[Precision]

I am using a trading system in Multicharts OR Tradestation2000i OR Tradestation8 and need to get this to interface with Ninja trader, so that I can have this system trade automatically with Futuresbetting.com.

I want to use multicharts OR Tradestation with Ninja Trader to execute trades.
The problem is Multicharts uses the format (DDE:SPZ) but Ninja Trader does not recognise the colon as Ninja Trader requires format (SPZ) therefore the symbol cannot be mapped.

Note: I know Multicharts interfaces with Interactive broker, but I cant use them because its taxable and futuresbetting is tax free spreadbet.

Can anybody help?

[bakrob99]

Originally Posted by Precision »

...
Note: I know Multicharts interfaces with Interactive broker, but I cant use them because its taxable and futuresbetting is tax free spreadbet....

Why do you think Futuresbetting.com is Tax Free ? I worry more about making proftable trade decisions, and I'm quite willing to pay tax on earnings. To my way of thinking , you already have your answer.

[Harlequin]

Originally Posted by bakrob99 »

Why do you think Futuresbetting.com is Tax Free ? I worry more about making proftable trade decisions, and I'm quite willing to pay tax on earnings. To my way of thinking , you already have your answer.

That's a UK tax regulation, but usually the disadvantages of spread betting (wider spread) outweigh the tax advantage.

[Precision]

Thanks, but its not what I asked. Spreadbetting save the tax bills and futuresbetting is tax free. I need specific input about the interface. If you make small profits, then sure normal taxed trading is ok, but as more profits are made then spread betting pays off. Ive done the maths already.

[BlowFish]

Originally Posted by bakrob99 »

Why do you think Futuresbetting.com is Tax Free ? I worry more about making proftable trade decisions, and I'm quite willing to pay tax on earnings. To my way of thinking , you already have your answer.

As Harlequin pointed out in the UK spread betting is tax free. Though as for whether the spreads out weigh the tax benefits that depends on a variety of things. Unless you are a scalper probably not though.

Futresbetting have (up to now) a rather unique model. They offer direct market access in a spread bet 'wrapper'. This has the advantages of DMA and the tax incentives (for UK residents) of spread betting. The only down side is that the fees are a little steep compared with a regular no frills broker.

Precision your best bet (pardon the pun) is probably NT / MC support/forums. Dosen't NT support ascii file monitoring for trades? You could use easy language or power language to manipulate the string before writing to a file maybe?