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?
Last edited by cencored; June 14th, 2016 at 12:46 AM.
Broker/Data: Infinity Futures, SierraChart RT Data Feed
Favorite Futures: Mini-DAX, FESX, CL, 6E, 6B
Posts: 226 since Jun 2010
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Sierra Chart DOM
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.
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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.
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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.
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