Trading Software for active traders (Futures/Equities)

You have it correct, unlike anyone else I've used almost all of these, and have used all of the ones that work including TT and CQG which you can say are more institutional grade, but CQG is a bit unique how it works and TT is Futures based but they work with per second datasets well, along with Tradestation and eSignal platforms.

You can actually get Metatrader to work with per second data on MT4 and MT5 but for order execution and initial analysis, it doesn't work well with detailed analysis where you need the institutional platforms to confirm trade setups to increase the probability.

The main problem we had was point 2 (Speedy with lots of small charts on the screen / ability to link them) to be able to draw charts and move to another machine with the same drawings loaded, have 250,000 data points across all the charts updated in realtime, the ability to change all chart instruments in one click, and auto rotate.

You may find one in a platform but not all of them, so we had to build it ourselves, for point 3 use Parallels if you have a good mac, or you can just use a windows VPS and remote desktop in to it, there are advantages including being able to monitor across devices, screen dimensions stay fixed, and the most important to be able to pinch zoom, you truly have no idea how much it changes your decision process making you more profitable.


but is there a holy-grail?

cahrting and analysis aside, i want a platform that allows me to see lots and blocks, and let me choice which one to exit, rather than bland into cost averaging.
 
Hi there Faire,

Thanks for the suggestion. I'd like to keep my broker if possible (Sweet Futures), great customer service if you need it. Infinitely ahead of IB. I am strictly trading Asian futures (mostly Hong Kong futures but sometimes Osaka Nikkei225) which very much limits broker and platform possibilities. IB has excellent global coverage but their margins are terrible, costs are OK but not great, and customer service is atrocious.

Ninja is one that I've never tried seriously. I dabbled with it back in the old days before they became a brokerage but that was really just because I wanted to see their DOM. I hear ya on the point that every platform has issues, but as you can see in my Motivewave screen above - this is not just a platform quirk, this is a huge huge problem.

With kind regards,
MK
 
Hi there Faire,

Thanks for the suggestion. I'd like to keep my broker if possible (Sweet Futures), great customer service if you need it. Infinitely ahead of IB. I am strictly trading Asian futures (mostly Hong Kong futures but sometimes Osaka Nikkei225) which very much limits broker and platform possibilities. IB has excellent global coverage but their margins are terrible, costs are OK but not great, and customer service is atrocious.

Ninja is one that I've never tried seriously. I dabbled with it back in the old days before they became a brokerage but that was really just because I wanted to see their DOM. I hear ya on the point that every platform has issues, but as you can see in my Motivewave screen above - this is not just a platform quirk, this is a huge huge problem.

With kind regards,
MK

I understand.

The one software that comes to mind then which I don't believe was mentioned yet would be MultiCharts. I know a guy or two who's a happy customer, but I don't have any experience with it myself.

LinnSoft Investor RT also seems like a very interesting software, particularly with the possibillity of some statistical studies which I tend to like, but I don't have any personal experience with that one either.

Best of luck.
 
Hi there Faire,

Thanks for the suggestion. I'd like to keep my broker if possible (Sweet Futures), great customer service if you need it. Infinitely ahead of IB. I am strictly trading Asian futures (mostly Hong Kong futures but sometimes Osaka Nikkei225) which very much limits broker and platform possibilities. IB has excellent global coverage but their margins are terrible, costs are OK but not great, and customer service is atrocious.

Ninja is one that I've never tried seriously. I dabbled with it back in the old days before they became a brokerage but that was really just because I wanted to see their DOM. I hear ya on the point that every platform has issues, but as you can see in my Motivewave screen above - this is not just a platform quirk, this is a huge huge problem.

With kind regards,
MK

What's heng seng tech index? Is it available outside HK? @MidKnight
 
Maybe its because CQG would actually work properly. All these reasonably priced programs are filled with bugs. Just started a trial of MotiveWave, complete garbage. Can't even get bid/ask volume assigned correctly. CQG live account data feed. Every single T&S record is 100% opposite to what it is supposed to be. The MotiveWave support guy tries to tell me this is likely specific to Hang Seng - NO it is not, I am comparing it to jigsaw of which I am watching live in the DOM and Jigsaw is doing it right. Plus does the support rep really think a company like CQG would get this wrong? Decades as a data specialist...

My STRONG recommendation is to run from MotiveWave.


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I never had any issues with Motivewave and i have been using the platform for quite some years now.

