Welcome to NexusFi: the best trading community on the planet, with over 200,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- discounts are available after registering.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
I use the chart trader on NT8 and most of the time it works okay, but during faster markets it can be a tad too slow as there's multiple clicks involved (right click desired price, scroll down to the correct command and finally another click). It's slow enough that I've missed entries at times.
There are various add-ons available which circumvents this by letting you place order simply by clicking on the chart and using keyboard short-cuts to differentiate between buy stop / sell limit above price and vice versa below price.
Finally, another solution could be to simply start using the DOM to place one click orders and stop trading directly from charts. But this is something I have not been doing up until now.
Thanks in advance for any advice and/or experience with the products above or similar.
Are you trying to enter exactly after a candle/bar closes?
If yes, try Buy Bid and Sell Ask for quick executions as a limit order. Same goes Market Order. Keys are in the chart trader menu on the right.
Also, you can have your hotkeys set up as well to do the same, but make sure your chart is selected and hotkeys are enabled to get executed.
If you are not trying to enter right away, then I think putting a limit/stop order elsewhere and dragging unto the desire price is the only way, afaik.
Most of the time, I have OCO orders on my screen, i.e., a buy limit/buy stop when I want to buy, which I can adjust accordingly. This works well most of the time, but when volatility picks up I can get some issues.
I think a ClickTrader type of functionality is preferrable, but I'll look into those Hotkeys. Thank you.
I haven't tried it with live trading so far - only a bit of testing in simulator yesterday.
So far, it delivers on all it promises which is simply instant order entry on the chart. If I want to make a buy stop/buy limit I - I just use CTRL and click with my mouse to confirm. SHIFT if I want to make a sell stop/sell limit.
From past experiences where I've been both too slow OR clicked the wrong order on the drop-down menu I can tell that this will pay off quickly.
Should be a native feature on NT8, though, but as it's not this is a good solution.
