Anybody using ToS for charts/Another platform for trade entry? - ThinkOrSwim | futures io social day trading
futures io futures trading


Anybody using ToS for charts/Another platform for trade entry?
Updated: Views / Replies:3,750 / 10
Created: by JTurner77 Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Anybody using ToS for charts/Another platform for trade entry?

  #1 (permalink)
Trading for Fun
Los Angeles, CA
 
Futures Experience: Beginner
Platform: ThinkorSwim
Favorite Futures: Softs
 
Posts: 68 since Dec 2011
Thanks: 55 given, 31 received

Anybody using ToS for charts/Another platform for trade entry?

Hello:

I currently have an account with ToS and am opening an account with another broker/clearing firm. Primary reason is due to commissions.

With that said, I have to choose another platform/data feed with the new broker and was kicking around the idea of just using one of the provided platforms that does not have a monthly fee for orders. However, none of these platforms have charts.

So, I was thinking about simply using my inactive ToS account for charting instead of signing up for a platform/charting/data package combination with the new broker.

I am not a day trader in the strict definition, though I am not opposed to getting in and out of trades quickly. Was wondering if any of you might be able to offer some pros and cons to such an arrangement/set up.

Thanks!

Reply With Quote
 
  #2 (permalink)
Market Wizard
Sarasota FL
 
Futures Experience: Intermediate
Platform: NinjaTrader, Sierra Chart
Favorite Futures: ES
 
Posts: 3,635 since Jan 2013
Thanks: 26,754 given, 11,113 received
Forum Reputation: Legendary


JTurner77 View Post
Hello:

I currently have an account with ToS and am opening an account with another broker/clearing firm. Primary reason is due to commissions.

With that said, I have to choose another platform/data feed with the new broker and was kicking around the idea of just using one of the provided platforms that does not have a monthly fee for orders. However, none of these platforms have charts.

So, I was thinking about simply using my inactive ToS account for charting instead of signing up for a platform/charting/data package combination with the new broker.

I am not a day trader in the strict definition, though I am not opposed to getting in and out of trades quickly. Was wondering if any of you might be able to offer some pros and cons to such an arrangement/set up.

Thanks!

I don't know if this is exactly comparable, but I an using NinjaTrader as my charting and decision-making platform, and putting in trades in the CTS T4 platform (using their DOM), for a TsT Combine.

I find it very easy to manage; really there's been no problem at all. Ninja is a very good charting platform, and T4 is not so much, but it's just a matter of which one I click on for a trade.

I have TOS as well, and some experience with it. I would not expect any problem with a similar setup, using TOS for charting and someone else's execution platform. While it is more convenient having everything together, it's not that big a deal, at least for me.

The one simple thing that I miss is that in Ninja (as in TOS), my entry price and resting stops will be automatically marked on the chart, which you won't get if you use another order entry system. Also in Ninja (and I think I remember in TOS), there is a feature to automatically generate a stop and, if you wish, a target order when you initiate the trade. If you are using another trade platform, you will have to do that manually. (I enter separately on the other platform, then mark my charts with my entry and stop points, to give me a reference point.) That's not as convenient, but also not major, at least for me (I have noticed others who did not feel the same, however.)

My bottom line is that having separate charting and order entry systems is not as convenient as having one integrated system, but there is really no hardship to it.

Hope this helps you figure out what will work for you.

Bob.

Reply With Quote
The following user says Thank You to bobwest for this post:
 
  #3 (permalink)
Trading for Fun
Los Angeles, CA
 
Futures Experience: Beginner
Platform: ThinkorSwim
Favorite Futures: Softs
 
Posts: 68 since Dec 2011
Thanks: 55 given, 31 received


Bob,

Thanks for taking a moment to share your experience. Great point about the stops and what not being automatically entered on the chart. Something for me to consider.

I am assuming that you are not a scalper/day trader type, correct? Or at least not in the sense that you are entering and exiting trades quickly.

Reply With Quote
The following user says Thank You to JTurner77 for this post:
 
  #4 (permalink)
Market Wizard
Sarasota FL
 
Futures Experience: Intermediate
Platform: NinjaTrader, Sierra Chart
Favorite Futures: ES
 
Posts: 3,635 since Jan 2013
Thanks: 26,754 given, 11,113 received
Forum Reputation: Legendary


JTurner77 View Post
Bob,

Thanks for taking a moment to share your experience. Great point about the stops and what not being automatically entered on the chart. Something for me to consider.

I am assuming that you are not a scalper/day trader type, correct? Or at least not in the sense that you are entering and exiting trades quickly.

