Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
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 for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Surprised I couldn't find a lot of info on this.
I'm exlusively trading on the DOM, currently via NT. But I'm a bit sick of it, it's rather basic and very little customisation options.
So I decided to look elsewhere and since I just signed up with AMP and you get Sierra Chart, Multicharts, Xtrader and more for free, I gave SC a go and am extremely impressed. I seems to knock NT right out of the park, and is much leaner at the same time.
Still need to practice with their Dom but I thought I'd put it out there.
Which Dom do you think is best?
Can you help answer these questions from other members on NexusFi?
Broker: Infinity Futures, SierraChart RT Data Feed
Trading: Mini-DAX, CL, 6E
Posts: 532 since Jun 2010
Thanks Given: 273
Thanks Received: 403
Of course I don't know each and every DOM, but I love Sierra Charts DOM because it is extremely flexible: you have tons of options to set all kinds of volume information right on the DOM as shown in the screenshot below and shown in this post, and it is extremely light weight and reliable - as pretty much everything in SC.
Dear vendors, please review this post and this one.
As the red/uppercase/italic/larger font doesn't seems to be big enough in these posts: Take note - even though this section of the forum is for the discussion of Vendors and Commercial Products, there is a very strict NO ADVERTISING FOR SELF PROMOTION rule.
SC is far better than NT. Not sure why people like NT at all. Clunky and slow. SC DOM is excellent, and you should check out the Chart DOM, as well. Might be something you would like.
Depends what you want. Honestly, I haven't really heard of any old school DOM traders who even trade in the old school way anymore. They have mostly all come to terms with the fact being that the DOM is highly difficult to read now, with the advancement of complex algorithms and ordering strategies employed by high frequency firms. It would be pretty interesting to see if someone has an actual edge reading the DOM nowadays.
The level of "complexity"/"intensity" employed by the algos does seem to differ considerably based on the market you are trading, with ES being the worst in my opinion.
I am not here to tout or cheer for any platform over another but I will say this - if you are a human being and in a market where most of the trading activity is algos, then the simpler the trading methodology you have the more likely for success.
The more complexity and more nuances you have and attribute to your amazing platform and how it enables you to have an edge over the algos the more you are deluding yourself.
This is my two cents worth and feel free to ignore.
Many people won't want to hear this, but Tradestation has a terrific DOM. Very solid, very customizable.
I don't scalp per say, so the fact that the data feed is not tick for tick is not that big a factor for me. If that level of speed is an issue, you want Jigsaw.