Hi, does anyone have experience using Rithmic Rtrader for placing orders? It seems they offer some nice options for manual traders (serverside bracket & OCO orders, static DOM, auto targets, trailing stops, etc.)
For order entry do you feel there are advantages in using (Rtrader)+(Ritmic/Zenfire feed) combo, as opposed to Ninjatrader, Sierracharts, Multicharts, etc?
I was originally going to use Sierra as an all in one solution, but now I am considering the combo of Sierra+Rtrader.
The advantage is the server side OCO on RTrader and its a free platform.
Matt
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
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Hi Matt,
Hope you are having a nice holiday session. I've been watching some You tube VIds of R Trader. I must say that i am very impressed by some of the tools and charting options offered such as Candle Vol. and Kagi. The fact that Rithmic makes the chrting package would leave me to think that the interplay between the feed and the platform would be seamless.
Is there anything that RTrader lacks in comparison to the more popular charting platforms with usage fees, such as NINJA or Sierra?
Does Rtrader offer volume profile tools?
Thanks!
"Napoleans severest comment on his beaten enemies - that they "saw to many things at once""- Hart
The following user says Thank You to bourgeois pig for this post:
R Trader Pro offers simple charting that includes many indicators and studies out of the box to get up and running very quickly for analysis. It is very configurable with multiple options for bar types, time frames, session filters, drawing tools and so forth that many traders take advantage of when charting.
R Trader Pro, however, in comparison with other platforms does not include the ability to import 3rd party indicators or custom developed indicators for use on the chart. It also does not include Volume Profile at this point whereas other platforms such as SierraChart do offer these built-in and also allow for custom indicators to be imported and used. There are also further customization options on platforms like SierraChart, such as the ability to configure any time frame interval, like a 7 minute chart, where R Trader Pro is limited to pre-defined options on charting.
If basic charting with simple indicators is all that is needed than R Trader Pro is a great choice. However, if you find yourself tweaking odd time frames, developing custom indicators or purchasing them from 3rd parties, a platform such as SierraChart may provide additional flexibility.
Matt
Disclaimer: There is a substantial risk of loss in futures trading.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email support@OptimusFutures.com
No it does not. But, it does have an order entry attached to the chart where you can place your orders, etc.
Also, it offers a lot of automation in terms of orders, trailing targets, etc.
This should give you a good guide:
Matt
There is a substantial risk of loss in futures trading.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email support@OptimusFutures.com
The following user says Thank You to mattz for this post:
I am playing a little bit with R|Trader and can't figure it out how to put Buy/Sell Stop order from it's DOM. Is it even possible? Do you guys have any experience with R|Trader?
Thank you...
as far as I know you need to use the bracket order, from there you can move the stop limit from the dom or cancel it there. I don't know yet how to put stop limit w/o the bracket order.
The following user says Thank You to rintin2x for this post:
Here are two videos that would help you understand how RTrader works. It is too hard to explain it verbally.
This is for order defaults and this one is for trading from the DOM
You need to learn how to place OCO orders, which are bracket server side OCOs on R Trader.
This is for your profit target and stops.
Also, recently Rithmic added server side OCO order which is a time/stop OCO.
This means that you you can send a market order if your stop has not hit at a certain time.
I have attached the diagram
1) Press on the "Bracket and OCO" button
2) Press the Config button
3) Name your Bracket ( you can have a number of brackets)
4) Place your stop ( below you will see that you can place your stop in ticks and specify contracts)
5) Choose the time you want to convert your stops to market orders.
Submit by clicking "save" and then enabling in by pressing the red button "Disabled" which will enable this bracket.
Thank you,
Matt Z
Optimus Futures
There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.
The placement of contingent orders by you or broker, or trading advisor, such as a “stop-loss” or “stop-limit” order, will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email support@OptimusFutures.com
The following 3 users say Thank You to mattz for this post:
Yes, I know how to use brackets in R|Trader. It is very similar like in other trading platforms. But what I meant by Buy or Sell STOP order is, when you want to set Buy Stop order that triggers at certain price which is above current price or conversely Sell Stop order at certain price which is bellow current price.
I can do that without any problems in NinjaTrader or Sierra Charts but when I do such an action in R|Trader, it opens the order immediately at market price. I can do that through placing an order ticket, but not in the actual R|Trader DOM.
look at the links that I have provide in the early paragraph above. They are linked to videos that will show you how to do that.
Matt Z
Optimus Futures
There is a substantial risk of loss in futures trading. Past performance is not indicative of futures results.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email support@OptimusFutures.com
thanks for the video links. I watched them all before when I tried to figure it out. The problem is, when I click at "Order Defaults" I don't have the same options which can allow me to do Stop orders as in your videos.
Am I missing something?
