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Is Thinkorswim a good Platform for Futures Trading?
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Is Thinkorswim a good Platform for Futures Trading?

  #101 (permalink)
Elite Member
New York, NY
 
Futures Experience: Intermediate
Platform: Sierra Chart, thinkorswim
Broker/Data: Amp-Rithmic/TT, IB
Favorite Futures: CL, GC, NQ
 
Posts: 569 since Nov 2010
Thanks: 1,797 given, 249 received


Futures Operator View Post
I haven't compared DOM, as I don't use TOS DOM, but I compared Thinkorswim Time&Sales to Rithmic Time&Sales through Sierra Chart yesterday. It was not identical but in my short visual observation, TOS was between 100-1000ms behind, being variable. Everyone can test it and decide for themselves if any speed difference is too slow for their trading style. Interesting bit, I also tested my reaction time here, and it was between 250-300ms: Human Benchmark - Reaction Time Test

An update to this, during a volatile market, ie the recent mini flash crash in crude, 300 ticks in 1 minute, TOS did not keep up, the lag extended to seconds, and price was off 20-50 ticks at times.

Of course Sierra Chart with Rithmic hasn't been reliable for me yet either, still trying to work out the issues, so I guess no platform is perfect.

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  #102 (permalink)
Trading Apprentice
Moscow + Russia
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: CL
 
Posts: 4 since May 2012
Thanks: 1 given, 1 received

as i know, thinkorswim closing account for european clients

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  #103 (permalink)
Elite Member
San Diego CA
 
Futures Experience: Beginner
Platform: TOS
Favorite Futures: StocKs
 
Posts: 26 since May 2012
Thanks: 14 given, 5 received

TOS lag addressed increasing memory usage?


I saw a lot of quotes on TOS lag, frankly I am disturbed. I have got my a$$ handed to me thinking I had good system using paper trades and think on demand with success.

I found this link on the web that may address the lag issue.
Solution for streaming multiple items - thinkorswim problem

This person said increasing the memory Usage solved his problem. When I checked the default was set to 5 Mbytes min and max 500 MBytes

I now set it to 1536 min and 1536 Max.

Has anyone done this before and does it make a difference?

I don't have another broker to compare with.

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  #104 (permalink)
Trading Apprentice
nowherenewsville, GA
 
Futures Experience: Beginner
Platform: MC
Favorite Futures: ES
 
Posts: 1 since Apr 2012
Thanks: 11 given, 0 received

Not using volume profile is one of my suggestions. For me it has caused my platform to lock up with error messages for news and non news based situations, making me restart it. Just my personal opinion. If you want to get the optimum data rates only use 4-8 charts. Anything more causes problems imo. I use the paper trading platform as well when watching the market because the DOM has pretty much an instant price feed.

Current problem I am facing are windows randomly freezing during the day. Sometimes it's hard to notice. This is one that I have been experiencing more so just recently and actually caused me trouble this week.


Last edited by 20bagJ; October 21st, 2012 at 08:54 PM.
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  #105 (permalink)
Membership Temporarily Revoked
Columbus, OH
 
Futures Experience: Advanced
Platform: TOS
Favorite Futures: options
 
theoptionguru's Avatar
 
Posts: 11 since Sep 2012
Thanks: 10 given, 16 received

I've been using TOS for more than 4 years now. I wasn't entirely happy when they sold out to TDA, but at least TDA is attempting to embrace the "TOS Culture", especially for their legacy customers.

I traded ES and TF for a few months last year, after months of testing. Back then I noticed that the charts lagged the DOM ladder, but I still got fills at my price - I noticed no slippage - and that's what counts, isn't it?

For futures trading it would be good if they allowed users to select the Tick count rather than have set values.

I wanted to get back into futures recently, and I was very impressed with NT. I was not impressed with all the costs and what I considered (compared to TOS) complex arrangements/options for data and brokers. It turned out some guy at Mirus got my name and wanted to help me out, but I passed on the whole idea.

I am able to muddle through thinkscript but totally lost with custom indicators in NT.

