My take on “elite” was that they don’t try to reinvent the wheel. It’s more efficient to accomplish in 600 lines of a procedural language using pre-built tools, instead of building from scratch with 20,000 lines of C++
ET member Simples quoted this in an older thread in the software forum. It really is the proper line of thinking when coding trading strategies.
“Good programmers code fewer flaws. Great programmers code as few lines as possible. Elite programmers strive to avoid programming entirely.”
No kidding. It’s not only laughable, but an insult to the informed players of this industry. Teach grammar school, and compete with some of the worlds best speculators, on the side?? Keep dreaming
Just ask questions here. Politely ask members if you can PM them if you want more in depth answers. I've been in this forum less than a year, and have given free advice to many lost traders. If someone asks for money, they're a piece of shit. Since I primarily do this for a living, I can tell...
IMO, unless your tied into either of them through a specific prop firm/broker, the off-the-shelf retail stuff (NT, Multicharts, etc...) is miles ahead, especially in regards to automated system development and execution.
It's more about making something complex look simple. Either way, without some kind of active participation you'll never maintain consistency as a trader.
I forgot to mention that I only trade US equities through them. I can't offer my opinion on other products, but my equity orders get filled within my system parameters, and at portfolio level, nearly simultaneously.
I've never had any margin or auto-liquidation issues with them, but I generally...
I think you're missing the point friend. I'm no cheerleader for them, but there is no broker on the retail side who can compete with their commission structure and provide the same capability in regards to order routing and back end structure. You have ZERO options.
It is what it is. The problem for retail algo traders is that you won't find a more capable broker routing algorithm or back end. They got you by the balls. Even smaller hedge funds are getting into their prime brokerage services.
I was just pulling your chain bud, but Level 2 was useful when markets were slower and you could manuallly scalp. Things move too fast now. You need programs.