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Optimus Futures trading broker review

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  #101 (permalink)
 zendaddy 
Roanoke, VA
 
Experience: Beginner
Platform: NinjaTrader, TOS
Trading: ES
 
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You all have convinced me to reach out to Matt.

Thank you all for this thread (even though I'm not the OP)

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  #102 (permalink)
 Boomer34 
Kampala, Uganda
 
Experience: Intermediate
Platform: TOS
Broker: TOS
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zendaddy View Post
You all have convinced me to reach out to Matt.

Thank you all for this thread (even though I'm not the OP)


You will be very pleased...post your thoughts as you get further along...

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  #103 (permalink)
 Rad4633 
Greensboro NC
 
Experience: None
Platform: TOS/ NT Dorman
Trading: ES TF CL
 
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IMO- MB Trading not for beginner demo down all the time bc they want you to trade live, horrible fills, was constantly losing connection, not good!!! being live....they said issue was on my end, called dealt with level 5 Cisco techs that pointed finger to MB(I had 200hrs dealing with who's fault my connection issue was on)...In the end switched brokers havent changed 1 thing or had 1 connection problem since-I can go on, used these guys for 1.5 years. WILL NEVER GO BACK

Tradestation-they were doing a platform revamp, was on the phone with them for over 1 hr hold each call trying to get platform up, ended this relationship after 3 weeks had money switched

TOS-higher commissions

Optimus-Excellent customer support, they always follow through and supply you with what you ask for,Rithmic says it all! Matt assisted me in my setup because I was new to Ninja and he guided me through it all. Friendly service and Competitive rates. What more could one need. I'm Happy

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  #104 (permalink)
 ValutaTrader 
Oslo,Norway
 
Experience: Intermediate
Platform: NinjaTrader
Trading: EUR/USD
 
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I just want to tell you about my own appreciation for the customer service level at Optimus Trading Group. @ mattz spent time initially in getting to know me and understanding my requirements and has given great guidance both in getting started on the platform as well as quick resolutions to later support issues. I am really pleased with them.

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  #105 (permalink)
 rafiqtrader 
toronto canada
 
 
Posts: 9 since Feb 2012

hi matt, we chatted earlier this week in the amp thread. i am an amp customer using cqg, which i am happy with but i am thinking of setting up a back up. i am trying to fiqure out what is the difference between rithmic and zenfire. as far as i understood both are rithmic, right? so if both are rithmic is rithmic more pure? please explain.

thank you kindly in advance

rafiq

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  #106 (permalink)
 slickiam 
Tomsk, Russia
 
Experience: Beginner
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rafiqtrader View Post
hi matt, we chatted earlier this week in the amp thread. i am an amp customer using cqg, which i am happy with but i am thinking of setting up a back up. i am trying to fiqure out what is the difference between rithmic and zenfire. as far as i understood both are rithmic, right? so if both are rithmic is rithmic more pure? please explain.

thank you kindly in advance

rafiq

Hello, Matt

the same qstn +

in consideration of this : Sierra Chart - Rithmic Platform Service

Have you got a kind of data center for backfilling? Is it for SC only?

thnx

Scientia Libertas Prosperitas
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  #107 (permalink)
 mattz   is a Vendor
 
 
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rafiqtrader View Post
hi matt, we chatted earlier this week in the amp thread. i am an amp customer using cqg, which i am happy with but i am thinking of setting up a back up. i am trying to fiqure out what is the difference between rithmic and zenfire. as far as i understood both are rithmic, right? so if both are rithmic is rithmic more pure? please explain.

thank you kindly in advance

rafiq

Rafiq, From my understanding Zen is based on the Rithmic technology, but in all fairness I don't know what you mean by "pure". Out of honesty and respect I hear that Zen is a good feed.

All I can say is that I am happy (thrilled!) with Rithmic as a broker because of it's stability, latency, unfiltered data and the fact that the main idea of Rithmic is to provide the same execution (same server) whether you are a retail customer or an prop shop. As a broker I want to make sure that the platforms and data are stable...in fact that is top priority and the Rithmic guys have always shown the same interest.

In the end, you can always compare and see what is right for you. The support, and the rapport you build with people who are with should also be a factor apart from technology. Optimus has customers on this thread and you can ask them directly how is Rithmic is delivering.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email support@OptimusFutures.com
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  #108 (permalink)
 mattz   is a Vendor
 
 
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slickiam View Post

Have you got a kind of data center for backfilling? Is it for SC only?

thnx

from my understanding Sierra maintains data for backfills with Rithmic on their servers.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email support@OptimusFutures.com
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  #109 (permalink)
 liquidcci 
Austin, TX
 
Experience: Master
Platform: ninjatrader, r-trader
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rafiqtrader View Post
hi matt, we chatted earlier this week in the amp thread. i am an amp customer using cqg, which i am happy with but i am thinking of setting up a back up. i am trying to fiqure out what is the difference between rithmic and zenfire. as far as i understood both are rithmic, right? so if both are rithmic is rithmic more pure? please explain.

thank you kindly in advance

rafiq


I am using rithmic through optimus and find it excellent. I had zenfire but kept getting alot of disconnects. My understanding is while zenfire is using the rithmic feed it runs through zenfire's servers. I think that is what differentiates when you hear term "pure". At least in my understanding.

Personally I am much happier with rithmmic. I prefer to have as few pieces of hardware between me and the market as possible so "pure" works for me.

"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."
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  #110 (permalink)
paulg
NY
 
 
Posts: 90 since Sep 2009
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Yeah, Rithmic seems preferable than Zenfire in some cases but not easy to find Eurex connection.

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  #111 (permalink)
 pinto552 
New York, NY
 
Experience: Advanced
Platform: Trade Navigator, CQG, Tradestation, Ninja, Interactive Brokers
Trading: Futures
 
Posts: 10 since May 2011
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I've been "around the block" a few times and from my experience Rithmic is the way to go. Add that to Optimus and you have a winning solution. Matt and his staff are simply the best, from my experience. Matt was very helpfull in getting me up and running Rithmic using Trade Navigator by Genesis. Even though it is not a widely used platform in this forum.The stability and fills via Rithmic are as good if not the best I've had experience with. I will say my experience with Rithmic is limited to US futures. I would be curious to hear of others experience using Rithmic with products such as Equities.

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  #112 (permalink)
 Big Mike 
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pinto552 View Post
I would be curious to hear of others experience using Rithmic with products such as Equities.

Optimus and Rithmic are futures only.

IQFeed is a good choice for equities if you need a lot of backfill and top quality data, and your broker doesn't supply it.

Mike

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  #113 (permalink)
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pinto552 View Post
I've been "around the block" a few times and from my experience Rithmic is the way to go. Add that to Optimus and you have a winning solution. Matt and his staff are simply the best, from my experience. Matt was very helpfull in getting me up and running Rithmic using Trade Navigator by Genesis. Even though it is not a widely used platform in this forum.The stability and fills via Rithmic are as good if not the best I've had experience with. I will say my experience with Rithmic is limited to US futures. I would be curious to hear of others experience using Rithmic with products such as Equities.

I appreciate the good words! you gave me a good idea where I would make a very comprehensive list of Rithmic and the platforms it supports while also providing demo for them.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email support@OptimusFutures.com
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  #114 (permalink)
 guppy 
Los Angeles, CA
 
Experience: Advanced
Platform: Tradestation
Broker: Tradestation
Trading: ES,HG,GC,YM,Nq,RB,NG
 
Posts: 52 since Aug 2011
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Made the move to Optimus and Rithmic and Multicharts. Rithmic is by far the fastest within multicharts compared to others ive used in the past. Optimus has great customer serivice with Matt and Jennifer. Add iqfeed if you want long historical data and you got youself a good system imho.

