This morning I've started my two week trial of X-Trader. I'm looking to eliminate NT entirely. For months, I've used MultiCharts to chart and NT for DOM only, but I'd like to remove NT because it still causes me problems every now and then.
My two week trial is coming from Velocity Futures. There is a thread with reviews on Velocity.
Having never used X-Trader before, there is a bit of a learning curve. But after an hour I've got the basics down and now I am just playing and trying various things so I can understand each setting. I need to read the manual still.
Here are a couple of screen shots. I will post more as I learn more.
Mike
Need help? 1) Stop changing things. No new indicators. No new charts. No new methods. Be consistent with what is in front of you first. 2) Start a journal and post to it every day with the trades you made. It will show your strengths and weaknesses. 3) Set goals for yourself that you can reach every day. Make them about how you trade, and not about how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. You must look within. 5) Have a question? Create a new thread so the community can help.
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Mike there are some really good (but long) training videos on the X_Trader site, and depending on your FCM you might be able to get into a TT classroom as well.
Note there is a huge difference between XT_Pro and the "free" version some FCMs offer. Take a look at the plugins available and see what you need.
Its old and clunky (C++ 2003 mostly, Win XP only) but you find it everywhere size is traded.
If you are a discretionary trader you are in good company. But if you use DDE links to autotrade you will be toast .
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Intending for Velocity to be the FCM. I looked at Pro vs non-pro, I don't plan to do any autotrading with this, I have MultiCharts for that.
As for the plug-ins, I will check on them but am only planning to use the DOM, no charting or automation. Do you have a site that lists the plug-ins?
On a side note, attached is a quick video of the DOM in action during a trade (mp4).
Mike
Need help? 1) Stop changing things. No new indicators. No new charts. No new methods. Be consistent with what is in front of you first. 2) Start a journal and post to it every day with the trades you made. It will show your strengths and weaknesses. 3) Set goals for yourself that you can reach every day. Make them about how you trade, and not about how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. You must look within. 5) Have a question? Create a new thread so the community can help.
If you want to support our community, become an Elite Member.
The following user says Thank You to Big Mike for this post:
Need help? 1) Stop changing things. No new indicators. No new charts. No new methods. Be consistent with what is in front of you first. 2) Start a journal and post to it every day with the trades you made. It will show your strengths and weaknesses. 3) Set goals for yourself that you can reach every day. Make them about how you trade, and not about how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. You must look within. 5) Have a question? Create a new thread so the community can help.
If you want to support our community, become an Elite Member.
Need help? 1) Stop changing things. No new indicators. No new charts. No new methods. Be consistent with what is in front of you first. 2) Start a journal and post to it every day with the trades you made. It will show your strengths and weaknesses. 3) Set goals for yourself that you can reach every day. Make them about how you trade, and not about how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. You must look within. 5) Have a question? Create a new thread so the community can help.
If you want to support our community, become an Elite Member.
The PS Trader plug-in looks nice. Do you have any experience with it? I've asked Dale @ Velocity Futures (dbox /at/ velocityfutures.com) for some more info on it.
The Trade Analyzer looks particularly nice, this is somewhat of a concern to have some of the functionality that NT has, it seems I would need this plug-in.
Any experience with either of them?
After two hours of testing, and 1800 contracts traded (lol), I have a nice 30k profit to show. Testing new software is always fun
Mike
Need help? 1) Stop changing things. No new indicators. No new charts. No new methods. Be consistent with what is in front of you first. 2) Start a journal and post to it every day with the trades you made. It will show your strengths and weaknesses. 3) Set goals for yourself that you can reach every day. Make them about how you trade, and not about how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. You must look within. 5) Have a question? Create a new thread so the community can help.
If you want to support our community, become an Elite Member.
Dale responded already, I now have PS Trader. I need to read another manual now
Mike
Need help? 1) Stop changing things. No new indicators. No new charts. No new methods. Be consistent with what is in front of you first. 2) Start a journal and post to it every day with the trades you made. It will show your strengths and weaknesses. 3) Set goals for yourself that you can reach every day. Make them about how you trade, and not about how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. You must look within. 5) Have a question? Create a new thread so the community can help.
If you want to support our community, become an Elite Member.
Mike this is the hard part (what plugins do I need for TT in 2010) and perhaps where I'm coming from things are "bass ackwards".
How do you want to manage your risk, and at what cost in relation to the size of your account?
How much of the management of risk are your comfortable placing on your broker and your platform? TT has some great stuff here.
Ninja, XYZ, and ABC (not naming software companies here) all work with or around the TT patent on the static DOM on a workstation level. Risk is a bit more global if more than one trader is involved. TT is in the top five of the institutional platforms globally, so there is a lot you can do with it.
Ninja can work with the TT_Fix, BTW As can MatLab.
TT execution with external charting is popular.
You have begun the journey to the institutional software darkside... I'd say something clever and witty here but I'm pressed for time .
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