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Anybody heard of topsteptrader (review)
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Anybody heard of topsteptrader (review)

  #121 (permalink)
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josh View Post
Granted, T4 is not a good charting program. And the DOM has its issues, but they all do. I'm surprised at how many are stuck in the Ninja DOM mentality. I prefer the Ninja DOM and find it the easiest to use and have been using it for years now, but a single day spent on a simulation account practicing with the T4 DOM should help one figure out the ins and outs. I particularly like the AutoOCO that CTS has. In my review of several programs and DOMs (I tried TT, T4, and Sierra), it helped me appreciate the variety of ways to do things from different types of software. I suspect that many of you who do not like the T4 DOM have probably only ever used Ninja or maybe another DOM, and you're simply comfortable with what you like (but granted, who can blame you? ). CTS has a decent user manual (though not exhaustive) for their product, so a good ol' "RTFM" is probably good advice when using T4.


I'm waiting on Ninja because I am absolutely hooked on Chart Trader and hate DOM's of all types


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #122 (permalink)
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Chart Trader is where it's at... Best way to trade is to never take your eyes off the chart.... Also waiting for the NT7 rollout before I do another one.

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  #123 (permalink)
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syxforex View Post
Chart Trader is where it's at... Best way to trade is to never take your eyes off the chart.... Also waiting for the NT7 rollout before I do another one.

I love the chart trading for a visual status of position, stops, etc., but many people would say the opposite of what you say here--never take your eyes off the DOM (and certainly never post on trading forums while trading.. oops! )

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  #124 (permalink)
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I would prefer chinese water torture ..

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  #125 (permalink)
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Which products do you trade?

 

josh View Post
I love the chart trading for a visual status of position, stops, etc., but many people would say the opposite of what you say here--never take your eyes off the DOM (and certainly never post on trading forums while trading.. oops! )

But I would say, most would actually do better to take their eyes off of both!

"If I agreed with you, we'd both be wrong."
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  #126 (permalink)
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josh View Post
Granted, T4 is not a good charting program. And the DOM has its issues, but they all do. I'm surprised at how many are stuck in the Ninja DOM mentality. I prefer the Ninja DOM and find it the easiest to use and have been using it for years now, but a single day spent on a simulation account practicing with the T4 DOM should help one figure out the ins and outs. I particularly like the AutoOCO that CTS has. In my review of several programs and DOMs (I tried TT, T4, and Sierra), it helped me appreciate the variety of ways to do things from different types of software. I suspect that many of you who do not like the T4 DOM have probably only ever used Ninja or maybe another DOM, and you're simply comfortable with what you like (but granted, who can blame you? ). CTS has a decent user manual (though not exhaustive) for their product, so a good ol' "RTFM" is probably good advice when using T4.

Regarding TST, I have not heard of them before I watched the recorded webinar yesterday, but I must say that they seem to have a "ring of truth" when I hear them speak. I have heard shyster-speak, and that is not what I heard from TST. I have never bought vendor products or services, ever. Yet, I may give TST a try. I don't want to go through a "learn how to trade" program--rather, I would like some tune-up on psychology and risk, and the prospect of trading a larger capital base at 70% is quite tempting. It reminds me of the show "shark tank" where sometimes people who are already making hundreds of thousands, or millions of dollars, come on the show and ask for another 300K, or another million, because they want to leverage additional capital. So, whether one is trading a large capital base or not, is there a downside (aside from having to trade yet another additional account simultaneously) to trading a 150K account with 70% profit split, with no downside risk?


Here's the problem with T4 - you can't setup your order stream in advance - it has no one-click order capability to execute a scale-in/scale-out order moving stops. You have to fumble around the platform after placing your order while you should be watching the market. It's fine for traders who have simple buy/sell, PT, ST. But anything more complicated just doesn't work. In Ninja, you can design templates for your orders in advance and execute with one click - profit target, scale-in/scale-out, stop loss, move stops, etc. I'm surprised they haven't recognized how far behind the 8 ball they are.

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  #127 (permalink)
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phantomtrader View Post
Here's the problem with T4 - you can't setup your order stream in advance - it has no one-click order capability to execute a scale-in/scale-out order moving stops. You have to fumble around the platform after placing your order while you should be watching the market. It's fine for traders who have simple buy/sell, PT, ST. But anything more complicated just doesn't work. In Ninja, you can design templates for your orders in advance and execute with one click - profit target, scale-in/scale-out, stop loss, move stops, etc. I'm surprised they haven't recognized how far behind the 8 ball they are.

Yes, I can see how you would prefer NT for this kind of strategy. As I said, I also prefer NT. My guess is that floor traders who are using either TT or T4 probably don't have complex scenarios like you describe, though maybe I am very wrong--they likely do a lot of manual orders, whether that be putting a stop in the market (which few probably actually do I'm guessing, but again, maybe I'm off) or orders to close the position.

TT is a dinosaur, but it's fast and does the job and most importantly, is familiar to all the traders, so "if it ain't broke don't fix it" I suppose... And as someone else mentioned, the T4 DOM has a nice tabbed interface for quick spreading so that's probably used by a lot of floor traders.

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  #128 (permalink)
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for me -was up 3000 in 2 days on the 50k sim - trading my style - used there suggested methods and could not flatten out my trades -i find ,for me why change what works -most likely a good place for a beginner trader -who could master there platform over time -and then when they found a fast and furious platform they would think they found heaven -to each there own ,i sure would like to see a demo of the firms owner firing out trades on that platform -now that would be a seminar in real time

:when you cheat -you only cheat yourself
refer to post # 470 & 527 & 930
option traders refer to post 996 thru 1005
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  #129 (permalink)
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There is no reason for anyone not to try this out. Can you have too many accounts to trade ?

But, once again, If you have never used the T4 gag, you are at a disadvantage.

I am waiting for Ninja to be implemented and will rock the combine hard and get that money


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #130 (permalink)
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