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Considering Tradovate.


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Considering Tradovate.

  #1 (permalink)
 Futuresnoob 
San Antonio Texas
 
Experience: Intermediate
Platform: Sierra Charts, TOS
Broker: Edge Clear, Rithmic
Trading: ES and Treasury Spreads
Posts: 102 since Nov 2016
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Wondered if anyone with Tradovate use could share their thoughts on the good, the bad, and the ugly. Thanks in advance.

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Started this thread

Can you help answer these questions
from other members on NexusFi?
REcommedations for programming help
Sierra Chart
Cheap historycal L1 data for stocks
Stocks and ETFs
MC PL editor upgrade
MultiCharts
Pivot Indicator like the old SwingTemp by Big Mike
NinjaTrader
ZombieSqueeze
Platforms and Indicators
 
  #2 (permalink)
delta trader
Detroit Michigan
 
Posts: 2 since Jan 2019
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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.

  #3 (permalink)
 
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 Rrrracer 
On the road
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Trading Nomad
 
Experience: Intermediate
Platform: TradingView
Broker: Oanda
Trading: FX
Posts: 2,512 since Feb 2017
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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."


---


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.

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  #4 (permalink)
 Futuresnoob 
San Antonio Texas
 
Experience: Intermediate
Platform: Sierra Charts, TOS
Broker: Edge Clear, Rithmic
Trading: ES and Treasury Spreads
Posts: 102 since Nov 2016
Thanks Given: 50
Thanks Received: 55

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).

Started this thread
  #5 (permalink)
 sheldonxp 
Gaborone, Botswana
 
Posts: 13 since Jul 2020
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delta trader View Post
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.

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.

  #6 (permalink)
 mojord 
Kansas City, MO
 
Experience: Intermediate
Platform: Tradovate
Trading: ES
Posts: 240 since Jan 2014
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Thanks Received: 327

Anyone have any updated thoughts on tradovate?

  #7 (permalink)
 
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 matthew28 
United Kingdom
Elite_Member
 
Experience: Beginner
Platform: Bookmap
Broker: Stage 5, Rithmic
Trading: US Equity Index Futures
Posts: 1,250 since Sep 2013
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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
  #8 (permalink)
sridawg
Nashville, TN
 
Posts: 3 since Jul 2020
Thanks Given: 4
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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.

  #9 (permalink)
 
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 bobwest 
Western Florida
Site Moderator
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
Frequency: Several times daily
Duration: Minutes
Posts: 8,172 since Jan 2013
Thanks Given: 57,515
Thanks Received: 26,292

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:



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
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Last Updated on July 29, 2020


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