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What is the perfect set up?... your views are most welcome
100k GBP on deposit with a requirment to do the following:
System Development (Auto Trading)
Click Trading
Rapid connection speed
Detailed Charting and TA
Reliable!
Fast Fills
One Single Portfolio Account
So many choices:
Ninja/Zenfire/Mirus (We actaully run this at the moment)
Ninja/IB
Ninja/Velocity/X-Trader MultiCharts/IB
MultiCharts/Zenfire
TS
We have a bunch of servers in colo due for renewal at the CME and its choice time...
Thoughts please.
Adam
Can you help answer these questions from other members on NexusFi?
The best Setup is your trading mind and an simple and profitable trading idea. why autotrading, what is your advantage about that?
Sorry for this stupid quote, but infact, it doesn't matter if you have 10K or 100K. If your trading idea and your mind works well, you will be able to trade constaniously ;-)
We spend in my office a lot of time to create simple trading ideas, more than, which broker and connection and so. It has to work, nothing more. ;-)
We trade with mirus/zenfire/ nt7 and Xtrader / MB Trading
My question was not around the ability to make money, we are capable of that.
It was a technical question in the sense of which setup offers the most stable, custom platform.
I was hoping to spark a little debate on the matter before we commit to a server spend.
Platform: NinjaTrader (It's a love/hate relationship)
Trading: CL, TF, 6E
Posts: 169 since May 2010
Thanks Given: 60
Thanks Received: 314
ESignal charting with X_Trader for execution. It's expensive, but you get what you pay for. Any honest broker will do unless you are scalping, then look for the lowest commissions.
Listen, these are the words of a very successful and wealthy master trader given to me; as I requested a similar idea from him several months ago:
Ted,
only you can can move up the bell curve, when you are ready. i or anyone else cannot get you there
this game is not rocket science and the grail is between your ears.
it is all probability and math. you already know that.
there is no silver bullet.
we all put our pants on on one leg at a time .
some of us have a sixth sense about trading and know we were meant to do this from day one. not everyone who trades will have it.
the 98% is fresh meat and required to feed the rest of us.
you need ice in your viens and next to no heartbeat to get to a master level.
it will take you 5 to 10 years to achieve it and there are no shortcuts
you have to be way past money as the end result and trade "because it is what you do"......
a quote from tom baldwin ....... the largest and the best t bond futures floor trader, ever in that pit.
he was asked how he got into this business. the answer was, " i went down to the floor and traded......." he knew it was what he was supposed to do.
have said that..........
you have to be fully at peace with the market and what it will do after you are on board. your risk % is next to nothing in the long run. you have at least a 2:1 risk reward for your efforts. your technique is aligned with the grail between your ears. you are looking to bat a single and get on first base. if a home run is in the cards, you have to be able to sit on your hands and let it happen.
this is how you get there and it is nothing that anyone including me, can help you do. you know how to trade, the rest is also up to you....
rocket fuel is not required.
the math in this game, if your technique is in harmony with the market , gets you up the curve faster than hi octane ever will.
there is nothing that you will learn from me over coffeeor infront of a screen for that matter.
it is sitting on your shoulders and will get you there once you fully know yourself.
