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haven't tried tradovate yet, but have been using inteligex. you have the option to automate or trade manually; they use AI and algo's. have been using it for about 3 months now with decent results.
Rrrracer
On the road
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@Futuresnoob, I have not tried it, but have had a private conversation with someone who has. This is what they had to say when I asked how they liked it (approximately a year ago):
"Bottom line: I still use Tradovate and I am very happy with the pricing, platform and customer service.
I still think the platform is not yet "full-featured" so I do use Sierra Chart as well. Tradovate is adding functionality regularly. You should check what they have against your needs and see if you need an additional charting platform.
Also, if you code, you can write your own indicators in Tradovate. (I think they use Java.)
Since I joined, the cost of the Membership Plans has gone up. (Although they told me that if I like my plan I can keep my plan...) You should do a breakeven and determine if membership cost plus 9 cents/side "clearing" is attractive given the number of contracts you expect to trade. I suspect that if you trade any strategy where commission costs are important (i.e. intraday-type holding periods) then Tradovate will be very attractive relative to the competition."
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I did the math and if you trade a lot, it is a good deal; I forget how many trades you had to make to beat the standard pricing of a brokerage like AMP, but it was more than I do as an intraday trader (call it 1-5 trades a day for me.) Hope this helps.
I may not trade enough to make it cost effective. I like the Mobile version to monitor trades. And the daily max loss shut down feature(which every platform should have).
Sorry to revive an old thread, but was wondering how you have continued to find Inteligex? Yours is the only post I can find that mentions them, but it really looks interesting.
Anyone currently trading futures with Tradovate "no commissions" broker? You do pay a quarterly or annual membership fee in advance, but the more trades one does, the trading costs drop rapidly. Looks very attractive to me, especially if one does …
You do not win as a trader, you just get to play again the next day. If that game doesn’t appeal to you then you should not trade. Gary Norden
sridawg
Nashville, TN
Posts: 3 since Jul 2020
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I've been using Tradovate for about a month and haven't had any issues with them. Simple to use and it's one of the cleanest looking platforms I've encountered. Also, i do a lot of scalping, so their zero commission plan is a pretty good deal imo.
Another thing i really like, is if you check their website there's a forum where their team is actively interacting with their users to see what they should implement into the platform. Just thought that was neat to see them working on making it better all the time.
Hope this helps the decision.
bobwest
Western Florida
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This thread should have been closed as a duplicate when it was started, but it slipped past us.
Please use the existing, and extensive, Tradovate thread, beginning here:
Anyone currently trading futures with Tradovate "no commissions" broker? You do pay a quarterly or annual membership fee in advance, but the more trades one does, the trading costs drop rapidly. Looks very attractive to me, especially if one does …
The current thread is now closed.
Thanks. And thanks to @matthew28 for pointing this out.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
