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

  #111 (permalink)
Elite Member
Prospect, KY. USA
 
Futures Experience: None
Platform: Sierra Chart
Broker/Data: Infinity
Favorite Futures: /CL
 
WilleeMac's Avatar
 
Posts: 680 since Jan 2012
Thanks: 301 given, 600 received

I use TOS for charting

Infinity for for trading futures

The primary reason for doing so is the data feed

For more information please visit thinkscripter.com

I think the info is in the free stuff area

-Bill

In no way is this meant to be a solicitation or promotion for that website

It just happens to be where the information is

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  #112 (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: 919 given, 1,811 received

I was looking for other platforms that don't include charting.
I want basic buy/sell buttons (lightweight program).
tos' data works fine for me.

Psychology > Strategy ≥ Money
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  #113 (permalink)
Elite Member
New York City New York USA
 
Futures Experience: Intermediate
Platform: Think or Swim, Infinity Futures
Broker/Data: Thinkor Swim for Charts an Infinity Futures for Trading Dom
Favorite Futures: Oil
 
Posts: 49 since Jul 2012
Thanks: 448 given, 45 received


Massive,

I use TOS for charting and Infiitity to trade with. I tested the Infinity Dom in test sim mode for quite awhile before opening an account with Infinity before making the move and I am very happy. The fills are just the way you have them in the test DOM and I have never had any big problems using their DOM. It has frozen a few times but nothing compared to how much I have been on it. I wish TOS's DOM and fills would work the way the Infinity system works because it would be so much easier to be on one system and be able to trade off the charts and see the flags on the screen but the lag on TOS is just to great so I am staying with the current set up for the time being until TOS get's it's act together. I have written them many times and really pushed the point of the lag and fill vs other companies but they have not improved the situation yet so I will stay the way I have it currently till they can show me they have fixed the situation. Yes Infinity does have charting if you want to opt in to use it but I like you do not want it so I do not have it enabled and that is fine it just gives you the option. I just use there DOM and it is more robust with trading stratagies then the TOS one is. Watch the Infinity videos and test the DOM for free(and put it right up to the TOS DOM and watch the difference in the speed. I trade Crude oil and when things move fast the differnce on the TOS DOM can be off by 10 ticks) and without talking to anyone to sell you on it by just downloading there test DOM which is exactly like there live and live mode sim DOM. In addition Infinities commissions are much cheaper then TOS as I have found out but TOS will negociate based on your volume but it is easier to negociate when you have a history and a written price to show them.

Just some thoughts to help you with. If you do want to talk to someone at Infinity my contact is Andy Delap 800.634.7907 tell him Eric Gershon sent you. I do not get anything from recommending him but he is a good guy and has been very helpful and you might get my negociated commission rate.

Hguru

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  #114 (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: 919 given, 1,811 received

I don't have a problem with tos' data or lag. My prices that I want, I always get.
That's never been an issue for me.
I saw that CQG was $25 a month and .25 per contract. The main reason for a switch would
be the cheaper commissions. Right now I'm at $2.50 per contract with ToS. I spend roughly $150/month
on commissions. So what I'm looking for is a similar stand alone product that just has order entry/exit and I want it to be lightweight since tos is system intensive.

Psychology > Strategy ≥ Money
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  #115 (permalink)
Elite Member
Charlotte NC
 
Futures Experience: Advanced
Platform: Charts:Ninja Trader w/IB, execution:TOS
Broker/Data: TOS
Favorite Futures: CL, ES, ZN, ZB, RUT.
 
Posts: 227 since Jul 2009
Thanks: 98 given, 118 received

simple platform


Massive l View Post
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?

Try Ritmic trader with optimus Futures.

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The following 2 users say Thank You to meyer99 for this post:
 
  #116 (permalink)
Trading Apprentice
Tampa, FL
 
Futures Experience: Advanced
Platform: ToS, IB
Favorite Futures: YM
 
Posts: 1 since Feb 2013
Thanks: 0 given, 0 received

Consider Total Cost

I've been on ToS for 5+ years. I've tried other options like TS, IB, Multicharts, NinjaTrader, other data services. Side-by-side I can see lead/lag differences in quotes/charts/fills, but I usually use limit orders and haven't been unhappy with slippage.

I find ToS to be an easy, single vendor solution. I can trade futures, options, equities and currencies, and all from one account. If you have a lot of funds available, it may not be a big deal to divide them among several accounts, but I haven't reached that point. And I didn't find working with different vendors for platform, data, broker, etc. to be efficient.

The commissions are a little higher than other options, but there aren't any other fees. With other options I was paying upwards of $200/mo for data, platform, and other fees. That's almost 30 futures trades with ToS. I have a job and family, and sometimes stop trading for weeks or months. When I return, my account balance is right where it was.

Sometimes I envy those able to backtest and automate their strategies, or the charts/indicators they can create. But at least my present trading methods don't need those.

ToS won't work for all, maybe even most. If you make a living scalping the ES, speed and low commissions may be priorities over multiple vendors and monthly fees. But, do consider how you trade, how often, and the total of all the fees you pay to all vendors required.

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  #117 (permalink)
Elite Member
philadelphia USA
 
Futures Experience: Intermediate
Platform: TOS, Sierra Chart
Broker/Data: TD Ameritrade, Infinity Futures
Favorite Futures: options, Russell emini futures
 
Posts: 74 since May 2011
Thanks: 50 given, 50 received

TOS and futures trading

I started trading futures with TOS as I trade stocks/options through them and was happy with the fills. Commissions can be found lower on optionshouse.com.

I did find TOS futures dome to be lagging by as much as .05-.10 at times when comparing it to other platforms side-by-side. I found their commissions to be higher by $1 or more/contract round trip. i also found their fills to be bad and had a stop-loss .20 above my entry on a short which was taken out immediately while the price was moving down. After that experience I moved to Infinityfutures.com.
They have lower commissions, their fills were good and never experienced a stop-loss being filled without it being correct.

I use TOS charting along with Sierra Charts because trendlines cannot be drawn on TOS tick charts nor custom aubile alerts with studies. Both one can do with Sierra Charts.

I understand these can be done with Ninja Trader as well.

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  #118 (permalink)
Elite Member
Brooklyn, NY
 
Futures Experience: Intermediate
Platform: thinkorswim
Favorite Futures: CL
 
Posts: 11 since Feb 2013
Thanks: 6 given, 7 received


pbenson68 View Post
TOS through ameritrade is $3.50 a contract is that expensive?

ask them to bring it down and they will.

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  #119 (permalink)
Elite Member
Denver, CO
 
Futures Experience: Intermediate
Platform: Thinkorswim
Broker/Data: NinjaTrader/Kineticks
Favorite Futures: ES, NQ, CL, ZB, ZN, NG
 
Posts: 8 since Sep 2012
Thanks: 19 given, 15 received


Crude Man View Post
ask them to bring it down and they will.

What sort of trading volume is required to get a discount on futures commissions? I have traded 3-10 round trips per day for over a year, but never thought to ask. I pay $3.50 per contract...I know it is high, but like the convenience / familiarity of the platform.

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  #120 (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: 919 given, 1,811 received



trendfriendpa View Post
I use TOS charting along with Sierra Charts because trendlines cannot be drawn on TOS tick charts nor custom aubile alerts with studies. Both one can do with Sierra Charts.

? Here's a 133tick chart with a trendline and an audible alert using tos. It's the exact same with the time based charts.
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Psychology > Strategy ≥ Money
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