Webinar: LinnSoft Investor/RT Overview - Investor/RT | futures io social day trading
futures io futures trading


Webinar: LinnSoft Investor/RT Overview
Updated: Views / Replies:17,885 / 59
Created: by LS Chad Attachments:3

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 3  
 
Thread Tools Search this Thread
 

Webinar: LinnSoft Investor/RT Overview

  #21 (permalink)
Elite Member
Bala, PA, USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus, IB
Favorite Futures: SPY, Oil, Euro
 
monpere's Avatar
 
Posts: 1,858 since Jul 2010
Thanks: 300 given, 3,276 received


Lornz View Post
I completely agree. I think IRT/MD is the best charting platform out there. Their RTL is extremely intuitive (I am programming illiterate) and a lot of the advanced functionality (especially with regard to volume breakdown) has significantly improved my bottom line. I use CQG IC for trading (and some charting), but I still use MD for additional analysis. I would hate for MD (or IRT, for that matter) to become unstable or more of a resource hog due to them becoming an "all-in-one".

I/RT would be more attractive to me, if it had a chart trader. If it already has trade execution ability, then adding a chart trading user interface is extremely simple, just convert a click location on the screen to the price on the screen's scale, and you have a chart trader. Now, if they add some auto trade management like NT, which is also not very difficult, then I'm pretty much sold.

Reply With Quote
 
  #22 (permalink)
Membership Revoked
Oslo, Norway
 
Futures Experience: Advanced
Platform: CQG, Excel
Favorite Futures: CL
 
Lornz's Avatar
 
Posts: 1,198 since Apr 2010
Thanks: 500 given, 1,235 received


monpere View Post
I/RT would be more attractive to me, if it had a chart trader. If it already has trade execution ability, then adding a chart trading user interface is extremely simple, just convert a click location on the screen to the price on the screen's scale, and you have a chart trader. Now, if they add some auto trade management like NT, which is also not very difficult, then I'm pretty much sold.

As long as it stays fast and stable, it doesn't really matter to me. But I think there are a lot of others like you out there. IMHO, IRT is far superior to NT. Adding full trading capabilities would probably increase their business.

Reply With Quote
 
  #23 (permalink)
Membership Permanently Revoked
 
Futures Experience: Intermediate
 
Posts: 1,176 since Nov 2009
Thanks: 221 given, 844 received



Lornz View Post
As long as it stays fast and stable, it doesn't really matter to me. But I think there are a lot of others like you out there. IMHO, IRT is far superior to NT. Adding full trading capabilities would probably increase their business.

or it would drain their business...

case in point, MC... they are now focused on their "active trader" features and they have completely disregarded making improvements to their automation... or even adding new indicators or functionality...

if IRT/MD was my business to run, I would focus on what I do best (charting) and not try to be everything to everyone.. I can guarantee you that IRT/MD is a lot more profitable than NT7 and from my own experience I know their support is 1000 times superior to NinjaTrader. The community supports NT7, not the vendor.

think about this...

when was the last time that NinjaTrader had anything new to innovate? GomiCD is not produced by them, and they took well over 2 years in beta with delay after delay to produce NT7 and their ATM features have not really advanced at all since 6.X code tree....

that they support 64b or that they dont crash as much or that they finally added the ability to have multiple timeseries is not innovation, but rather features that had existed on other platforms that they were behind on for a very, very long time.

by contrast; IRT/MD innovates at a pace that at times can be mind blowing... new features (useful ones) are implemented at a rate that can only be achieved because their resources are focusing on 10 things related to charting and looking at new novel ways to analyze trade data and represent it meaninfully; not 100 things related to charting, trade management and automated trading... and not doing any of them any better than before.

anyhow, let me get down from my soapbox.. all this is just how I see things..

Reply With Quote
The following 3 users say Thank You to sysot1t for this post:
 
  #24 (permalink)
Elite Member
Bala, PA, USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus, IB
Favorite Futures: SPY, Oil, Euro
 
monpere's Avatar
 
Posts: 1,858 since Jul 2010
Thanks: 300 given, 3,276 received


sysot1t View Post
or it would drain their business...

case in point, MC... they are now focused on their "active trader" features and they have completely disregarded making improvements to their automation... or even adding new indicators or functionality...

if IRT/MD was my business to run, I would focus on what I do best (charting) and not try to be everything to everyone.. I can guarantee you that IRT/MD is a lot more profitable than NT7 and from my own experience I know their support is 1000 times superior to NinjaTrader. The community supports NT7, not the vendor.

think about this...

