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NT DataFeed TradeStation
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NT DataFeed TradeStation

  #11 (permalink)
Elite Member
Brisbane; Australia
 
Futures Experience: Intermediate
Platform: NT
Broker/Data: IB/TDA needing new broker
Favorite Futures: Futures, Forex, Stocks
 
Peter's Avatar
 
Posts: 97 since Jun 2009
Thanks: 91 given, 101 received

@Cunparis
There are some reasons why I want to keep NT at the moment
- The most important: As I am new to futures, I want to follow the wealth of information available in other threads here (Sharky, Tzachi, TheWizard, etc.). I think it is easier just to use the same indicators and look at the same screens in this phase and focus on the getting the trading right.
- I have 6 months invested in NT and am finally starting to learn a bit of the coding. Maybe NT7 will solve some of the problems I have with NT6.5 and then NT may became the better option again.
- NT makes me independent of / gives fallback for TS in case TS goes down.
Maybe I change my opinion after I get access to the TS forums and get to learn the program. But getting the 'ideal' platform is an evolving and moving target anyway.
I told myself to stabilize the infrastructure / tools / indicators and start focussing more on the trading, money manegement etc.

@MXASJ
I looked at TOS. I still have TDA and they are really promoting it. It looks like a relally nice platform. But as you said no autotrading yet. I am wondering what TDA will do with StrategyDesk. If they could combine the strenght of both it would be a winnner.
I also looked at CoolTrade ... good autotrading, but lacking the rest.
The 'ideal' solution for me is not yet out there. But in 2 years the landscape might be different again. Everybody appears to be evolving toward a type of integrated system.

RE the infrastructure .. think I have that covered. My weak link is having no fallback for the ADSL as I have no cable here. Therefore I am religious with stops. I will experiment with mobile backup.

@jdella
Thanks for the tip.

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  #12 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
Posts: 2,563 since Jun 2009
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Peter View Post
- The most important: As I am new to futures, I want to follow the wealth of information available in other threads here (Sharky, Tzachi, TheWizard, etc.). I think it is easier just to use the same indicators and look at the same screens in this phase and focus on the getting the trading right.

RE the infrastructure .. think I have that covered. My weak link is having no fallback for the ADSL as I have no cable here. Therefore I am religious with stops. I will experiment with mobile backup.

I use Ninja for the same reason - to use the sharky indicator package. I'm still simming with it and still not profitable but I'm hoping to improve.

For the backup, I have a USB mobile device that gives me internet. Here in France it's 8 euros/day (about $12) for unlimited service and you only pay on the days you use it. So it's perfect for me. While on vacation I used it every day. Now I just have it in case of emergencies. Let mek now if there is a similar solution (pay only when you use it) in the US, I'm hoping to move back to the US next year.

NT will pass TS eventually. TS has no innovation. They're just coasting on their 10 year old product. NT is very innovative. In many ways NT has passed TS. But for now the optimal for me is having access to both.

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  #13 (permalink)
Elite Member
Brisbane; Australia
 
Futures Experience: Intermediate
Platform: NT
Broker/Data: IB/TDA needing new broker
Favorite Futures: Futures, Forex, Stocks
 
Peter's Avatar
 
Posts: 97 since Jun 2009
Thanks: 91 given, 101 received


Wow, mobile internet has become cheap in France.

Here in Australia cheapest pre-paid mobile internet about 20$ for 500MB / 30$ for 1GB (and that must be used in a month ... after that it is gone)

BTW NT might be innovative but IMO is missing the speed. I see them overtaken by e.g. TOS or MultiCharts.From what I have read NT7 will be better but not really revolutionary.
They also would really be more attractive when they would provide e.g. in house historic data like TS.


Last edited by Peter; August 10th, 2009 at 09:34 AM.
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  #14 (permalink)
Just starting out...
london
 
Futures Experience: Advanced
Platform: NinjaTrader Tradestation, Multicharts
Broker/Data: MIG
Favorite Futures: euro, emini
 
Posts: 5 since May 2010
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I have to agree, ninja trader is much easier to use then TradeStation. Trading from the UK we have all the forex packages but Ninja has been very stable.

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  #15 (permalink)
Elite Member
Stockholm
 
Futures Experience: Intermediate
Platform: NinjaTrader, Multicharts, Tradestation
Favorite Futures: US and Canadian Stocks
 
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Posts: 59 since Jun 2010
Thanks: 21 given, 5 received

i am not yet sure if i should open an account with Mirus/Zen-Fire/ NT or Tradestation with Brokerage?

i trade mainly ES, NQ and YM... and need access to the market internals...

just to compare the costs:

1) Mirus/Zen-Fire + NT: it would cost me the licence for NT + IQFeed because i want to have market internals... to sum it up: $995 once for NT and about $60/month for IQFeed (startup fee $50)...

