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schulzey
 

Registered: Aug 2011
Posts: 77

 

07-01-12 08:52 PM

I was originally looking into using a program called FireTip that would work on all my mac computers for futures trading. One of the brokers I could use (directfutures) is saying it would be $4.60 roundtrip including exchange fees which I originally thought was a good deal, but I'm starting to wonder.

If I run vmware on my mac to use better trading platforms that only work on windows, what is the best broker with the best rates?

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schulzey
 

Registered: Aug 2011
Posts: 77

 

07-01-12 08:54 PM

Also, it seems like everyone on this forum is a big fan of ninjatrader for charting, so I'm looking into that.

Does the ninja trader platform have a monthly fee or is it included with whichever broker you end up going with?

The firetip trading/charting platform I use is free and then I would only be charged commissions.

I'm used to paying over $100 a month just for my charting program from worden when I traded stocks and if there is anyway I could cut out an extra $110 per month bill it would be great.

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NetTecture
 

Registered: Mar 2009
Posts: 1010

 

07-01-12 09:30 PM


Quote from schulzey:
Also, it seems like everyone on this forum is a big fan of ninjatrader for charting, so I'm looking into that.



You mean that piece of crap that is written by people that would mentally be challenged to serve burgers at McDonalds?

Seriously? Before NInjaTrader I thought old versions or Rational Rose were the worst software I have ever seen. NInjaTrader now leads by a wide margin.

I suggest you look at alternatives. THere is at least one that is from a company that is responsive, fixes their product and makes regular new releases AND is a LOT better thought out. MultiCharts. NInja does none of that - their software has problems running on modern windowsi na domain environment (too stupid to put their data inthe right place), works on an outdated .NET technology (for years now), has TONS of SIGNFICANT issues (backtesting is mostly crap until you work around a LOT of issues) and their project management is totally happy not fixing any bug and telling everyone to wait for vv8 which is due one point this millenium, promised.

MultiCharts has public project management, you can see planned releases and fixed issues, they have a blog and do regular updates. Now that they have a :NET version coming SOON (read somewhere release in July) I hope Ninja looses enough customers to make it worthwhile to hire somoene who does not think "Project Management" is some alien concept that involves sacrificing chidren and is the root of all evil.

Ninja is CRAP. Not because of the bugs it has, but becuause the company does not care and does not fix even those that would not atake more than 15 minutes to fix.


Quote from schulzey:
Does the ninja trader platform have a monthly fee or is it included with whichever broker you end up going with?
[/B]



Are oyu capable of reading? I mean, seriously - if I go to their website, the pricing information is kind of impossible NOT to see, you know.


Quote from schulzey:
The firetip trading/charting platform I use is free and then I would only be charged commissions.
[/B]



Yes. As in: you pay a lot higher comission to cover the plattform cost and are bound to one broker. NOTHING in this industry is free.


Quote from schulzey:
I'm used to paying over $100 a month just for my charting program from worden when I traded stocks and if there is anyway I could cut out an extra $110 per month bill it would be great. [/B]



Really? 110 USD make a difference for you?

Maybe a month at McDonalds would be good. Take the money, put it into your investment account and you likely quadrupled it?

100 USD is 2 points ES, one contract (plus change). If that makes or breaks you, you have a SERIOUS problem. I am all into saving, but there are some significant issues in tying yourself to your broker like you do so far.

You seem to likie simple issues. I mean, you talk of all in comissions. I pay 50 cents per side PLUS fees. And I come out ahead - quite significant.

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schulzey
 

Registered: Aug 2011
Posts: 77

 

07-01-12 09:41 PM

Easy man.

What broker do you go through that is $.50 a side in commissions? I'm assuming that's not including exchange fees?

Also, I take it you use multicharts then? Are you happy with the platform?

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NetTecture
 

Registered: Mar 2009
Posts: 1010

 

07-01-12 09:43 PM


Quote from schulzey:

Easy man.

What broker do you go through that is $.50 a side in commissions? I'm assuming that's not including exchange fees?

Also, I take it you use multicharts then? Are you happy with the platform?



I said it does not include exchange fees. DeepDiscountTrading.com - site looks shit, but it is a decent VDM behind (Crossland) and Howard - the guy running DeepDiscount - is as good as it gets, which is a SERIOUS compliment.

Seriously, want to laugh? We run 3 compuiters here doing backtesting. Can you imagine how suprised we where when the SAME strategy turned out 3 results in NInja? Ninja sometimes forgets to downloa data and jsut uses thwhat it gets - no error. NICE. Oh, and when you backtest again, it downloads all again. Alzheimer in programming.

e still work with Ninja, but moving out is part of the plan. We spet the last 3 months likely 7 man months hunting ghosts.

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schulzey
 

Registered: Aug 2011
Posts: 77

 

07-01-12 09:52 PM

thanks for the info.

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