Hi folks, I’m a relatively new subscriber – I signed up in Feb I
think, but I’d like to thank Matt and Steve for the work they put
into this site. No BS and excellent posters every day have quickly
made it a staple for my daily routine. It’s also inspired me to
upgrade my trading platform finally.
I’m looking at going with an Interactive Brokers /
Multicharts combo. IB seems to be pretty popular here, but I’m not
sure about Multicharts. The main reason I like it is because it
supports all the tradestation easylanguage code – which seems to be
the most powerful on the market right now. Also, I’m in Canada, so
tradestation is not an option for me, from what I can tell, and it
would probably cost significantly more over time anyway.
Two questions,
1) is anyone using Multcharts, and are you happy with it
overall?
2) will the IB data feed be sufficient, or is it advisable to
go with eSignal, IQFeed, or something similar?
I considered ninjatrader, cooltrades, buttontrader, etc. but
it seems like multicharts fits what I’m looking for the best and is
probably the most stable. But, I’m open to all suggestions, so if
anyone has time this weekend, I’d appreciate any advice and
recommendations you may have before I move forward. TIA
I recently upgraded to TD Active Trader. As far as features go,
this platform isn't an industry leader. Having said that, it
is fairly quick to find a set up that fits ones needs. I used the
demo for a couple of days then went live in time to catch the buy
signal on SRS yesterday morning. Needless to say my first trade on
the platform was a winner.
I'm from Canada as well and I allready had an account with TD
WebBroker, so it was an easy transition to the direct platform. The
"investment reps" in the active trader department are vastly more
helpful and knowledgable about their systems.
I've still got an extra membership at "Stockcharts". I will
probably bump it back up to a realtime. If I don't find
something better.
Posted by bogeymac on 17th of May 2009 at 01:26 pm
Hi Cal1, I was thinking about TD for a TFSA account, so
it's good to hear you like them. I've got my RSP with Scotia, which
I was also thinking of moving somewhere. But, now they're planning
to convert to the new itrade platform sometime this year, so I'll
probably wait to see how that pans out.
Posted by sporopat on 17th of May 2009 at 08:40 am
Hi Cal1 - I was thinking of upgrading to Active Trader as well
(I'm also currently a Webbroker user). Are you able to
automate trading through either of their upgraded
platforms?
No automation at the present time. If you do look into active
trader, be sure to enquire about A.T. WEB. It's an
unadvertized website that allows you to make your trades in
realtime if you have access to the internet but, not your trading
platform... a back up. I plan to use it on occasion with a 3G.
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Title: Platform upgrade question… Hi folks,
Posted by bogeymac on 15th of May 2009 at 09:51 pm
Hi folks, I’m a relatively new subscriber – I signed up in Feb I think, but I’d like to thank Matt and Steve for the work they put into this site. No BS and excellent posters every day have quickly made it a staple for my daily routine. It’s also inspired me to upgrade my trading platform finally.
I’m looking at going with an Interactive Brokers / Multicharts combo. IB seems to be pretty popular here, but I’m not sure about Multicharts. The main reason I like it is because it supports all the tradestation easylanguage code – which seems to be the most powerful on the market right now. Also, I’m in Canada, so tradestation is not an option for me, from what I can tell, and it would probably cost significantly more over time anyway.
Two questions,
1) is anyone using Multcharts, and are you happy with it overall?
2) will the IB data feed be sufficient, or is it advisable to go with eSignal, IQFeed, or something similar?
I considered ninjatrader, cooltrades, buttontrader, etc. but it seems like multicharts fits what I’m looking for the best and is probably the most stable. But, I’m open to all suggestions, so if anyone has time this weekend, I’d appreciate any advice and recommendations you may have before I move forward. TIA
TR. PLATFORMS
Posted by cal1 on 16th of May 2009 at 01:49 pm
I recently upgraded to TD Active Trader. As far as features go, this platform isn't an industry leader. Having said that, it is fairly quick to find a set up that fits ones needs. I used the demo for a couple of days then went live in time to catch the buy signal on SRS yesterday morning. Needless to say my first trade on the platform was a winner.
I'm from Canada as well and I allready had an account with TD WebBroker, so it was an easy transition to the direct platform. The "investment reps" in the active trader department are vastly more helpful and knowledgable about their systems.
I've still got an extra membership at "Stockcharts". I will probably bump it back up to a realtime. If I don't find something better.
Hi Cal1, I was thinking
Posted by bogeymac on 17th of May 2009 at 01:26 pm
Hi Cal1, I was thinking about TD for a TFSA account, so it's good to hear you like them. I've got my RSP with Scotia, which I was also thinking of moving somewhere. But, now they're planning to convert to the new itrade platform sometime this year, so I'll probably wait to see how that pans out.
Webbroker/Active Trader
Posted by sporopat on 17th of May 2009 at 08:40 am
Hi Cal1 - I was thinking of upgrading to Active Trader as well (I'm also currently a Webbroker user). Are you able to automate trading through either of their upgraded platforms?
TD Active Trader
Posted by cal1 on 17th of May 2009 at 03:13 pm
No automation at the present time. If you do look into active trader, be sure to enquire about A.T. WEB. It's an unadvertized website that allows you to make your trades in realtime if you have access to the internet but, not your trading platform... a back up. I plan to use it on occasion with a 3G.