2) Tradestation with their brokerage: no platform fee if i trade 10 roundturn futures contracts? just the data-feed fees monthly:
CBOT Data Package #1 for YM - $10,-
CME Data Package #1 for ES and NQ - $25,-


is that it or did I forget anything? is tradestation really not more expensive when using them also as a broker?

furtermore... is the volume traded at bid/ask included with the data packages for tradestation? and are market internals included with TS or do I need another data-feed?

thanks for helping me out!

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  #16 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
Posts: 2,563 since Jun 2009
Thanks: 1,157 given, 2,032 received


ikeaboy View Post
i am not yet sure if i should open an account with Mirus/Zen-Fire/ NT or Tradestation with Brokerage?

i trade mainly ES, NQ and YM... and need access to the market internals...

just to compare the costs:

1) Mirus/Zen-Fire + NT: it would cost me the licence for NT + IQFeed because i want to have market internals... to sum it up: $995 once for NT and about $60/month for IQFeed (startup fee $50)...

2) Tradestation with their brokerage: no platform fee if i trade 10 roundturn futures contracts? just the data-feed fees monthly:
CBOT Data Package #1 for YM - $10,-
CME Data Package #1 for ES and NQ - $25,-


is that it or did I forget anything? is tradestation really not more expensive when using them also as a broker?

furtermore... is the volume traded at bid/ask included with the data packages for tradestation? and are market internals included with TS or do I need another data-feed?

thanks for helping me out!

I have TS, IQFeed, & Mirus.

If you use TS you must subscribe to data for the "internals" I'm not sure what you mean by that but it's extra. i have OPRA for PC Ratio, nasdaq, amex, & NYSE. It's $3,$1,$1,$1 so nothing major.

I love tradestation for charting but I never got used to their DOM & order tools. However I think if you're not spoiled by the ninja DOM the TS DOM would be just fine.

I vote for TS because it'll be cheaper if you do 10 trades per month. However if you plan on doing sim for a while then Mirus + IQ could be cheaper.

Tradestation has uptick/downtick as a proxy for bid/ask. It's similar but not the same. Most of the time it's equivalent but sometimes it can give different results if the bid/ask is moving around a lot. If you want true bid/ask you'll need IQFeed and a software that can handle it such as Investor RT.

I pay the TS monthly fee ($99) and execute my trades through Ninja with Mirus. I am willing to "pay" $99 in order to use Ninja's DOM but that's only because I'm used to it.

Bottom line - while you're learning, especially if on sim, you want to keep costs as low as possible. When you're profitable these fees are just part of doing business and not a big deal. But while learning they really add up and if you have a small account they can eat it up. For example using TS + data for crude, euro, Dax, & gold you can pay $300/month!!! With Mirus all those would be free.

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  #17 (permalink)
Elite Member
Italy (IT)
 
Futures Experience: Advanced
Platform: ATAS, R|Trader, NT8
Broker/Data: Rithmic
Favorite Futures: CL, Brent, GC, TF
 
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Posts: 1,501 since Apr 2010
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ikeaboy View Post
i am not yet sure if i should open an account with Mirus/Zen-Fire/ NT or Tradestation with Brokerage?

i trade mainly ES, NQ and YM... and need access to the market internals...

just to compare the costs:

1) Mirus/Zen-Fire + NT: it would cost me the licence for NT + IQFeed because i want to have market internals... to sum it up: $995 once for NT and about $60/month for IQFeed (startup fee $50)...

2) Tradestation with their brokerage: no platform fee if i trade 10 roundturn futures contracts? just the data-feed fees monthly:
CBOT Data Package #1 for YM - $10,-
CME Data Package #1 for ES and NQ - $25,-


is that it or did I forget anything? is tradestation really not more expensive when using them also as a broker?

furtermore... is the volume traded at bid/ask included with the data packages for tradestation? and are market internals included with TS or do I need another data-feed?

thanks for helping me out!

A few question, do u want all in the same platform? what do u use to make orders, DOM, charttrader? Cos if u can use a platform for charting and one for orders thru dom, there are many possibility. If u want open an account at Mirus u can use NT for charting for free and R|Trader for orders and or ThinkOrSwim for free charting with market internal too, here https://futures.io/brokers-data-feeds/3273-best-data-provider-compliment-zen-fire-mkt-internals-eod-data.html a discussion. I would suggest to take a look also at velocity futures as broker.
Don't know about TS.
Think we are going little of topic here.

Take your Pips, go out and Live.
Luke.
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  #18 (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
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With TradeStation you really are tied to them.

Whereas, if you go with say NinjaTrader or MultiCharts, there are many options available for data feeds as well as execution. If you don't like your data feed, switch, while keeping your platform. If you don't like your broker, switch. If you do like your broker and your data feed, but don't like your platform, switch. Lots of options.

Mike

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  #19 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
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cunparis View Post
I use Ninja for the same reason - to use the sharky indicator package. I'm still simming with it and still not profitable but I'm hoping to improve.

Man I can't believe some of the things I wrote a year ago. It's embarrassing.

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