In the next post I will send you screenshots. (I would posted it here, but I need to have 5 posts to allow me post links or images... sorry for that)
Understood. Yes, looking at the images would help.
I think that if you use Rithmic as your data provider you should always look at R Trder to keep a tab on your trades.
I believe it gives you an accurate position count.
The coolest thing about R Trader are the features that you explore are actually ones you use/will use in trading.
Not another list of "what the #$%^ are these features for?" released with new versions of software.
Thanks,
Matt Z
Optimus Futures
There is a substantial riskof loss in futures trading. Past performance is not indicative of future results.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email support@OptimusFutures.com
There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email support@OptimusFutures.com
There is a substantial risk of loss in futures trading.Past performance is not indicative of future results.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email support@OptimusFutures.com
First of all, I suggest to you click the "confirm" button before you submit the orders!
This may avoid some serious errors. Once you know this platform inside and out, then....STILL continue to use the confirmation button.
Ok, nothing that you have shown me should prevent you from getting the default orders on the DOM.
Attach a screen shot from the DOM when you place a limit and/or stop and I can see the type of orders it throws at you.
If nothing comes of our efforts here , you can call me tomorrow.
Matt Z
Optimus Futures
There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email support@OptimusFutures.com
#3. You need to learn to press between the price and the blue and pink columns.
In this specific case, you need to click between the blue depth and the price, but do it below the current price.
To be specific, you need to do it in the "SM" column.
This will trigger a sell stop. This image will help.
So start pressing between the price and the depth in the columns to see what orders you get.
Thanks,
Matt Z
Optimus Futures
There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email support@OptimusFutures.com
The following user says Thank You to mattz for this post:
No worries. I love software....I play with this stuff all the time to figure it out.
At some point you start to develop intuition and feel the flow of the platform if you play around with them as long as I have.
In the end you will use 10% of the features available on any given platform, in my opinion.
Just learn the stuff you need, and above all ALWAYS make sure you know how to read the trades in your platform.
You should be able within seconds to figure out what has been traded, executed, rejected, etc.
I would be more than happy to guide you over the phone if you ever need help.
Gnite!
Matt Z
Optimus Futures
There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email support@OptimusFutures.com
This thread is three years old! I do have a couple of questions and hopefully I can still get some answers.
On RTrader Order Book: (1) I have configured Bracket and OCO, however, every time I log out the platform or when internet got disconnected, this Bracket and OCO becomes disabled. This has caused me many times entering a trade without bracket as I was not always paying attention to the status of the bracket button. I have never used a platform that I have to re-enable a pre-configured OSO/OCO every time. Question is how to "set"it so it is always enabled?
(2) What is the "account templates" on order book for? I clicked on it and had no idea what it was for or how to configure anything. I wish RTrader has detailed definition document on everything like the TradeStation platform has.
You can set bracket orders that are always there and then you just pull them out.
I agree that they could do better with documentation on R Trader.
If you call us we can walk you through the process.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email support@OptimusFutures.com
The following user says Thank You to mattz for this post:
As MsFutures said, your personal settings are always gone, if you close RTrader or I-Net is down, for this could be a much better solution.
The platform doesn't remember, the brackets "on" and also which bracket you want to use for which instruments, also the platform doesn't remember the contract-size (default quantity) you want to use for each instrument.
The following user says Thank You to tr8er for this post:
Have you tried to save your settings on the order book? "Bracket and OCO" and "Order Defaults"?
Matt Z
Optimus Futures
There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email support@OptimusFutures.com
I played around with the account templates and it seems to me that it's an allocation tool if you have multiple accounts.
Matt Z
Optimus Futures
There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email support@OptimusFutures.com
The following user says Thank You to mattz for this post:
Ok, let me playa round with it, and consult with Rithmic. Will update soon.
Thanks,
Matt Z
Optimus Futures
There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email support@OptimusFutures.com
You can have a static ladder, but you will not be able to see the sizes.
Thanks,
Matt Z
Optimus Futures
There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email support@OptimusFutures.com
The following user says Thank You to mattz for this post:
Thank you Mattz for the answer. I have had problems when placing an order and, in some cases, the order was the opposite of the order I had placed. Maybe, it's not a problem for swin traders but for scalpers yes.
regards
The following user says Thank You to santino for this post:
You can use Rithmic over third party applications, and maybe there is a solutin like Sierra or Muticharts that can address that.
Thank you,
Matt Z
Optimus Futures
There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email support@OptimusFutures.com
Does anyone know if there is an advanced user manual for R-trader?
I am particularly interested in the risk controls parameters, but they are not explained at all in the user manual that I have.
In particular I would like to set my own daily loss limits, smaller than the one set by the broker.
And I would like to be able to understand the risk messages that sometimes I get. There are 3 square cells, and sometimes one gets red and a warning appears saying something like "you are 8% from threshold".... I don't understand the message because I was far aways from any threshold.
