Platform: "I trade, therefore, I AM!"; Theme Song: "Atomic Dog!"
Favorite Futures: EMD, 6J, ZB
Posts: 798 since Oct 2009
Thanks: 216 given,
order management improvements
the static dome is the basic form of order entry, that the automated system are thanking the trading gods for.
ok, that was a reference to "Any Given Sunday, when Coach Tony D had a string of victories on his side, and the commentators were saying that he must be thanking the Football Gods for.
ok, in all seriousness, any automated system as well as most of the other retail brokerage trading platforms, have more sophisticated static order entry domes, and are really happy that all those retail customers still using something as clunky and archaic as what we use, still is in existence.
without being specific, and allowing for the surprise factor to be achieved, by not being specific, another request for NT8 would be to rewrite and significantly improve the dome(s), or at least the static dome.
A) observe at least 4 other platforms, whether Navigator, X-Trader, TradeStation, or any other combination of retail platforms in this specific area and see what features they offer
B) observe those dome features, from the perspective of betting your bottom dollar, not from the perspective of cold, clinical, freezing doctor's hands on the examination table, but from someone having a trade on, that does these two outcomes:
B1) trade scenario: "an active position that is profitable, and jumps +8 further than the current BE+4"
..... provide a 1 click order modifier that is preset with ticks, so that trader can jump up, say +4 of that +8
..... see how other platforms handle profitable orders to maximize the gains reached, instead of just seeing them and watching them vanish
B2) trade scenario: "an active position is losing, and has trend of further loss eminent"
..... opposite of above scenario, provide some means of a 1 click order modifier to either move stop loss or jump to a "closer to current price level", than having the full stop run through
understand that someone stated, regarding Zenfire, and probably other platforms too, that stop orders get higher priority than market and executable limit orders.
understand too that this trading environment has been in effect for years, and will not change much, and one either needs provide the tools to let traders remain, or watch the pool of usable, qualified customers continue to vanish due to being failed traders
broad strokes on the description, broad strokes on the example and whatever possible solution, but something that closes the gap that is huge by comparison to the other order entry domes that exist, is really a top priority
perhaps this has been alluded to, or described previously, perhaps this description will provide more detail so that something can be done to close this essential gap
The following 2 users say Thank You to kronie for this post:
you save that indicator as default. and every time you apply this indicator to a chart, it'll load the saved settings. if you mean having more than one setting you can save for that indicator, then the answer is no. only one, the default.
The following user says Thank You to Silvester17 for this post:
Truly appreciate the feedback. Curious, does our single click order modification for stops and targets not accomplish what you are describing? Being able to click and modify a stop/target to a specific price level was paramount for my own personal trading. To this date, I don't know of any DOM that can do that without some form of drag/drop. Your suggestion of having a button pre-defined with ticks I personally feel is not as flexible as our approach that allows you to select the exact price you want the stop or target moved to.
On a separate note, we are including many improvements in the SuperDOM area of NinjaTrader 8.
Favorite Futures: emini Currency and Index Futures
Posts: 103 since Jan 2011
Thanks: 285 given,
Hello Ray and futures.io (formerly BMT),
I was hoping to get some feedback from posting my "Wish List" on the NT8 Webinar Thread. But, so far no response. This "Unofficial NT8 wish list thread" seems a lot more alive. So, I'm including an edited version here. Comments welcome.
The first two items, I think, are essential to a properly functional NT8. If you agree or disagree, let me know. (A simple "Thanks" might pass the message along to NinjaTrader Ray.)
1 - It would be nice if we had the option of stacking Audio Alerts. As it stands now, I have four workspaces, each with a different instrument, calling out alerts and specifying which instrument. They are very often interrupting each other and I have to scan through the workspaces to find out which one is calling.
2 - The global cursor is too global. Scanning a global cursor on one workspace also "scans" the cursor on hidden workspaces, using up a lot of CPU, not to mention that when you go to the hidden workspace, the charts are not necessarily sitting where you left them. What I would like is the ability, for each workspace, to define which chart is on a global cursor and then to be able to toggle on and off this feature for the chosen group of charts on each workspace.
This next item is worthy of discussion. But, to me, at least, is much less urgent than the first two (Has anyone else had a problem with data delays?):
3 - A useful feature NT8 should have is an alarm capability that warns the user (with graphics and sound) when the data from the exchange is delayed and by how much relative to the (synchronized) local clock. (Compare this with the computer clock "Delayed," i.e., out of synch with, the incoming data, a benign issue). I believe that the data delays are difficult to diagnose and, while maybe not an everyday occurrence, are happening more often than people realize, especially to those trading far from the exchange. Since it has happened to me in the past (fortunately, only twice that I know of in the past two years while in Europe trading the CL), I now always have a properly synchronized computer clock (this is a nice one: Alarm - Free Digital Alarm Clock for Windows ) sitting next to a T&S window, making sure that the times agree to the second. Even a few seconds delay on something like the CL or GC could make a big difference in the trading results.
This next item is probably not directly related to NT8. But it would be a nice upgrade along with NT8 and convenient for those of us who use multiple computers (for work, home, travel) and have an expensive array of single-license, third-party software that is only used on one computer at a time:
4 - The way Machine ID's are used in third party licensing should be simplified. This would enhance the usability and portability of third party software. What would be nice is the ability to change the old ID (on a common website supported by all 3rd parties, if possible), then type in the new ID and have the change approved instantly. Then, after installing the third party software on the new computer (or, running it on your old computer with the new ID), you can go about your business without bothering the third party (or, what's worse, buying a second license).
One very useful property of lines I wish for NT8 is an automatic horizontal line ( like F6) that plots to the right, or left if chosen, from an specific point like the top of a candle. These lines would start at the cursor placing point.
Current HLs plot left and right to infinity.
Another very useful property of these lines would love to see, is an auto price level and the capacity for text attached to the line with the option to place it at the right of the chart next to, above or below the price. (See example attachement).
Thank you for the opportunity
The following user says Thank You to Buscador for this post:
Would love a Toolbar for all Drawing Tools on top of the chart where the white space is just waiting for it.
With respect to the Gann Fan, if there could be an option on the Tool Bar in which the direction of the fan could be changed i.e., Up Left, Up Right, Down Left and Down Right, without having to first draw the fan to gain access to the parameters it would be most helpful when one is drawing fans in different directions on the same chart.
There are some tools that do this, ask @PandaWarrior he has one
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The following user says Thank You to Big Mike for this post: