We’re famous! Well not really, but we are on Periscope now and broadcasting each weekday at 8AM CT. Each morning we will provide a short market overview of what to expect and any important news items to on the lookout for. Depending on market action and new events, we may come on a few more times throughout the trading day to review what might or did happen. Each “scope” will typically last between 3 and 10 mins.
Our goal with Periscope is to provide timely and relevant trading content.
We Will Broadcast
What Is Periscope?
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You can watch recordings we have done in the last 24 hours at http://periscope.tv/marketdelta.
To learn more about Periscope visit this page: https://help.periscope.tv/.
DOM triggered stop orders are synthetic orders which work on the server and monitor the inside market (best bid and best ask) and only let your stop be triggered if a certain quantity available is left to trade. This prevents you from so easily “being stopped out” when just a few contracts trade at the stop price.
Instead, a certain threshold is set so that the market can trade at your stop price but won’t be triggered until the quantity remaining decreases to a value you set.
MarketDelta Cloud includes this functionality for free in its online futures trading platform. Get a demo of it at cloud.marketdelta.com. To learn more about the specific of DOM Triggered Stops, read on or watch this video.
The stop order is only activated if the Inside Market Threshold is met. The Inside Market Threshold is the value you set for bid or ask quantity of the inside market. When the inside market is less than or equal to the Inside Market Threshold the stop order will be triggered.
So there are 2 parameters to set for DTSP. The distance in ticks the stop order gets placed and the inside market DOM threshold. Ex. The Stop amount is 10 and the amount in parenthesis is 100. This would submit the DSTP order 10 ticks from entry AND then require the inside market (best bid or best ask) become a value less than 100. DOM triggered stops are fully synthetic and supported on all Exchanges.
DSTP – DOM Triggered Stop – DOM triggered stop orders behave like a stop order but do not trigger until the bid or ask quantity is less than or equal to the Inside Market Threshold which you set. So there are 2 parameters to set for DTSP. The distance in ticks the stop order gets place and the inside market DOM threshold. Ex. The Stop amount is 10 and the amount in parenthesis is 100. This would submit the DSTP order 10 ticks from entry AND then require the inside market (best bid or best ask) become a value less than 100. DOM triggered stops are fully synthetic and supported on all Exchanges.
DTSTP – DOM Triggered Trailing Stop – The same in all respects to DSTP orders but these also have a trailing component which behaves exactly like the TSTP order.
Learn more by visiting this article in our knowledge base.
We just pushed out an awesome update to MarketDelta Cloud. Here is a short list of the primary new features and enhancements.
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.