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Best Trading DOM
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Best Trading DOM

  #1 (permalink)
Trading Apprentice
Sydney
 
Futures Experience: Advanced
Platform: Sierra all the way!
Broker/Data: AMP rocks
Favorite Futures: ES, CL, GC, 6J
 
Posts: 45 since Oct 2015
Thanks: 36 given, 11 received

Best Trading DOM

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.
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  #2 (permalink)
Elite Member
Cologne, Germany
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: Infinity Futures, SierraChart RT Data Feed
Favorite Futures: Mini-DAX, CL, 6E
 
chrismuc's Avatar
 
Posts: 532 since Jun 2010
Thanks: 273 given, 397 received

Sierra Chart DOM


cencored View Post
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?



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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  #3 (permalink)
Market Wizard
Tampa FL
 
Futures Experience: Intermediate
Platform: Sierra Charts/TOS
Broker/Data: Amp/Optimus/TDA/S5
Favorite Futures: ES/NQ/CL/ZB/GC/VX
 
CenFlo's Avatar
 
Posts: 536 since Apr 2016
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I use AMP, but I went with the MarketDelta cloud DOM for order entry.

It's pretty basic, but it's fast and web based. Just an FYI as you do have more options with Amp if you're on CQG.

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  #4 (permalink)
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  #5 (permalink)
Trading for Fun
Boston, MA
 
Futures Experience: Intermediate
Platform: Sierra Chart
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Posts: 165 since Dec 2014
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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.

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  #6 (permalink)
Elite Member
Los Angeles CA
 
Futures Experience: Intermediate
Platform: Sierra Chart
Favorite Futures: ES
 
Posts: 3 since Jan 2015
Thanks: 0 given, 1 received

All the pure DOM traders I know run TT or jigsaw. Sierra dom is OK, but better than some free ones.

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  #7 (permalink)
Trading for Fun
Boston, MA
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: Interactive Brokers, AMP/CQG
Favorite Futures: N225M (Osaka), ES
 
Posts: 165 since Dec 2014
Thanks: 60 given, 110 received


Justin E View Post
All the pure DOM traders I know run TT or jigsaw. Sierra dom is OK, but better than some free ones.

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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  #8 (permalink)
Trading Apprentice
Bangkok, Thailand
 
Futures Experience: Advanced
Platform: TS, Global, Infinity, OptionsXpress
Favorite Futures: ES, Nat Gas, Gold, Spot
 
Posts: 3 since Jul 2012
Thanks: 2 given, 3 received

check out JIGSAW

I wouldn't trade without it, and I know many many top traders feel the same way

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  #9 (permalink)
Slow Learner, Slow Burner
Melbourne, Australia
 
Futures Experience: Intermediate
Platform: InvestorRT
Broker/Data: Rithmic, IB
Favorite Futures: GC
 
Posts: 74 since Mar 2013
Thanks: 67 given, 36 received

I think Mangolassi above is on the money.

I have used Jigsaw, Bookmap, Multicharts, NT, MarketDelta and Sierra's DOMs.

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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  #10 (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, 15 received

TS!!


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.

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