Scalping platform with DOM - futures io
futures io



Scalping platform with DOM


Discussion in Platforms and Indicators

Updated
      Top Posters
    1. looks_one Audio88 with 3 posts (0 thanks)
    2. looks_two matthew28 with 1 posts (2 thanks)
    3. looks_3 MichaelFlowTrader with 1 posts (1 thanks)
    4. looks_4 Mativen with 1 posts (1 thanks)
      Best Posters
    1. looks_one matthew28 with 2 thanks per post
    2. looks_two RADO with 2 thanks per post
    3. looks_3 MichaelFlowTrader with 1 thanks per post
    4. looks_4 awesomizer with 1 thanks per post
    1. trending_up 1,221 views
    2. thumb_up 7 thanks given
    3. group 9 followers
    1. forum 8 posts
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
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

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

 
Search this Thread
 

Scalping platform with DOM

(login for full post details)
  #1 (permalink)
Audio88
Huntington beach , CA
 
 
Posts: 3 since Mar 2021
Thanks: 5 given, 0 received

Hey guys,

New to trading , i've been researching a lot about platforms and a bit overwhelmed at the moment. There are so many options plus brokers. I've been doing a lot of research and read about DOMs, that's an important feature for me.

I recently purchased the jigsaw package with the "lifetime liscense" for 580$, however it's not up to my expectations, and there's actually a monthly fee. I have little desire to pay that much for just a DOM on top of the other fees. I actually purchased that because i read some advice that said it was good for beginners with the tutorials. However, i don't think someone who's new should spend that much on a good DOM with bad charts and poor tutorials and a subscription fee. I'm considering a refund.

Other research i've done has told me to use Trading Technologies platform. I've heard this platform has a good DOM as well as good charts. I'm just a bit confused on their pricing.

Other options i was considering:

Motivewave ? How is their dom ?
Sierra charts? (this seems popular , but im not sure it's for me)
Bookmap? The heatmaps look useful, but im not sure it's a needed feature.
There's also Lightspeed? not sure if this has a DOM?

I'm also concerned with execution time. I heard TT has the best execution time?


TLDR: Which platform should i use for scalping with charts + DOM (w/ volume profile). If you could recommend a broker that would be helpful as well.

Reply With Quote

Journal Challenge April 2021 results (now extended!):
Competing for $1800 in prizes from Jigsaw
looks_oneMaking a Living with the Microsby sstheo
(172 thanks from 21 posts)
looks_twoSalao's Journalby Salao
(48 thanks from 11 posts)
looks_3Deetee’s DAX Trading Journal (time based)by Deetee
(35 thanks from 18 posts)
looks_4Learning to Profit - A journey in algorithms and optionsby Syntax
(15 thanks from 13 posts)
looks_5Maybe a little bit different journalby Malykubo
(14 thanks from 14 posts)
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Big Mike in Ecuador
76 thanks
The Crude Dude Oil Trading System
57 thanks
Would You Sell Your System?
57 thanks
Help improve the FIO community
27 thanks
The New Micro Contract - MICRO BITCOIN coming May 2021
25 thanks
 
(login for full post details)
  #2 (permalink)
 Mativen 
Los Angeles, CA/USA
 
Experience: None
Platform: NT, TOS, TS
Broker: TD, TS, NT
Trading: Futures, SPY, QQQ
 
Posts: 2 since Aug 2020
Thanks: 0 given, 3 received

Have you ever try Ninjatrader? They have a free version with live data for trial and paper trade.
I really like their Chart Trader vs DOM.

Reply With Quote
The following user says Thank You to Mativen for this post:
 
(login for full post details)
  #3 (permalink)
Audio88
Huntington beach , CA
 
 
Posts: 3 since Mar 2021
Thanks: 5 given, 0 received


I haven't tried ninja trader, Haven't really heard many good things about it. Heard it was "spaghetti code", and just pretty.

Reply With Quote
 
(login for full post details)
  #4 (permalink)
 RADO 
Melbourne, Australia
 
Experience: Advanced
Platform: SC, TradingView
Broker: CQG/AMP, IB
Trading: SPI, EMD, CL, ZS
 
Posts: 50 since Oct 2013
Thanks: 12 given, 63 received


Audio88 View Post
Hey guys,

New to trading , i've been researching a lot about platforms and a bit overwhelmed at the moment. There are so many options plus brokers. I've been doing a lot of research and read about DOMs, that's an important feature for me.

I recently purchased the jigsaw package with the "lifetime liscense" for 580$, however it's not up to my expectations, and there's actually a monthly fee. I have little desire to pay that much for just a DOM on top of the other fees. I actually purchased that because i read some advice that said it was good for beginners with the tutorials. However, i don't think someone who's new should spend that much on a good DOM with bad charts and poor tutorials and a subscription fee. I'm considering a refund.

