So far the development process is going smooth, the indicator is already developed (not released yet) for the following platforms: Metatrader 4&5 Ninjatrader 7&8 Sierrachart Some headaches figuring out all these different (yet similar) coding languages but seems like things are going forward. Coming next : tradestation and esignal. Again please feel free to write here your preferred platform, the more the better!
With all due respect, you're going about this all wrong... You're developing products that you don't know there is a market for. It shouldn't take you more than a couple hours to code the indicator for any platform that is worth using....you can respond to demand as it's generated. No one who has chimed in here thinks your product is marketable at your price point..so what are you doing? Not trying to be an ass...just trying to save you from wasting your most valuable asset
No you are right about the price, that price (500usd/month) was specifically thought for really professional traders, and i mean traders that trade hundreds of millions of dollars on a daily basis, to them 500usd is just insignificant amount of money. I know that keeping a high price for non professional traders would be counterproductive, as majority of them cannot afford high prices. The good thing about non pros is that they outnumber the pros, so even keeping price low can bring good profits (because of big number of subscribers). Really this price thing is still not decided, now I'm working on developing the product, once development is complete I'll think about a good price tag, i can't ask advice because you would need to see the product before think about a price, but ok we'll think about it later
You are getting pretty good advice from several people; TT is hands down best platform for pro traders/execution/hedge trading and great with writing code etc... and is a very "pro" platform, I agreed about meta a few comments back. I will say (as a professional trader) $500 is not only very expensive and I mean expensive, but if you think you have something worth that then you keep it yourself and run it and crush it. Also I don't know too many hedge fund owners or high net worth traders or even just good traders that would pay that b/c they know how to trade and have their own thing/model etc... but now lets try to imagine the rest of particpants paying $500/month. I see this as a service, lower price-take it everyone (platform) to buy like tradestation and go for volume on your sales. *I skimmed through this discussion so I apologize if I brought something up that had already been deemed decided. Oh and I agree with I believe "bizros" about metatrader especiallly with launch of futures trading in 5, my fund actually opened an account with it and great execution so I see success. Best platforms (even if 1/2 a broker) TT CQG and data TWS by IB MarketDElta especially now after merging the trading part with CQG platform and CQG IG for $199/month QST-depending on style CTS OEC Multi
Thank you for your great reply, it's full of useful information and insights. I must ask you a question, but please keep in mind in no way i intend to offend you or be rude, i just need to understand. You say you are a pro, this mean (i guess) trading is your job and/or you do trade for a bank/fund. Yet, you say 500$/month is expensive. I am not a pro, never worked for or managed funds of big institutions, however as a small fx retail trader i started from a few k usd and grown them, i don't trade anymore but in the good times 500usd was half of the commissions/spread costs paid to place every single trade (and i placed many trades everyday as a daytrader). And yes all my "success" in trading is thanks to my indicator btw. Now i read "$500 is not only very expensive and I mean expensive", perhaps my ideas about "pros" are exaggerated, i would really love to have access to some information such as "average account size" of various platform users, because right now I'm very confused.
tradestation sucks! __________________________________________________________________________ Very well thought out review. Looks like your review does not match other users experiences with it. 2016 TradeStation Receives Highest Rating 4 ½ Stars for “Best for Frequent Traders” in Barron’s Magazine’s Annual Ranking of Online Brokerage Firms1 In the March 2016 Barron’s magazine review of 16 online brokers, TradeStation received the highest star rating for “Best for Frequent Traders.” TradeStation also received four-star ratings in the categories of “Best for International Traders” and “Best for Options Traders.” Barron’s noted, “This is a powerful and extremely customizable platform intended for the frequent trader.” Best for Frequent Traders – Highest Rating (4 ½ stars) Best for International Traders – 4 stars Best for Options Traders – 4 stars TradeStation Wins Five Major TASC Awards; Rated Best “Trading System – Stocks” and Best “Trading System – Futures” for the Twelfth Consecutive Year2 TradeStation received top ratings in five major categories in the 2016 Technical Analysis of Stocks and Commodities (TASC) Readers’ Choice Awards. TASC readers voted TradeStation Best Trading System – Stocks and Best Trading System – Futures for the twelfth consecutive year. TradeStation also won Best Professional Platform for the fourteenth year in a row, Best Real-Time Data for the seventh time and Best Trading Centers, Schools, Training for the second year in a row. Best Trading System – Stocks – 12th Year in a Row Best Trading System – Futures – 12th Year in a Row Best Professional Platform – 14th Year in a Row Best Real-Time Data – 7th Category Win Best Trading Centers, Schools, Training – 2nd Year in a Row TradeStation Named “Best Platform Technology” for the Fourth Year in a Row in StockBrokers.com 2016 Online Broker Review – Also Rated “Best in Class” in “Mobile Trading” and Four Additional Categories9 TradeStation topped all other brokers in winning the award for Best Platform Technology for the fourth consecutive year in the 2016 Online Broker Review conducted by StockBrokers.com. In addition, TradeStation received a “Best in Class” rating in the Platform & Tools category for the fifth consecutive year, a “Best in Class” rating in the Active Trading category for the sixth consecutive year, and a “Best in Class” rating in the Options Trading category for the fourth consecutive year. TradeStation also was awarded “Best in Class” ratings in the categories of Trade Execution and Mobile Trading for the first time. Best Platform Technology – Highest Among All Brokers, 4th Year in a Row Platform & Tools – “Best in Class,” 5th Year in a Row Active Trading – “Best in Class,” 6th Year in a Row Options Trading – “Best in Class,” 4th Year in a Row Trade Execution – “Best in Class,” 1st Year Mobile Trading – “Best in Class,” 1st Year