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Date/Time: Thu, 28 Mar 2024 09:56:38 +0000



Post From: New Offering - Order Flow Trading Bots aka SceetoBots

[2018-04-09 20:27:09]
TapeReader - Posts: 88
GeChic Road Testing - Initial Findings

I like the GeChic very much...though I have only a few hours of trading with it.

Last week I used it at a sitting desk...this morning I am moved some stuff around so that I can use it with my treadmill desk - which is where I like to do most of my trading.

Last week, I found that it has made the afternoon trading (3-4 Eastern) much more pleasant.

The monitor ships with a short cord...which I did not realize. So, if you get one, you may want to consider ordering the longer cord.

I trade mostly on a 3 tick range bar chart....but plan on using the GeChic to help me to get down to either a 2 tick or a 1 tick....which would be very cool.

Our order flow algos, which feed the bots, hold up quite well on the 2 tick, and surprisingly can provide good information on the 1 tick,

The jury is still out as to whether the transparency of the Launch Pad is a good thing or not.

I also see the benefit of having more flexibility with regards to allowing the user to re-configure columns in an ad-hoc fashion for the Launch Pad.

This became apparent when I moved the Launch Pad to the right of the chart, and found that the execution buttons were way out in right field.

I do miss some aspects of the physical keyboard....the tactile-ness of it, and also all of the other keys that I built into it such as Buy Bid, Buy Ask, Disable All, Flatten & Cancel.

I have re-attached my physical keyboard so I am now using both the GeChic and the Cherry,

So, in a nutshell, the jury is still out.

Attached is a picture of my current configuration with the GE Chic on my treadmill desk, which is my 3rd iteration this morning, which I like very much - but can still use some improvement.

The GeChic is on the lower right and is attached to a laptop that is to the right of the desk and out of the shot.

I am connected to a co-lo server in CHI from the desk via RDC.

The laptop, which has the GeChic connected to it, is connected to the server via TeamViewer.

With this config, I think that we are in a zone where scalping is very solid.

For instance, this trade's duration was 524 milliseconds:

Entry DateTime   Exit DateTime  
GCM8  Long  2018-04-09 10:22:07.071  2018-04-09 10:22:07.595  1336.8  1337.1  1  1  1  24.80  74.40  40.00  0.00  40.00  0.00  100.00%  


Caveat - This was filled by the Transact Sim server in Chicago (see Trade Activity Log graphic).

Regardless, the order was not filled locally via SC's sim engine - which means the order had to leave the co-located Sierra Chart server and be processed by the Transact (all within 6/10 of a second), this includes:

+ Signal generation
+ Creation of order
+ Transmittal of order
+ Receipt of order
+ Filling of entry
+ Placing stop and target
+ Hitting target
+ Cancelling stop

I like this model because if I had to send the order from VT to Chicago, instead of the bot sending the order from Chicago to Chicago, the transmission time would be 10-20 ms, and thus, this type of trade would never fill.
Date Time Of Last Edit: 2018-04-09 21:18:07
imageBots and Colo enable fast scalping.jpg / V - Attached On 2018-04-09 20:26:19 UTC - Size: 105.29 KB - 803 views
imageSceetoBots - with GeChic.jpg / V - Attached On 2018-04-09 20:26:52 UTC - Size: 2.05 MB - 849 views