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Recommendations on a solid trading platform


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Recommendations on a solid trading platform

  #1 (permalink)
Canada
 
 
Posts: 4 since Jul 2010
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Recommendations on a solid trading platform

Currently testing NinjaTrader 6.5 and not really happy with it.
Itís slow to start, lags, crashes, the drawing tools are terrible. Itís even difficult to draw a straight line, canít even hold shift to straighten it.
When I add multiple EMAís to charts the color isnít even next to the label at the top of the chart???
This software should be free.

Overall requirements:
- Good drawing tools.
- Easy to access tool bar.
- Multi-monitor support.
- Customizable
- Windows 7 x64 compatible
- Fast
- Cost is not a factor.
- Preferably not a .NET app.

Any recommendations?
Thx

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  #3 (permalink)
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Manta, Ecuador
 
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Trading: Emini Futures
 
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Posts: 48,774 since Jun 2009
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I am very, very satisfied with MultiCharts. I've been using it exclusively for charting and backtesting for about six months now. It is very fast, very efficient, very stable, and has a ton of features. What's more, it has solid service and support behind it and a team of engineers that actually are very good programmers, unlike some other platforms.

However, there is no DOM in MultiCharts. So for months I supplemented MultiCharts with the NinjaTrader DOM (and only the DOM). This may work for most, but it was still causing me problems and really it's to the point where I just don't want to deal with NT anymore. I hope they release a great product, but "fool me once, shame on you, fool me 42,000 times, I'm an idiot" seems to apply, at least to me. I want to trade, not beta test software or troubleshoot problems all the time.

So, I've recently began looking at X-Trader for discretionary order execution. The DOM is quite good. I'm about to open an account with Velocity Futures which is an FCM, and they offer X-Trader at a very competitive rate, so it seems to be a good fit for me.

As for what will be a good fit for you, it is hard to know for sure. You will likely have to spend a few weeks with each application before you really know what will work best for you.

Mike

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  #4 (permalink)
 
 
Posts: 1,081 since May 2010

I read that x-trader is very old software ? Is it really good ?

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  #5 (permalink)
Canada
 
 
Posts: 4 since Jul 2010
Thanks: 10 given, 0 received

Thanks Big Mike.
I've seen your posts on MultiCharts and it does look really good.
How are the drawing tools? Easy to add/move/edit/size/delete/select/straighten lines?

Any experience with TradeStation (with Owndata)? TradeStation vs MulitCharts?

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  #6 (permalink)
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MetalTrade View Post
I read that x-trader is very old software ? Is it really good ?

Best I can tell, they update it when needed. What's more important, the software is new or that it contains the features you need, it's fast, and it's stable?

I mean the interface is modern, every bit as modern as NinjaTrader is (not as modern as MultiCharts) so it's not so old that it really has any downsides, in my opinion.

You can follow the X-Trader thread for more info as I learn about it.

Mike

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  #7 (permalink)
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Mega View Post
Thanks Big Mike.
I've seen your posts on MultiCharts and it does look really good.
How are the drawing tools? Easy to add/move/edit/size/delete/select/straighten lines?

Any experience with TradeStation (with Owndata)? TradeStation vs MulitCharts?

The drawing tools are fine for me. I do wish they had hotkeys, but they do not. So that is a downside. But I draw a fair amount of trend lines and I am quite used to it. The lines can be made sticky, so it means once you draw a line each mouse click will continue with that tool until you stop it. I like that.

Also, all drawing objects are persistent and are held at the exact chart time, so you can change chart sizes or time frames and the drawing objects remain.

Mike

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  #8 (permalink)
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Mega View Post

Any experience with TradeStation (with Owndata)? TradeStation vs MulitCharts?

Skipped that, sorry. I have no experience with OwnData. I use Zen Fire and IQFeed with MultiCharts, and shortly will be using the TT adapter as well.

Mike

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  #9 (permalink)
 
 
Posts: 1,081 since May 2010

BIGM, I love also multicharts but for my forex trades I just need to place quick orders, would you advise to use the free software of the brokers I use (PFG and Dukascopy) ? Problem is I loose time. With the charttrader in NT it's CLICK and its done !!! thanks

Did multicharts ever crashed on you ?

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  #10 (permalink)
Site Administrator
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
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Posts: 48,774 since Jun 2009
Thanks: 31,485 given, 94,153 received



MetalTrade View Post
BIGM, I love also multicharts but for my forex trades I just need to place quick orders, would you advise to use the free software of the brokers I use (PFG and Dukascopy) ? Problem is I loose time. With the charttrader in NT it's CLICK and its done !!! thanks

Did multicharts ever crashed on you ?

I can't comment on PFG or Dukascopy as I have no experience with them. Just like someone can't tell you how to trade, I think someone can't really tell you what the best platform is for you. You'll need to do research and make your own choices

As for MultiCharts, I did have it crash once a few months ago. It has a handy little helper app which captures all relevant info (with permission) and sends it off to MultiCharts support automatically. A nice feature. The crash was also purely my fault, I programmed a bad EasyLanguage loop.

Mike

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