when was the last time that NinjaTrader had anything new to innovate? GomiCD is not produced by them, and they took well over 2 years in beta with delay after delay to produce NT7 and their ATM features have not really advanced at all since 6.X code tree....

that they support 64b or that they dont crash as much or that they finally added the ability to have multiple timeseries is not innovation, but rather features that had existed on other platforms that they were behind on for a very, very long time.

by contrast; IRT/MD innovates at a pace that at times can be mind blowing... new features (useful ones) are implemented at a rate that can only be achieved because their resources are focusing on 10 things related to charting and looking at new novel ways to analyze trade data and represent it meaninfully; not 100 things related to charting, trade management and automated trading... and not doing any of them any better than before.

anyhow, let me get down from my soapbox.. all this is just how I see things..

I think what you are saying is that I/RT just has more innovative talent. That being the case, I think whatever they decide to do, they are going to do it better. If they decide to do chart trader, they will probably do it better; if they decide to do ATM's they will probably do it better. And, since they would just be implementing features that have already been designed and proven in the industry, they don't even have to go back to the drawing board, just write the code to implemented the features. And, it they come with any innovative improvements in the process, the better.

Reply With Quote
 
  #25 (permalink)
Elite Member
Georgia, US
 
Futures Experience: None
Platform: Various
Favorite Futures: Various
 
josh's Avatar
 
Posts: 4,897 since Jan 2011
Thanks: 5,143 given, 11,242 received


sysot1t View Post
anyhow, let me get down from my soapbox.. all this is just how I see things..

You seem to be making a (false) correlation between the fact that NT has order entry and that their software and support is otherwise pretty crappy. I think that IRT has more functionality than NT--the VB indicator in and of itself provides more usable functionality than all the NT indicators combined. It's just that they don't have a DOM and real order entry. IRT is better because Chad and whoever else (sorry, I have only corresponded with Chad and Dr. Linn) are better at what they do than the NT guys. Bottom line. If you think adding a DOM would dilute the quality, you're missing the fact that IRT is quality software because of the people who make it happen.



sysot1t View Post
or even adding new indicators

As an aside, does the trading community really need MORE new indicators that don't do anything useful?

Reply With Quote
 
  #26 (permalink)
Membership Permanently Revoked
 
Futures Experience: Intermediate
 
Posts: 1,176 since Nov 2009
Thanks: 221 given, 844 received


josh View Post
You seem to be making a (false) correlation between the fact that NT has order entry and that their software and support is otherwise pretty crappy.

actually, not making a false correlation, not sure where you get that from..

it is a matter of truth that the only good thing about NT7 is ATM... they have one of the best trade management features available to retail... well, they had for the longest time given that though it is good, it is still rather limited and has not changed in years so they are behind the curve now... no innovation has taken place from Ninjatrader perspective... and to be clear, I own a multibroker license, so it is not like I have not made an investment on Ninjatrader..

the correlation I am making is simple and true... and not just restricted to ninjatrader.

when a company spreads their resources thin, and their revenue stream is extremely limited, they do not produce good software... or any product ... there are 100's of company failures that are due to not focusing on what gave them a competitive advantage on the market place and trying to address or enter too many markets... some recognize it quick, others are absorved after their failure... think CSCO and SUNW...

please note that I am not saying that a company cant address all needs of a given user base... CQG is one of those few companies that does and that is mainly because they count with significant resources behind them, so they are not spreading their resources thing and have multiple revenue streams within their business model... I personally laugh every single time someone on this forum complains about how expensive CQG is given that in the context of reliability and feature set for trading (assuming you are trading for a living) it is not, it is actually quite cost effective if your account and trading style supports it..

anyhow, I have stated my points of views and I have provided supportive arguments for those points of views, I am yet to see a supportive argument as to how NT7 is better because they do everything (charting/trading/algo)... and I am yet to see a supportive argument that would show that IRT/MD would benefit from trying to satisfy the whole market place...

and please dont go with they would increase their user base... do you realize that their current revenue model assuming a subscriber averages $2500/yr represents to them about 2.5MM/yr per 1K subscribers? and I can assure you they do not have just 1K subscribers... by contrast, the same 1K users represents $600K/yr to NinjaTrader assuming a monthly revenue stream, or $1MM one time sales of 1K licenses... oh, dont forget that they are stuck supports thousands of non-paying users...

I can tell you which company I rather own or be a part of... and it is certainly not Ninjatrader..