So now I'm back to option spreads on good ole' TOS. Missing the excitement of day trading, I'm currently in the infant stages of day trading AAPL ATM weeklys live. So far, it's working out quite well. I got the idea from a thread on this site: https://futures.io/options-cfd-trading/7599-day-trading-options.html. It seems more relaxing and still as profitable as futures; and since I negotiated a rate of 1.25/contract when Sosnoff was still there, the commissions are much less as well.

As a final note, you just can't beat TOS for support and education. After all, they have 3-4 heavy duty option traders teaching and talking strategy for over 2-4 hours everyday - and they seem to enjoy doing it. They are recorded for later viewing & Don Kaufman is really a treat to listen to.

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  #106 (permalink)
Elite Member
Pismo Beach CA
 
Futures Experience: Intermediate
Platform: TOS, IB, Fidelity for 'swing' trades
Favorite Futures: ES, NQ, IBB, IWM, NG
 
heywally's Avatar
 
Posts: 160 since Apr 2010
Thanks: 80 given, 89 received

Just wanted to mention that TDAmer/TOS is 'reallowing' futures trading for IRA accounts, if anyone is interested in that. They are the only brokerage I know of that provides an FDIC insured bank account for futures cash sweeps and IRA futures trading plus, has a good/transparent enough (I think) financial position where I'm comfortable having my IRA over there, to use partially for futures trading.

"The Future Ain't what it used to be"
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  #107 (permalink)
Trading Apprentice
Portland, Oregon
 
Futures Experience: Advanced
Platform: ninjatrader
Favorite Futures: es
 
Posts: 24 since Mar 2012
Thanks: 9 given, 1 received


pbenson68 View Post
I saw a lot of quotes on TOS lag, frankly I am disturbed. I have got my a$$ handed to me thinking I had good system using paper trades and think on demand with success.

I found this link on the web that may address the lag issue.
Solution for streaming multiple items - thinkorswim problem

This person said increasing the memory Usage solved his problem. When I checked the default was set to 5 Mbytes min and max 500 MBytes

I now set it to 1536 min and 1536 Max.

Has anyone done this before and does it make a difference?

I don't have another broker to compare with.


How do you check the memory usage and default? I would like to try that cause my TOS is literally 2 seconds behind my DOM and Sierra Chart... and I have 10 mb on my computer.

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  #108 (permalink)
Elite Member
Portland, OR
 
Futures Experience: None
Platform: tos
Favorite Futures: NQ, SB, 6J, CL, GC
 
Massive l's Avatar
 
Posts: 1,458 since Mar 2011
Thanks: 922 given, 1,815 received

In the login screen, hit configure and use the highest setting in the drop down menu for memory allocation.

Psychology > Strategy ≥ Money
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  #109 (permalink)
Elite Member
Dallas
 
Futures Experience: Intermediate
Platform: ThinkorSwim, Ninjatrader, Multicharts
Broker/Data: Thinkorswim, Ninjatrader Brokerage
 
optionzen's Avatar
 
Posts: 135 since Nov 2010
Thanks: 134 given, 103 received

You can trade Futures with your TD Ameritrade roth account only if you can maintain 25K balance. I was trying to trade futures with my ira and they would not let me , here is their email that was sent to me.
---------------------------------------------

Thank you for your application to trade futures in your IRA. Unfortunately, we are unable to approve your request at this time. Your account must have a net liquidating value of at least $25,000 to be approved for futures trading.

Please let us know when your account meets this requirement, and we’ll be happy to review your application again. Please note that in order to have your request resubmitted, you must reply to this email.

We regret that we cannot agree to your current request, but please rest assured that TD Ameritrade remains completely committed to supporting you as you pursue your financial goals. Feel free to call Client Services at 866-839-1100 if you have any questions or need assistance. We’re available 24 hours a day, seven days a week.

Sincerely,

Futures Support

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  #110 (permalink)
Elite Member
Portland, OR
 
Futures Experience: None
Platform: tos
Favorite Futures: NQ, SB, 6J, CL, GC
 
Massive l's Avatar
 
Posts: 1,458 since Mar 2011
Thanks: 922 given, 1,815 received


I'm thinking of running the CQG trader through Variance Futures while using ToS for my charts.
Anyone do something similar? What do you use?

Psychology > Strategy ≥ Money
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