https://www.medvedtrader.com/www/frontend It interfaces with TD Ameritrade and will with Schwab when the time comes that your account is moved over (around May they say all accounts will be moved to Schwab) and Medved Trader will interface with your data feed from your account there. DOM is Depth of Market. It is similar to a level 2 panel which shows the orders placed on a "tape".. If you use tick candles, this is essentially the same as "tape reading" but a lot better visually in my opinion for executing trades by seeing a bit ahead. Medved Trader also has the feature of allowing the indexes to be at the top of your screen so you can see what they are doing. 80% of stocks are moving along with the market, so you can anticipate where the market is going by keeping a close eye on what they are doing. The VIX index is going to be the contrarian index, (when it goes down, the others will go up more often than not) and when the VIX is increasing the other indexes will start to go down.. It is known as the "fear index" but it actually tracks options but I don't actually understand more than that about it. Just that it is opposite to the others most of the time.
After looking into TOS sim more carefully, I think you are right, it cannot really sim scalping. The built in time lags and bid/ask etc. make rapid trading based on tick by tick invalid. I cannot really fine tune my approach with TOS sim. I have a few questions for you if you don't mind: 1. How do I do a one button buy/sell with predetermined stop loss or trailing stop with TOS? 2. Do you normally enter with market or limit, and if market can you specify buy on bid and sell on ask? 3. Have you ever use the Schwab SSE platform, if so, your comparison? Thank you for your help.
I grew up with Schwab, with them for more than 30 years. Started active trading with StreetSmart, migrated to StreetSmart Edge but in Dec last year, Schwab tech support emailed me, told me I should learn TOS as they planned to shut down SSE in 2024. I called, they suggested I practiced on TOS sim but cautioned not to activate TOS realtime until I could trade on TOS because once I activate my TOS account, I cannot go back to SSE. In their opinion, TOS is far superior to SSE.
Ahh that explains it! I've had a good lesson in taking losses today.. trading DJT .. FA&FO... getting reps in includes f'ing around & finding out.. I suppose.. But I'm okay with it, because I was trying scalps that taught me a lot of lessons today.. kind of like trying to surf a tsunami.. (I now have great respect for tsunamis..)
I used to be with TD Ameritrade back when they used to be Datek and in those days Medved Trader's earlier software was called Quote Tracker. Everyone used it, we were very cultish about it and still are cultish with MT.. We had a trading guru called Trader X when we were all learning as a group on IRC and Trader X was the first to develop the heat map. We were given access to it as his special groupies.. Quote Tracker was sold to TD Ameritrade and Jerry Medved & crew went on to create the next great masterpiece called Medved Trader.. (Thankfully because I don't think I could use anything else after all this time or want to even try.)
Hi, I'll try to help best I can. Let me show you the underlying settings I have for a stop under the Active Trader buy sell area. Since it means pasting in images, I'll have to create more posts I think in answering your questions than just this one, so bear with me.. Remember, this cutout is what you are aiming for if you don't want to see the whole trading ladder in the Active Trading area. It detaches from the main screen as its own separate module. This is tricky to figure out and it would take me figuring it out again to replicate what I now have over again. I've had to do it several times and it is a real pain, because TOS is to me the least user friendly overly meshed up convoluted pos platform imaginable.. by psychopaths who decided to throw everything together including the kitchen sink into a trading platform with no clear areas of distinction until you figure it out with great effort..