering a standard range chart and momentum range chart would make the most sense to me.

Thales - it's b/c I understand how they are building them. You say they are wrong and I say that is your opinion of the situation. I do not agree that they are wrong. I will make sure OEC sees this thread and maybe we can get better clarification.

Couple things here fellas: 1) Demo is just that - demo. It's there to test the software out. It's not meant to replicate production verbatim. 2) As was stated previously, OEC has taken the stance of NOT filling bad ticks on range bars. Which means.... You have a 10 range chart on the CL. Your high is 80.10. So would assume your low is 80.00. And when price is moving from point A to point B, it will be. HOWEVER, when price is at 80.01 and the NEXT print is 79.99 there is an 'issue'. OEC has chosen to not give you a fake print that never happened (80.00 in this example). This is why you will see range bars that are not always equal in size on OEC. And to be honest, I can't fault them in this after researching this more. Do you want them to give you fake prints? I can just imagine what the forums would say when it would be found out that OEC is backfilling w/ non-existent prints on range bars for the sake of making the range bars even... So the range bars are set this way in OEC and if that is unacceptable, you have alternatives out there. You just have to decide do you want true prints only or fake, back filling prints as well.

Here It's a ticker symbol for the S&P futures contract - like BBY is for Best Buy stock.

Trade another market if the ES bots are getting to you. Look at the CL, ZS, Gold, Euro, etc. etc. Many other markets out there to trade other than the ES.

What exactly is the bug there?

Or you just trade the contract w/ the most volume, which takes about 5 seconds to scan in the morning. Once again, problem solved w/ a 5 second routine.