Self funding trader, best platform?

Discussion in 'Professional Trading' started by cahaba, Mar 25, 2009.

  1. cahaba

    cahaba

    After a few years hiatus from the futures world(10 plus years on TT) I am planning on tiptoeing back into the trading arena via equities. Algorithms completely killed the futures day game.....I am going to self fund, so don't need/want prop unless there is some huge advantage I am missing. Suggestions for an all in one platform? Anything else?
     
  2. Seriously. I am moving, after a long absence, back into the markets. Paper traded FOREX for some time now using MetaTrader - and HATE it.

    Platforms seem to be few and far. Taking out the data feed issue, my current plan is:

    For stocks:
    * Go with ameritrade, as tehy have an API (yeah). I can get quotes from them, as w ell as handle the trade side. Maybe I will do some yahoo integration to get the EOD data.

    * For Futures and Forex:
    Zen-Wire starts looking good, plus one of their integrated brokers.

    Platform - GOOD question ;)
    I had a look so far at MetaTrader- sucks (sorry), the UI is non-sensical and I regularly blow by making the wrong trade. Closing a pyramid of positions is hard work, thanks to no "exit all of that instrument" method.

    * NinjaTrader - still trying to decide whether I should laugh. Definitely a good framework to run a system, tbut I still need a way to "integrate" that with my development environment (Visual Studio), but they do C# based systems. Have some nice order entry mechanism that I REALLY like. You can prepare a order strategy (stop loss, trailing profit stop etc.), in a window (one per instrument), then hit "ENTER" and be done. But their charting is not good - definitely a focus on system / semi automation.

    * Right Edge - well. C# again (I love it), but.... I rather prefer MY development environment. I earned my living with C# for 10 years now. I have all the tools. And I do not want a "mock up semi good IDE" where I can not integrate my toolset.

    I seriously plan of doing some combined thing myself, but use ninja for now.