Also, how do I put several accounts under the same R-trader platform?
It would be nice to have an extensive explanation of how to use R-trader potential.
Has anyone used R trader to place Synthetic trades live and has been using for sometime.. would appreciate comments or PM
These would be like flys, doubleflys or other combination of calendar spreads
I know we can do this with TT Pro ($400/month), CQG IC (500+/month) or CTS using Tradesniper ($100/month)
I for one could not get Tradesniper to work the way i want it to
I also know you can pull up multiple DOMs and click through each but there is legging risk
I know in theory you can do this in R trader - wanting some feedback from people who have been performing this action for sometime .. THANKS in advance
I don’t have direct experience with Rithmic but after reading the docs it looks like it works in more or less the same fashion as CTS, where it enters positions with market orders, which is very expensive if you are trying to do flies/double flies.
“ If the transaction type is Buy, market orders for the components will be submitted to the exchange when the offer price of the synthetic instrument is less than or equal to the trigger price; or
If the transaction type is Sell, market orders for the components will be submitted to the exchange when the bid price of the synthetic instrument is greater than or equal to the trigger price”
Also given the volume usually associated with trading flies/double flies, the low end pricing between TT and cts is much smaller than you list. If you are doing around 30 contracts a day your CTS price will be the same as your TT price. And cts is more expensive between 30 and 100 contracts a day. Especially when you consider relative execution quality TT will probably save you almost a tick every time you trade. If you make use of their infrastructure, TT well worth the price.
Hi @jokertrader can you provide an example of Synthetic trades you're interested in placing?
PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. Trading commodity futures, forex and options involves substantial risk of loss. The recommendations contained in this post are of opinion only and do not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not necessarily indicative of future results.
Hello @joketrader! I asked one of my clearing firms who offer Rithmic and they in turn asked Rithmic directly. Rithmic answered that yes you can place those trades as long as they are listed at the exchange.
I use CQG Integrated client and you can place flys, doubleflys or other combination of calendar spreads on that platform but I think you already know that.
Hope this helps.
PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. Trading commodity futures, forex and options involves substantial risk of loss. The recommendations contained in this post are of opinion only and do not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not necessarily indicative of future results.
The RTrader manual explains how to input Stop Limit orders, but when trying to follow the manual by opening "order defaults" on my DOM I do not have the box section for "Stops" so cant go any further to do a Stop Limit Order.
Its likely I'm missing the obvious but thanks for any advice if theres some setting I need to amend ?
I've got the SL column added but when I click/open the "order defaults" tab my grey box is different to the one shown in the R RTrader rmanual. I'm still missing the "Stops" section (as per my previous pics). Clicking in the SL column either above/below current price doesnt do anything or open an "order window" either.
(Incidentally looking further back in the thread a previous post (post 23) also shows the difference in the "order default" box not showing the "stops" option, although that poster was looking to use Stop Market orders which was rectified by clicking in the SM column.)
Oh well, I'll keep looking & clicking to see if I can sort it out :-)
I've tried it out for you (though I don't like this order and don't know why someone will use it) and it works without problems.
If I click "order defaults", I also don't see this "stops" option, so I guess Rithmic has deleted it. As you can see, the manual is from 2011, so I guess, they have made a lot of changes since
Cheers
The following user says Thank You to tr8er for this post:
ok, here's how I managed to fix it. On my DOM "Right Click" on price ladder & tick "Show Classic Order View" (I usually have that unchecked which also gives slightly different options in "add/remove columns").
When in the "Show Classic Order View" mode & clicking in the SL column an order ticket is produced. When ""Show Classic Order View" is unchecked, clicking in the SL column did not create an order ticket.
Hello,
Never worked with R Trader/Pro, but heard a lot of positive feedback.
Here is my question:
does R Trader/Pro has some tools similar to Ninjatrader Market replay?
Interested in algo trading.
Rithmic uses an R API that some of the customers use. You can write in C++, C# and R protocol that would work with many languages.
Regards,
Matt Z
Optimus Futures
There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email support@OptimusFutures.com
The DOM/Order Book has several buttons you can add/remove as you wish. They are: Buy Market, But at Ask, Join Bid, Sell Market, Sell at Bid, Join Ask, Reverse Position, Cancel All & Cancel All & Flatten
I only have my DOM set up with :Buy Market, Sell Market, Cancel All & Cancel All & Flatten
Dont know about "shortcut keys", I cant see anything in the "Traders Guide Manual" about that - but that is from 2011 so maybe you can now !
Is anyone using excel to place orders to Rithmic trader?
I am placing order with stop loss and take profit orders but when I close the position, corresponding stop loss and take profit orders are open. I would like to cancel these orders. Does anyone have any idea how it can be done?