No, actually I usually do about 4 or 5 trades a day. Not a scalper, but certainly a day trader.

I don't see using two platforms as having much to do with speed or frequency of trading. It's still just 1 click to be in a trade, one click to be out. Marking up the chart may take another 30 seconds or so....

Bob.

Edit: And, of course, my entry platform has a grid showing my orders and positions, so it's not like I'm not able to easily keep track of what's going on. Marking the chart is more about convenience and easy visual cues.


Last edited by bobwest; June 30th, 2014 at 09:42 AM.
Reply With Quote
 
  #5 (permalink)
Elite Member
LA, CA USA
 
Futures Experience: Intermediate
Platform: ToS, SC, Jigsaw
Favorite Futures: Index and Energy Futures, Forex, Options
 
Posts: 49 since May 2014
Thanks: 18 given, 14 received

I use ToS for charting and Interactive Brokers for execution, largely for the commissions. but just recently i started moving my account to S5.

Reply With Quote
 
  #6 (permalink)
Trading Apprentice
Vail, CO USA
 
Futures Experience: Intermediate
Platform: ThinkorSwim
Favorite Futures: options
 
Martzee's Avatar
 
Posts: 12 since Jan 2015
Thanks: 6 given, 8 received

TOS and IB

I also use TOS for charting and IB (Interactive Brokers) account for trading. I actually use both accounts and trade on TOS and IB.

What I do is that in my paper money version of the account I usually take the same trade at the same time as in my IB account where I watch the entire trade and if needed I can simulate all adjustments before taking it in IB. Works well for me so far.

Reply With Quote
The following user says Thank You to Martzee for this post:
 
  #7 (permalink)
Elite Member
desert CA
 
Futures Experience: Intermediate
Platform: NT7, TOS
Broker/Data: AMP/wCQG, TDA
Favorite Futures: CL,YM
 
Posts: 2,027 since Jul 2011
Thanks: 2,211 given, 1,551 received

Good idea, where TOS doesn't have a monthly fee so far. I'd been using TOS' extensive paper trading features also for practice and what-if's. They've made it better over the years.


Last edited by Cloudy; January 2nd, 2015 at 05:47 AM.
Reply With Quote
 
  #8 (permalink)
Trading Apprentice
Kansas City, MO USA
 
Futures Experience: Intermediate
Platform: TOS, Laser,IB
Favorite Futures: Stocks
 
Posts: 8 since Jul 2014
Thanks: 0 given, 5 received

IB and TOS

MUST have TOS for charts. Trade in my IB IRA and use Laser direct access with a group. No problems executing orders cause I use 15m charts for entry, so speed no matter. If you do 50 trades/ use 1m charts, its nice to have everything on the same platform.

Reply With Quote
 
  #9 (permalink)
Trading Apprentice
Vancouver USA
 
Futures Experience: Intermediate
Platform: Photontrader
Favorite Futures: ZB, 6A
 
Posts: 2 since Sep 2012
Thanks: 0 given, 0 received

Using TOS for charting and PhotonTrader for execution. Futures daytrader.

Reply With Quote
 
  #10 (permalink)
Elite Member
Las Vegas NV USA
 
Futures Experience: Beginner
Platform: TWS, TOS, Multicharts
Broker/Data: IB
Favorite Futures: Stocks, ETFS,Options
 
Lysakat's Avatar
 
Posts: 20 since Jul 2014
Thanks: 11 given, 6 received


I'm a swing trader - 3 to 8 trades/day, 90% trades in options. I use TOS for data & charts, TWS for execution, and Multicharts.net through TWS. I pay for options data through Interactive brokers - it's cheap ($30/month) and I can just click on the option I want to order. I'm currently debating with if I actually need Multicharts; I do like using them., they have extensive backtesting capabilities.

Reply With Quote

Reply



futures io > > > > Anybody using ToS for charts/Another platform for trade entry?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
convert indicators from Tradestation,MultiChart to TOS platform justtradeit84 ThinkOrSwim 2 November 21st, 2013 02:28 AM
Two TOS platform questions rg12 ThinkOrSwim 0 June 9th, 2013 12:15 PM
Code TOS Vervoort Crossover for Sierra platform trendfriendpa Sierra Chart 6 April 11th, 2013 11:07 AM
Platform that auto-cancels entry orders? ScorpioTravis Platforms and Indicators 4 April 8th, 2012 11:15 AM
ThinkOrSwim (TOS) Trading Platform Big Mike ThinkOrSwim 30 July 24th, 2011 09:43 AM


All times are GMT -4. The time now is 05:48 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-14 in 0.14 seconds with 19 queries on phoenix via your IP 54.160.245.121