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Thank you for your comment. Unfortunately, I noticed when using the ATM that 9 out of 10 trades are closed to my disadvantage. Example T/P set at 10 ticks. NT closes the trade at 9 ticks. Example S/L set at 10 ticks, NT closes the trade after 11 ticks. It's strange. I've never seen anything like this on any other platform. I'll test this for a few more days. If the NT support can't explain this to me, I'll unfortunately switch back to SC. I never had a problem with it.
Can you help answer these questions from other members on NexusFi?
lol, this isn't strange, this is trading . I guess you have no or very less experience trading futures. The Target is a Limit-Order, so you will always get 10 ticks or more, but the Stop becomes a Market-Order as soon as the price is hit and if the market is moving fast against you you will get slippage (in your case 1 tick), but if you trade thin markets (NQ, GC), you can get way more slippage. It is just part of the game, nothing else (and has nothing to do with the platform, just the connection to the exchange is important).
Agree with this. Whether an order is filled or not does not depend on the platform. It doesn't happen on the platform, it happens on the exchange.
Now, if you are trading in sim, then that's a different story, and you didn't say whether you are live or sim. If you are doing simulated trades, then sure, the platform may matter, because it's just simulating where and when your market order will be filled. This will be based on assumptions that are built into the software. This is an attempt to duplicate what would happen in real trading in a market, where your orders have to be matched to other, actually existing orders. In live trading, you can't be sure exactly where a market order will be filled until it's happened. In sim trading, the software makes its best guess. So if you are on sim, this would explain it.
If you're live, the fill price is determined by the servers at the exchange, not what trading software you are using.
Bob.
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Edit: I just read your first post, where you said you are "paper trading", that is, simulation. That's your answer then. If you shop around for the platform with the sim fills that give you the best results, you are looking for the wrong thing. When you go live, the way it handles simulated trades will not matter, and won't help you or harm you.
When one door closes, another opens.
-- Cervantes, Don Quixote
Hi Bob, thank you very much for your detailed and friendly explanation. It makes sense. I have been trading daily for about 3 years, of which I have been practicing with a sim account and working on my strategy for almost 2 years. I'm slowly getting better, the indicators are getting less and less, the reading of the charts is getting better and better.
Many factors have to fit together so that in the end there is success ... and there are also days when I almost despair ...
I guess that's part of the game.
Thank you for your answer. I have already read in the NT forums that there can be delays in very volatile phases. Most of the time, however, this is due to third-party indicators or the charts have to process too many indicators. god i am glad that my strategy only needs 3-4 indicators ...
IF I understand - to re-cap:
- you want a Chart Trader capability (priority 1)
- you don't have an allegiance to a particular Broker
- .net may be nice to have but not need to have
- you're expecting to trade live in the near future but would like to trade with whatever platform you will continue with initially continuing in SIM
Have you looked at MultiCharts at AMP Futures?
If I understand correctly it is a special edition for AMP, has Chart Trader, is free to their clients *as long as you fund an account* i.e. for your situation, you can fund an account, see if MC suits you and if so transition to live trading. There is a small data fee so if you're not trading live but want live feed.....But it is only a few bucks/mth depending on what Exchange data bundles you want.
There are what I might call different types of 'lag', and you've received some excellent informative replies. You have come across platform lag problems reported and it is fair to say it has had many. No doubt many due to third-party indicators, wherever the fault for that may lie. No doubt many not. Where the two can come together, is that if your charts are lagging by a second and you are trading off a chart in real time, in fast volatile markets price will have moved at the Exchange but not on your chart, resulting in 'apparent slippage'. As already answered yours sounds like SIM fill as it is consistently 1 tick
Hi Brucerobinson and thank you for your message. yes, you understood it all correctly. I've made a decision and I'm sticking with SierraChart and AMP. Never had problems with this combination. It's a bit of a shame because the support @ NT is much better than that @ SC and because the look of NT is also better, but with SC I get everything in one package. For me, that makes the crucial difference.
A reasonable choice. Another person might have made the choice to use NT, for the reasons you stated, and that might be a reasonable choice for them. It's totally personal, so as long as you have your reasons which make sense for you, that's what you or anyone should choose.
FWIW, I like NT and their support staff a lot, and everything (or almost everything) that people say about the SC support I agree with, but I'm with SC too. Same reasons in the end.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
Have you considered Tradingview? A cloud based platform but is feature packed and is fairly good solution for average retail traders like myself.
NT8 and SC are top of the brass, if you are having problems with them its likely you will not meet your requirements elsewhere either, unless we are talking about something more and new like TV (which is worth a shot). I wish I was paid by them at this point but I'm not, I'm just happy user