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  #115 (permalink)
 sharky 
MIAMI,FL
 
Experience: Advanced
Platform: NinjaTrader
Broker: Private
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i had optimus for a couple of months,i never had time to trade that account but matt was very helpful and when i told him to put the money back in my bank and close the account he did so that very day.i was really impressed with optimus and will open another account with this this summer when i have some time for me...Sharky

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  #116 (permalink)
 ThatManFromTexas 
Houston,Tx
 
Experience: Advanced
Platform: NinjaTrader
Broker: Mirus Futures/Zen-Fire
Trading: TF
 
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Posts: 2,302 since Feb 2010
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@mattz

I have read through this thread and visited your website and Vision Financials website.

If I understood your website correctly your "Day Trading Margin" for the emini's is 50% of the overnight margins;

Instrument.......Overnight Margin......IntraDay Margin

TF............................$7,535...................$3,768

ES............................$5,000...................$2,500

NQ............................$3,500...................$1,750

YM............................$3,750...................$1,875



Is that correct?

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #117 (permalink)
 mattz   is a Vendor
 
 
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ThatManFromTexas View Post
@mattz

I have read through this thread and visited your website and Vision Financials website.

If I understood your website correctly your "Day Trading Margin" for the emini's is 50% of the overnight margins;

Instrument.......Overnight Margin......IntraDay Margin

TF............................$7,535...................$3,768

ES............................$5,000...................$2,500

NQ............................$3,500...................$1,750

YM............................$3,750...................$1,875



Is that correct?

Hello TMFT,

Thank you for the question. The 50% margin is a default margin for day trading as given to everyone.
However, we can reduce the margin down to 20% if necessary and requested.

Matt

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email support@OptimusFutures.com
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  #118 (permalink)
MooneyNYG
New York, NY USA
 
 
Posts: 11 since Mar 2012
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@mattz, i have been using rithmic for long time. i can not believe how little the traders out there know about it. i see you are really active on this forum, letting the trader know about rithmic. way to go, keep up the good work!

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  #119 (permalink)
 mattz   is a Vendor
 
 
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@ mattz, i have been using rithmic for long time. i can not believe how little the traders out there know about it. i see you are really active on this forum, letting the trader know about rithmic. way to go, keep up the good work!

Thank you for your kind words of encouragement. We are now upgrading internally with new software package that would help customers with specific requests. The idea is to seperate technical and admin, anyway....this is the 3rd upgrade this year LOL
Once We implement that we are going to make more efforts to expose Rithmic, ie advertising. To be honest, your kindness in sharing the Rithmic info with other traders is the best ad! I wish you well in your trading.

Matt

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email support@OptimusFutures.com
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  #120 (permalink)
 djkiwi 
Mercer Island WA
 
Experience: Advanced
Platform: Ninjatrader/Strategy Desk
Broker: Various
Trading: TF/NQ/ES/Stocks
 
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lancelottrader View Post
Then about two weeks ago, I sent Matt an e-mail asking a few questions about using the R trader to monitor my trades on Ninja (in the event of a disconnection....OCO orders on Ninja won't function). He called me back..explained how to accomplish that and spent over an hour on the phone with me.

Hi Lance, Thanks for posting that point as this issue is very important to me in broker selection. Have you had an experience when you were in a trade and either Ninjatrader or your feed went down but when you reviewed your positions on the Optimus system the stops were still intact?

Also if you put a trade through Ninja can you then login to the optimus system and check that the trade has been actioned on their end as well in real time?

Thanks in advance
DJ

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  #121 (permalink)
 lancelottrader 
Legendary Market Wizard
west palm beach florida usa
 
Experience: Advanced
Platform: ninja trader
Broker: Optimus Futures/ Rithmic
Trading: NQ
 
Posts: 1,010 since Oct 2011
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djkiwi View Post
Hi Lance, Thanks for posting that point as this issue is very important to me in broker selection. Have you had an experience when you were in a trade and either Ninjatrader or your feed went down but when you reviewed your positions on the Optimus system the stops were still intact?

Also if you put a trade through Ninja can you then login to the optimus system and check that the trade has been actioned on their end as well in real time?

Thanks in advance
DJ

Hi DJ,
Although I'm not sure I would qualify as a technical whiz, I will answer this the best I can. One of the features I use in Ninja Trader, through Optimus, is their ATM (Automated Trade management ) system. When I place an order, it automatically enters me with a stop- loss order and a profit target simultaneously. Due to new regulations in the Futures market, there are certain order types that are now prohibited. For example , bracket orders.. also known as straddle orders are not allowed to be placed on the exchange. Let's say a news report was coming out and you wanted to place a buy order a few ticks above the price and a sell order a few ticks below. This way a strong move in either direction would trigger your order. Due to the regulations, you could not place such an order . But with Ninja, the orders are "virtual", meaning they are not placed with your broker on the exchange. Instead they are placed on your PC..and once the price hits your order, they get instantly triggered. This way, they comply with the regulations, but give you way more flexibility. Through the Rithmic data feed supplied by Optimus, you can place these types of orders along with many other types. Also, the OCO (one order cancels the other) is supported as well. This way, when your target is reached, your stop loss is also cancelled .
For experienced traders, these are great benefits. The only drawback is that if you disconnect from Ninja, or your PC goes down, you could have an open position with no stop loss or target . This is a risk I was not willing to take. I do not like having the potential of an open trade with no stop loss. Luckily, through Optimus, I had a solution. Matt suggested I install R-Trader on my laptop. R-Trader is another platform that runs on the same data feed. So when I enter a trade on Ninja, I see the same entry on R Trader as well. In the event that I disconnect from Ninja, I can easily exit my trade through R-Trader..on my laptop. I could also place a stop order too if I needed to.
So far, I haven't had an issue. But I'd rather be safe than sorry. I trade mainly CL (crude oil)..and it can move extremely fast. A technical issue without proper backup could be very costly. And if all else failed, I feel confident I could phone Optimus and they would help me in the fastest way possible.
I hope this answered some of your concerns.

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  #122 (permalink)
 mattz   is a Vendor
 
 
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djkiwi View Post
Hi Lance, Thanks for posting that point as this issue is very important to me in broker selection. Have you had an experience when you were in a trade and either Ninjatrader or your feed went down but when you reviewed your positions on the Optimus system the stops were still intact?

Also if you put a trade through Ninja can you then login to the optimus system and check that the trade has been actioned on their end as well in real time?

Thanks in advance
DJ

1) To have OCO orders on a server, use R|TRader. They are not supported on Ninja.
You can use Ninja/RTrader interchangeably while seeing your orders on both.

2) Trades confirmed and executed show up exactly the same on the prelim. Did not have a issue so far.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email support@OptimusFutures.com
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  #123 (permalink)
 bpr17 
Madrid Spain
 
Experience: Intermediate
Platform: NinjaTrader
Trading: NQ
 
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Posts: 16 since Mar 2012
Thanks: 8 given, 5 received

I have read very good reviews for Optimus in this thread, but I would like to know the opinion from traders working outside the U.S. with Optimus.

The reason for my question is that there are other brokers well known, and very well valued, but that my experience in the past with them was very bad and even cost me money, without take any care about my claims and rights. So, I drew the conclusion was that if they did in this way it was because they know I am been living outside the U.S. and know how difficult it is a claim from abroad and they actually gave them the same.

If someone are abroad the US and work with Optimus I would appreciate some information about their experiences. Thanks.

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  #124 (permalink)
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bpr17 View Post
I have read very good reviews for Optimus in this thread, but I would like to know the opinion from traders working outside the U.S. with Optimus.

The reason for my question is that there are other brokers well known, and very well valued, but that my experience in the past with them was very bad and even cost me money, without take any care about my claims and rights. So, I drew the conclusion was that if they did in this way it was because they know I am been living outside the U.S. and know how difficult it is a claim from abroad and they actually gave them the same.

