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Is TradeStation for me?


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Is TradeStation for me?

  #1 (permalink)
 58LesPaul 
Owensboro, KY
 
Platform: TradingView
Trading: ES/NQ
Posts: 198 since Sep 2015
Thanks Given: 196
Thanks Received: 101

I am still paper trading on ThinkorSwim but when I go live I will switch because I've heard ToS isn't futures friendly. All I use is price, volume and Weis Wave. How much does it cost to trade futures(MES) on TS? Is TS also a broker and data provider besides the charting platform? I'm looking at MultiCharts and Sierra Charts even though they don't have the Weis Wave I can probably get a programmer to create one for me.

Thanks

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  #2 (permalink)
 
forgiven's Avatar
 forgiven 
Fletcher NC
Legendary Market Wizard
 
Experience: Intermediate
Platform: nijia trader
Broker: A.M.P. I.Q. ....C.Q.G.
Trading: ym es
Frequency: Every few days
Duration: Days
Posts: 860 since Mar 2012
Thanks Given: 286
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ffejeldnit View Post
I am still paper trading on ThinkorSwim but when I go live I will switch because I've heard ToS isn't futures friendly. All I use is price, volume and Weis Wave. How much does it cost to trade futures(MES) on TS? Is TS also a broker and data provider besides the charting platform? I'm looking at MultiCharts and Sierra Charts even though they don't have the Weis Wave I can probably get a programmer to create one for me.

Thanks

NO. their data and software are good but they suck as brokers . you re correct about TOS as well. Sierra Chats are the best you referenced. X Trader , Ninja Trader , Motive Wave , and Investor RT are also used widely by traders on this forum.

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  #3 (permalink)
 
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 SMCJB 
Houston TX
Legendary Market Wizard
 
Experience: Advanced
Platform: TT and Stellar
Broker: Advantage Futures
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,033 since Dec 2013
Thanks Given: 4,359
Thanks Received: 10,171


If you want to automate your trading, Tradestation is a good platform. Not perfect but the automation is easy.

If your not automating I'm not sure why you would want to use Tradestation. Generally rates are more expensive than other brokers out there, and the inability to trade exchange listed spreads is very limiting and expensive when it comes to rolling positions.

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Last Updated on September 30, 2020


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