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trading software ?

  #1 (permalink)
 kctpac 
Auburn ma
 
Experience: Intermediate
Platform: Td Ameritrade
Trading: es
Posts: 23 since Jan 2011
Thanks Given: 30
Thanks Received: 9

Can anyone recomend a good software package for trading the emini ?

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  #2 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
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Swing Trader
 
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Platform: Custom solution
Broker: IBKR
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  #3 (permalink)
 
Fat Tails's Avatar
 Fat Tails 
Berlin, Europe
Market Wizard
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
Posts: 9,888 since Mar 2010
Thanks Given: 4,242
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Have a look here:

Charting Software: What is the Best Charting Software?

It is a reasonable overview of what is available.

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  #4 (permalink)
 
Lornz's Avatar
 Lornz 
Oslo, Norway
 
Experience: Advanced
Platform: CQG, Excel
Trading: CL
Posts: 1,193 since Apr 2010


Fat Tails View Post
Have a look here:

Charting Software: What is the Best Charting Software?

It is a reasonable overview of what is available.

He makes some strange conclusions though. He eliminates both Investor R/T and Sierra Charts in the first video, apparently because they don't have a large user base. Both of them updates their program quite frequently, while e.g. NT uses a couple of years. Sure NT has a wide variety of useless 3rd party add-ons, but I don't see how that helps? They also have a large user base, but most of them are free users.

He mentions CQG in the data section, but not the IC when it comes to trading platform. I find that strange, since it's arguably the best charting platform within a retail traders reach.

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  #5 (permalink)
 
Fat Tails's Avatar
 Fat Tails 
Berlin, Europe
Market Wizard
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
Posts: 9,888 since Mar 2010
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Thanks Received: 27,102


Lornz View Post
He makes some strange conclusions though. He eliminates both Investor R/T and Sierra Charts in the first video, apparently because they don't have a large user base. Both of them updates their program quite frequently, while e.g. NT uses a couple of years. Sure NT has a wide variety of useless 3rd party add-ons, but I don't see how that helps? They also have a large user base, but most of them are free users.

He mentions CQG in the data section, but not the IC when it comes to trading platform. I find that strange, since it's arguably the best charting platform within a retail traders reach.

Yes, but he mentions all the important alternative software packages. Once you know them you can evaluate yourself. What I like is his approach, which is systematic and follows some sort of reasoning.

You do not need to agree on the outcome, but you should follow your own ideas. I also rate Investor RT, SierraChart and CQG as interesting options.

However, I think that the user base is quite important as well.

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  #6 (permalink)
 
Lornz's Avatar
 Lornz 
Oslo, Norway
 
Experience: Advanced
Platform: CQG, Excel
Trading: CL
Posts: 1,193 since Apr 2010


Fat Tails View Post
Yes, but he mentions all the important alternative software packages. Once you know them you can evaluate yourself. What I like is his approach, which is systematic and follows some sort of reasoning.

You do not need to agree on the outcome, but you can follow you own ideas. I also rate Investor RT, SierraChart and CQG as interesting options.

However, I think that the user base is quite important as well.

Yes, user base is important. But with regard to further development, the cash flow is more important. If a company has a smaller user base, but higher cash flow, that would normally equate to better service and more frequent updates.

As far as CQG goes, it has both an extensive user base and with an average of $1000+ per user, the cash flow should be sufficient too.

I thought the videos were quite good. I just had an issue with the elimination of IRT and SC. I can forgive him for not mentioning CQG, it is probably priced too high for the average trader. But you have to pay for quality...

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Last Updated on June 14, 2011


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