If someone are abroad the US and work with Optimus I would appreciate some information about their experiences. Thanks.

We at Optimus would not treat anyone differently because they are outside the USA.
Optimus has clients in Canada, Russia, Germany, France, Brazil, Spain, Czech Republic, Australia, etc
I assume that you would believe a customer over me, but I also wanted you to hear it from us here.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email support@OptimusFutures.com
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  #125 (permalink)
 bpr17 
Madrid Spain
 
Experience: Intermediate
Platform: NinjaTrader
Trading: NQ
 
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mattz View Post
We at Optimus would not treat anyone differently because they are outside the USA.
Optimus has clients in Canada, Russia, Germany, France, Brazil, Spain, Czech Republic, Australia, etc
I assume that you would believe a customer over me, but I also wanted you to hear it from us here.

Thanks for your nice answer Mattz and I understand that this is the normal way, but... But I am speaking by my own experience with two of the most known brokers that appear a lot of time in this web and if what you said is normal for Optimus (I have no doubt about this) I can assure you is no normal for others... (I can give you information about them if you have interest).

So, for this reason, I am asking for the opinion of people that, maybe, have not the same experience and if no one appears that is a great opinion. Thanks indeed.

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  #126 (permalink)
 Big Mike 
Site Administrator
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bpr17 View Post
So, for this reason, I am asking for the opinion of people that, maybe, have not the same experience and if no one appears that is a great opinion. Thanks indeed.

You can read through this thread, and other broker review threads, and as you see a good or bad review just look to the left at the persons profile, and note what country they are in.

Mike

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  #127 (permalink)
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bpr17 View Post
Thanks for your nice answer Mattz and I understand that this is the normal way, but... But I am speaking by my own experience with two of the most known brokers that appear a lot of time in this web and if what you said is normal for Optimus (I have no doubt about this) I can assure you is no normal for others... (I can give you information about them if you have interest).

So, for this reason, I am asking for the opinion of people that, maybe, have not the same experience and if no one appears that is a great opinion. Thanks indeed.


Before customers come on board, our staff tends to listen carefully as to why customers switch, whether its technology, service or anything else that might cause a relationship termination. We do that because we want to set expectation right and be honest if there are needs we can not meet.
You can PM (private message) me or drop me an emaill matt (AT) Optimusfutures.com about the services you are seeking.
I don't want to make the Optimus thread a place to criticize other brokers or their services.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email support@OptimusFutures.com
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  #128 (permalink)
 djkiwi 
Mercer Island WA
 
Experience: Advanced
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Thanks Mattz and Lance for the responses. Also Matt thanks for replying so quickly through your brokerage. That helps quite a bit but would be grateful for a little more clarification. Please let me explain my observations/experiences with this to date:

I've been sim trading ninjatrader for the last two years using a broker supplied zenfire datafeed. Real trades have been placed directly through interactive brokers not Ninjatrader although based on signals from ninjatrader. I want to start using my ninja ATM strategies to place trades. The reasons I've been reluctant to trade live through Ninjatrader is API/Windows 7/Broker interface issues.

For example, I've had numerous problems with the broker feed being disconnected overnight and not reconnecting. One night I left a 3 lot overnight short on oil and woke up with a naked position to find a loss of $9k as the market had spiked and my position was naked. This wasn't an isolated incident. It's interesting how these issues generally result in losses not gains.

Having said that I'm not blaming this entirely on ninjatrder. In fact I've removed a lot of custom code and indicators. Combined with Ninja API upgrades this issue has not reappeared for a couple of months. I'm quite sure a lot of the problems people experience with ninjatrader is due to poorly written custom indicators that bog down the ninja system.

So in respect of RTrader it's encouraging there are at least mechanisms in place to mitigate this OCO issue. Specifically though how does this work in practice?

If I put a trade through Ninja are you saying I have to put it manually through RTrader as well? Can RTrader use various rules to close a position placed through ninjatrader? For example if I have a ninja OCO order and the rithmic feed goes down or my PC loses connectivity can the RTrader mitigate the naked OCO position automatically? From what Lance wrote it appears you have to go into Rtrader and close the position manually. How would this work if you are in a swing trade and you have a major outage at 3AM?

Thanks in advance
DJ

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  #129 (permalink)
 mattz   is a Vendor
 
 
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djkiwi View Post
Thanks Mattz and Lance for the responses. Also Matt thanks for replying so quickly through your brokerage. That helps quite a bit but would be grateful for a little more clarification. Please let me explain my observations/experiences with this to date:

I've been sim trading ninjatrader for the last two years using a broker supplied zenfire datafeed. Real trades have been placed directly through interactive brokers not Ninjatrader .....

For example, I've had numerous problems with the broker feed being disconnected overnight and not reconnecting. One night I left a 3 lot overnight short on oil and woke up with a naked position to find a loss of $9k as the market had spiked and my position was naked. This wasn't an isolated incident. It's interesting how these issues generally result in losses not gains.

So in respect of RTrader it's encouraging there are at least mechanisms in place to mitigate this OCO issue. Specifically though how does this work in practice?

If I put a trade through Ninja are you saying I have to put it manually through RTrader as well? Can RTrader use various rules to close a position placed through ninjatrader? For example if I have a ninja OCO order and the rithmic feed goes down or my PC loses connectivity can the RTrader mitigate the naked OCO position automatically? From what Lance wrote it appears you have to go into Rtrader and close the position manually. How would this work if you are in a swing trade and you have a major outage at 3AM?

Thanks in advance
DJ

I am asking you going forward to write to me directly on an email like you have done and I responded.
This thread is about Optimus futures feedback, and although I touch here on some technical issues that traders have the right to ask, if there are prolonged conversations, lets keep them private particularly if other brokers are mentioned.

Lets try this again: OCO orders using the Rithmic with R Trader will sit in the Rithmic infrasture.
There is no need to place both orders on Ninja and RTrader.
Both RTrader and NinjaTrader use the same feed so you will see the orders appear on both for the same account.

Lance was trying to tell you that if you NinjaTrader goes down for some reason, you could spark up RTrader and close the positions there. This is independent of OCO.

As a general rule, I always suggest to use the same feed (in my case Rithmic) for NinjaTrader your execution platform.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email support@OptimusFutures.com
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  #130 (permalink)
 torroray 
Malaysia
 
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djkiwi View Post
Thanks Mattz and Lance for the responses. Also Matt thanks for replying so quickly through your brokerage. That helps quite a bit but would be grateful for a little more clarification. Please let me explain my observations/experiences with this to date:

I've been sim trading ninjatrader for the last two years using a broker supplied zenfire datafeed. Real trades have been placed directly through interactive brokers not Ninjatrader although based on signals from ninjatrader. I want to start using my ninja ATM strategies to place trades. The reasons I've been reluctant to trade live through Ninjatrader is API/Windows 7/Broker interface issues.

For example, I've had numerous problems with the broker feed being disconnected overnight and not reconnecting. One night I left a 3 lot overnight short on oil and woke up with a naked position to find a loss of $9k as the market had spiked and my position was naked. This wasn't an isolated incident. It's interesting how these issues generally result in losses not gains.

Having said that I'm not blaming this entirely on ninjatrder. In fact I've removed a lot of custom code and indicators. Combined with Ninja API upgrades this issue has not reappeared for a couple of months. I'm quite sure a lot of the problems people experience with ninjatrader is due to poorly written custom indicators that bog down the ninja system.

So in respect of RTrader it's encouraging there are at least mechanisms in place to mitigate this OCO issue. Specifically though how does this work in practice?

If I put a trade through Ninja are you saying I have to put it manually through RTrader as well? Can RTrader use various rules to close a position placed through ninjatrader? For example if I have a ninja OCO order and the rithmic feed goes down or my PC loses connectivity can the RTrader mitigate the naked OCO position automatically? From what Lance wrote it appears you have to go into Rtrader and close the position manually. How would this work if you are in a swing trade and you have a major outage at 3AM?