Reply With Quote
 
  #27 (permalink)
Membership Permanently Revoked
 
Futures Experience: Intermediate
 
Posts: 1,176 since Nov 2009
Thanks: 221 given, 844 received


josh View Post
As an aside, does the trading community really need MORE new indicators that don't do anything useful?

funny that you selected the "new indicators" and left out "or functionality'... the whole point, which I still believe and stand by, is that Ninjatrader has not produced anything innovative within their platform in about 2 years.. they are just playing catch up..

Reply With Quote
 
  #28 (permalink)
Elite Member
Georgia, US
 
Futures Experience: None
Platform: Various
Favorite Futures: Various
 
josh's Avatar
 
Posts: 4,897 since Jan 2011
Thanks: 5,143 given, 11,242 received


sysot1t View Post
actually, not making a false correlation, not sure where you get that from..

You used multicharts as an example of a company who recently is "slacking" on their base produce because they added new features.

You also said this:


sysot1t View Post
dont ruin a great charting platform by adding features that are already addressed in the market place by plenty of trading applications..

You implied that adding features will lead to "ruin."

I'm simply saying that while adding new features will always necessarily take away from work on existing features, that it's the quality of the programmers who will determine the outcome. And IMO, IRT has good programmers.


sysot1t View Post
I can tell you which company I rather own or be a part of... and it is certainly not Ninjatrader..

Agree--I think the guys at the NT forum have posted my posts on the wall and use them for dartboards, they're not fans of me that's for sure.

And I agree that Linnsoft probably makes more money, certainly from retail users that's for sure, and thus they support their product well because there are no leechers as with NT. If you look at my first post, I said it would make ME happy, I didn't say it would bring more users to IRT. Check it out. I did say that people would take advantage of a lifetime license, however, though I don't know if the math would work for them to make it profitable.

NT is NOT better. I don't think anyone said it was. But if you want to place live orders, it's the obvious choice of the two. And I don't want to pay for and run two programs. Running these two side-by-side eat up more resources and require more work to keep things flowing smoothly (like switching instruments for example) that it's easier for me to just use one program.

Reply With Quote
 
  #29 (permalink)
Elite Member
Georgia, US
 
Futures Experience: None
Platform: Various
Favorite Futures: Various
 
josh's Avatar
 
Posts: 4,897 since Jan 2011
Thanks: 5,143 given, 11,242 received


sysot1t View Post
funny that you selected the "new indicators" and left out "or functionality'... the whole point, which I still believe and stand by, is that Ninjatrader has not produced anything innovative within their platform in about 2 years.. they are just playing catch up..

I'd be happy if NT would just do things intelligently that they already do (no CTRL+ for vertical scrolling, no CTRL+arrow for zoom in-out, etc.). I'm not really needing innovative, though I suppose it would be a nice bonus--if you're a good trader I think that a simple chart setup will work for most people... I just need things to work well.

Reply With Quote
 
  #30 (permalink)
Membership Permanently Revoked
 
Futures Experience: Intermediate
 
Posts: 1,176 since Nov 2009
Thanks: 221 given, 844 received



josh View Post
You used multicharts as an example of a company who recently is "slacking" on their base produce because they added new features.

I never said that they were slacking because they added new features, please read what I wrote..

MC is forgoing their roots (system trading) and diverting their resources to address discretionary trading features... yes, those are new features to them, but they are being executed at the expense of their system trading features advancing... so they are slacking on their core business to expand their user base..

IMO they are going to end up no different than NT, and given that TRAD finally has woken up from their long slumber with TS9 and their acquisition of GRAIL, it is a matter of time before they are not as relevant which IMO is the main driver behind their diversification effort..

but then again, who would want to use TS9 as long as TRAD is the only broker? luckily for us, there are pleny of ELD's that will allow the orders to be submitted to alternative clearing brokers vs. using TRAD network, and still be faster than TRAD... but now I digress.. so back to the original topic..

Reply With Quote

Reply



futures io > > > > Webinar: LinnSoft Investor/RT Overview

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Linnsoft Investor/RT Big Mike Investor/RT 36 March 15th, 2016 05:24 PM
Investor/RT vs Market Delta ntsst3 The Elite Circle 18 March 5th, 2014 10:10 AM
Volume Breakdown on Investor/RT Big Mike Investor/RT 12 July 15th, 2012 04:01 AM
Investor/RT 10.4 beta Big Mike Investor/RT 4 August 13th, 2011 10:33 PM
ADXVMA on Investor/RT Big Mike Investor/RT 20 June 22nd, 2011 01:47 PM


All times are GMT -4. The time now is 11:35 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-12 in 0.09 seconds with 19 queries on phoenix via your IP 54.234.255.29