TradeStation Securities announces new commissions

I don't want to turn this thread into an IB scalping tutorial, but quite simply, if you already know the stock you are going to trade(scalp) its trivial to set up the buy/ sell in advance (limit or market order), with prices. With hotkeys, you can change prices very quickly, and then execute with a single keystroke.

Don't want folks thinking high speed scalping can't be done on IB, 'cause that's just plain wrong.
 
Originally posted by stock777
I don't want to turn this thread into an IB scalping tutorial, but quite simply, if you already know the stock you are going to trade(scalp) its trivial to set up the buy/ sell in advance (limit or market order), with prices. With hotkeys, you can change prices very quickly, and then execute with a single keystroke.

Don't want folks thinking high speed scalping can't be done on IB, 'cause that's just plain wrong.
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Yes, if you are scalping ONE highly liquid stock all day, then IB could indeed do the job... but if you are trading stocks on the fly (with differential volatilities), and you are gauging the Level 2 dynamics, order routing and executing, all 3 within seconds, then IB just won't cut it... I know this because I am actually an IB client too (but I only use it for swingtrading)...
 
For scalping, could I ask what order routing you would use on IB?

If you're trying to get the inside price, how do you know what ecn or MM is there, so you don't get filled at an outside price?

Thanks for the reply in advance.
 
dont agree.i have ts and and i also have raven quote.raven costs me 180 a month and ts is free.still i use raven with ib because ts charting ect seems so lame next to raven.the ability to scan a whole quote sheet of stocks and the color studies\signals that raven has plus the ability to easily program any kind of formulas make ts seem like it was designed 5 years ago and just forgotten as far as upgrading.
ts knows the linking issue is a non strater for most pro trades and still they refuse to fix it. makes me wonder if these guys have any clue what traders need or want.
maybe they should get on this board and get ideas to fix their product.im sure if they listened to us and implimented some of the ideas they could have a competing product.after all they should have the programing talent available after all these years.
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Yes, yes, and yes.

I developed software for several years and was part of writing "simulators." I am a TS user since 3.0. I like quite a bit about the new TS6, but they are still stuck in their old source code.

I tried raven and was impressed with it - definetly written by people that understood how pros trade (all these charts are nearly worthless.) I stoped using it because the QCharts datafeed was nearly as bad as the IB datafeed.

I heard that Matt G went to E-Signal. I am beginning to see some of his old stuff making it into their software. I would not be surprised to see a _VERY_ powerful E-signal software in the near future. This, coupled with their "good" datafeed will really be worth using.

Have you seen wealth-lab? This is also very good. I sent some comments to the coder and he was very enthusiastic about them. Definetly worth keeping your eyes out for them

nitro
 
You've seen this, right?

http://www.tradestation.com/aboutus/letter.shtm
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Yes, thx, I've seen it (in fact, I started a thread on it.)

RadarScreen would solve _ALL_ of my problems if instead of just displaying a quote and doing simple alerts, it allowed me to do everything I can do to a chart. Now, instead of having to have ten million workspaces open, each duplicating the info on another workspace, and in the meantime, taking all this valuable screen space (I am up to six monitors and a laptop already) I can see everything I need to see with one or two fields to the right of the symbol on the RadarScreen.

If Omega would just use the Model View Controller pattern, this would take about a day of coding.

nitro
 
I presume you've sent your suggestion to them?

Are you running 2000i or running TS6 off the TS datafeed alongside Radar off some other? Any problem with running 2000i or Radar off one datafeed alongside TS6 and its own (on the same system/connection)? Could solve some remaining problems if practical, at least until the promised upgrade arrives (and turns out to work)...
 
I presume you've sent your suggestion to them?

Are you running 2000i or running TS6 off the TS datafeed alongside Radar off some other? Any problem with running 2000i or Radar off one datafeed alongside TS6 and its own (on the same system/connection)? Could solve some remaining problems if practical, at least until the promised upgrade arrives (and turns out to work)...
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Buhumbug, those guys don't listen, they aggregate what _MOST_ people want and code that - my suggestion is one that would not only make their program more powerful to the pro, it would allow them, if they implemented the change correctly, to increase their productivity by 300% because changes would now be trivial - to speak of less error prone.

I own TS200i platinum. I gave up on that when I had to use Dynastore to get QCharts quotes which stank. Same problem with Raven, and same problem with IB.

It seems that, unless I roll up my sleeve, I can't get _ONE_ provider that can give a total, polished, complete trading package and datafeed. Actually, I think Wealth-Lab has a shot because I believe that it is run by one or a few guys, and they _LISTEN_. They also seem to support losts of datafeeds. And as I said, Matt G is now with e-signal - I expect good things from this synergy as well.

nitro
 
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