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Trading futures with Tradovate "no commissions" broker?
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Trading futures with Tradovate "no commissions" broker?

  #51 (permalink)
Site Administrator
Manta, Ecuador
 
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Favorite Futures: E-mini ES S&P 500
 
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Tradovate added Jigsaw to their platform now as well. I received the below email:

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Link to Tradovate

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  #52 (permalink)
Elite Member
Milano Italia
 
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Does anyone has any actual experiences with Tradovate? I'm quite ready to open an account with them.

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  #53 (permalink)
Site Administrator
Manta, Ecuador
 
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Some more news from Tradovate regarding Market Replay

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Blog post:
https://blog.tradovate.com/what-is-market-replay-and-why-do-people-love-it

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
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  #54 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
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Posts: 46,237 since Jun 2009
Thanks: 29,350 given, 83,153 received

Hi guys,

It seems Tradovate has been busy lately - they've just released Sierra Chart according to an email I received:

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Get Sierra Chart at Tradovate

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
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  #55 (permalink)
One day...
SF, CA/USA
 
Futures Experience: Beginner
Platform: SC
Broker/Data: Stage 5 Trading/Gain
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Ooooohhh....

Sent using the futures.io mobile app

Focused goals:
actions in the market are pre-considered
trades only occur when the market has conformed to expectations
don’t rigidly stick to initial expectations against all evidence to the contrary
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  #56 (permalink)
Trading Apprentice
New York, New York, USA
 
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Platform: Tradovate & Investor R/T
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Tradovate review


sebastiano View Post
Does anyone has any actual experiences with Tradovate? I'm quite ready to open an account with them.

I have been trading with Tradovate since September 2016 and I thought I'd share some of my experiences and impressions:

1. They are really cheap.
Tradovate advertises "commission free trading." In reality, they as an IB charge you a small annual fee, and then you pay a 9 cents per side fee that goes to their FCM (along with applicable exchange and regulatory fees). They call the fee that gets passed to their FCM a "clearing fee" hence the "commission free trading." Now, no customer would actually agree that this is commission free, but on the other hand if they just advertised "really low commissions" they would not stand out in the crowd -- and at the level they charge, they do deserve to stand out. It is hard for me to imagine a retail trader getting fees close to this anywhere else. (Apparently at one time Optimus may have offered a flat annual fee, but I talked to Matt briefly when I was investigating Tradovate and he said that he did not want to do it anymore.)

2. I have had a very good customer service experience.
There were a few knotty issues surrounding my account opening and I dealt directly with Ryan Hansen, President of Tradovate, and he did a great job for me. The other folks I have worked with regarding trade support, technical support, suggested platform enhancements, etc. have all been responsive and very helpful. Now of course, the firm was very new when I started, so at that time they probably had the highest "employee to customer ratio" in the industry and it remains to be seen if they are able to provide the same quality of service as they grow. But, so far, so good.

3. The data feed is rock solid.
Tradovate uses CQG data, and that cost is included in the Tradovate annual fee. (Customers pay the monthly data fee required by each exchange that they trade on.) I have traded exclusively on Tradovate since September, and I cannot say that the data froze, lagged or crashed even once in that time. Before September I was at Tradestation for many years, and with respect to the data feed, my Tradovate experience is much, much better.

4. The DOM is quite good.
The DOM seems relatively full functioned. The most complicated order I use is an Order Cancels Order with a limit and a stop when I am in a position, and the Tradovate DOM accommodates this perfectly. I cannot speak to other more complicated bracket orders. One thing I don't like: With the Tradestation DOM, you left-clicked to place an order, and the software knew by the location of the click whether it was buy or sell and stop or limit. With Tradovate, it's left click for limit and right click for stop. So, if you're trying to place a sell stop below the market and you accidentally left click, it's a sell limit order below the market, which is actually a sell at market order. I don't like that at all.

5. Great third party integrations.
Designing the platform from scratch, Tradovate seems to have made it a priority to be able to integrate seamlessly popular third party products. I use Bookmap on Tradovate; they also offer integration with Jigsaw, Order Flow Analytics, and, I've recently seen, Sierra Chart. They do a really good job of this integration.

6. Charting is promising but a work in progress.
Charts look good, and the functionality of changing the type of chart, adding and modifying indicators, etc. is very thoughtfully implemented. Indicators are Open Source in java script so you can do your own work if you choose. However, there's just not enough there yet in terms of types of charts, number of indicators, flexibility to do various profile analyses, etc. I suspect most serious traders will want another charting platform (which means some additional platform and data expenses!) The recent announcement of the ability to integrate with Sierra Chart could be a game changer in this regard. That's something I need to look into. I use Investor R/T now, but if Tradovate plus SC gets me all the things I need and works out to be cheaper than what I am paying now, I would definitely consider switching. (Or, maybe Tradovate will offer Investor R/T integration at some point?)

