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What brokerages are you using/do you recommend for short term futures trading?
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What brokerages are you using/do you recommend for short term futures trading?

  #21 (permalink)
Elite Member
Slovakia
 
Futures Experience: Intermediate
Platform: Ninjatrader
Favorite Futures: futures
 
Posts: 112 since Aug 2009
Thanks: 19 given, 54 received


Blash View Post
I recently started to use IB's gateway connection and find I like it much better than TraderWorkStation (TWS), IB's platform.

With the gateway I can have the connection up all the time there are no server resets that kick you off once a day like with TWS. Runs super smooth, too bad I only discovered the gateway option about a month ago. Shame on me.

Ron


Sent from my iPhone using futures.io

You have no server resets with IB Gateway? I have every day every mornig 6:15-6:17 (CET) 1 time have it at 6:45-6:47 (CET)

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  #22 (permalink)
 Vendor: www.orderflowdashpro.com 
North Carolina
 
Futures Experience: Beginner
Platform: NinjaTrader, Tradestation
Favorite Futures: es
 
Posts: 364 since Nov 2011
Thanks: 111 given, 353 received

Tradestation is one option worth considering. I would also look at FuturesOnline and NinjaTrader. I think FuturesOnline is ran by some former OEC people.


Last edited by tpredictor; May 26th, 2017 at 12:36 PM.
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  #23 (permalink)
Elite Member
Chicago, IL
 
Futures Experience: None
Platform: NT8,NT7,TWS,FOREX.COM app
Broker/Data: InteractiveBrokers, NinjaTrader Brokerage FOREX.COM, IQFeed
Favorite Futures: The one I'm creating in the present....ES, ZF, ZN, ZB, FX pairs
 
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Obelixtrader View Post
You have no server resets with IB Gateway? I have every day every mornig 6:15-6:17 (CET) 1 time have it at 6:45-6:47 (CET)

Seems with NT8 it reconnects with IB's gateway as opposed to IB's TWS.

I just tested overnight to double check between Friday and Saturday morning here in Chicago to IB's Chicago's server. NT8 reconnects. I never witnessed it because it happens late but I leave my trade machine run 24 hrs save for a reboot shortly after RTH close. I never looked thru the log file for what is actually happening but I just did for this post and I was disconnected for 1.5 hrs in the middle of the night. Key here is I was reconnected. With NT7, back when I was using it, I would get disconnected and that was it it stayed that way until I did something the next morning.

Ron

It is an axiomatic fact that while you meditate you are speaking with your own spirit. In that state of mind you put certain questions to your spirit and the spirit answers: the light breaks forth and the reality is revealed.
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
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  #24 (permalink)
 Vendor: www.orderflowdashpro.com 
North Carolina
 
Futures Experience: Beginner
Platform: NinjaTrader, Tradestation
Favorite Futures: es
 
Posts: 364 since Nov 2011
Thanks: 111 given, 353 received

Two more notes, one I would be extra careful with third party software especially if connecting to non futures dedicated brokers. Both the broker and the software can be good but with anything complex there is potential for things to go wrong which is something you don't want to be dealing with. Second, I'm not sure that I'd fund an account beyond what you truly need. There have been a few cases where money has been locked or up lost at FCM's and if say you think you'll only truly need maybe 10k then why not hold out the rest in a savings account.

If you want to do system trading, I think Tradestation is still the best even though they don't seem to be investing properly into their platform. Tradestation's discretionary trading abilities aren't the best but are sufficient. Ninjatrader has the better ecosystem and innovative tools.

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  #25 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
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tpredictor View Post
Two more notes, one I would be extra careful with third party software especially if connecting to non futures dedicated brokers. Both the broker and the software can be good but with anything complex there is potential for things to go wrong which is something you don't want to be dealing with. Second, I'm not sure that I'd fund an account beyond what you truly need. There have been a few cases where money has been locked or up lost at FCM's and if say you think you'll only truly need maybe 10k then why not hold out the rest in a savings account.

If you want to do system trading, I think Tradestation is still the best even though they don't seem to be investing properly into their platform. Tradestation's discretionary trading abilities aren't the best but are sufficient. Ninjatrader has the better ecosystem and innovative tools.

