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

  #161 (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
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I'm running tos on a lenovo yoga 3 with a 1.3 gHz processor and 8 gb of RAM and it's working just fine.
I have 9 charts up each with extremely complicated programming for one indie and a basic indie as well.
Settings are at the max RAM and 2gb for the min.

Psychology > Strategy ≥ Money
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  #162 (permalink)
Market Wizard
Houston TX
 
Futures Experience: Advanced
Platform: XTrader
Broker/Data: Advantage Futures
Favorite Futures: Energy
 
Posts: 1,764 since Dec 2013
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SMCJB View Post
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.

Lots of input regarding futures but what about Futures Spreads?

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  #163 (permalink)
Elite Member
Prospect, KY. USA
 
Futures Experience: None
Platform: Sierra Chart
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Favorite Futures: /CL
 
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If you use Volume Profile, Time Profile or Market Profile (Monkey Bars)

NO you do not want to use ToS

At 0100amET everything reset

Check time and date stamp of this post

-Bill

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  #164 (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, 1,808 received


WilleeMac View Post
If you use Volume Profile, Time Profile or Market Profile (Monkey Bars)

NO you do not want to use ToS

At 0100amET everything reset

Check time and date stamp of this post

-Bill

can you explain further? My volume profile is working fine and has not stopped.
Maybe you had a hiccup in your internet connection?

Psychology > Strategy ≥ Money
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  #165 (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, 1,808 received

Futures Edge on FIO

What value do you place on the webinars on FIO?

 
Bill - why are you still using tos if you're having all of these issues?

Psychology > Strategy ≥ Money
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  #166 (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, 1,808 received


Massive l View Post
I'm running tos on a lenovo yoga 3 with a 1.3 gHz processor and 8 gb of RAM and it's working just fine.
I have 9 charts up each with extremely complicated programming for one indie and a basic indie as well.
Settings are at the max RAM and 2gb for the min.

I took back my yoga 3. 1ghz is the minimum requirment for tos but at 1.3ghz it was still a little too slow. I'm used to 3ghz on my Asus laptop.

Psychology > Strategy ≥ Money
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  #167 (permalink)
Elite Member
Prospect, KY. USA
 
Futures Experience: None
Platform: Sierra Chart
Broker/Data: Infinity
Favorite Futures: /CL
 
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Posts: 679 since Jan 2012
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@Massive l

I'm only trying to help people avoid the pain I've experienced, hopefully so they don't get overly involved/ committed/ past a point of no return so to say - there are several better platforms for trading futures (futures are John Wayne & Clint Eastwood, stocks and options not so much.)

The studies I use are:

VSA_Lite (custom via swimtrader)
RSI Mechanical Trading System by Eric (custom per me)
Time marks at hour, half hour, fifteen and forty-five minute marks (TS_VolumeChannel)
Price_LineStudy (I posted the code here in ToS downloads/ indicators)

All of the above (plus a trading forum I started) can be found a thinkscripter dot com.

Eventually I'm going to switch to Sierra Charts once I can get the above studies coded for Sierra.

There's a bunch of features within Sierra (nothing custom, standard stuff, ie Open Market Depth Window, bid/ ask Delta bars) that are very useful for scalping /CL.

Some of the biggest hurdles for ToS is that they do not have true tick, bid/ ask data, the memory leaks, updates with very little (if at all) documentation etc.

Also for the Forex folks ToS is/ has a dealing desk (or at least it was when I traded the cash market.)

Yes I understand ToS is an options platform but I've been using the damn thing for so long now (along with the aforementioned custom scripts) that right now I don't have time to tackle a new learning curve, chart package etc - but I'm slowly leaning into Sierra.

I use Infinity for my trading DOM/ broker etc

Sorry my thought process/ writing is a little disjointed etc.

-Bill_M

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  #168 (permalink)
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Portland, OR
 
Futures Experience: None
Platform: tos
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Massive l's Avatar
 
Posts: 1,458 since Mar 2011
Thanks: 919 given, 1,808 received

I feel for you. It sucks you're having these issues! I love this platform and I've demoed about every one out there.
For the price (free) it's a great deal and performs pretty damn smooth for me.
I have a custom indi, and 2 volatility based bands up on 9 different charts at one time.
Of course, with programming and chart reading, it would be nice to have the bid/ask with tick data but it's not crucial to my success.

Basically you just need a different platform and I think you'll be much happier. There's not a platform that's made for everyone.
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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  #169 (permalink)
Elite Member
BOSTON, MA
 
Futures Experience: Advanced
Platform: Tradestation, TOS
Favorite Futures: commodities, TF
 
mfbreakout's Avatar
 
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Massive l View Post
I feel for you. It sucks you're having these issues! I love this platform and I've demoed about every one out there.
For the price (free) it's a great deal and performs pretty damn smooth for me.
I have a custom indi, and 2 volatility based bands up on 9 different charts at one time.
Of course, with programming and chart reading, it would be nice to have the bid/ask with tick data but it's not crucial to my success.

Basically you just need a different platform and I think you'll be much happier. There's not a platform that's made for everyone.
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

My experience is same as Massive 1. I only trade futures, CL, GC, NG, KC, CC etc and never had problem with TOS in 5 years., I do not look at DOM, bid-ask etc. to trade. I actually called TOS help desk and asked them to freeze my DOM. They were confused by my request as they apparently spent lot of money to get bid- ask, times and sales , level 11 etc. So everything on my TOS platform as far as jumping monkeys are concerened are frozen ( deactivated).

I understand some traders who need tick data etc. TOS may not be the platform. But i have traded 20,000 contracts over the years so far, TOS is the only one i use. I have never used any other platform so can not comapre TOS VS other platforms. Use Trade station from time to time but 98% of trading is on TOS.

Note: I have couple of standard indicators on the charts as an eye candy.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.

Last edited by mfbreakout; January 5th, 2015 at 05:51 PM.
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  #170 (permalink)
Elite Member
Prospect, KY. USA
 
Futures Experience: None
Platform: Sierra Chart
Broker/Data: Infinity
Favorite Futures: /CL
 
WilleeMac's Avatar
 
Posts: 679 since Jan 2012
Thanks: 301 given, 599 received


@mfbreakout, everybody

Only an FYI - if you want to make your ToS DOM static go to the main screen, upper right corner, setup, general, active trader, Autocenter AT, adjust the seconds (secs) to I don't know 20,000 (obviously 3600 per hour.)

-Bill

PS thanks for all the replies for, 2015 I'll do my best to not be as much a bitch

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