Tom Busby on How He Uses eSignal and Interactive Data Mobile (QuoTrek)
I have been trading the S&P 500 futures market since 1982 and the German DAX futures since September 2001. I have professionally traded my own account for almost 30 years and manage a fund via Rydex Funds. From my own experience, I can tell you that eSignal and Interactive Data Mobile (QuoTrek) are excellent tools for the professional trader.
I have personally used eSignal for data for more than a decade. The data is versatile enough to handle any of the exchanges I need, and it is also extremely reliable. I have so much confidence in eSignal that when I decided to develop my own software, the Global RoadMap, I had the programmer make eSignal the primary data source.
The charts and studies in eSignal are very easy to manipulate and read. The historical information is also key when I am trying to gather numbers to look at where we have been trading in the last 12 months, the last month, the last day, even the last hour.
Interactive Data Mobile allows for mobility and is accessible pretty much anywhere you can get a satellite signal. It is sometimes even more reliable than a cell phone signal! Interactive Data Mobile has taken the chains off that tied me to the quote machine for so many years. The two main features of Interactive Data Mobile that help me trade are the quotes powered from the eSignal application I have on my PC and the instantaneous Internet access.
Most traders know that seconds count in today’s marketplace, and eSignal and Interactive Data Mobile allow me to take advantage of those moves. With Interactive Data Mobile, I can watch some of my major market indicators, including those listed on the Eurex, Chicago Mercantile Exchange and the Chicago Board of Trade.
The data provides me with a glimpse of factors that are important to me, including the Open, High, Low and Close of that particular indicator. It gives me up-to-the-second price action, along with the net percent change for that trading day. These are all integral parts of my trading strategy.
Interactive Data Mobile also offers Internet access to many of the investment websites I may need to log into throughout the course of the trading day. I can check my net positions on my Etrade or my Ameritrade account as well and actually enter orders on my Interactive Data Mobile device.