Thanks in advance
DJ

One of the reason I do nor trust Ninjatrader. But so many broker offer them. Other platform being offered dont have charting and the ones that does cost hefty monthly subscription.

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  #131 (permalink)
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One of the reason I do nor trust Ninjatrader. But so many broker offer them. Other platform being offered dont have charting and the ones that does cost hefty monthly subscription.

I trust NinjaTrader. It's a solution that has worked for us while being combined with Rithmic.
Everybody has their own experience and if you seek another platform with us, I will offer it to you.

Now, PLEASE for the love of G-d ..I have ONLY ONE thread for Optimus..so can we keep it about Optimus and related stuff to Optimus.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email support@OptimusFutures.com
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  #132 (permalink)
 torroray 
Malaysia
 
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Sorry Mattz.

Will pm you directly next time

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  #133 (permalink)
paulg
NY
 
 
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lancelottrader View Post
.... Due to new regulations in the Futures market, there are certain order types that are now prohibited. For example , bracket orders.. also known as straddle orders are not allowed to be placed on the exchange. Let's say a news report was coming out and you wanted to place a buy order a few ticks above the price and a sell order a few ticks below. This way a strong move in either direction would trigger your order. Due to the regulations, you could not place such an order . But with Ninja, the orders are "virtual", meaning they are not placed with your broker on the exchange. Instead they are placed on your PC..and once the price hits your order, they get instantly triggered. ....

Are you sure about all these argumentations?........ Any documentation about that?
For example about 'virtual orders' with NT, it's my understanding that the OCO logic is saved in your PC (in that view it's 'virtual'), so if your PC crashes you are going to lose the link between the orders that remain active indipendently each other but... the orders themselves are natively placed in their respective exchanges if they support that kind of orders (tipically limit/stop orders). Anyway limit orders are always native unless you create them as synthetic (if the platform supports this feature).

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  #134 (permalink)
 NinjaTrader  NinjaTrader is an official Site Sponsor
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But with Ninja, the orders are "virtual", meaning they are not placed with your broker on the exchange. Instead they are placed on your PC..and once the price hits your order, they get instantly triggered.

...The only drawback is that if you disconnect from Ninja, or your PC goes down, you could have an open position with no stop loss or target .

The statements above are inaccurate. With the exception of our "Simulated Stop" orders which is an optional feature in NinjaTrader, orders are not virtual but submitted to the broker/exchange.

I just posted an official response on this topic here in post #7 -

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  #135 (permalink)
 lancelottrader 
Legendary Market Wizard
west palm beach florida usa
 
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NinjaTrader View Post
The statements above are inaccurate. With the exception of our "Simulated Stop" orders which is an optional feature in NinjaTrader, orders are not virtual but submitted to the broker/exchange.

I just posted an official response on this topic here in post #7 -

Sorry for the misinformation. I tried to preface my post by saying I wasn't a technical Wiz. I was just trying to explain my interpretation of what I was told. Thanks for clearing that up.

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  #136 (permalink)
 jamiej83 
London, UK
 
Experience: Advanced
Platform: Tradestation, Ninjatrader
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bpr17 View Post
I have read very good reviews for Optimus in this thread, but I would like to know the opinion from traders working outside the U.S. with Optimus.

The reason for my question is that there are other brokers well known, and very well valued, but that my experience in the past with them was very bad and even cost me money, without take any care about my claims and rights. So, I drew the conclusion was that if they did in this way it was because they know I am been living outside the U.S. and know how difficult it is a claim from abroad and they actually gave them the same.

If someone are abroad the US and work with Optimus I would appreciate some information about their experiences. Thanks.

Just wanted to share my experience to date with Optimus from a European trader's perspective. I have been an active day trader in the markets since end of 2008, predominantly trading US futures. Over the years I have had experiences with a multitude of brokers, trading platforms and datafeeds. In terms of futures brokers, I have had accounts with Tradestation, ThinkOrSwim, Infinity, Velocity, Mirus, Optimus & Interactive Brokers. Each of them has their strengths and weaknesses but as the thread is about Optimus I will focus on my experience with them.

Little bit of history - last summer, I was trading the ES (Emini SP500) through Mirus using Zenfire on NT, when the intraday volatility was extremely high. The prior year I did a fairly indepth comparison during periods of high volatility (FOMC, Non-farm payroll etc) to compare the robustness of various datafeeds as this is always the easiest time to see any lag due to the volume of data that is being passed through. Zenfire and TT were both at the top the list at the time. The reason I went with Zenfire was due to historical tick data and smoother integration with NT for chart trading.

I enter, manage and exit trades off the charts using Chart Trader with 5min candlestick charts and make trading decisions at the close of each bar. It is therefore important that the closing prices are accurate and on a timely basis (my update interval is set to 100ms on NT). For this reason, I also use Dimension4 time synchronisation software throughout the trading day to ensure that my trading PC clock is accurate and relates to the close of each bar. During this time however, I started to notice a few times that there was a significant delay (up to 5-10 secs) from when the bar was due to close and when prices caught up before opening a new bar. Obviously, my first consideration for this lag, was due to latency. I therefore ran a few ping tests to Chicago to eliminate that potential fault and was getting response times in the region of 120ms, which is fairly typical for transatlantic. I also spoke with Mirus and they weren't able to identify any faults their end.

This led me to do some research to see if mine was an isolated incident or if others were also experiencing similar issues. During this process, I came across Optimus on futures.io (formerly BMT) and spoke with Matt. He took the time to explain about his business and their relationship with Rithmic. Initially I was impressed with his model and genuine enthusiasm to help traders. I decided to take a demo to compare Zenfire + Rithmic during the periods of extreme volatility. To my surprise, Rithmic was spot on, while Zenfire was still lagging. I believe this may have been due to their servers becoming overloaded but regardless of the reason, it was evident to me there was a distinct difference! This was enough for me to make the jump. I have been with Optimus for the last year and don't have a single complaint, which is rare for me with brokers The only reason I still hold an account with Mirus is for when I occasionally trade EUREX, as Optimus are only able to offer EUREX through CQG and not Rithmic. Mirus have also recently introduced a minimum activity level of 5 round turns per month if you login to their servers, which is something Optimus don't currently.

All in all, if you are looking for a reputable broker, with selection of great trading platforms and an excellent execution & charting feed, I would highly recommend giving Matt a call at Optimus. Their commissions are competitive and they are constantly developing their toolbox to help give their traders an edge. I am more than happy to share experiences with any brokers, trading platforms or datafeeds via PM. Please note, I have no affiliation with any of the brokers mentioned above and I am giving feedback based on my personal experiences as a full time active day trader.

Hope that helps
JJ

Trading is: Having the KNOWLEDGE to know when the odds are in my favour, having the PATIENCE to wait for that moment, then having the DISCIPLINE to handle the trade properly when it goes in my favour and properly when it goes against me
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  #137 (permalink)
 bpr17 
Madrid Spain
 
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Since some days ago I have the data feed from Rithmic for NT and I am a little surprised... It seems to me rather faster than Zen-Fire. The first day when I connected with my account with Optimus I "felt" that NT charged faster the charts than ZF, but I didn't take too care. But after when by surprise the market increased highly the volume (as sometimes does in the 6E) I doubted if this increasing was really so high because with ZF I saw normally like if for a moment the DOM was stopped and after the price reappears with a very huge difference, as if it had jumped; but no, really the increase was very high but NT didn't stop, instead it gives a very fast movement impossible to follow but that I could see. After this I paid more attention and really I feel that Rithmic is faster than Zen-Fire.

