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I'm really not the best person to comment on other platforms like Ninja or Multicharts or Amibroker, etc. I just have not used them enough. My guess is if I had started out with any of those 10 years ago, they'd be my favorite platform.
As it turns out, I picked Tradestation 10 years ago. I still use it today. A lot of people do. And I find its backtesting, when done correctly, is pretty accurate, compared to live trading results. You just have to know what a platform can and can't do. For example, I would not use any retail platform to do automated scalping. I've seen enough "Holy Grail" scalping backtests to make me very wary of the results.
So, to Matt's initial question: for my trading (mostly 0-10 day swing trading), I find Tradestation backtesting pretty accurate.
Yupp right. Have seen some good traders using this...and especially since it met their needs and development where they had access to the platform when many other platforms did not offer much functionality.
And right...... they do not have demos. To be on demo also you payup a good chunk of change.....whereas in many other platforms one can keep going without much damage to pockets.
lol...not my bias since am on TS. But also held/hold few other platforms & in process of getting a new one too.
I do not consider you an average user, and to be honest, this is what I have found amongst TS users from my observations. Some like you have evolved great skills in developing automated strategies.
Matt
Optimus Futures
There is a 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 [email protected]
The trend now with most platforms (Tradestation included) is to go Object Oriented in their programming approach. Tradestation calls it "OOEL" Multicharts has ".Net" etc. Lots more functionality, at the cost of more complication.
This was once explained to me as follows:
"Easy Language was written for traders, by traders. The new object oriented versions/languages were written by programmers, for programmers."
Eventually, I bet everyone is forced to the new versions. That will suck for a dinosaur like me, but I realize at some point I may have to do it. And at that point, I'll probably take a fresh look at all platforms out there.
TS always seemed like it was aimed more towards the sophisticated user, so your observations are probably spot on. I'd also assume that alot of the TS users are the early adopters who have been around for the longest, and if they've been around for the longest( they've survived) then they're more likely to be from that percentage of traders who actually make money. Where as your typical NT/ retail user doesn't fit that profile.
"Free markets work because they allow people to be lucky, thanks to aggressive trial and error, not by giving rewards or incentives for skill. The strategy is, then, to tinker as much as possible and try to collect as many Black Swan opportunities as you can"
I agree with this, and I think they have reasonable margins that professionals feel comfortable with. Whereas some NT brokers (prior to NT becoming their own) were in the business of $400 and $500 margins.
It will be interesting in a few years to see how NT does with this model that TS pioneered a decade ago.
Multicharts releases features that many traders looks for, in essence, not just features that would make it look "cool".
Practical stuff.
I think that those who actually trade would find it very organized, stable and intuitive.
Matt
Optimus Futures
There is a 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 [email protected]
But the real focus is on TradingView, with good reason.
Personally, I think cloud based/web based is where it's at. I can see TradingView becoming a fully fledged trading platform very easily, and am surprised more platforms haven't moved to that already. The advantages can be huge.
100%, no let me rephrase, 200% true!
I feel the exact same way, a trader should be able to open his/her workspace anywhere.
Access his trade from anywhere, and change order from anywhere.
Those who would develop a web based application that is simple will gain many customers.
Juts to add to your sentiment, it should be web based and simple to execute.
No fancy indicators that are meaningless anyway...true traders want execution. period.
Matt
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 [email protected]
