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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.
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! )
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.
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