The CQG fee for Ninja Trader is one of the most popular feeds available on the market for the ES and many other markets as well. Most Emini brokers and Ninja Trader brokers offer the CQG feed since it is supposed to be one of the most reliable feeds available.
Keyword, supposed to. With CQG’s recent problems we can’t refer to them as the most reliable in the industry.
The CQG feed has been showing signs of weakness, I cannot recall so many situations where other feeds have had so many issues like the CQG feed recently.
One of the things that day traders need above all things is a reliable Internet connection, after that it would be a reliable data feed in order to see the indicators and charts that allow us to base our decisions to enter or exit the market.
There was one problem earlier this year that I remember and since the Ninja Trader market rollover in early September, I have counted two or three separate problems with the CQG feed. I wanted to share a backup plan for you to make sure that you are not being left in the darkness when you’re in a live position or if you are day trading and traveling like myself.
I have been aware of many situations, especially day trading and traveling around the world, that have left me without a Internet connection. The first thing that you should do if you ever lose your Internet is call your broker immediately, the second thing you should do is yell in very profane language.
Even though I plan on getting rid of Tradestation, it is a secondary feed source that allows me to see the market if and when I have problems with Ninja Trader feeds.
I exclusively support Ninja Trader for all of my training and support, one of the things I have noticed is that Ninja Trader is a lot more sensitive to Internet problems. This isn’t a problem for most people considering that most traders have a dedicated office with reliable Internet.
How often does Internet fail in first world countries like the United States, Australia or even Europe?
For people like myself, who lead a different life traveling around the world, Internet reliability isn’t always a luxury. Just think of what the Internet is like if you were trading from a ping-pong table supported by a refrigerator, see this picture of my trading office and Somaliland.
Using More Than One Feed
Even though I will be talking about all the available Ninja Trader data feeds and Emini broker feeds very soon, you should always have a different option. You will not be able to use two different feeds like CQG and Zen-Fire together if you are using the same broker.
Ninja Trader only allows you to use one feed at a time when a single broker license
The actual license from Ninja Trader has you choose what broker and what kind of feed you are going to be using. That means that once you choose a feed type, CQG or Zen-Fire for example, that you won’t be able to change that with a flip of a switch.
The only way that you would be able to use two different feeds is with a multi-broker license
Using More Than One Broker
If you are just getting started day trading I wouldn’t worry about opening an account with more than one brokerage firm. My recommended brokerage firms are Mirus futures and Advantage futures, with 10 year experience in the industry. I cannot in good conscience recommend that you open an account with Amp futures.
I would highly recommend you do not open an account with Amp futures.
Once you gain consistency in the markets and are making money on a regular basis, that is when you should consider opening an account with more than one brokerage. Once this is done, the possibility of trading with multiple feeds is possible with two different brokerage accounts.
With Ninja Trader, all you would have to do is log off from one brokerage firm and connect to the other and you would be able to connect to a different feed.
When it comes to the Internet cutting out it’s important to not be Penny wise and Dollar foolish. In other words, we shouldn’t worry about spending an extra $50 a month for a reliable feed just because it costs money.
In full disclosure, I do not get a kickback or any types of payment if you do sign up for Kinetick or Ninja Trader.
I support both simply because I find them to be the best in the industry. You can purchase a Kinetick feed for only $50 a month, just think about the piece of mind that you will have being able to connect and see the market action if you have or have a problem with one of your feeds.