Although we offer Futures only, I do not think that your conclusion/assumption on companies that offer other asset classes on other platforms is valid. There is a separation between front-end and backend connectivity, they do not sit on top of each other. Second, TradeStation and MC, in my opinion, provide better-bactested results than many other platforms I have seen. This, in my opinion, is one of their core strength.

Thanks,
Matt Z
Optimus Futures

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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  #26 (permalink)
Elite Member
Chicago, IL
 
Futures Experience: None
Platform: NT8,NT7,TWS,FOREX.COM app
Broker/Data: InteractiveBrokers, NinjaTrader Brokerage FOREX.COM, IQFeed
Favorite Futures: The one I'm creating in the present....ES, ZF, ZN, ZB, FX pairs
 
Blash's Avatar
 
Posts: 1,545 since Nov 2011
Thanks: 4,478 given, 2,311 received
Forum Reputation: Legendary


Obelixtrader View Post
You have no server resets with IB Gateway? I have every day every mornig 6:15-6:17 (CET) 1 time have it at 6:45-6:47 (CET)


Blash View Post
Seems with NT8 it reconnects with IB's gateway as opposed to IB's TWS.

I just tested overnight to double check between Friday and Saturday morning here in Chicago to IB's Chicago's server. NT8 reconnects. I never witnessed it because it happens late but I leave my trade machine run 24 hrs save for a reboot shortly after RTH close. I never looked thru the log file for what is actually happening but I just did for this post and I was disconnected for 1.5 hrs in the middle of the night. Key here is I was reconnected. With NT7, back when I was using it, I would get disconnected and that was it it stayed that way until I did something the next morning.

Ron

Connected to IB over night. Here is what happened.

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Disconnected for 26 seconds total around 1:00am with IB's gateway connection.

Ron

It is an axiomatic fact that while you meditate you are speaking with your own spirit. In that state of mind you put certain questions to your spirit and the spirit answers: the light breaks forth and the reality is revealed.
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
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  #27 (permalink)
Elite Member
Slovakia
 
Futures Experience: Intermediate
Platform: Ninjatrader
Favorite Futures: futures
 
Posts: 112 since Aug 2009
Thanks: 19 given, 54 received

I will look on my connection tommorow morning (NT8).

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  #28 (permalink)
Elite Member
Slovakia
 
Futures Experience: Intermediate
Platform: Ninjatrader
Favorite Futures: futures
 
Posts: 112 since Aug 2009
Thanks: 19 given, 54 received


Obelixtrader View Post
I will look on my connection tommorow morning (NT8).

i am on Europe server (IB Gateway) almost 2 min vs your 26 sec

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  #29 (permalink)
Membership Temporarily Revoked
Bangkok
 
Futures Experience: Advanced
Platform: nt
Favorite Futures: crude
 
Posts: 64 since Sep 2016
Thanks: 35 given, 5 received


TheWizard View Post
Check with NinjaTrader. Since they started their NinjaTrader Brokerage, I believe, If you're using NinjaTrader as your software trading platform, you are required to use NinjaTrader brokerage as your broker. Some of us older NinjaTrader License holders were "grandfathered" and permitted to keep the brokerage we were using (AMP, Dorman, Optimus Futures, etc) PRIOR to NinjaTrader starting their own brokerage. I'm not sure that is still permitted. You may be required to use NinjaTrader Brokerage, as your broker. Check with them first - prior to opening an account with another brokerage.

Hi Wizard: you must also know plenty about their datafeed company named NinjaTrader Continuum then, right?

You personally use it?

Do you like it in terms of consistency and reliability and such?

Thx Wizard

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  #30 (permalink)
Market Wizard
Houston, TX
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Optimus Futures
Favorite Futures: 6E
 
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Posts: 1,710 since Jun 2009
Thanks: 509 given, 4,070 received



vont View Post
Hi Wizard: you must also know plenty about their datafeed company named NinjaTrader Continuum then, right?

You personally use it?

Do you like it in terms of consistency and reliability and such?

Thx Wizard

No, I don't use Ninja as my broker or data feed. Don't know anything about consistency / reliability. I'm grand-fathered and am with another broker.

After all, it's what you learn AFTER you know it all, that counts!
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