Tradestation: The good, the bad or the ugly?

[bullrider]

Anyone here use or have any comments on RML ? I'm thinking about setting up an
additional account and they are under consideration. I use QT for my charting and
they are compatible. Not really into the trading software programs since I don' t really day trade or scalp.Just good charting capabilities.
I'm a big Suri Duddella fan, and even though I believe he uses TS, I don't really care for it.

Thanks.

[Tasuki]

Folks, I just tried to use Tradestation's new matrix with its long-awaited sim-trading. My advice--don't touch it with a ten foot pole. Reasons:
1) the buttons for buy/sell/OSO/OCO work SOMETIMES. Obviously unacceptable. Twice I was in a trade and clicked the "sell market" button, and it just failed to work. I was on the phone at the time with Tradestation tech support, and they couldn't provide any explanation. Actually, I think I can---Tradestation has overbuilt the matrix, and the coding for it is antiquated and convoluted, making it prone to errors.
2) The OSO function failed to work one time out of three. Obviously unacceptable.
3) The Trademanager window turned strange colors for no reason. At one point, the entire window turned magenta. TS tech help could not explain. Their only answer was to say that the window had become corrupted and told me to delete that window and create a fresh one. That was also their answer for the errors in the matrix.
4) This one is unbelievable, but it happened while I was talking to TS techs---the matrix put me in a live trade in the symbol SPY when I was supposed to be in "sim" mode and, unbelievably, I hadn't even touched the matrix. I think I've figured this one out as well---the new matrix is so slow that the instructions I was following from the TS techs were stored in the computer and executed several minutes later.
5) This brings me to another problem---the new matrix, with its sim feature, is so complex that it slows down your entire computer, even moreso that it did before. I've got a screaming fast computer, but admittedly I have several dozen charts in multiple workspaces. Prior to the new build, TS 8.3, build 1631, I noticed a tiny amount of slowing in very fast markets, but now the slowing has quadrupled. Actually, it's probably more like ten times slower.

Altogether, I recommend using Tradestation for charting, which is (IMHO) the best in the business, but I'd strongly recommend placing your trades elsewhere. Like so many people on TradersLab, I recommend Infinity brokerage and their Infinity AT platform. Fast, reliable, elegantly simple.

[jjthetrader]

Thank you for the update. A lot of folks are having TS problems lately. Seems their new builds are reaking havoc.
Older builds still work as well as they ever did. A lot of folks are still on 8.2 because of it.

[waveslider]

Newer release is evidently problematic, but I think your issue is sim-related, Tasuki..

I use OCO orders real time all day and they work as they should.. TS is as good as any unless you require something intricate.

[Jaronimo]

I use TS and have not had any problems at all. ( and I better not have just jinxed myself by stating that fact ) I have used the simulator, its seems to work great too. I cannot comment on how good the platform would be for scalping, I just don't need to trade that much with my edge. I looked back and the most trades I have ever done in a single day was 13. But I was trying something, so that accounted for more trades than usual.

I also do not trade all day. Usually from about 7:30am EST to about 11:30am. So I cannot comment on problems that may happen at lunch or near the close. I also trade in two separate accounts on different PCs and neither has had any issues. Maybe I am just lucky?

[Oli]

Hi,
some people have posted their experiences with their brokers in this post - very very nice!

Could I ask anyone who has an account at Velocity to tell me what their experience there is? I am thinking of swapping from IB because my current software set-up is simply stupid: data from esignal, charting and analysis with NeoTicker, order entry with NinjaTrader and account management with IB Trader Workstation - five core programs all running at once on two datafeeds... receipe for disaster.

I love the idea of ninja plus TT - so anyone who can tell me about Velocity, much appreciated!

[Blu-Ray]

Oli

You'd be better off starting a new thread enquiring about Velocity rather than sticking it a Tradestation thread that's a few months old, as anyone who doesn't have TS will just bypass this thread altogether.

Hope this helps

Blu-Ray

[duir]

Well, right today I´ve contacted TS to open an account, but after reading all this massages I think I better change my mind.

Could anyone please help me to find a good broker service for equities(stocks), not futures?

I´m looking for a very fast entry order broker, in order to scalp, and I need tools like the TS Matrix. Resuming: Any equity broker that offer fast order execution, data stability and a good trading tool like the TS Matrix.

Please help me.Thanks in advance.