Another thing that I cannot assure absolutely, because I will need more time for doing but I want to refer, is that in some moments with ZF I had a loss of connections, very few seconds but terrifying when you have a position in the market; I though that it was my internet connection despite I was watching the router working normally but... The truth is that in the last days nothing similar has happened.

(Obviously nothing in my laptop or Internet connection has changed, only the data feed).

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  #138 (permalink)
 marker 
Las Vegas, NV
 
Experience: None
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Broker: NinjaTrader Brokerage
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Here's my 2-cents.
I "used" to have account with another broker and their data feed back in 2009/2010.
In the beginning, it went well, had nothing to complain about.
Then, the havoc started.
Data feed lagging to a snails pace or a complete shut-down AT LEAST once every one or two months.
Every time, they give the usual excuse, which I didn't really care for, went in one ear and out the other.

So I opened an account with Matt/Optimus.
Couldn't be happier.
I don't think I can recall a data feed issue with Optimus.
Also, service is pretty good.
When I call, Skype, or email, I can always get a hold of someone to help me out really quick.

I recently opened another account with another broker, and it's sitting there unfunded for about 3 months so far, LOL.
I just never got around to funding it yet.
Maybe because I have no reason to, since I have no issues with Optimus.
Or I could be lazy, LOL...

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  #139 (permalink)
 lancelottrader 
Legendary Market Wizard
west palm beach florida usa
 
Experience: Advanced
Platform: ninja trader
Broker: Optimus Futures/ Rithmic
Trading: NQ
 
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If anyone out there is trading CL today, you may have seen some unbelievably fast price movement . I placed some stop orders a few seconds before a news release and another one later at a support breakout area. The price moved so fast, it went about 30 ticks in less than a quarter of a second. Both my orders filled and hit their targets flawlessly. I only had the guts to place those orders because I have even gotten filled in the past right after a crude oil report. So, again, I must say I am very impressed with the order execution I get at Optimus.

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  #140 (permalink)
 TonyB 
Bay Area, CA - US
 
Experience: Beginner
Platform: TOS, TS & MC
Broker: TDA & TS
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Just read all 14 pages, and I feel compelled to post...

I am not with Optimus, but have spoken highly of them, namely Matt, simply based upon my experiences about a year ago. I have referred folks his way because of how he treated me. Matt is respectful, caring and a true professional.

After 20+ years of stock and option trading / investing, it was clear to me that I wanted to try something different - futures. I feel that equities, ETF's and their options will remain my bread-and-butter, but I see a place for futures too. Finding futures.io (formerly BMT) was a godsend...

Through incessant reading and research (mostly here), I had come to the conclusion that I wanted to use the MultiCharts platform, the now defunct MCDT. I needed a broker and data and reached-out to Optimus via email. I got a fast response, and was speaking with Matt in no time. We spoke several times over a week or two, often an hour or longer and at least once at night as I recall, and I'm in CA!

Since I had planned to buy MC at some point (I own it now), it was important to me to use MCDT. It was apparent to me that as a newbie, I should sim trade first, before going live with real dinero. I forgot the particulars, but it was not possible at the time to set-up a sim account using MC at Optimus, with Rithmic. Matt really tried, but it wasn't doable. Maybe it is now... He knew that it was important for me to practice and to do so on my platform of choice, so he gave me the name of another broker. I was bummed as I had really grown to like the guy. I was impressed with his professionalism, thanked him, and moved-on...

So, I paper-traded with MCDT sporadically with this other broker. The experience was ok. The support was good sometimes, and not so good other times. It became clear to me that I needed to trade live, get some skin in the game and see how I handle it. My primary broker, TD Ameritrade, had just recently begun doing futures, so I've been using the TOS platform (what I use for stock and options) for trading futures. Having a great time thus far, but I really want to get back on the MC platform. And, the TDA / TOS commissions are not exactly the most competitive. That said, it looks like they'll get me down to 5 bucks RT though.

Matt, I might be contacting you soon.

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  #141 (permalink)
 mattz   is a Vendor
 
 
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TonyB View Post
Just read all 14 pages, and I feel compelled to post...

I am not with Optimus, but have spoken highly of them, namely Matt, simply based upon my experiences about a year ago. I have referred folks his way because of how he treated me. Matt is respectful, caring and a true professional.

After 20+ years of stock and option trading / investing, it was clear to me that I wanted to try something different - futures. I feel that equities, ETF's and their options will remain my bread-and-butter, but I see a place for futures too. Finding futures.io (formerly BMT) was a godsend...

Thank you for your kind words. As always, I have to give credit to my entire team at Optimus, because the reality is that they allow me to focus on my strength while they focus on theirs.

So here is an update since the last time we spoke: 1) We still do not trade equities, although sometimes in far future, I will be considering it. Although futures will always be our main focus.

2) We always had demo with MC, we just could not integrate the execution. Rithmic has extend its credentials to include fills close to six months ago.

Please PM me directly or drop me an email for technical support as I want to keep this thread for feedback.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email support@OptimusFutures.com
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  #142 (permalink)
paulg
NY
 
 
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mattz View Post
.. Rithmic has extend its credentials to include fills close to six months ago. ..

Could you please clarify? It's not clear.

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  #143 (permalink)
 torroray 
Malaysia
 
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mattz View Post
2) We always had demo with MC, we just could not integrate the execution. Rithmic has extend its credentials to include fills close to six months ago.

If I use MC chart and use Rithmic Trader to place trade, do you charge both for routing fee?

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  #144 (permalink)
 TonyB 
Bay Area, CA - US
 
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paulg View Post
Could you please clarify? It's not clear.

While I can't be certain, I'll take a stab at it... I think for historical, minute data, Rithmic goes back about 6 months now. Just a guess though. Tick data, is just day, I think.

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  #145 (permalink)
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torroray View Post
If I use MC chart and use Rithmic Trader to place trade, do you charge both for routing fee?

One fee. its per transaction.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email support@OptimusFutures.com
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  #146 (permalink)
 torroray 
Malaysia
 
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How do I get CME fee waived when subscribing to IQFeed?

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  #147 (permalink)
 Big Mike 
Site Administrator
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Manta, Ecuador
 
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torroray View Post
How do I get CME fee waived when subscribing to IQFeed?

Go here and follow instructions:

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  #148 (permalink)
 mattz   is a Vendor
 
 
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torroray View Post
How do I get CME fee waived when subscribing to IQFeed?

if you are a customer of Optimus Trading Group, all In have to do is submit a form to DTN on your behalf and your CME fee is waived.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email support@OptimusFutures.com
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  #149 (permalink)
 lancelottrader 
Legendary Market Wizard
west palm beach florida usa
 
Experience: Advanced
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Broker: Optimus Futures/ Rithmic
Trading: NQ
 
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TonyB View Post
Just read all 14 pages, and I feel compelled to post...

I am not with Optimus, but have spoken highly of them, namely Matt, simply based upon my experiences about a year ago. I have referred folks his way because of how he treated me. Matt is respectful, caring and a true professional.


I just saw this post and wanted to mention what happened to me yesterday. Although I am usually a fairly disciplined Trader..I made some foolish trades and took larger stops than usual. I then started doing several 10 contract Trades on CL to make up the loss. Needless to say, I had an epic disaster.
I contacted Matt and told him I was done...To please close my account . I told him I was devastated since I have devoted every day for the past 5 years of my life to trading, and it was all a total waste. I just felt I didn't have the proper mindset to keep doing this.
Here's some things he wrote back to me :
Lance, I hear you.
It was not a waste. At least, you could say you had balls! You tried, you learned and you took the risk!
Some guys NEVER take any risk …you did it !
I think you are a better trader than an average guy, but you just didn’t define daily risk parameters.
I have got to know you on a better level, and its sucks to lose guys like you.
But, this is such a tough game….. I respect your decision.
Do you want a check?
Matt
We had some more e-mails ...but the bottom line is..how many Brokers would respond like that when you tell them you are closing your account ? To me, that is a class act. I know people are nice when they want your business...but how about.. when you are taking your business away?
Matt, just want to thank you again for how you treated me yesterday and I hope you don't mind I posted your e-mail on the Forum.

