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Optimus Futures trading broker review
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Optimus Futures trading broker review

  #161 (permalink)
Elite Member
west palm beach florida usa
 
Futures Experience: Advanced
Platform: ninja trader
Broker/Data: Optimus Futures/ Rithmic
Favorite Futures: Cl, TF
 
Posts: 696 since Oct 2011
Thanks: 611 given, 2,325 received

Getting back on track

I realized after looking at some of the earlier posts I made on this thread...that I mentioned several times how impressed I was that trading through Optimus, I was able to get super fast execution in fast moving markets. It struck me that I recently stopped trading my "edge". I specialize in fast moving scalps on CL and Gold. I have a great chart setup on a 2 range chart and from many hours of screentime, I can catch a fast move and time it almost perfectly getting anywhere from 5 to 30 ticks in a few seconds. That's why I love the Rithmic feed and trading through Optimus. I can catch moves better than with any broker I used before. But then I started trying different setups lately, in an attempt to catch bigger moves and I took bigger stops. When my losses got big, I would leverage up and go in with one of my sure thing scalps and make it up . Only last week, I lost my discipline and had some problems. So, I will now get back to trading only my "edge"..hit my daily tick goal..and stop trying to switch styles. If I have a lightning fast platform and the skills to take advantage of it, no sense not utilizing it.
Thanks again Matt for being a voice of reason when I needed it.

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  #162 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
mattz's Avatar
 
Posts: 1,865 since Sep 2010
Thanks: 1,790 given, 2,514 received

Rithmic Risk Parameters

There has been a discussion on forum for certain risk parameters requested by traders.
I have had long discussions with Rithmic and soon I will post an update about what Rithmic is providing, and what will be provided in the future.

Matt

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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  #163 (permalink)
Elite Member
New York, NY
 
Futures Experience: Intermediate
Platform: Sierra Chart, thinkorswim
Broker/Data: Amp-Rithmic/TT, IB
Favorite Futures: CL, GC, NQ
 
Posts: 569 since Nov 2010
Thanks: 1,796 given, 249 received



mattz View Post
There has been a discussion on forum for certain risk parameters requested by traders.
I have had long discussions with Rithmic and soon I will post an update about what Rithmic is providing, and what will be provided in the future.

Matt

Any updates on this? Would be nice to have a daily max loss limit feature at the account level, like some fcm's offer. Or, if it is possible through the platform, etc.

Also, is there anyone who has been not happy with their experience at Optimus?

And, approximately how many client accounts are there at Optimus? How many people are on staff to handle service, trade desk, and what are the hours for service?

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  #164 (permalink)
Elite Member
Los Angeles, CA
 
Futures Experience: Advanced
Platform: Tradestation
Broker/Data: Tradestation
Favorite Futures: ES,HG,GC,YM,Nq,RB,NG
 
Posts: 52 since Aug 2011
Thanks: 11 given, 8 received

I'm interested in this too.



Futures Operator View Post
Any updates on this? Would be nice to have a daily max loss limit feature at the account level, like some fcm's offer. Or, if it is possible through the platform, etc.

Also, is there anyone who has been not happy with their experience at Optimus?

And, approximately how many client accounts are there at Optimus? How many people are on staff to handle service, trade desk, and what are the hours for service?


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  #165 (permalink)
Elite Member
Detroit, Michigan
 
Futures Experience: Beginner
Platform: Ninja Trader
Favorite Futures: Futures
 
Posts: 291 since Nov 2011
Thanks: 220 given, 280 received

Futures Edge on FIO
Would be great to have a daily max loss limit feature at the account level.




Futures Operator View Post
Any updates on this? Would be nice to have a daily max loss limit feature at the account level, like some fcm's offer. Or, if it is possible through the platform, etc.

Also, is there anyone who has been not happy with their experience at Optimus?

And, approximately how many client accounts are there at Optimus? How many people are on staff to handle service, trade desk, and what are the hours for service?


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  #166 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
mattz's Avatar
 
Posts: 1,865 since Sep 2010
Thanks: 1,790 given, 2,514 received

Here are 2 features of risk management/margin features that we can enable for traders:

Available Margin
Standard equity based margins. Each product has a margin that is charged and when you use up for available margins you are not able to place orders that will open positions. Naturally day trading margins will vary and be lower than over night.

Quantity Limits
Limited only by quantity per product and the aggregate of all positions. For example, I can set an account to hold 20 positions overall and then allow for 10 in as many products as I like. This would allow the client to buy 10 ES and 10 GC for total of 20 and then they cannot buy anymore until they offset something. This also has a max order size as part of the configuration as well.

Rithmic comes with a whole set of features unique to each platforms that we we try and review with customers once the account is established.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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  #167 (permalink)
 Vendor: tradingcode.net 
The Netherlands
 
Futures Experience: None
Platform: MultiCharts, TradingView
Favorite Futures: -
 
Jura's Avatar
 
Posts: 766 since Apr 2010
Thanks: 2,347 given, 648 received

In terms of risk management, does Optimus Futures/Rithmic also provide a web-based application/mobile phone app so that one can keep track of open positions while 'on the move'?

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  #168 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
mattz's Avatar
 
Posts: 1,865 since Sep 2010
Thanks: 1,790 given, 2,514 received


Jura View Post
In terms of risk management, does Optimus Futures/Rithmic also provide a web-based application/mobile phone app so that one can keep track of open positions while 'on the move'?

We do offer web based applications along with a corresponding desktop.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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  #169 (permalink)
Risk Manager
London, UK
 
Futures Experience: None
Platform: NinjaTrader
Favorite Futures: ES, CL
 
sleepy's Avatar
 
Posts: 112 since Sep 2010
Thanks: 2,103 given, 108 received

Matt,

Do the risk management features you described also apply for those using Ninjatrader rather than R-Trader?

sleepy

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  #170 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
mattz's Avatar
 
Posts: 1,865 since Sep 2010
Thanks: 1,790 given, 2,514 received



sleepy View Post
Matt,

Do the risk management features you described also apply for those using Ninjatrader rather than R-Trader?

sleepy

Yes, they do.It's Rithmic risk parameters and it would apply to any platform that uses it including NinjaTrader.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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