Any plans for developing orderflow tools or enhancing the ability to integrate with other platforms without the use of CQG or rithmic?

Ironbeam Trading Platform
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Hello, Are there any plans to add the ability for other platforms to connect to the iron beam directly without using rithmic or cqg as a connection? For instance, if I wanted to connect to Quantower, I would use my Iron Beam username and password. I believe this feature will attract more users because the Iron Beam platform lacks order flow tools. If not, I think the incorporation of order flow tools will definitely bring more users to the platform. Also, I’d like to be able to withdraw via ACH; wire is $40, which is not the end of the world, but all of the other brokers have ACH withdrawals.

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I don’t think it’s the best option because it lacks orderflow tools since most brokers use it for CFD trading, which doesn’t have any orderflow. I remember testing AMP CQG on MT5 and the price charts lagged too much on ES during market open, but using CQG isn’t bad; it’s just that you have to pay an extra 0.10 per side routing fee because you’re using their connection. But if iron beam could get a direct connection, I think it would be better for iron beam overall and us since we would pay less fees.

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Hey @Trader

We have begun development for a suite of order flow tools.

I will make a new post and link it here, please provide feedback if you can.

Mike Murphy
[email protected]

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Hey @MikeIronbeam
Hey Mike, that sounds fantastic; I’m looking forward to seeing the new suite; will they be available on the Iron Beam Trading Platform, or is it being developed as a dedicated software? I don’t mind taking a look and offering some feedback.

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Interesting, I was thinking it was more of a software issue because the entire software would occasionally lag, almost as if MT5 wasn’t able to handle the tick data. Since it was designed for bucket shops, I have nothing against MT5. I’ve also dabbled in MQL4 and MQL5 before when I was trading forex, but I probably wouldn’t have used Metatrader if I had other options.

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@JohnnyRy That article is very old - MT5 does not offer a direct gateway to CME that we are aware of. The only current gateway is via CQG.

Our MT5 integration is moving along but it is a big undertaking and isn’t something that happens quickly.

For those serious about algorithmic futures trading, you should consider a direct API interface like the Ironbeam API or Rithmic API.

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