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Hi guys,
I am looking to add one of two screens to my desktop setup.
I am actually using a 34″ inch screen with a WQHD resolution.
I am planning to go full speed on trading during my time off. Since I am trading on both IB and IG on paper/demo and live/real, I am wondering what screen(s) to add to my desk.
It would great if some of you could share his/her configuration and recommendation.
Thanks
Very exciting topic !! 🙂
I primarily use IG’s mobile app for my manual trading and develop my Autobots on a laptop. I don’t need any more.
I think that the point is that no real advices exist on this subject. Best could be explicit questions, and “is this a good idea in the first place ?” or something like that.
I may have one hint that is not so common, but the application itself maybe also is not : I have over 20 Systems on one Instrument, and have a monitor of 1m20 of height and 30cm width for that. It stands (vertically) upright. This is “necessary” because else all the order labels overlap each other. So you need a real high screen for that. But not wide.
The main reason why I myself would not have other hints, is because you can virtually store an infinite number of charts on your screen(s). At least with PRT this works very well. Of course it requires some smart laying out with many charts overlapping, which works at various levels. The general hints for these are :
Because of the “smart arrangements” I have 50 or so Charts and Lists and Detailed Reports open in one of the 3 accounts (which 3 accounts are almost always active). The other accounts contain less but always still ~20 charts/lists. Things become more wild if I am backtesting and such. The results are always on one of my screens, and the editing stuff on an other. Again arrange for clicking underlaying charts, because for me it is an example that charts are overlaid. Thus, let top-left corners of them stick out to quickly bring forward all of the overlaid account, or let right margins stick out for a few mm so that you can bring forward that one chart (and e.g. the Detailed Report from your backtest is overlaid now).
Below you see a representation of what I use, but showing it is actually not useful. Still it may be a little useful, knowing that the the rightmost 3 screens are cheap tablets. This is about an application I don’t think anyone uses (nor can get physically done as a normal human being), but this allows for my main charts and statistics to carry around to anywhere I want under the scope of my domestic WiFi. Like in the kitchen during cooking, via the dinner table for the real important stuff (always out of sight of the family) up to next to the couch and watching TV. The tablets can of course touch-control PRT. Anyway, one such a tablet again contains a functional group of PRT elements, like all the Detailed Reports of the Systems I have running. Am I out of space on a tablet, then I buy a next one. These extensions can be virtually infinite and do not depend on a video interface card.
On a side note : I have been asked to describe in detail how to set up such an environment, so that PRT can make a general guideline for it (YouTube). They themselves had never heard of it. Next you may expect a PRT version explicitly made for Touch operation (says me, not PRT – but who knows).
Last hint : get yourself monitors with a useful resolution. Most people may not even think about this, but the higher the resolution, the less useful a monitor becomes. Also of course : the lower the resolution, the less will fit on the screen. These are not really trade offs, but choices. My three main monitors are 2560×1440 at 32 inch and it is thus on purpose that their resolution is so relatively low. So the thing to keep in mind is that a higher resolution will not allow normal reading other stuff any more (while PRT can scale to anything of your choice) and THUS you will start to set the monitor(s) to 125% or higher for DPI in order to make all larger again. But THAT PRT can not cope with really, though V12 has vastly improved on it. Anyway, it will give anomalies all over the place so it is always best (for all applications) to leave the DPI setting at 100%. See at the mouse pointer in the 2nd attachment (I bet that anyone with a laptop these days has the setting at higher than 100%).
Anticipate a nice phone where you can run IBKR Mobile as well as IG Mobile. They are a must for when travelling. But … in the end those are “screens” (monitors) for in the kitchen just the same. The newer Androids allow decently operating split-screen so that you can run both versions on one phone screen (older versions will let run one of the two stuck after a while). I find IG Moibile quite useless for observing without selecting instruments/positions (and you can’t while driving), while IBKR Mobile gives all the overviews you’d want (like gain of the day and such), with the ability to select accounts (or have them all totalized). Notice that this requires additional subscription to data (the same data you already subscribed to for PRT, but it costs almost nothing).
Anything else ?
🙂
SO it’s just a hobby then?
Assumed that question was addressed to me : Yes.
But a hobby which seems to be dealt with quite more serious than what I see happening at those in a professional job (like earning money for a customer of a bank). At least that is what I see from my environment (starting to learn more and more people in the field).
I guess that the difference is that “we” can operate with sensitivity to our needs, while the person in the professional job operates way more static and by rules of the book. This is (too be) risk free and (me thinks) not exciting at all. And of course no tablets at the dinner table.
The category of Pro’s doing it for themselves is a different story. They (but correct me !) mostly operate with day trading and get a few points per trade, which never can mimic what “we” do with Autotrading, because of too few trades a day in their case (again, correct me). This is not to be covered for by higher investment, because I can do that too (at 10-20 trades a day for mind you, one instrument).
For the real comparison PRT lacks the proper tools (Orderbook data and Orderflow accessible by program code). But I think that by now I know that even including those tools (found in other platforms) would not help.
All in other words : I don’t see trading houses spending infinite time in developing automated strategies. They may spend infinite money in obtaining that from others though (could be you and me).
And so I end up at the couch with a tablet automatically. Hey, I *spent* those infinite number of hours; now I want to see the result of that – per trade. If my Money Management doubles the investment, you bet that I have the shivers and am more than interested in the result of the particular trade. I am not even sure what I’m more afraid of : that the trade will lose and thus an extra loss occurs BUT that the trade amount will fall back to where it was (phew), or that the trade wins, and the next trade will invest even more (ouch).
It would be nothing for a Pro. It wouldn’t be allowed. 😉
Thanks, yes PeterSt. I say in jest as it’s very clear how serious you are!
You raise some points of great interest to me about order flow, productivity and the consequences of pyramiding money management. It’s to the point for me but I will start a new topic for further discussion tonight that is very relevant to everyone here.
On topic as for my set-up. I have but two screens and 3 bars of mobile and poor satellite internet operating from a valley in the bush. This is very limiting particularly with Sunday night data loading. Is it enough? No way but just if you know what I mean. Using PRT servers to do the heavy lifting I can and must be very focused on work flow and productivity not to chase too many rabbits at once.
Looks like I need to do reply and not quote. Mods feel free to clean that up please.
3 bars of mobile and poor satellite internet operating from a valley in the bush. This is very limiting particularly with Sunday night data loading. Is it enough?
For AutoTrading you wouldn’t care. For Manual Trading, it depends …
…
… Alright, I thought I had a readily answer, but that appears not so. So I now wonder whether this makes sense :
Regardless of whether you use the API connection and use PRT-IB, roundtrip via Satellite might be 1 second or even more (but you tell me). I guess I myself would manage, but may skip Market Orders (only Limit for Buy and Stop for Sell). This obviously counts for Manual Trading, as AutoTrading would not care less. Ehh …
And that latter is the thing … For AutoTrading and using the API, it still would matter. At least that is what I think, because no server side operation in France is taking place in that (API) case anyway.
If you recognise that you are using the API with IBKR indeed (needs IB’s Trader Work Station to be open, so easy to recognise) then *that* would justify a dedicated topic for sure.
Otoh, if you don’t use the API then all is being done server side and the only latency you’re dealing with is from France to Chicago (for AutoTrading that is).
What is your setup?
This topic contains 15 replies,
has 9 voices, and was last updated by Wim
2 years, 4 months ago.
| Forum: | General Trading: Market Analysis & Manual Trading |
| Language: | English |
| Started: | 09/04/2023 |
| Status: | Active |
| Attachments: | 3 files |
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