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

  #141 (permalink)
Elite Member
Hammonton NJ
 
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shzhning View Post
Bolded features are actually in the current release, not sure about others:
--A Tick Counter you can even change the place the counter on the chart
--A Way to Save the "Customized" Tick Size even though you use the same ones every session although you cannot save customized tick size, next time you open TOS it will automatically load the last configuration before you logged off. if you're comfortable with a specific tick size, just stick to it and it should not be an issue
--Why is all the Space Wasted on the Bar Above the Chart When It Could House a ToolBox? you can customize the margin on the top/bottom of the chart

It takes a while to explore all the potentials.

One thing I appreciate TOS is the platform takes care of rollover. No messy manual adjustment/mapping/changing symbol required

Fibs can be customized also.

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  #142 (permalink)
Elite Member
Portland, OR
 
Futures Experience: None
Platform: tos
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Massive l's Avatar
 
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Guys, I've been setting limit orders right on the bid or ask in ToS and get filled nearly every time.
I've shown with my journal and P/L that it's the trader..not the platform. ToS works just fine for
day trading and swing trading futures. For scalping a few ticks...nope and I wouldn't recommend that style
of trading anyways.

Some may say "oh it lags" or it does this or that wrong but I think you need to take a look at yourself first.
This is a psychological strategy based game.

Psychology > Strategy ≥ Money
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  #143 (permalink)
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Prospect, KY. USA
 
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Platform: Sierra Chart
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Enough is enough

Sure it's this or that

Then why am I in Halsey's trading room and we are all having the same problem?

Try this during a fast /CL market

Furthermore, why would you not have a separate platform when trading a hand your ass to you product?

#ICALLBS

-Bill_M

PS Go for it

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  #144 (permalink)
Elite Member
Portland, OR
 
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Massive l's Avatar
 
Posts: 1,458 since Mar 2011
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Been going for it for over 5 years now, Willee.
It's not the platform...that's all I'm saying.

If it is ToS, then maybe they are actually saving you money by missing trades.
Think about it. Unless you're the type of trader that can put away stacks
most months, then you are not missing much.

Psychology > Strategy ≥ Money

Last edited by Massive l; December 4th, 2014 at 01:25 AM.
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  #145 (permalink)
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WilleeMac View Post
I use Infinity for futs, ToS for charts, primarily because of two or three custom study's/ scripts I run

I don't trust ToS for something that will hand you your ass in a nanosecond

Try funding an account for 500 clams (or less/ minimum) and see if that will get you a live feed

-Bill

Bill,

I'm taking an Investools course in Futures which utilizes TOS (since both are under the TDA umbrella). I'll report back in a month or so with my experiences. As far as options and stocks go, I've been on ToS for ten+ years (prior to the TDA takeover) and I have absolutely no complaints. Only times my ass got handed to me was thru my own errors. I've got lots of confidence in the people and technology there and have all my accounts in TDA. Just today I got a personal callback from a development manager to solve a cosmetic issue on the Monitor tab where my positions display. Yes, occasionally I get a TDA rep on the Help line who is not ToS-literate, but that's to be expected. I just politely terminate the call and re-dial. So let's see how they do with Futures.

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  #146 (permalink)
Elite Member
Indianapolis, IN USA
 
Futures Experience: Advanced
Platform: Ninjatrader TOS Custom
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gdstuart View Post
Bill,

I'm taking an Investools course in Futures which utilizes TOS (since both are under the TDA umbrella). I'll report back in a month or so with my experiences. As far as options and stocks go, I've been on ToS for ten+ years (prior to the TDA takeover) and I have absolutely no complaints. Only times my ass got handed to me was thru my own errors. I've got lots of confidence in the people and technology there and have all my accounts in TDA. Just today I got a personal callback from a development manager to solve a cosmetic issue on the Monitor tab where my positions display. Yes, occasionally I get a TDA rep on the Help line who is not ToS-literate, but that's to be expected. I just politely terminate the call and re-dial. So let's see how they do with Futures.

