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Old 01-17-2008, 09:35 AM
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Re: Tradestation: The good, the bad or the ugly?

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tim,
My feedback on your choices here:

TS - Great charts, junk order entry. Customer service is practically non-existent. Good luck if you need out of a trade and your computer is down. GREAT charts though.

XTrader - If you NEED the functions, worth the cost. I'm guessing you probably don't. NOT worth the extra cost in my opinion.

Ninja/Zen - as you said, gets great reviews but kind of costly in my opinion for what you get. If I was going to go this route, I'd probably consider something like Xtrader or T4 for the same costs.

Infinity - I personally never received a competitive commission quote. Take it for what it's worth.

Open ECry - I'm biased here since I trade here currently. Great rates, customer service and platform. The platform AND data are FREE. You can plug the data into other charting platforms if you don't like their package. Just an all around great deal for how competitive their commissions are.
Thanks for your detailled statement.

I just downloaded the OpenECry demo. Tried it before, but went on because they did not offer Tick or volume charts.

Do you use these kind of charts and what about time & sales? Did they implement it now? And does it work correctly (read some negative comments somewhere)?

In regards to Ninjatrader and X-Trader don't you think that NT with $50 is less expensive in comparison? Do you have other rates?

In general I'm searching for a good package with great data and order entry/modification (and execution of course), good charting (don't need fancy indicators, just working tick or volume charts) and the time & sales feature.

Of course fees and specially commissions play a decent role, but reliability regarding platform and brokerage are in first plays - don't get me wrong, I'm not the guy that is able to afford CQG...

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