[Other] Right platform for me - help appreciated - Platforms and Indicators | futures io social day trading
futures io futures trading

Right platform for me - help appreciated
Updated: Views / Replies:964 / 7
Created: by rdreskai Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 100,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Thread Tools Search this Thread

Right platform for me - help appreciated

  #1 (permalink)
Trading Apprentice
Vancouver, BC
Futures Experience: Advanced
Platform: ninjatrader
Favorite Futures: options
Posts: 2 since Jul 2014
Thanks: 4 given, 0 received

Right platform for me - help appreciated

Hi traders,

I'm looking for some guidance and advice regarding platform options - here's my situation:
  • Over 15 years investing/swing trading experience - but only manual order entry with my online broker
  • Swing Trading mainly with stock options and futures - hold for 1 to 7 days or so, then close position
  • Investing just buying/selling stocks for the long term (not looking to automate that)
  • Used a few brokers, most recently optionsXpress

I am looking for the right platform to:
  • Back-test strategies (current I use ninjatrader) - show strategy results on charts and tabular results (kind of like ninjatrader does)
  • Automate my swing trading entries (order placed automatically), as well as stops & profit targets.
  • Decent charting support - all swing trades are based on technical analysis, so I need charts
  • Here's the trick - I would like to the automated order entries to be based on underlying security (say on Apple stock), but the system actually to buy calls or puts of that underlying security
  • Example 1: Apple trades above $700/share, the system buys 3 weekly option calls strike at 705. Similar for futures or indices or ETFs.
  • I have programming background - so I can pick up NT, easy language, javascripts, etc....
  • I can close positions manually - or they can be closed out automatically with stops & profit targets.
  • My strategies have pretty straight forward entries (no complicated indicators or complex math), stops and profit targets based on previous bars, averages of low or high. 2-3 tiered profit target easily defined. May or may not move stops based on profit targets achieved.
  • I trade options with only discretionary money - options only knowing and limiting my risk exposure (no naked options)

I discovered that NT does not trade options, to my disappointment. I haven't completed my research, but I am looking at MultiCharts, SierraCharts, E-signal, ninja trader, Interactive Broker Java API....

Two questions:
  1. Is there any platforms I am missing that can achieve the results?
  2. What is your recommendation for the most stable, fast, reliable platform that can do this?
Much appreciated,


Reply With Quote
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

  #3 (permalink)
Hi Mom!
Bridgeport, Ct
Futures Experience: Intermediate
Platform: Sierra
Broker/Data: IB/Sierra
Favorite Futures: Oil, Nat Gas, ES
TheShrike's Avatar
Posts: 420 since Jun 2012
Thanks: 1,129 given, 553 received


You might also want to add Amibroker to your list of possibles to check out.

Reply With Quote
The following user says Thank You to TheShrike for this post:
  #4 (permalink)
Elite Member
Harrison, NJ
Futures Experience: Intermediate
Platform: CQG/TOS
Broker/Data: Optimus/CQG
Favorite Futures: 6E/NQ
Posts: 110 since Jun 2010
Thanks: 40 given, 78 received

Give CQG integrated client a try. It's a powerful platform with automation&back test capability, good charting, support for options/stocks/futures, top quality data, excellent customer support. The only downside is: it's expensive for retail traders

Reply With Quote
The following user says Thank You to shzhning for this post:
  #5 (permalink)
Market Wizard
Boca Raton
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
mattz's Avatar
Posts: 2,156 since Sep 2010
Thanks: 2,016 given, 2,997 received

Hi Robert,

In my experience MultiCharts offers a detailed and capable backtesting engine while also providing a polished front end for charting and strategy development. The backtesting engine includes plenty of reporting options and also offers portfolio backtesting and optimization options as well.

You also have the choice between either an EasyLanguage or C#/.NET compatible version if you prefer one or the other. Many choose EasyLanguage for rapid development and backtesting, but the more ‘developer’ minded traders may prefer C# for the flexibility it provides.

The downside is that MultiCharts does not support options, nor do many of the platforms you listed unfortunately. However, options aside, I think MultiCharts is worth a demo at the very least as it is set up very well for automation efforts whether it be actual execution or the research/development phases. It may be possible to still incorporate your options trading with MultiCharts for signal generation, but of course this would likely require some further development work on your end.



PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
Reply With Quote
The following user says Thank You to mattz for this post:
  #6 (permalink)
Elite Member
Futures Experience: Advanced
Platform: Sierra, CQG, Lightspeed
Favorite Futures: ES, CL
Posts: 12 since Jan 2013
Thanks: 4 given, 10 received

I would add Thinkorswim(TOS), Livevol & Obsidian to your list to evaluate. TOS may work but you would have to negotiate the commissions. Livevol platform is included if you use their brokerage. Interactive Broker does their clearing and commissions are excellent. Obsidian (Silexx) is for pros and broker neutral. You can clear through IB with them as well.

With all of these you would have to evaluate whether they can handle your backtest and automation requirements. I agree with a previous user that you should look at Amibroker for backtesting and system development. They have a trading interface with IB for order automation but I would be careful.

Last edited by canyon; July 29th, 2014 at 09:11 PM. Reason: Amibroker comments
Reply With Quote
The following user says Thank You to canyon for this post:
  #7 (permalink)
Trading Apprentice
Vancouver, BC
Futures Experience: Advanced
Platform: ninjatrader
Favorite Futures: options
Posts: 2 since Jul 2014
Thanks: 4 given, 0 received

Zeroing in

Thank you all for your thoughts - it seems I should zero in on what I really need - so let me ask this then, this is a key requirement for me:

1. Forget about backtesting or charting. Which of these platforms (or any platforms out there) is able to automate options trading for me, based on the underlying security? For example, apple trades above $700, then buy 3 weekly calls with strike at 705. I press the button, set it and forget it until the trade is triggered.

This is my key requirement - will any of them work??

Thank you kindly!


Reply With Quote
  #8 (permalink)
Elite Member
Futures Experience: Advanced
Platform: Sierra, CQG, Lightspeed
Favorite Futures: ES, CL
Posts: 12 since Jan 2013
Thanks: 4 given, 10 received

Nah - do your own research and due diligence. One last suggestion. Take a look at Prodigio RT for trade execution. They interface with TOS/TDA, Trade Monster & TradeKing, which all support stocks & options.

Reply With Quote


futures io > > > [Other]       Right platform for me - help appreciated

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Upcoming Webinars and Events (4:30PM ET unless noted)

July Journal Challenge - $500 in Amazon Gift Cards!


AXESS Trader: Powerful Cloud Based Trading Platform w/GFF Brokers

Jul 17

TBA: FuturesTrader71 w/Morad Askar

Elite only

Similar Threads
Thread Thread Starter Forum Replies Last Post
Need help finding the Cristian Toolbar Zip file. Help would be appreciated. Thanks hector24 NinjaTrader 5 June 11th, 2014 11:16 AM
Indicator with an alert for long or short direction display. Help appreciated. Thanks hector24 NinjaTrader 0 February 27th, 2014 03:43 PM
If You Think The Stock Market Appreciated After QE3, You Were Duped Victory Trader News and Current Events 4 September 18th, 2012 01:51 PM
Would like to make an addition to Gomis Volume Ladder - Input appreciated pinebilly The Elite Circle 11 March 29th, 2012 12:01 PM
New to the 6E, input appreciated :) Xzap Traders Hideout 9 January 6th, 2010 05:23 AM

All times are GMT -4. The time now is 11:13 PM. (this page content is cached, log in for real-time version)

Copyright © 2018 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2018-07-17 in 0.13 seconds with 14 queries on phoenix