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Thank you all for your contributions to this thread you have helped clear things up for me, but now, like "forestang" I am curious as to the original intent of the Dynamic Dom.
Was at the time of first inception, less scalping done, more Swing trading whereby the frenetic movement is/was less of an obstacle to entering a trade.
My style of trading is momentum scalping (is that a real term?) I like to be in and out of the market fairly quickly, I want to enter very precisely because I use a 5 tick stop, I do not want to be 2-3 ticks out in my entry because the entry price has disappeared from under my mouse pointer and is now half way up the ladder. I know there are other styles and methods but I have been trading like this, comfortably, for 3 years and I am a great believer in not fixing what is not broken.
Looks like I will have to contribute to the wealth of yet another bunch of faceless people, @ 0.20cents RT. another $880.00 / p.a. less for me and my family.
I used the dynamic DOM for a couple nights on accident without realizing it. It was saved to my workspace, after a few trades I finally realized, 'wait a minute, my orders were moving up and down'. I was so engrossed in the price and level2 at the time. With that said, after only a little while its entirely possible and feasible to get used to the dynamic DOM.
I reckon it shines for anyone crazy enough to do short-term forex trading on a DOM!
I have been using the Dynamic Dom for a week now and you have to be carefull using it, but, I have got use to it now, as long as the market does not get too excited about all the good news that is coming out, the Dynamic Dom is manageable for scalping. For most other styles of trading it should not be a problem.
Thank you to everyone who contributed to this thread it has been enlightening.
I have the perfect idea for an enhancement to the Dynamic DOM that I'll gladly trade for for a Ninja Trader LifeTime License....
Have the Dynamic DOM automatically "Hold" or lock the price ladder in place when the mouse hovers over the price ladder.
Holding the price ladder makes sure that the price ladder does not change just as I click in my order and also seems like the perfect compromise between the TT Patent for the Static DOM and similar end user functionality.
Preferably keep the DOM updating during this time. Is TT trying to claim the current Hold feature violates their Patent? You have the Hold feature already built-in to Ninja Trader... Just need to activate it automatically with "Zero Clicks" by hovering over the price ladder.
If TT claims the price ladder Hold would violate their Patent if updates happened, I'd still like the feature. I would just want a much smaller area to trigger the hold feature.
Trading: nq, es, Hype cool runner Ipo's months out short into lockup expirations. UVXY, TSLA options
Posts: 24 since Feb 2016
Thanks Given: 3
Thanks Received: 60
If you are scalping say nq futures and laying tiers of buy/sell orders very quickly above or below price you can do that very quickly with the static dom. I like that with a tall ladder on a portrait view monitor to keep the dom from exiting the screen as often. But then you have to deal with the cost increase of the static dom. For some it's worth it. For slower trading one can get used to the dynamic dom but it is a challenge and has a few drawbacks. Best to try both and see for yourself which suits your style of trading. If you are like a really fast almost human hft trader you are going to appreciate the 1 clk order entry and static dom. You can lay in say a 4 tier sell or buy limit order above price very quickly and precisely on the static dom with practice. If its nq doing its fast thing that would be difficult to impossible to do on the dynamic dom. You can do things quickly on the static dom that you could never do on chart trader. Depends on your style.
