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How does ESignal compare to other platforms?
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How does ESignal compare to other platforms?

  #1 (permalink)
Elite Member
Dewitt Mi
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Amp/CQG and Infinity
Favorite Futures: Futures
 
Posts: 52 since Sep 2009
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How does ESignal compare to other platforms?

I have choice to make about platforms, I am currently familiar with NT 6.5 but I have no particular love for it. Progrmming in C# is beyond me at this point, but I can make strategies using the wizard native to NT. There are many features in NT that I like, but I just had a week of hands on with TradeStation and it is an excellent platform as well. My broker, Infinity Futures, recommends E Signal since I will be using TransAct to clear the trades. I will be using their AT platform for live trading and ESignal for strategies and possible automation. Interestingly, they recommend not using TradeStation, said is was finicky.
I am a bit new to all of this and if I am going to put time into getting up to speed on a new platform I want to make a good choice. I would like Big Mike's forum's opinion on this.

Thank you,

John

Moderator Note
Moved from TH General to Platforms. -- Big Mike



Last edited by Big Mike; May 26th, 2010 at 07:21 PM. Reason: moved
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  #2 (permalink)
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  #3 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
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John,

I don't like TradeStation, but I do use MultiCharts, which is basically TradeStation on steroids. I used Ninja for a long, long time but felt I outgrew it in many ways. There is no need repeating what has already been said in the other thread about NinjaTrader here, and the other thread about MultiCharts here.

As for eSignal, I used their data with NT for a brief time, but I never really seriously considered their charting platform, so I can't speak to that.

I would say that, for me personally, C# is not needed to be profitable. Advanced is not better in this case. EasyLanguage lets me do all I need to do for my simple indicators, and enough power in strategies to do all I need to do on the side as a hobby for automated strategies.

To me, I prefer simple, fast, stable over complex. Even if means fewer features, if you think about what is actually important in making money, it's probably not bells and whistles but instead stability, consistency, reliability, etc. That said, each person chooses their platform based on how well it fits their needs.

Someone doing market profile might choose MarketDelta for instance. Some choose Ensign for their drawing tools. Some choose Ninja for its large indicator base. It will be based on your own style and what is important to you.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
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  #4 (permalink)
Membership Revoked
 
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Choosing a trading platform is one of the most difficult things in life (after choosing a car and a wife that is....)

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  #5 (permalink)
Elite Member
Dewitt Mi
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Amp/CQG and Infinity
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MetalTrade,
Agreed!
That is the value of opinions from a group such as this.
John

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  #6 (permalink)
Elite Member
Michigan, Jackson
 
Futures Experience: Intermediate
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LEASE vs OWN

It will also depend on whether you want to LEASE or OWN. I prefer to own on the condition that I continue to receive upgrades.

Leasing is not a bad option, especially if you think you may not be satisfied with your choice later on.

COTtrader
"Ken"

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  #7 (permalink)
Trading Apprentice
wsterville, Ohio
 
Futures Experience: Intermediate
Platform: TradeStation
Favorite Futures: EC and ZB
 
dragon66's Avatar
 
Posts: 7 since Jul 2010
Thanks: 2 given, 2 received

Hi Big Mike, in your post you said you prefer simple, fast, and stable I would agree so whom have you found to fit the billing and preferably in easy language. Thanks!

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  #8 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
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Posts: 46,240 since Jun 2009
Thanks: 29,353 given, 83,234 received


dragon66 View Post
Hi Big Mike, in your post you said you prefer simple, fast, and stable I would agree so whom have you found to fit the billing and preferably in easy language. Thanks!

MultiCharts.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #9 (permalink)
 Vendor: www.esignal.com 
San Francisco
 
Futures Experience: Advanced
Platform: esignal
Favorite Futures: ES
 
Posts: 7 since Jun 2011
Thanks: 0 given, 1 received

eSignal does not allow automated trading. You can write code to the charts, which is Java based. If you clear through transact, you don't pay exchange fees, only pay the eSignal fee.

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  #10 (permalink)
Trading Apprentice
london
 
Futures Experience: Intermediate
Platform: ninjatrader
Favorite Futures: ftse ym
 
Posts: 10 since Oct 2010
Thanks: 0 given, 5 received


I feel that Big Mike is right, and would only add one thing. Beware of the influence of the Trading Platform you choose to " Dictate " the " Trading Style " that you steer towards !!!.

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