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  #150 (permalink)
 TonyB 
Bay Area, CA - US
 
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lancelottrader View Post
I just saw this post and wanted to mention what happened to me yesterday. Although I am usually a fairly disciplined Trader..I made some foolish trades and took larger stops than usual. I then started doing several 10 contract Trades on CL to make up the loss. Needless to say, I had an epic disaster.
I contacted Matt and told him I was done...To please close my account . I told him I was devastated since I have devoted every day for the past 5 years of my life to trading, and it was all a total waste. I just felt I didn't have the proper mindset to keep doing this.
Here's some things he wrote back to me :
Lance, I hear you.
It was not a waste. At least, you could say you had balls! You tried, you learned and you took the risk!
Some guys NEVER take any risk …you did it !
I think you are a better trader than an average guy, but you just didn’t define daily risk parameters.
I have got to know you on a better level, and its sucks to lose guys like you.
But, this is such a tough game….. I respect your decision.
Do you want a check?
Matt
We had some more e-mails ...but the bottom line is..how many Brokers would respond like that when you tell them you are closing your account ? To me, that is a class act. I know people are nice when they want your business...but how about.. when you are taking your business away?
Matt, just want to thank you again for how you treated me yesterday and I hope you don't mind I posted your e-mail on the Forum.

Doesn't surprise me one bit.

lancelottrader, I don't know you, but hang in there and let this make you stronger, and a better trader. It seems that many traders, possibly most, and very successful ones have had such unfortunate experiences...

Do your best to have a fantastic weekend.

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  #151 (permalink)
 TrendTraderBH 
Detroit, Michigan
 
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@lancelottrader - I've been there too a couple times (almost exactly the same) and it sucks. The funny thing is I'm never far from it happening it again so constant vigilance is always required. This time around I got some serious training and also trading psychological help. Although that certainly doesn't make me immune it is helping.

Kudos to Matt @ Optimus for handling it like a professional (in an industry that lacks them).

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  #152 (permalink)
 lancelottrader 
Legendary Market Wizard
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TrendTraderBH View Post
@lancelottrader - I've been there too a couple times (almost exactly the same) and it sucks. The funny thing is I'm never far from it happening it again so constant vigilance is always required. This time around I got some serious training and also trading psychological help. Although that certainly doesn't make me immune it is helping.

Kudos to Matt @ Optimus for handling it like a professional (in an industry that lacks them).

Thanks..I appreciate it. I don't want to get this thread off track so I will say one last thing about this.
After talking to Matt, I have regrouped . I realize that my loss, although bad (about 10% of my account), was not catastrophic . I shouldn't have traded that day due to some stressful events going on in my life...and as Matt stated in his e-mail to me.."I failed to define my daily risk parameters. " I have decided not to give up. I will just take steps to insure this never happens again. Thanks again to everyone who has been supportive through this..especially Matt, who went above and beyond what I would expect from a Broker.

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  #153 (permalink)
 marker 
Las Vegas, NV
 
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lancelottrader View Post
Thanks..I appreciate it. I don't want to get this thread off track so I will say one last thing about this.
After talking to Matt, I have regrouped . I realize that my loss, although bad (about 10% of my account), was not catastrophic . I shouldn't have traded that day due to some stressful events going on in my life...and as Matt stated in his e-mail to me.."I failed to define my daily risk parameters. " I have decided not to give up. I will just take steps to insure this never happens again. Thanks again to everyone who has been supportive through this..especially Matt, who went above and beyond what I would expect from a Broker.

Matt is a good guy.
I don't know of any brokerage that you can call and talk to the "MAIN" person.

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  #154 (permalink)
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Thank you for all the kind words from you guys, and if there is Karma, you will received it in your personal life and business.

As far as the trading.....
Put the the following sticker on your trading monitor: "The Market Does Not Reward Randomness"

If you try to catch a low, a high, recover from losses, change your lots JUST based on hunches or just try to recover while going through an emotional frenzy, that is randomness. Emotion based randomness can take over regardless your experience, method or years trading. Every trade must have a reason based on your method.

Matt

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
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  #155 (permalink)
 Sezor 
Nîmes France
 
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lancelottrader View Post
I just saw this post and wanted to mention what happened to me yesterday. Although I am usually a fairly disciplined Trader..I made some foolish trades and took larger stops than usual. I then started doing several 10 contract Trades on CL to make up the loss. Needless to say, I had an epic disaster.
I contacted Matt and told him I was done...To please close my account ..

Apparently something like this is a known form of behavior amongst poker players.
They lose their normal state of mind and do things they would never normally do - for a time which may be short, may be long.
Happened to read it today.
Sezor

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Sezor View Post
Apparently something like this is a known form of behavior amongst poker players.
They lose their normal state of mind and do things they would never normally do - for a time which may be short, may be long.
Happened to read it today.
Sezor


Yes, it only happens to gamblers. As a trader I am sure you have always been in control.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
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 PandaWarrior 
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lancelottrader View Post
Thanks..I appreciate it. I don't want to get this thread off track so I will say one last thing about this.
After talking to Matt, I have regrouped . I realize that my loss, although bad (about 10% of my account), was not catastrophic . I shouldn't have traded that day due to some stressful events going on in my life...and as Matt stated in his e-mail to me.."I failed to define my daily risk parameters. " I have decided not to give up. I will just take steps to insure this never happens again. Thanks again to everyone who has been supportive through this..especially Matt, who went above and beyond what I would expect from a Broker.

If Matt has the capability, have an auto daily draw down circuit break installed on your account to prevent anything like this happening again. Not sure if he does or not but some do...set it at 1-2% of your account and then trade away knowing you can never have an epic failure again....and if he has the ability, have him set a max contract size as well....something within your limits but also allows you to put on reasonable size if you see a great opportunity set up with low risk....

Just an idea

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #158 (permalink)
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PandaWarrior View Post
If Matt has the capability, have an auto daily draw down circuit break installed on your account to prevent anything like this happening again. Not sure if he does or not but some do...set it at 1-2% of your account and then trade away knowing you can never have an epic failure again....and if he has the ability, have him set a max contract size as well....something within your limits but also allows you to put on reasonable size if you see a great opportunity set up with low risk....

Just an idea

All you have to do is ask for increased margins to limit the # of contracts.
But there isn't a platform that I offer that would disable itself once a certain loss has been reached.

Sadly, my competition, has set the precedence for lower margins which are ridiculous, lower account size,etc
Beginners see "$300 Margin" and think its an "advantage" and its not....but by now most of you know it.

Trade Slowly, carefully and survive another day to trade tomorrow.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
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  #159 (permalink)
 Nicolas11 
near Paris, France
 
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Hi Matt,

My 2 cents...

Of course, at least in my opinion, leverage shall not be considered for position sizing. Position sizing shall only depend on the size of the stop-loss (for instance: x ticks) and the accepted risk per trade (for instance: 0.y% of the capital). Or similar.

But I see one advantage with low margins: it decreases the part of the trading capital to be physically moved to the broker's (the rest of the trading capital can remain on a personal bank account at the bank). Broker's bankruptcy might happen. Even if clients' accounts are segregated, etc., it is better to limit as far as possible this kind of "counterparty risk". Simply by moving to the broker only the capital used for trading as per the margin requirements.

But this is just a positive side-effect of leverage (for me). I would never choose a broker because they propose 1:100 instead of 1:40. And I am reluctant to explore the Web site of brokers which advertise mainly on the basis of high leverage. For me, it is simply the contrary of professional trading.

I take the opportunity of this message to thank you for your availability and kindness on futures.io (formerly BMT)!