Other research i've done has told me to use Trading Technologies platform. I've heard this platform has a good DOM as well as good charts. I'm just a bit confused on their pricing.

Other options i was considering:

Motivewave ? How is their dom ?
Sierra charts? (this seems popular , but im not sure it's for me)
Bookmap? The heatmaps look useful, but im not sure it's a needed feature.
There's also Lightspeed? not sure if this has a DOM?

I'm also concerned with execution time. I heard TT has the best execution time?


TLDR: Which platform should i use for scalping with charts + DOM (w/ volume profile). If you could recommend a broker that would be helpful as well.

TT is mega expensive. Sierra Charts is a good option however the platform has a higher learning curve. In terms of speed Sierra Charts is very fast you can watch comparison videos on youtube and decide for yourself. If you're new Multicharts could be another good option which is free with some brokers. Sierra Charts was free but now you have to pay a monthly fee.

Reply With Quote
The following 2 users say Thank You to RADO for this post:
 
(login for full post details)
  #5 (permalink)
 awesomizer 
Portage, MI
 
Experience: Intermediate
Platform: Bookmap, Tradingview
Trading: NQ
 
awesomizer's Avatar
 
Posts: 73 since Nov 2020
Thanks: 190 given, 46 received

Since you want to use the DOM and scalp nothing will beat bookmap for that. If you would like to incorporate volume profile to graduate away from scalping to more of intraday swing trading then sierra charts would be great for that. Preferably bookmap on one monitor, sierra on another. And also since you want to scalp you will need a broker that will let you pay a monthly fee for no commissions and tradovate will be good for that. And you can trade with tradovate through bookmap. Keep in mind the monthly costs for all this will be expensive though.

Reply With Quote
The following user says Thank You to awesomizer for this post:
 
(login for full post details)
  #6 (permalink)
Audio88
Huntington beach , CA
 
 
Posts: 3 since Mar 2021
Thanks: 5 given, 0 received

Ok I've been looking at sierra charts and bookmap. Both seem pretty appealing leaning towards bookmap at the moment.

Reply With Quote
 
(login for full post details)
  #7 (permalink)
 matthew28 
Legendary Elite_Member
Wiltshire, United Kingdom
 
Experience: Beginner
Trading: US Equity Index Futures
 
matthew28's Avatar
 
Posts: 979 since Sep 2013
Thanks: 2,452 given, 1,764 received

The live license for Jigsaw is $50, and only required for "real money" trading. You will start on sim anyway and if you can't cover $50/month when trading a real account then you unlikely to be consistently profitable.
Surprised that you say that despite being new to trading the Jigsaw tutorials are poor. There is hours of videos and webpages in a beginner's section and three part order flow course.
I agree the charts aren't the best, but then they are still in Beta. They have lots of the standard indicators and will eventually be decent enough. Prop shops start people on the DOM anyway and only add charts later for some larger big picture context.
TT was/is the professional choice for prop firms and so on. That has never been free and had a high monthly cost though I think some brokers now offer it subscription free but with an additional round turn fee, not good for a scalper. You get what you pay for, professionals understand you have to pay for good products.

Trading, ideally structured, is a vehicle for expanding consciousness, not damaging it. - Brett Steenbarger
Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to matthew28 for this post:
 
(login for full post details)
  #8 (permalink)
Mozart2112
Minoqua Wi USA
 
 
Posts: 84 since Sep 2019
Thanks: 47 given, 47 received

NinjaTrader or Multicharts have really good DOM's and chart trading...

Reply With Quote
 
(login for full post details)
  #9 (permalink)
MichaelFlowTrader
Atlanta
 
 
Posts: 127 since Jan 2017
Thanks: 36 given, 76 received


Mativen View Post
Have you ever try Ninjatrader? They have a free version with live data for trial and paper trade.
I really like their Chart Trader vs DOM.

No one who wants to be a DOM/Price Ladder trader will ever be happy with NTs DOM, they also wouldn't settle for chart trader. I'm a fan of chart ladders, but if this guy wants to learn DOM, then he needs to learn DOM on a quality ladder.

OP. Why not just stick to Jigsaw? You already spend your money? They have tons of education? The platform supposedly has charts now (I haven't used my jigsaw license in awhile, but I might give it a run because there are some things I wanna to test again (I use TT))) You also only need to pay the $50/m if you go live. If you are this new, then you prob should wait to go live. TT is also $50/month + around $0.30 aside.

Reply With Quote
The following user says Thank You to MichaelFlowTrader for this post:


futures io Trading Community Platforms and Indicators > Scalping platform with DOM


Last Updated on April 2, 2021


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
 

Journal Challenge w/$1,800 in prizes!

April
     



Copyright © 2021 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