7. No continuous futures contracts (yet?)
This is another reason most serious traders will want another charting package. If you want to do any sort of historical analysis more than a month or two back, continuous futures contracts are a must. Tradovate has said this feature is perhaps coming in the future. I feel it is essential.

8. No "Day Session" contracts
I primarily trade ES, and I like to be able to look at price action and volume on both a "Day Session" and "24-hour Session" basis. Tradovate only offers the "24-Hour Session." So for example, the volume histogram on the DOM always includes the overnight volume. As with continuous futures contracts, I feel the ability to look at Day Session ad 24-hour Session data separately is an essential feature.

All in all, Tradovate offers a great product at an unbeatable price and I am a very happy customer. There is a lot they can add to make the product better, but based on the pace of their development thus far, they seem committed to the goal of getting retail traders everything they need in a solid platform at the lowest price possible.

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  #57 (permalink)
One day...
SF, CA/USA
 
Futures Experience: Beginner
Platform: SC
Broker/Data: Stage 5 Trading/Gain
Favorite Futures: CL, NQ, ES, EUR
 
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They peaked my interest when they announced integration with Sierra Chart. I'm not sure though how their first option for SC is any different than just having SC charts up and clicking on the Tradovate DOM. Their second option for SC looks like the real integration but comes with extra fees.....diminishes the differential between other brokers. Still haven't done the calculations yet to figure out the number of contracts to see a benefit switching to tradovate.

Focused goals:
actions in the market are pre-considered
trades only occur when the market has conformed to expectations
don’t rigidly stick to initial expectations against all evidence to the contrary
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  #58 (permalink)
Trading Apprentice
New York, New York, USA
 
Futures Experience: Advanced
Platform: Tradovate & Investor R/T
Favorite Futures: Emini ES
 
Posts: 23 since Jun 2016
Thanks: 12 given, 20 received


jackbravo View Post
They peaked my interest when they announced integration with Sierra Chart. I'm not sure though how their first option for SC is any different than just having SC charts up and clicking on the Tradovate DOM. Their second option for SC looks like the real integration but comes with extra fees.....diminishes the differential between other brokers. Still haven't done the calculations yet to figure out the number of contracts to see a benefit switching to tradovate.

Seems to me that the "first option" as you call it allows you to use Tradovate's CQG data feed to power Sierra Chart. My guess is that is probably cheaper than other options, although I am not an expert on Sierra Chart.

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  #59 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
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Posts: 46,237 since Jun 2009
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Just back from vacation and noticed this in my email inbox, so am passing it on here:


Quoting 

Tradovate is pleased to announce the addition of Jigsaw RapidTraderPro!

Jigsaw RapidTraderPro at Tradovate:

Now there are two ways you can use Jigsaw tools at Tradovate. First, you can choose Jigsaw tools fully integrated into Tradovate's platform. Second, you can also use Jigsaw RapidTraderPro at Tradovate.

As a special offer Tradovate is offering RapidTraderPro with no Tradovate Memembership Fee while RapidTraderPro is in beta. This is an ultra aggressive offer that will allow you to trade the ES for only $1.28 per side plus a CGQ order routing fee of $0.15 or $1.43 total per side. Once RapidTraderPro is moved out of beta it will fall under Tradovate's Active Membership Plan.

In addition, you get access to Tradovate's platform that includes Jigsaw tools for On-Demand Market Replay. Use Tradovate's On-Demand Market Replay to test strategies with Jigsaw tools and trade in simulation.

Get Started Today with RapidTraderPro at Tradovate >>

Jigsaw customers at Tradovate get:
• Jigsaw's Depth & Sales to view important market action and place trades
• Jigsaw's Auction Vista heatmap to view historical and current order flow
• Jigsaw's Reconstructed Tape to track small and large trader activity
Price action swing indicator for viewing swing charts
Cumulative delta indicator for viewing market order activity
• $0 platform licensing, order routing, or mobile app fees
• $500 day trading margins for E-mini S&P 500, Nasdaq 100, Dow, Mini-Russell 2000, US Treasury Bond, & 10-Year T-Note
Futures and options trading involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results.

Customer Support Team | Tradovate, LLC
d: 312.283.3100 e: support@tradovate.com w: tradovate.com

Futures and options trading involves substantial risk of loss and is not suitable for all investors. Past performance of a futures or options contract does not guarantee future results or return.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #60 (permalink)
Elite Member
minneapolis
 
Futures Experience: Beginner
Platform: ninjatrader
Favorite Futures: es
 
Posts: 6 since Apr 2013
Thanks: 4 given, 0 received

Using tradovate with 2nd platform?


Has anyone used Tradovate along with ninja charts which would require two data streams as I understand it. Would need to run both in parallel. Have tradovate open to execute trade for low commission and then use ninja to do the charting (have developed indicators etc that are specific to ninja). As I understand it I would need 2 data streams into the same PC. Wondering if other traders have done this and what was their experience? or are there other ways to do this.
Thank you in advance

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