Nicolas

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Nicolas11 View Post
Hi Matt,



I take the opportunity of this message to thank you for your availability and kindness on futures.io (formerly BMT)!

Nicolas

Thank you Nicolas.

I appreciate your words and I must reciprocate and say that the futures.io (formerly BMT) consist of courteous individuals as yousrself that it is a pleasure to communicate with.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
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  #161 (permalink)
 lancelottrader 
Legendary Market Wizard
west palm beach florida usa
 
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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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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

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
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  #163 (permalink)
 Futures Operator 
New York, NY
 
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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)
 guppy 
Los Angeles, CA
 
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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)
 TrendTraderBH 
Detroit, Michigan
 
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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)
 mattz   is a Vendor
 
 
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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.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
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 Jura 
The Netherlands
 
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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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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.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
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  #169 (permalink)
 sleepy 
London, UK
 
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Matt,

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

sleepy

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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.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
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  #171 (permalink)
 Futures Operator 
New York, NY
 
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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?

Matt, could you address my post please?

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  #172 (permalink)
 Koepisch 
@ Germany
 
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Hi Matt,

please can you share some screenshots from your accounting/statistic page from customer area? Can you further say something about the methods and costs of withdrawels (especially for non-us customer)?

Thanks a lot,
Koepisch

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Koepisch View Post
Hi Matt,

please can you share some screenshots from your accounting/statistic page from customer area? Can you further say something about the methods and costs of withdrawels (especially for non-us customer)?

Thanks a lot,
Koepisch

I will try and share a few screen shots but I need some time on that so it wont reveal acct #, etc
Let me see if there is a "demo" view for that.

The cheapest way to get your funds when you are a foreign account is via check, but that takes some time to arrive I expect. International Wires are $40. Just keep in mind that I can help with cost depending on your trading activity.
Please PM me or drop me an email. matt (AT) optimusfutures.com

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
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  #174 (permalink)
 Koepisch 
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Hi Matt,

this is a friendly reminder to make a few screenshots from your accounting/statistic page. An other good answer could be: Currently we make a major update of the customer area, to include features and "Look and Style" like ve...ity futures has.

Thanks,
Koepisch

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Koepisch View Post
Hi Matt,

this is a friendly reminder to make a few screenshots from your accounting/statistic page. An other good answer could be: Currently we make a major update of the customer area, to include features and "Look and Style" like ve...ity futures has.

Thanks,
Koepisch

Please PM me with your email. I will send it to you. Apologies for the delay.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
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  #176 (permalink)
 Futures Operator 
New York, NY
 
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mattz View Post
Please PM me with your email. I will send it to you. Apologies for the delay.

Post it for everyone to see please.

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  #177 (permalink)
ondafringe
Albuquerque, NM, USA
 
 
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I second that. Please post so all can see.

And, Matt, if you would respond to the Vision thread, that would also be appreciated.

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  #178 (permalink)
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I appreciate your requests and understand the spirit of futures.io (formerly BMT), but I can not display the portal publicly.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
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  #179 (permalink)
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ondafringe View Post
I second that. Please post so all can see.

And, Matt, if you would respond to the Vision thread, that would also be appreciated.

I have found the thread and replied to it.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
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  #180 (permalink)
 aligator 
Las Vegas, NV
 
Experience: Advanced
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@mattz,,

Is your website down or non-responsive. I have had no response to at least a of couple requests for the past week, a response supposed to be in a few moments.

Thanks.

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  #181 (permalink)
 mattz   is a Vendor
 
 
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aligator View Post
@mattz,,

Is your website down or non-responsive. I have had no response to at least a of couple requests for the past week, a response supposed to be in a few moments.

Thanks.

This looks like the page that customers get redirect to once they fill out a demo form.
An email should be going out, unless the system thinks it's spam or a repetitive email asking for demo.
I welcome your call so I can see what is going on. Also, since the first email is long please check your spam folder.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
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  #182 (permalink)
 Futures Operator 
New York, NY
 
Experience: Intermediate
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aligator View Post
@mattz,,

Is your website down or non-responsive. I have had no response to at least a of couple requests for the past week, a response supposed to be in a few moments.

Thanks.

I had the same experience with the website a couple weeks ago, never received any response for multiple requests over a week, nothing in spam, had to email/call Matt and he got me set up.

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  #183 (permalink)
 mattz   is a Vendor
 
 
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Futures Operator View Post
I had the same experience with the website a couple weeks ago, never received any response for multiple requests over a week, nothing in spam, had to email/call Matt and he got me set up.

In your case, it could be that because you have requested like 4 different platform demos all within a short period of time the system categorized you as a spammer. I apologize for the inconvenience.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
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  #184 (permalink)
 aligator 
Las Vegas, NV
 
Experience: Advanced
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mattz View Post
This looks like the page that customers get redirect to once they fill out a demo form.
An email should be going out, unless the system thinks it's spam or a repetitive email asking for demo.
I welcome your call so I can see what is going on. Also, since the first email is long please check your spam folder.

@mattz, Thanks.

In my case, I just repeated my request because I did not get any responses, I guess that qualifies one as spammer.
Thanks anyways, if am asked to give my e-mail and phone number, at least I deserve a response, regardless. That should make one comfortable these days.

Cheers!

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  #185 (permalink)
 Futures Operator 
New York, NY
 
Experience: Intermediate
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mattz View Post
In your case, it could be that because you have requested like 4 different platform demos all within a short period of time the system categorized you as a spammer. I apologize for the inconvenience.

I did one first and waited a few days, only tried a few times later on since it did not work. I also directly requested all the platforms from their vendor sites, not Optimus'. No problem, my intention is not to complain. Only mentioning it since aligator had the same issue, and for your information, in case there is a problem, so you can address it and don't lose any potential customers. Thanks for getting me all set up.

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  #186 (permalink)
 yonatan 
Haifa Israel
 
Experience: Beginner
Platform: sierra chart
Broker: Optimus Trading Group/Rithmic
Trading: es
 
Posts: 90 since Apr 2012
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I'm with Optimus for the last 3 months and I am very happy so far. Matt was very kind and helpful from our first chat but he never gave a feeling that he is trying to push me into doing business with them which was a big plus for me. He is very knowledgeable about all the techy stuff and when it comes to this combination of Optimus with their Rithmic feed and the large variety of trading platforms they work with it's a wonderful solution for me. The Rithmic feed is a true non filtered tick by tick data feed and they are known for their super fast execution. They are also qualified to offer the CME exchange fee waivers with IQFeed if you need it. Because of past experience I was quiet anxious about the account opening process since my account is a corporate account from a foreign country and I expected this to be a lengthy process with lots of misunderstandings along the way but Jennifer walked me through it so kindly and efficiently that it was all done faster then I could imagine.
This might not be the perfect solution for tiny accounts because they do not offer a $350 margin for the ES but other than that i find Optimus to be a surprisingly good solution.

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  #187 (permalink)
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yonatan View Post
I'm with Optimus for the last 3 months and I am very happy so far. Matt was very kind and helpful from our first chat but he never gave a feeling that he is trying to push me into doing business with them which was a big plus for me. He is very knowledgeable about all the techy stuff and when it comes to this combination of Optimus with their Rithmic feed and the large variety of trading platforms they work with it's a wonderful solution for me. The Rithmic feed is a true non filtered tick by tick data feed and they are known for their super fast execution. They are also qualified to offer the CME exchange fee waivers with IQFeed if you need it. Because of past experience I was quiet anxious about the account opening process since my account is a corporate account from a foreign country and I expected this to be a lengthy process with lots of misunderstandings along the way but Jennifer walked me through it so kindly and efficiently that it was all done faster then I could imagine.
This might not be the perfect solution for tiny accounts because they do not offer a $350 margin for the ES but other than that i find Optimus to be a surprisingly good solution.