I've traded with TOS for a long time too - from well before the TDA takeover. Their futures commissions are too high unless you are using futures to hedge against an equity position or swing trading. Their data feed is too slow, unless you are using futures to hedge against an equity position or swing trading. Their intra-day margin requirements are too high, unless you are using futures to hedge against an equity position or swing trading. Finally, the creators of the TOS platform are firmly of the opinion that futures should be used primarily to hedge against a currently held equity position or, and a very distant second on their list, swing trading. So.... if you're using futures to hedge and/or swing trade, TOS will serve you well. If you are day trading successfully, you can save money by shopping elsewhere. Good luck.

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  #147 (permalink)
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Most traders are losing money. Is the margin requirement really a bad thing?
They use the overnight margin that all brokers use, but enforce it during the day as well.
The data may not be the best but it's not that bad. I day trade on it with no problem.
The only real drawback are the commissions. But again, most traders shouldn't be trading
as frequently as they do. Psychology > any platform. I spent less than 4k on commissions this year.

Psychology > Strategy ≥ Money

Last edited by Massive l; December 4th, 2014 at 11:56 PM.
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  #148 (permalink)
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The Internet
 
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First of all, let me say that I am a BIG fan of TOS and TDA for swing trading.

That being said, using TOS for day trading futures is next to LUDICROUS! TOS has become MAJOR BLOATWARE, to the point that it's only usable if you have simplest and most minimal setup. FORGET IT if you have custom or complex indicators, or use more than 2-4 charts. The lag on TOS makes it impossible to trade safely.

I've reached my absolute limit of frustration with the forced beta-testing that requires you to install their sub-par programming without adequate pre-testing - OR your permission. They've had so many complaints about this, that they've hidden the update installations. You'll log into your platform one day and find major surprises that prevent you from trading that day .... or longer. Not the least of these is the memory hog TOS has become. And they don't fix the problems in a timely manner - IF EVER.

I'm forced to find another broker for a day trading and execution platform now, and I'm upset about it quite honestly. If I could use AMIBROKER for day trading, I'd do it in a heartbeat. It's an incredibly efficient platform with superior programming. But they don't have a DOM. That's a BIG downside!

On the other hand, TDA is a very good broker and I'm staying with them for swing trading futures and stocks. But I wouldn't dare risk another dime with them trying to day trade with TOS.


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  #149 (permalink)
Market Wizard
Houston TX
 
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Anybody use the platform for futures spreads trading? I'm looking for a platform for taking multi-day/week positions with entries and exits with limit orders, so not overly concerned about slight delays.

I currently use interactive brokers which has it's pro's and con's. Their futures spread trading though is rather un-intuitive and their charting is awful. The charts show the spread between the two outright instruments and not the exchange traded spread. Hence they are completely un-representative of what is actually trading.

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  #150 (permalink)
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Zephyr View Post
First of all, let me say that I am a BIG fan of TOS and TDA for swing trading.

That being said, using TOS for day trading futures is next to LUDICROUS! TOS has become MAJOR BLOATWARE, to the point that it's only usable if you have simplest and most minimal setup. FORGET IT if you have custom or complex indicators, or use more than 2-4 charts. The lag on TOS makes it impossible to trade safely.

I've reached my absolute limit of frustration with the forced beta-testing that requires you to install their sub-par programming without adequate pre-testing - OR your permission. They've had so many complaints about this, that they've hidden the update installations. You'll log into your platform one day and find major surprises that prevent you from trading that day .... or longer. Not the least of these is the memory hog TOS has become. And they don't fix the problems in a timely manner - IF EVER.

I'm forced to find another broker for a day trading and execution platform now, and I'm upset about it quite honestly. If I could use AMIBROKER for day trading, I'd do it in a heartbeat. It's an incredibly efficient platform with superior programming. But they don't have a DOM. That's a BIG downside!

On the other hand, TDA is a very good broker and I'm staying with them for swing trading futures and stocks. But I wouldn't dare risk another dime with them trying to day trade with TOS.


What are your computer specs? Processor, memory, SSD?

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