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Futures-Trader
  by Christian Czirnich
67%     33%
(3 Votes)
 
Reliability
Ease of Use
Performance
Documentation
Worth the Money


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  "Ton of features, great support" - karabuglaMarch 25, 2004   4:17 AM  
 
Reliability
Ease of Use
Performance
Documentation
Worth the Money


I can understand when George Sorros speaks of a missing redesign, since for first time users the program will be a bit confusing. It definately takes some days ´til you get a feeling for the handling (best is to stay in DEMO mode as one wrong click in REAL mode will cost you money :-)).

But once you´ve worked with it and know how to handle all the different ways of entering / changing / deleting orders, it is an extremly efficient order plattform. I use 'the tower' (DOME) almost exclusively and I´m 100% satisfied with the speed and reliability of the program.

  
  "Great IB Front End, Great Support, Excellent Value" - ssternlightFebruary 02, 2004   3:14 PM  
 
Reliability
Ease of Use
Performance
Documentation
Worth the Money


I have been using FT for the around 9 months now. I am very satisfied with it and it has paid for itself many times over.

Instruments: Works on bonds, currencies, index futures, equities, whatever.

Support: The author has always been highly responsive and readily available for questions or suggestions for improvement. I have had ideas implemented within a day on several occassions. Since he trades for a living too, he stands behind -- and in front of -- his product.

That responsiveness and reliability has made it possible to work as a trader rather than a software beta tester. In 9 months of using numerous upgrades, I haven't had one significant issue with order entry or management.

Data Feeds: I use the IB data feed with FT but it also supports Esignal for those that want tick by tick data -- and don't mind paying for it. :) You can run playbacks with Ensign as well if you want to test technique or a new trading tactic.

Order Management: FT has the usual setups for breakout, fade, market maker, or just plain trend following styles with bracketed or trailing stops and targets. You can add and subtract contracts or shares incrementally and set multiple targets. You can also run multiple instances of it without being charged as if that was an extra "feature."

FT is flexible enough to fire off orders at the end of a bar or wait until the size on bid/offer reduces to a predetermined level and then fire the order off. As a result, I have gotten much better entries and in some cases avoided trades that would have been losers -- as size never came down to trigger level and price moved away.

Another nice feature is that FT will pre-enter exits while waiting for the initial entry to occur -- improving chances of getting an early fill on those quick bond scalps for example.

Interface: I find the tower(dome) to be quite intuitive and easy to use once you get going. It is my preferred setup. I find it easy to modify stops and targets while in a trade. However, you can customize the layout to include whatever features/footprint you want or create multiple ones... Some setups include tick and trin as part of the heads up display -- for ym traders for example. Another includes the daily cash/futures spread -- for currency traders. You could use the mini candle chart if you don't have any other charting package or just wanted to conserve space.

Conclusion: FT has helped me tremendously with my trading -- from setting targets to money management. I recommend it highly for any serious intraday trader.

  
  "Pack of features, needs redesign" - GeorgeSorosFebruary 02, 2004   2:03 AM  
 
Reliability
Ease of Use
Performance
Documentation
Worth the Money


After adding a lot of features to its product without a redesign it can now offer coffee, clean your house and repair your car :-) It remembers me of ICQ.

Clearly needs a redesign, a proper documentation and also some useful features like Friend&Family account support. Author has been also proven to be not openminded to new suggestions.

  
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