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Is the best way to place a buy limit order by using DOM
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Is the best way to place a buy limit order by using DOM

  #11 (permalink)
Trading for Fun
Boise, Idaho
 
Futures Experience: Intermediate
Platform: Ninja Trader
Broker/Data: AMP/CQG
Favorite Futures: es
 
Posts: 71 since Feb 2013
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aventeren View Post
Funny; I, too, have moved from TOS to NinjaTrader. There is so much more support and robustness on NT relative to TOS (ie, futures.io (formerly BMT) traders using NT, futures.io (formerly BMT) traders building indicators for NT, futures.io (formerly BMT) users discussing NT functionality, etc), that I have been very pleased with the move. Plus, using NT you get better roundtrip future turns.

That is funny. I think it is a natural progression to the next level. I feel inspired now that I am on NT mainly for the reasons you mentioned. I am watching a NT video on Youtube as we speak. Another reason I am inspired by using NT is my mentor-of-sorts, the video maker Mack at patactiontradingsystems.com uses NT. So it's inspiring to use the same platform that he uses.

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  #12 (permalink)
Elite Member
Dallas, Texas
 
Futures Experience: Intermediate
Platform: TOS
Favorite Futures: AAPL, /ES, IWM, SPY Options
 
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aventeren View Post
Howdy; just so that you are aware, paper trading delays the Active Trader prices by some amount of time, while the chart data is real time. Therefore, paper trading with the Active Trader in TOS is kinda weird, as you can practice placing your order (including brackets if you wants), but I would NOT recommend simply clicking the "Join the Ask" of "Buy the Bid" etc buttons, because these buttons grab their price info from the Active Trader (delayed) prices rather than the real time chart prices. However, the preceding presupposes that you prefer to place your trade based on the chart (live) prices as opposed to the Active Trader (delayed) prices.

I've found that I have to quick check what the chart price is, then I enter the trade (I use a bracket) within Active Trader by simply clicking in the "Bid Size" (if you're going long) or the "Ask Size" (if you're going short) on the price that you want the trade to show up on the chart (real time pricing).

This can be a pain in the butt, because in order to "lock" the Active Trader from jumping around the delayed price, you have to hover over the Bid Size or Ask Size column to temporarily halt the Active Trader prices from jumping around on you. Again, this is a pain in the butt because the Active Trader is jumping around on delayed prices rather than the real time prices that you are likely going to be trying to practice on.

You can then manage your trades from either the chart or Active Trader, as your bracket orders (if you use them) will be executed in real time using the chart price data and not the Active Trader delayed data.

I just recently came up this learning curve, and hopefully the above will help the new TOSwimmers get more bang for their buck during paper trading.

Let me know if you have any questions...I can't say I'll have an answer, but if I don't know the answer to your question, maybe it will force me to continue learning about how to better use the damn platform.

Good luck!

I would call customer service and they change my paper account from delayed to real time.

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  #13 (permalink)
Elite Member
SLC, UT
 
Futures Experience: Intermediate
Platform: Sierra
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TOS & Ninja



aventeren View Post
Funny; I, too, have moved from TOS to NinjaTrader. There is so much more support and robustness on NT relative to TOS (ie, futures.io (formerly BMT) traders using NT, futures.io (formerly BMT) traders building indicators for NT, futures.io (formerly BMT) users discussing NT functionality, etc), that I have been very pleased with the move. Plus, using NT you get better roundtrip future turns.

@aventeren I have been on ToS for years and am looking for a platform that that is a little more robust and can do a little more. Who are you using for data behind Ninja? Who is your broker? Does it cost monthly or how much are you paying for live data?

Thanks

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  #14 (permalink)
Patient Discipline
Bellingham, WA USA
 
Futures Experience: Beginner
Platform: NT
Broker/Data: Mirus (Broker), Continuum (Data), Dorman (Clearing)
Favorite Futures: Futures
 
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gsl8r View Post
@aventeren I have been on ToS for years and am looking for a platform that that is a little more robust and can do a little more. Who are you using for data behind Ninja? Who is your broker? Does it cost monthly or how much are you paying for live data?

Thanks

It is certainly more robust. In my opinion one of the greatest benefits to moving to NT is the sim environment. As you know, sim versus live trading is incredibly different--and in the case of ToS even more so. What I found with the ToS paper trading world, when you entered an order, the ToS paper sim returns an almost immediate execution regardless of the number of contracts ahead of you. This is incredibly unrealistic, and I have found that the NT sim is much better at simulating real world order fills. I think of it like a bank line. Let's say that there are 50 people ahead of you when you walk in a bank. In the real world, you just have to wait your turn (unless you're a good customer, and then someone might step around to help you...but that's a different story). That's the reality of the world: wait your turn. In the ToS paper trading world, though, as soon as you enter the door at the bank, you immediately are put to the front of the line--maybe not even to the front of the line...actually you push the customer who was being helped out of the way. With NT's sim world, it simulates the process of waiting to have your order filled, although I am not exactly sure how this is done. Therefore, the NT sim is more like having to wait for 50 bank customers before you get to the banker. So I like this piece of it.

The other thing I like about NT is the programming community and people that use NT to trade. Granted I think the majority of this programming is for intraday stuff (and especially automated trading), so if you are a swing or longer trader, ToS may in fact be just fine for you. Oh, and the Market Replay functionality is amazing. It's just like the live world. Excellent.

I'm currently with Mirus for brokerage and data, and I've been pleased thus far. Interactive is also good. I will likely end up purchasing the Lifetime NT License, although I have not done that yet.

Another path may be Infinity AT. They have a free charting package that is built using Sierra Charts that was pretty good (free = at least 15 turns per month). So you may want to check them out, too.

Hope that helps.

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