[tim4]

Related to the question of best contracts is one about best brokers. I use tradestation and seem to get decent fills, which is very important when trading ES. But I hear that since they clear through another house (RJ Obrien) that that can slow the process a little. I like their charts and the matrix trading platform.

Anyone have any comparisons?

[Bird of Fire]

Originally Posted by tim4 »

Related to the question of best contracts is one about best brokers. I use tradestation and seem to get decent fills, which is very important when trading ES. But I hear that since they clear through another house (RJ Obrien) that that can slow the process a little. I like their charts and the matrix trading platform.

Anyone have any comparisons?

I also used TS but dropped it for Ninja/Zenfire which is faster and is server to server direct. The trading strategies options are also out of sight. I still use TS charts--Ninja's are lousy.

[tim4]

Thanks. I'm not familiar with server to server term; what is TS? And is Ninja enough faster to warrant the hassle of switching over? Also, I do like the ability to see the order lines on the charts; I only wish you could trade from the TS charts by moving the lines directly.

[brownsfan019]

Originally Posted by tim4 »

Thanks. I'm not familiar with server to server term; what is TS? And is Ninja enough faster to warrant the hassle of switching over? Also, I do like the ability to see the order lines on the charts; I only wish you could trade from the TS charts by moving the lines directly.

FYI - you can 'trade from the chart' with Open ECry as well.

[Bird of Fire]

Originally Posted by cooter »

Unfortunately, the OpenECry OEC Trader simulator is one of those that is so "loose" that it triggers limit orders as if they were "market if touched" orders.

Pretty poor and shoddy implementation, IMHO. It suckers newbies into thinking that real world trading would match this performance - which, of course , it won't.

I did like the Transact AT simulator (same as Infffinnity) since they actually recognized this limitation and made certain that it either trades thru the level on the sim or sits in the queue for a period of time.

Your real-world expectations and experience may vary either way.

I find NinjaTrader's sim mode very conservative and probably the most realistic to live trading. In fact, I have entered orders simultaneously--real and sim--and the real get filled before the sim, so if you're having success in sim, you will have more in real mode.

[bunkerdoo]

I have a related question, namely slippage. What would you say is a reasonable value in terms of ticks to attribute to slippage on each of ES, NQ, ER2 and YM
Is 1 or 2 ticks satisfactory when designing a system?

In a word, yes.

[Bird of Fire]

Originally Posted by bunkerdoo »

I have a related question, namely slippage. What would you say is a reasonable value in terms of ticks to attribute to slippage on each of ES, NQ, ER2 and YM
Is 1 or 2 ticks satisfactory when designing a system?

Design a system that only uses limit orders and slippage isn't an issue.