Yonatan, thank you for your kind words and for mentioning Jennifer. She is our office manager, and she works quite hard in order to make sure the administrative process is smooth and "painless".

As for our margin: We provide what we consider adequate margin for traders while not encouraging to over leverage their positions. I have said it here many times before that beginners who are attracted to very low margins, are making a very big mistake in my opinion. it is encouraging the behavior that could carry you throughout your life as a trader (over leveraging and over trading). You could find one day a niche and an edge in your trading, but if you over leverage it will affect your bottom line. Again, we do provide good trading margins without going to extrems.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email support@OptimusFutures.com
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  #188 (permalink)
 kevinkdog   is a Vendor
 
 
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mattz View Post
I have said it here many times before that beginners who are attracted to very low margins, are making a very big mistake in my opinion. it is encouraging the behavior that could carry you throughout your life as a trader (over leveraging and over trading). You could find one day a niche and an edge in your trading, but if you over leverage it will affect your bottom line. Again, we do provide good trading margins without going to extrems.

This should be required reading for any new trader looking for lowest margins...

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  #189 (permalink)
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kevinkdog View Post
This should be required reading for any new trader looking for lowest margins...

@kevinkdog, I further find it vey hard to "unlearn" habits that you are accustomed to even if they
don't put the odds in your favor. It is so important to develop the right attitude towards risk in the initial stages.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
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  #190 (permalink)
 yonatan 
Haifa Israel
 
Experience: Beginner
Platform: sierra chart
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I absolutely agree with that although I had to blow up a few tiny accounts before I understood that the margin is one of my safety nets not my enemy.

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  #191 (permalink)
paulg
NY
 
 
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Matt, could you address my post please?

"Any updates on this? Would be nice to have a daily max loss limit feature at the account level, like some fcm's offer. "

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  #192 (permalink)
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paulg 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. "

So far we have implemented an overall stop for the account specified by an amount, but not on a daily basis.

Matt

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
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  #193 (permalink)
paulg
NY
 
 
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mattz View Post
So far we have implemented an overall stop for the account specified by an amount, but not on a daily basis.

Matt

Matt,

Thanks for your feedback. Well, clearly any customer with any clearer/cannot keep a position open without a specific level of money available in his/hear account; so incidentally there is an 'overall stop' that forces to close the position in order to protect the clearer according to some risk management thresholds.

So what do you mean by amount but not referred to a daily basis?
Regards,
Paul

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  #194 (permalink)
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So what do you mean by amount but not referred to a daily basis?
Regards,
Paul

Since I use Rithmic for majority of my platforms, one of the risk parameters allows us to specify an overall amount you want to quit at. For example, let's say you $5K, and you want to have a stop at $1,500 and then quit.
At that point, the system will go flat according to my understanding.

Matt

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
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  #195 (permalink)
 TRich 
Tampa, Florida/USA
 
Experience: None
Platform: eSignal
Broker: Optimus/Rithmic
Trading: CL, ES
 
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Hi Everyone

This is my first post here on futures.io (formerly BMT). I've been trading stocks since 2001 and futures since 2006. I've had equity accounts with 4 different discount brokers and and did all of my futures and some equities trading for the past several years through another quite popular discount broker. Last October I had some issues with the aforementioned broker and so I begrudgingly decided to undergo the very unpleasant task of yet again searching for a new broker. Fortunately, one of my searches brought my attention to this blog and subsequently turned me on to Optimus Trading. (Much thanks to you all who posted and made my search much easier this time around)!

After reading a number of threads here, including this one, I gave Optimus a call this past Thursday afternoon, asked a couple of questions which were quickly and easily answered to my satisfaction by Jennifer and Chad, and decided to open an account. Within an hour of completing the application I received an unsolicited call from Matt, who gave me a little over an hour of his time. He showed a genuine interest in my trading requirements and made it clear that he was available to provide any assistance I might need in the transition over to their brokerage/platform.

If I hadn't botched the wire transfer process on Monday, (and if my now prior broker hadn't held off communicating my error to me until after the market closed that day), I would have been trading by Wednesday morning. The money did finally transfer by Wednesday evening and by 9:30 this morning I had received the necessary information from Vision Financial to run integrated trading through eSignal with the Rithmic data feed. I'm not a computer/tech type person but the instruction provided was clear and easy to follow effortlessly. I had a rare technical issue with my charting platform, unrelated to Optimus or Rithmic, and needed to run some errands after so I was not able to trade today until 2pm. I had one successful ES scalp for 3.5 and 4 points and can tell from that one trade that there is a CONSIDERABLE difference between the data coming from Rithmic and what I was receiving from my prior broker. Since I am not a tech person I don't know how to explain it in that way, but suffice it to say I have been very focused on trading ES and CL every market day for several years, and so I'm quite familiar with the movement of the data feed from my broker. Using Rithmic had me feeling like I had been trading in the dark all this time, not really seeing what was actually going on, so it was as if someone had turned on the lights when I hadn't even been aware that I was sitting in the dark. I am very much looking forward to this new experience of trading "with my eyes open".

Thanks again to all who gave input here. I'll do my best to reciprocate over time.

For anyone looking for a broker at this point I highly recommend giving Optimus a call and talk with Matt if he's available. Based upon my experience with them so far I will be recommending them to anyone who inquires.

Take care.

Rich

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  #196 (permalink)
 yonatan 
Haifa Israel
 
Experience: Beginner
Platform: sierra chart
Broker: Optimus Trading Group/Rithmic
Trading: es
 
Posts: 90 since Apr 2012
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My experience with Optimus has been just the same and their Rithmic feed is a true unfiltered tick by tick feed. Btw, the combination of Optimus+Rithmic+Sierra Chart has some special benefits. Matt will tell you about it if you are interested.

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paulg
NY
 
 
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yonatan View Post
My experience with Optimus has been just the same and their Rithmic feed is a true unfiltered tick by tick feed. Btw, the combination of Optimus+Rithmic+Sierra Chart has some special benefits. Matt will tell you about it if you are interested.

Are these 'special benefits' a secret?

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  #198 (permalink)
 TRich 
Tampa, Florida/USA
 
Experience: None
Platform: eSignal
Broker: Optimus/Rithmic
Trading: CL, ES
 
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yonatan View Post
My experience with Optimus has been just the same and their Rithmic feed is a true unfiltered tick by tick feed. Btw, the combination of Optimus+Rithmic+Sierra Chart has some special benefits. Matt will tell you about it if you are interested.

Just wrapped up my first full day of trading. Rithmic was quite a pleasant difference from what I've been used to! I'll check Sierra Charts out but, to be honest, I am quite pleased with my eSignal experience since 2001 so it would be pretty tough to get me to change, but redundancy is always a good thing so I'm open. Thanks for the head's up!

Rich

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  #199 (permalink)
 lancelottrader 
Legendary Market Wizard
west palm beach florida usa
 
Experience: Advanced
Platform: ninja trader
Broker: Optimus Futures/ Rithmic
Trading: NQ
 
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TRich View Post
Just wrapped up my first full day of trading. Rithmic was quite a pleasant difference from what I've been used to! I'll check Sierra Charts out but, to be honest, I am quite pleased with my eSignal experience since 2001 so it would be pretty tough to get me to change, but redundancy is always a good thing so I'm open. Thanks for the head's up!

Rich

I've been with them almost 2 years now..and I have yet to submit an order that wasn't filled immediately. After some pretty negative experiences with other brokers over the years, I am quite relieved to have found Optimus.

Failure is not an option
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  #200 (permalink)
AutoTrader
Zurich, Switzerland
 
 
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Guys, I'm looking at several brokers including Optimus/Vision for opening an account.

1. What is the relationship between Optimus and Vision ? Are they the same company ?
2. Are their commissions competitive with Deep Discount Trading's ?

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