Yesterday I had the privilege of being interviewed by Anthony Crudele, host of FuturesRadio. FuturesRadio is a podcast focused on the futures industry. Listen as I tell the brief story behind MarketDelta, how the footprint chart came about and a unique way to apply it, and then where I see technology leading traders over the next few years.
This week Eurex Group launched a mini-Dax futures contract that is 1/5th the size of the “big” Dax (FDAX) contract. We expect this contract to catch on very well with retail traders because of the volatility it offers and the smaller contract size resulting in less margin required to trade it.
Eurex has registered market makers that are providing liquidity and judging by the depth of market from MarketDelta Cloud it already has people trading it. Contact your broker to get enabled to trade the mini-Dax!
The Edge trader education and training program has grown so exponentially that we created additional Tracks.
For example, Track 4 has 35 sixty to ninety minute coaching sessions. These classes are done live each week, and then uploaded into Track 4 for convenient access.
Track 5 has dozens and dozens of 2 minute clips of distinct trading set ups. In here, we SHOW you what to look for instead of just telling you.
Finally Track 6, is a bonus team room. This team room is unlike anything in the educational space. We connect Edge members to each other in a “virtual office” of like minded traders.
Learn more at http://edge.marketdelta.com and check out the new website!
Watch our NEW promo video!
Happy Monday! We pushed live a bunch of behind the scenes improvements as well as a few user interface updates. One of the most notable when it comes to users requests is that average price is now displayed.
DOM (Depth of Market)
When you establish a position we now market the average price of that position on the price scale in the DOM with a golden yellow price highlight. As you add to or reduce your open position the average price will change.
By default, the last price (gray highlight) will be “on top” of the average position highlight if they are the same price.
Trading Order Tabs
Nestled between the Position and Realized P/L columns, we have added the Avg Px column which shows the average price of your open position.
Reposted from http://news.cqg.com/news/press-releases/2015/10/continuum-provides-global-connectivity-marketdelta-cloud-0
Exclusive partnership for market data and trade routing.
Denver, October 22, 2015 – Continuum, CQG’s enterprise API division, today announced its exclusive partnership with MarketDelta to power MarketDelta’s trading and order management application, MarketDelta Cloud. CQG will provide global market data and trade execution capabilities to the MarketDelta Cloud platform through its flagship API, Continuum Connect.
MarketDelta Cloud offers a static price ladder, single-click order entry, charting, and order management functionalities. It is an HTML5 cloud-based technology platform that allows traders to login to the system from anywhere with an Internet connection. Additionally, the platform is differentiated by its ability to run on a Mac as well as a PC.
“We are excited to be selected as the sole provider of market data and trade routing for MarketDelta Cloud,” said Mike Glista, Vice President of Continuum. “We continually look for ways to partner with innovative companies who are changing the trading environment.”
“We are very proud to be launching the MarketDelta Cloud powered by CQG. The convenience and accessibility it will provide both traders and brokers is a breath of fresh air in an industry that is known for hard-to-use software. We are thankful for our longstanding relationship with CQG and the fantastic support they have provided us along the way,” said Trevor Harnett, CEO of MarketDelta.
CQG provides high-performance trade routing, global market data, and advanced technical analysis. CQG partners with more than one hundred Futures Commission Merchant environments and provides Direct Market Access to more than forty exchanges through its global network of co-located Hosted Exchange Gateways. CQG’s server-side order management tools for spreading, market aggregation, and smart orders are unsurpassed for speed and ease-of-use. CQG’s market data feed consolidates more than seventy-five sources, including exchanges worldwide for futures, options, fixed income, foreign exchange, and equities as well as data on debt securities, industry reports, and financial indices. CQG has received the Prop Traders’ ISV of the Year award from FOW and the Best Technical Analysis Platform award from The Technical Analyst. CQG is headquartered in Denver, Colorado with sales and support offices worldwide.
Continuum offers trade execution and data distribution for order execution and market data platforms, applications, and proprietary systems. Continuum leverages co-located Hosted Exchange Gateways as well as access to over seventy-five sources for global market data and to over forty exchanges for trade routing. Continuum is based in Chicago, Illinois with support worldwide. For more information about Continuum, please call 312-939-1568 in the United States, +44 207-827-8219 in the United Kingdom.
Special Note: the functionality I describe in this article requires the Pro version or higher of MarketDelta.
Here is the chart I employ for my larger time-frame analysis. I often go back and forth between including overnight data in my analysis or not. Recently, say over the last couple years, it’s clear that overnight activity is often as important as the regular trading hours. On the other hand, while I want to see this overnight data, I want to be able to clearly delineate between overnight and regular hours.
Well, one way to do that is simply flip between session overrides. That’s fine, but in my estimation, something is lost when you do that. I want to see all the data, but yet at a glance separate it. Well, here’s an easy way to do it.
I first created a signal formula which would return a true value for any bar before 8:30 or after 17:00 (my local time). Here is the formula: (TIME < = 0830) OR (TIME > 1700)
Now, instead of applying the signal directly to the chart, I added a Paint Bars indicator, which can “paint” based on a signal (which is chosen from the indicator preferences window). I also set the indicator to paint the background instead of the bars.
Here is the link to Charthub which contains the definition for the chart and the signal: http://www.charthub.com/sites/default/files/chartdef/2015/10/19/ChartDef_144527003118.txt
Hope some of you find this useful!
One of the best things about the MarketDelta Cloud app is it doesn’t feel like it is running in a web page. It acts and behaves like a desktop app but runs in your browser. This makes it extremely accessible and simple to use.
It runs on a PC or MAC, making it very accessible and convenient to trade.
INTRODUCING A CLOUD TRADING PLATFORM SPECIALIZED EXCLUSIVELY FOR FUTURES TRADERS
MarketDelta Cloud is a first of its kind SaaS (software-as-a-service) trading solution for futures traders. It offers a full trading and charting experience common in desktop software but with all the conveniences and access provided by a modern cloud based trading solution. See for yourself the immediate benefits. Start trading in less than 60 seconds.
Learn more at cloud.marketdelta.com.
The year is underway and sure to be one of many changes. To help you navigate some of the challenges we see in 2015 we put together this handy guide that explains some of the important trends in the trading and technology industries.
2015 will mark the beginning of traders shifting to the cloud. They will begin to demand from their brokers the ability to check positions, look at charts, and place trades anytime, anywhere, and from any device.
This will happen as traders desire to have access and connectivity to their trading accounts and trading services just like they do in all other areas of their personal life.
It has already happened. Anytime, anywhere, any device computing has overtaken PC-centric computing and as 2015 draws to a close the trading industry will experience a significant shift as brokers provide cloud based trading platforms.
These strategic and technological changes, along with some immutable and repeatable aspects of human behavior are what inform our predictions for user experience design trends in 2015.
Changes to CME Globex Closing Times
Effective Monday, September 21st, the daily CME Globex maintenance period will begin 15 minutes earlier from 4:00 until 4:45 PM CT. This includes Equity Index futures (ES, YM, NQ) and Energy futures (CL).
Currently, the daily maintenance period occurs begins at 4:15PM CT and go to 4:45 PM CT.
Markets affected will be:
With this change, the closing times for the following markets will now occur 15 minutes earlier Monday through Friday at 4:00 PM CT.
All other CME Globex markets trading hours remain unchanged. Contact your broker with any specific trading questions .
To adjust your sessions in MarketDelta Charts to the new closing time see this FAQ. Simply select the session and change the stop time.
To create a new session see this FAQ.