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A few weeks ago I tried and then bought the NT multi license. What started as something great ended up with "a few things happening" that made me not trust NT as a trading platform at all.
Before trading with NT , I used TOS. So obviously I am back with TOS, still have an account with IB, but hate their platform for trading and I dislike TS and TOS as well.
I am looking for advice/recommendations on a new trading platform. I consider myself a chartist, so a platform with great charting tools and very responsive is what I am looking for. I like platforms that are very uncluttered, I don't like platforms that are visually busy with stuff I don't need like TOS is, or platforms that look like they were designed in the 80's like IB's. I like straightforward, efficient and responsive.
I really like tradingview I am wondering if any of you use it for trading, and what brokers would you recommend with it? Hasx anybody experience with AMP global or Tradovate?
I am also looking for other recommendations beside Tradingview.
Thank you.
Can you help answer these questions from other members on NexusFi?
I recently got back into trading after taking a few years off, and I'm also interested in the same question you have.
I also have a NT multi license, TOS, and TWS, and I'm not really happy with any of them.
What exactly are you planning to trade, what time frame, and do you need level 2? I think these are important considerations.
I'm more of a scalper, in for seconds or minutes. I might hold a trade for 10 or 15 minutes, but I much rather be out sooner than that. So for me I'm looking for very fast and accurate data, best execution, level 2 data, low commissions, etc.
I am learning to scalp penny stocks right now, so I got turned on to Lightspeed Trader platform. They also support futures, but might need to use a different platform. Lightspeed offers very quick access to ECNs and low cost commissions for large share sizes. Their futures commissions seem a little high to me vs Interactive Brokers.
Depending on your execution and brokerage needs, they might offer different platforms. So you might want to start there to limit your options.
You might also consider a separate charting platform running side by side with your execution platform. I currently enter my trades using Chart Trader in TWS, but I also look at a chart on TOS where I have certain indicators setup already like prior and current day's OHLC and VWAP. I have been trading MES in my IB account, but I have ES open in TOS.
I just completed my account application with Optimus, driven to a large degree by the platform. Like you, I was a bit puzzled and put off by the 1990s look/feel of some of the platforms on offer. I felt like I was almost using DOS. Anyway, I found Optimus Flow to be just what I wanted -- really snazzy looking and uncluttered, with great visuals and super intuitive. Worth a look.
I will plug TradeStation as I like them. They have quick execution and all the bells and whistles I like, which is hardly anything except quick execution. I manual trade, but, I believe you can auto trade with TS.
If you mostly swing trade, then maybe you should look into IB's web based platform for charting and/or order entry. Supposedly it's a lot better than their desktop platform, but I haven't tried it yet.
If I were swing trading futures, I would probably use TOS for charts because it's free and I already have my custom indicators on it. I like how you can adjust for contract changes, or not, and you can display contract rollover and option expiration dates on the charts. I know using TOS isn't all that intuitive, but once you get it set up you don't have to fuss with it anymore.
If you don't mind paying for charting software and/or data, then maybe you should have a look at eSignal. I think that's pretty much the best charting platform. TradeStation is probably second best for charting, but I don't like their brokerage sales tactics and minimum activity fees.
Based on your requirements for a great charting platform with speed and flexibility, I think you should really look at Multicharts. The developers of Multicharts are also responsible for Tradingview. I was a long time user of Tradestation and have been very happy since moving to Multicharts. Their support is excellent too.
I would be a little suspect with Amp as I’ve heard their customer support is weak. I was considering them previously but when I also tried to chat to someone live the phone was never answered - it just went through to voicemail. I ended up opening my account with Cannon Trading and have been happy so far.
Thanks for your input. As mentioned in my opening post, For me TOS is weak as fart as charting and very limited as far as customization, of course trading platofrm is a very personal thing, what doesn't work for me may work great for you.... It's also missing a few tools I like to use. Tradestation isn't for me either, not is IB. Again NinjaTrader would have been perfect if it had worked as advertised, unfortunately there were too many mysterious technical issues... Cheers.