What is important in a trading platform?

[Mtrader]

I haven't read the full description of what your button does but in TradeStation you can create buttons to do anything you can write hooks for ...and any size you desire.

mybutton=button.create("button text label", button width, button height");

The button I speak about is in the application Firetip from one of my brokers where I can place orders.
Not in the charting software programs.

 

[dartmus]

The button I speak about is in the application Firetip from one of my brokers where I can place orders.
Not in the charting software programs.

Everything in the window below can be changed. The window itself can be changed to any size desirable or converted to a horizontal rectangle. The buttons and all the other controls in this window can be resized and relocated... or eliminated in favor of controls that are hooked to other tasks.

 

[Mtrader]

Everything in the window below can be changed. The window itself can be changed to any size desirable or converted to a horizontal rectangle. The buttons and all the other controls in this window can be resized and relocated... or eliminated in favor of controls that are hooked to other tasks.

View attachment 168281

Yes, but does this work in firetip too?

 

[dartmus]

Yes, but does this work in firetip too?

only TS

 

[Robert Morse]

What to me is very important is that the buttons you click on (like Buy Market, Sell Market, Buy Bid, Sell Bid, Cancel all, Reverse...) should be BIG ENOUGH.

One of the platforms I use (Firetip) has very small buttons leading to wrong trades as I sometimes click the wrong button as they are very small. I don’t understand how they could make these buttons so small.

Size of the buttons is 28 mm wide and 4 mm high!!!! it is each time a big job try ing to click on the correct button, especially if I have to be quick. And they call it a PROFESSIONAL platform??????

Lightspeed Trader is only for equity/option trading, no futures, but one of the many positive attributes is just how much you can customize. That said, the BUY and SELL buttons are quite large to start with but you can't adjust the size.

 

[BearRunner]

Even the best trading platform in the world ninja-trader

That's a joke, right.....?

I regularly watch NT demonstrate a VISIBLE delay of order execution fills when running on the exact same computer, exact same internet connection, at the exact same time running SC doing the exact same order execution.

 

[alfa8]

At this point I am interested in the disconnect.
I have worked with building (mostly extending existing) trading platforms for "professional" traders, ie traders working for investment banks and private banks, for about 10 years. There seem to be a disconnect between the platforms the retail traders use and the platforms the pros use.

I understand that the usage is very different, eg a retail trader would never flow trade or market make, but the overlap should be bigger. I am trying to understand why the (from my perspective) overlap is so small. If I would have blindly guessed, it would me quite a lot bigger.

I do not mean to say that users of your system are not pro but in the banks I have worked, they typically use Front Arena, Murex, Summit or ORC. Really not interested in trying to compete with those guys. Thus, building my own platform is not in scope at this moment, I do not have the time or the funding to put in the thousands of hours required to do it right. I might, depending on if I come to understand the disconnect, build my own module for either a retail platform or a professional one.

/Peter

hi Peter; PNL is key. if the platform enables me to make money; then it will be the holy grail; even if it's written in cobol.

 

[Robert Morse]

even if it's written in cobol.

I'm old enough that I tooK BASIC, FORTRAN and then COBAL (At NYU-78' to '82). COBAL was much harder and we used punch cards.

I agree. The trading platfrom is just a tool that helps you execute your strategy and monitor risk. It does not make you money. With that said, some make it easier than others and allow you to focus on your strategy. I think it is very important to use one that fits your needs, that is why we offer a variety of choices of both platforms and routes. There is no BEST for everyone.

 

[alfa8]

Take for example; MetaTrader platform for Forex; it has a large user base; and large number of free strategies (aka Expert Advisers) available on the web. It's a perfect platform for a beginner; as it offers the chance of evaluating existing strategies.

even indicators; almost any indicator is available for free in that platform.

 

[GiantDog]

That's a joke, right.....?

I regularly watch NT demonstrate a VISIBLE delay of order execution fills when running on the exact same computer, exact same internet connection, at the exact same time running SC doing the exact same order execution.

Which data feed? I assume by "SC" you mean Sierra chart?