What is the Mercedes Benz of trading software

tradersstudio.........buying someone else software is outdated business plan.

EXAMPLE: they just upped the price by $100 and will not have any more free updates................:)

TRADESTATION charting is the best out there for the money. (FREE except if you are a little creative and do a little (as in little bit) trading with them. Thus you get a real bargain for excellent charting and a backup order entry platform.

+ you get a forum (for coding help ), a chat room also for coding help. ..........:cool:
 
I wouldn't say it's an outdated business plan to buy someone elses software but Tradestation is definitely a good deal if you don't need portfolio-level testing.

For individual positions/charting, it's definitely the best deal in the business - particularly if you are an active trader. TS Research seems to have a good portfolio-level tester for TradeStation, but it doesn't offer the same level of tools that a TradersStudio does. I anticipate that Tradestation will eventually have these tools - it's just a question of whether they can keep up with optimization tools and other tools, and whether or not vendors such as TradersStudio can continue to innovate.

On the positive for TradeStation is definitely the large size of the userbase - you can definitely get answers pretty easily.
At the moment I use IB for my broker, but I'm definitely looking at Tradestation.
 
Quote from bighog:

tradersstudio.........buying someone else software is outdated business plan.

EXAMPLE: they just upped the price by $100 and will not have any more free updates................:)
More...

First we will continue to work hard to make TradersStudio the best trading platform on the market. Yes we do plan on raising our price but, remember that is only to $599.00 , other products like Trading Blox are $2999.00 for the version you could try to compare to TradersStudio. If we will where charging $2999.00 we would not be raising our prices.

In terms of free upgrades we gave our early customers about six free upgrades,and these where not just bug fixes but major feature rich upgrades. We do plan some type of upgrade system in the future , creating the best software cost money. Other companies also charge for upgrades and these minor upgrades are not major advances like each upgrade of TradersStudio.

In terms of TradeStation here is a link to another thread, TradeStation is not really free.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=69369&highlight=TradeStation+interest+rate

If you have $100,000 account using TradeStation it cost you about $4000.00 a year in lost interest on your trading funds. In addition as some of you have seen on this forum there are issues with data at TradeStation. The TradersStudio concept is you can use your own broker and your own data and get a software company who tries to improve their product since their business is software and not brokerage.
 
Quote from Murray Ruggiero:

First we will continue to work hard to make TradersStudio the best trading platform on the market. Yes we do plan on raising our price but, remember that is only to $599.00 , other products like Trading Blox are $2999.00 for the version you could try to compare to TradersStudio. If we will where charging $2999.00 we would not be raising our prices.

In terms of free upgrades we gave our early customers about six free upgrades,and these where not just bug fixes but major feature rich upgrades. We do plan some type of upgrade system in the future , creating the best software cost money. Other companies also charge for upgrades and these minor upgrades are not major advances like each upgrade of TradersStudio.

In terms of TradeStation here is a link to another thread, TradeStation is not really free.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=69369&highlight=TradeStation+interest+rate

If you have $100,000 account using TradeStation it cost you about $4000.00 a year in lost interest on your trading funds. In addition as some of you have seen on this forum there are issues with data at TradeStation. The TradersStudio concept is you can use your own broker and your own data and get a software company who tries to improve their product since their business is software and not brokerage.
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I purchase software all the time. I have no clue how trading software pricing goes, but I do think you should offer a full year of updates.

It is sort of the standard in the software industry to provide one year of free upgrades, but I also understand your business needs to be able to survive. So if you have to raise prices, then raise them.

Ultimately, the quality of your software, then customer service, and finally pricing will determine your value in the open market.

Good luck and I look forward to check out your software.
 
Quote from mbay:

I purchase software all the time. I have no clue how trading software pricing goes, but I do think you should offer a full year of updates.

It is sort of the standard in the software industry to provide one year of free upgrades, but I also understand your business needs to be able to survive. So if you have to raise prices, then raise them.

Ultimately, the quality of your software, then customer service, and finally pricing will determine your value in the open market.

Good luck and I look forward to check out your software.
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We first started selling TradersStudio in 2004 and have given free upgrades to all our customers ever since. We are not stopping free upgrades for everyone , just customers who have owned the product long enough to get several free upgrades. We have not yet decided on the cut off date.
We have had seven major upgrades with many new features during this time, all of them no charge. I agree that everyone should get at least 1 major upgrade, with many improvements not just bug fixes for free and we will continue to do that as well as offering bug fix upgrades when needed.
 
Quote from Murray Ruggiero:

We first started selling TradersStudio in 2004 and have given free upgrades to all our customers ever since. We are not stopping free upgrades for everyone , just customers who have owned the product long enough to get several free upgrades. We have not yet decided on the cut off date.
We have had seven major upgrades with many new features during this time, all of them no charge. I agree that everyone should get at least 1 major upgrade, with many improvements not just bug fixes for free and we will continue to do that as well as offering bug fix upgrades when needed.
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Excellent
 
Quote from Murray Ruggiero:

We first started selling TradersStudio in 2004 and have given free upgrades to all our customers ever since. We are not stopping free upgrades for everyone , just customers who have owned the product long enough to get several free upgrades. We have not yet decided on the cut off date.
We have had seven major upgrades with many new features during this time, all of them no charge. I agree that everyone should get at least 1 major upgrade, with many improvements not just bug fixes for free and we will continue to do that as well as offering bug fix upgrades when needed.
More...


Excellent
 
RE: Humpy's Post Below on 10-21-06 06:19 AM

I thought that I would approach the problem from a slightly different angle.
I emailed 2 reputable brokers, namely Interactive brokers and MB trading to see what software they would recommend to use with their FREE data stream.
I will let you know if they ever get around to answering.
------------------

Now this would be valuable info especially for us IB users, but I doubt you get an answer.


blue2and2
 
Quote from Murray Ruggiero:
If you have $100,000 account using TradeStation it cost you about $4000.00 a year in lost interest on your trading funds. In addition as some of you have seen on this forum there are issues with data at TradeStation. The TradersStudio concept is you can use your own broker and your own data and get a software company who tries to improve their product since their business is software and not brokerage. [/B]
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That's a great point Murray - I wasn't familiar enough with Tradestation to point that out. Makes me question the money I'm spending on IB for the first $10k of my account. Maybe I should move to MBTrading.
 
Actually, I just check with MBTrading and they offer the following:

On the question of MB Trading interest rates:

Money Market Rates: see below
Free cash is swept into a separate Scudder Funds money market account at the end of each day to earn a higher interest rate. If a specific fund is not selected when opening a new account, the highest average yielding fund (CAT MM Portfolio) is selected automatically. To switch between the available money market funds below, simply email support@mbtrading.com.

Scudder Fund Name Code 1 Day Yield
CAT Tax Exempt Portfolio ST 2.611%
Tax Exempt California¹ SA 2.603%
Tax Exempt New York¹ SY 2.589%
CAT MM Portfolio SC 4.233%
CAT Gov't & Agency SG 4.297%
ICT Treasury Portfolio SR 4.160%
Investors Florida¹ SF 2.607%
Investors New Jersey¹ SJ 2.633%
Investors Penn¹ SE 2.695%
Connecticut¹ SN 2.613%
Massachusetts¹ SS 2.496%
Ohio¹ SO 2.597%
Virginia¹ SV 2.524%
Reich & Tang RT 4.231%

Clearly not that good - the $10k may not make a difference if that is the best rate they can offer.
 
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