If it always is the exact opposite i assume there should be another, logical explanation, maybe something to do with settings or what not.

Can you make some new screenshots later this week, whenever you have time, comparing both the Motivewave T&S windows and the Jigsaw T&S windows, preferably in a way so that the Jigsaw T&S also displays if it was a bid or ask trade instead of just a colour scheme?

I have tried to find public T&S information on this index like CME has for their futures, but couldn't find it.
 
I never had any issues with Motivewave and i have been using the platform for quite some years now.

If it always is the exact opposite i assume there should be another, logical explanation, maybe something to do with settings or what not.

Can you make some new screenshots later this week, whenever you have time, comparing both the Motivewave T&S windows and the Jigsaw T&S windows, preferably in a way so that the Jigsaw T&S also displays if it was a bid or ask trade instead of just a colour scheme?

I have tried to find public T&S information on this index like CME has for their futures, but couldn't find it.

Hi there,

No, I cannot do this anymore my free trial with motivewave has expired. The only thing I ever managed to do during the free trial was learn their bid/ask volume assignment with CQG data is 100% wrong.

Seeing the discrepancy is easy. Set up a T&S from two separate platforms - use a platform that you know already works right and use that as your baseline for comparison. When I moved to jigsaw a year ago, I compared it intensively to Sierra and was satisfied with its accuracy. Jigsaw was more accurate than Sierra, which would inconsistently assign volume as bid/ask volume if it was pulled. You could see this happen in Sierra with their own DOM versus their own footprint. It was this alarming inconsistency that prompted my moving away from Sierra. But I digress. Just set up a T&S from two separate platforms with the same data feed (CQG on motivewave is question here) and be sure to have them both filtering trades to a lot size that is high enough as to not overwhelm your comparison.

The colouring in my screenshot is perfect to decide if it was a bid/ask trade. I mean that is the entire logic to assign the colours....

With kind regards,
MK
 
CQG data is 100% wrong.

I am sticking to my opinion, if it is 100% wrong there is most likely another explanation such as some wrong settings for example, a bug wouldn't be 100% wrong, it would be buggy and not the exact opposite ... and if it was a bug in the platform the other users, including me, should also experience it, which isn't the case.

And yes, you might think your colouring is "perfect", but your "perfect colouring" doesn't eliminate a wrong setting. Eliminating possible errors is the entire logic of figuring out what causes it ...
 
what settings can you have? The colour is for bid / ask trades. Set the exact same size filters in my screenshot.....Also I never said CQG data is 100% wrong. I said that motivewave WITH CQG data is showing bid / ask trades 100% wrong. Of course a bug can be 100% wrong, that is an absurd statement, sorry to say that man, but its absurd. I was a software developer for a career. A bug just means the software is acting incorrectly, of which it can be logic related or a host of any other issues.

You are using CQG data? Have you put the small effort in to verify the T&S is correct with CQG data source? And you mention the CME, so I will assume you are trading USA products at the merc. Unusual you would use CQG on that product as most people in that product want MBO.
 
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What's heng seng tech index? Is it available outside HK? @MidKnight

Hang Seng Tech is available on HKex just like all their other products. There are no geographical restrictions to access it however not all trading platforms can be bothered to add the symbol and some brokers may not have access to it.
 
what settings can you have? The colour is for bid / ask trades. Set the exact same size filters in my screenshot.....Also I never said CQG data is 100% wrong. I said that motivewave WITH CQG data is showing bid / ask trades 100% wrong.

You are using CQG data? Have you put the small effort in to verify the T&S is correct with CQG data source? And you mention the CME, so I will assume you are trading USA products at the merc. Unusual you would use CQG on that product as most people in that product want MBO.

A lot of futures traders trading CME products are using CQG ... :banghead::rolleyes: nothing unusual about it at all.

And yes, I verified it in my platform and it works fine, that's why I said neither I nor anyone else seems to be having the same problem since I can't find any mentions of it, meaning, whether you like it or not, that the issue is most likely at your end, otherwise others would be having the same issue.

Assuming you used an up to date version of the platform and not a very old or beta model I have established Motivewave in combination with CQG is NOT the issue.

Edit: by the way, your colour scheme in Jigsaw proves absolutely nothing, for all we know you have selected the colours the other way around ... That's why i asked for new screenshots with confirmation of bid/ask ticks on Jigsaw.

Since you have access to the exchange, can you download the tick and level 1 data from the time you displayed in your screenshot and post it here?
 
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