[ym] Looking to Demo Trade YM

[ricky 10]

Hey guys,

 

New here. Found this site after searching on google to find out more about emini. Spent a few hours reading on here already.

 

Now I have been trading forex for about 2 years but would like to move into the work of trading the emini. I want to be able to trade it on a tick chart. Can anyone recommend a charting software which I can backtest my strategy (manual) and be able to demo trade until I feel I can get good at this? the cheaper the better. I tried ninja trader + zenfire but it doesn't go far back enough.

 

thanks in advance!

[brownsfan019 17]

Open ECry has a nice platform that includes data - however, there is not a ton of historical data provided. For live traders it is free - platform and data - so that is nice, but you may need more data than what is provided. You can plugin eSignal data into OEC as well for additional data. It'd be nice if OEC had an option to purchase more back data, but that is not available currently.

[WorldTrader 10]

I have found that Ninja Trader is good for backtesting and you can get a free demo for many months. Just google free ninja trader demo. There are many good brokers that will give you live data for free. I don't want to mention any of their names. I think they have good historical data. In addition, if you find a good broker, the often will give you a ninja license so you don't have to buy one, if you trade with them. I hope this helps.

I love trding the Eminis and like the NQ over the YM. It moves more and faster and they are both worth $5 a tick.

[cuttshot 11]

Ricky,

 

I use Tradestation for all of my charting. There is a fee to use Tradestation however once you start trading live the monthly fee can be waived if you place 10 trades per month. I am able to do this in the first couple days of the month. In my experience their charting platform is right up there with the best.

 

Along with tick charts you might want to take a look at range charts as well. I have just started using range over the past few months and really like how smooth they can be at times.

 

I would also agree with an earlier comment on trading the NQ over the YM. The NQ has been moving great lately. More volatility on this market and you still have your $5/tick. Take a look and let me know what you think. I have been able to get done in the first 30 minutes of the equity session just about every day over the past few weeks.

 

Cuttshot

[ricky 10]

hey guys thought i'd update.

 

i tried the open e cry system which is easy to use. unfortunately only about 2 days of historical data which just isn't good enough for me.

 

I then signed up for esignal and I absolutely hated it. infact I hated it so much I told them to cancel it within 8 hours of having it.

 

next comes tradestation. got it early last night. so far impressed. plenty of historical data.

 

tradestation is 250 for the platform + 10 for cbot emini charts. unfortuantely becuase I'm in canada and tradestation does not accept canadian clients I will have to continue to pay 260 a month. not a big deal as long as it gets the job done.

 

if you think about it whats 260 a month when one trade can make or lose you 1k+

[ricky 10]

well i tried esignal and absolutely hated it. i canceled it the same day I got it. cost was 125 + 15 for cbot emini.

 

i now have tradestation. so far I am liking it. cost is 250 for the platform + 10 for cbot emini. they don't accept canadian customers for brokerage so I will have to continue to pay 260 a month.

 

anyone have experience trading futures with optionsXpress?

[cuttshot 11]

I think you will find that the 260/month you pay for tradestation will be well worth it. If this is the extent of your expenses to run a business I would consider it very minimal. Like you said one winning trade will pay for this fee.

 

I have not used optionsXpress to trade futures. You might want to take a look at Interactive Brokers. They offer a universal account which might come in handy down the road as you consider different markets.

[ricky 10]

I think you will find that the 260/month you pay for tradestation will be well worth it. If this is the extent of your expenses to run a business I would consider it very minimal. Like you said one winning trade will pay for this fee.

 

I have not used optionsXpress to trade futures. You might want to take a look at Interactive Brokers. They offer a universal account which might come in handy down the road as you consider different markets.

 

thats exactly how I look at it. cost of running a business. i don't mind paying for a useful product. :missy:

[brownsfan019 17]

hey guys thought i'd update.

 

i tried the open e cry system which is easy to use. unfortunately only about 2 days of historical data which just isn't good enough for me.

 

You can plug eSignal data into OEC. Could be a cheaper option than TS.

[ricky 10]

oec is just a 2 week demo!

[brownsfan019 17]

oec is just a 2 week demo!

 

Ask nicely and they may extend it.

 

Otherwise I think it's $25/mo for it.

 

Not sure what eSignal charges for data, but if it's less than what TS is charging, then could be an option.

[TraderWill 11]

You really can't go bad with Tradestation. If you are commited to backtesting your strategies before putting real money on the line, TS gives you boatloads of historical data to play with. As mentioned earlier, it may seem expensive but if it helps you trade with confidence you'll easily cover the expense with just one or two good trades.

[pickone 10]

Im so new to trading i havent traded yet, but i have been doing some research and found EMINI Trading Strategies to be easy to understand , and pro indicator 2 charts. although pricey , rather easy to understand. did anybody new out there check the guys out or maybe bought there sys.

[WorldTrader 10]

Pick,

I have not heard of them. How much is their system? Do they have a free trial? Do they have live trade rooms to learn it? What is their Win rate and typical R to R on their trades? These are some of the key questions to ask.

[cuttshot 11]

Pickone,

I have not used them either. When looking for a system make sure you find one that works on multiple markets and time frames. Markets will change over time and you want a system that can adapt to those changes. If the system is locked in to one market and one time frame you will most likely struggle to see consistent results over time. As a result you will find yourself looking for a new system whenever you consider a different market.

[EminiTradingCoach 10]

Think or Swim's On Demand is an awesome backtesting application. I highly recommend it. There's also Stock Reflex.