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I've always wanted a Jigsaw DOM because that's what the Fat Cat uses and if it's good enough for him.... Black Friday sale has the Daytradr platform at $100 off
and I'm tempted because.... Fat Cat!
Here's the thing, though. I'm currently using Quantower which I really like and which is free if you open an account with AMP. I really like AMP, too. I have my DOM set up to not only look like Jigsaw's one and I'm pretty sure it does the same shit as Jigsaw's one, too. See my QT DOM attached.
So, my question is: Am I missing something about Jigsaw's DOM which makes it worth $500 more than Quantower's offering? Does it give me a foot massage? When it's raining gold dust does it swap my sieve for a bucket?
I accept that the Jigsaw price tag does include their educational content but then Fat Cat, John Grady and others give a lot of really good stuff for free. Plus, I can trade my AMP account directly from my Quantower platform and I understand that Jigsaw charge extra for this privilege.
Jokes aside, I'm very curious to hear from any Jigsaw DOM users if I'm missing something and the platform is really superior to what I'm currently using.
Can you help answer these questions from other members on NexusFi?
I have used both DOMs and I would agree that there is nothing significant that tips things in the direction of Jigsaw vs Quantower, in terms of functionality and performance. The pulling and stacking on the limit book is presented more cleanly on Jigsaw, in my opinion. In terms of core functionality of the DOM, Quantower represents better value for money. Beyond that, there are some differences when it comes to secondary tools. For example, QT's DOM Surface has always been a bit of a mess for me, irrespective of the market and the data feed. Jigsaw's Vista is a more polished version of the same thing. I prefer QT's Time & Sales window, due to the ability to define what they term Setup Actions. I also find QT's footprint and volume profile charts better than Jigsaw's.
Aside from the cost of the software itself there is also the consideration of ongoing costs. If you want to trade directly off the DOM you have to pay an additional fee to Jigsaw. As per their web site: "To use daytradr for Live Trading, a subscription is required. $500 Annually OR $50 Monthly." With QT you can trade directly on the DOM without an additional fee, if you have purchased a lifetime license.
I have found technical support from both companies to be quite patchy, to put it mildly.
Thanks for the input, Cordoba. I agree that QT's pulling and stacking visual is unhelpful. I find that I'm able to monitor the 'pulling' of orders reasonably well because all I'm really looking for on the Bid and Ask is unusually big orders. Once they appear I'm watching to see whether they cause a big move or absorption. I mainly use basic price action to make decisions and footprints as an added confirmation so my use of the DOM is really quite limited.
Incidentally, I've found QT's support to be very good. I think this is especially the case because I use the AMP free version.
