I've had the Velocity's two-week X_Trader (Demo) some months ago. I didn't seem to get a good grasp of it. I now have a one-month TT_Trader from E*Trade Financial (see etrade.com), which is really X_Trader; and which is expiring just now. I've also not been able to get well along with using TT_Trader/X_Trader; I particularly want to have an Auto-Breakeven, AutoTrailing, and/or Auto-STOP moves setups; I've been able to understand AutoTrailing to a very little extent. My yesterday's Diary was on both TT_Trader/X_Trader and NT7's ChartTrader (see my yesterday posts #169, #170 and #171). This thread came right on time for me.
Lolu
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I am just now starting to mess with the trailing stops. I added the PS Trader plug-in, and it handles the OCO executions for trailing both entries and exits, it seems. I need to read the manual still, but here are a couple screen shots of PS Trader plug-in.
I've also attached the PS Trader manual, it might help you see what its features are.
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EPIQ is awesome too. Can't understand why Ninja can't put a volume histogram on their DOM and calculate EPIQ like X_Trader.
The cost of X_Trader is incredibly prohibitive for most.
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I'm actually beginning to like x trader as well, i didn't know about the plugins before. I do have to say one of the greatest functionalities i like about this is it tells you where you are in Que on getting filled, which is GREAT on the ES.....
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TT then says: "Mike, join the darkside, you are my son Mike and this is your fate" (spoken with darth vader voice).
Mike, good to see you checking out of some alternatives there. If we never looks or try's other things, then we may never know what it that gives us that special edge.
At the end of the day I guess its about, will this make us "more profitable"? As that is were the coin drops.
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In my case, I will be paying less than Mirus per r/t and also getting X-Trader for free through Velocity Futures, and they matched Mirus' CL margin, and they have a better customer portal area... and they are an FCM instead of an IB... so, you can see what direction I am leaning. Now, Mirus is great if you need Zen Fire, and every NinjaTrader user does, for the most part But my goal is to be free of Ninja.
As I continue increasing size, I will soon pay a lot less via Velocity than Mirus.
That seems like good enough reason for incentive there Mike., I guess its also a simple review of ones business model too.
Saying your that your done then NT, do you mean completely done? Though what are you going to do with your NT key/license? are these things transferable at all? and if you wish to unload yours then please let me know there Mike
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They are non-transferrable...
But look, it's simple - I just want to trade! I don't want to mess with software. How many posts and threads on the forum are about problems with NT? I know the potential is HUGE, I was seduced by this for a very long time. But enough is enough, time to trade. It's a business decision not a personal one. Maybe NT8 or NT9 or whatever can lure me back at some point.
So back to talking about X-Trader, I haven't done much testing today as I was taking care of some errands. I did notice everything was smooth during the CL inventory report, whereas my trading buddy Gary said that NT/Zen froze on him today out of nowhere, so that's never good.
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rassi,
I'm looking to find an automatic way to set profit targets and stop loss orders after a new position is put on. Haven't found it yet. But, during my testing so far I've already got in the habit of just hitting the OCO button and placing the stop and target where I want it.
It is true, it is different than NinjaTrader and it "feels" less automatic. I wouldn't mind having the feature, actually, so I emailed Dale @ Velocity and asked him, just to see if I am overlooking it. But, truth be told, I am already used to the manual OCO placement method, and since my stop and target are always different (not a pre-defined tick size) then really it isn't a huge deal for me.
If I find out how to do it I'll let you know.
I've attached a MP4 video to this post that shows the OCO option.
But my goal is to be free of Ninja.
