Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

TL Staff


Recommended Posts

Hard to complain with its superior charting platform. Tradestation does offer top of the industry charting software with the ability to add custom studies and indicators. However datafeed is unreliable at times and execution is slow. Overall a good brokerage firm.

Share this post

Link to post
Share on other sites

Execution speed: sometimes you don't get filled. Many times you see significant slippage even with limit orders. If you trade odd lots, you will have more of a problem. I used TerraNova TradientPro before Tradestation and their execution for odd lots was much better than TradeStation.


Datafeed: You can get disconnected but the software does automatically reconnect. Sometimes the datafeed will get out-of-sync between the price you see on the level 2 time and sales window and the price you see on the candlestick chart.


Commission and fees: low cost if you trade enough shares to waive the platform fee of $100/month.


Client support: it'll take 24 hours to get a response to an email but the response usually does answer your question. Phone support isn't very good. The forums are not searchable unless you are running IE under Windows. In fact much of their website is unusable unless you login using IE under Windows. It'd be a much better product if their forums were more usable. Even when the search does work, you can't finetune so that it finds what you really want.


Overall: Its charting is very good. I used ThinkOrSwim and it frustrated me because its windows used too much screen real estate so you were very limited in how much you can put on your desktop. With Tradestation, you can use multiple monitors. You can also set up multiple workspaces. The workspaces are simply additional tabs on the desktop. Click the tab and you switch over to a different set of charts. That is great if you like to track lots of stocks and/or multiple timeframes.


If something better came along, I'd probably switch. But for now, I'm satisfied.

Share this post

Link to post
Share on other sites

I personally am not trading with Tradestation Securities so my review is strictly on a platform basis -- charting and data.


Having used Tradestation since it was TS 2000 and actually Super Charts before that I feel I've been with them through everything. When I first got data it came over my cable line -- no, not through a cable modem but literally a box that you installed that would enable it to get a datafeed without anything to do with the internet.


Of course this was inconsistent and most nights you had to download a complete dataset since you missed so much.


Then came (finally) the internet feed and TS 8. I can say that I've used almost every platform out there and couldn't see changing. I have uptime close to 100% - sure, it's not perfect but years ago I used to have to carry around a key to put on my system so remebering the old days certainly makes me appreciate what we have now. The charting is superior, there are numberous indicators and customization is more than possible.


If there was a downside I'd say if you don't trade with Tradestation they hit you pretty hard on the platform fee. And, it would be nice if the number of markets would be expanded - appreciate the Eurex (some) being added but if you want a real international lineup you won't get it here.


I like the new additions as well such as Range/Momentum bars and it's about time on that.


Overall, given I could use anything, I still find Tradestation is an ideal solution for me.

Share this post

Link to post
Share on other sites

I do a lot of programing, and I've found EasyLanguage to be very good for what I need. I transfered to Tradestation from another broker, and had to learn how the charting worked, but have been able to duplicate everything that I need. The data options that TradeStation has compared to my other broker are better, and it looks like the data is coming though more often.


The strategy testing in Tradestation is far superior to my last broker. So the charts are very good, the programing language is very good, and I like the data options. The Matrix trading ladder is good. The commision fees and the margin requirements are also better than my last broker. So I prefer TradeStation by quite a large margin compared to my last broker.

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Topics

  • Posts

    • GOLD SUFFERS MILD DECLINE FOLLOWING GROWING US-CHINA TENSIONS Gold (XAU/USD) dipped in the early Asia trading session on Monday as growing US-China tensions continue to influence demand on the safe-haven asset. Gold futures shed about 0.47% reaching a low of $1,724 just a few hours ago. The precious metal failed to hold on to its gains from last week’s session. Stocks, which are generally expected to move in the opposite direction of gold, were trapped in a bout of uncertainty with Chinese stocks suffering serious losses at the open of the session. According to reports, investors’ risk sentiment declined following China’s decision to formally table national security laws for Hong Kong and Macau as the National People’s Congress opened on Friday. This announcement caused citizens of Hong Kong to take to the streets in protest on Sunday. The protesters were met with heavy resistance from the police who fired water cannons to disperse them. The tension between the world powers escalated after Chinese Foreign Minister, Wang Yi, said on Sunday night that the US was nearing a ”new Cold War” with China following President Trump’s threat of ‘strong action’ should the proposed law be enacted. This threat was followed by the US Commerce Department blacklisting 33 Chinese entities on Friday. XAUUSD – Daily Chart Gold (XAU) Value Forecast — May 25 XAU/USD Major Bias: Bullish Supply Levels: $1,745, $1,763, and $1,797 Demand Levels: $1,722, $1,717, and $1,700 The XAU/USD was met with a soft decline to the $1,720’s level as projected last week. Gold has resumed on its upwards move to the anticipated $1,740 level. However, gold has to stay above $1,722 to confirm its bullish momentum. A break below that level could send the price down to $1,700 – $1,695 levels rapidly. Overall such reality seems very unlikely for gold in the time being.   Source: https://learn2.trade 
    • USD/JPY CONSOLIDATES BELOW LEVEL 108, BREAKOUT LIKELY Key Resistance Levels: 111.000, 112.000, 113.000 Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: Ranging The pair is currently in a sideways move between the levels of 110 and 108. The Yen was in an uptrend but it is facing resistance at level 108. The pair is on a downward move as a result of the resistance at level 108. The Yen may reach a low of level 106 if the selling pressure continues. USD/JPY – Daily Chart Daily Chart Indicators Reading: The 21-day SMA and 50-day SMA are sloping horizontally indicating the sideways move. The Yen is currently at level 51 of the daily Relative Strength Index. The Japanese Yen is still in the uptrend zone and above the centerline 50. The market is currently falling after resistance. USD/JPY Medium-term Trend: Bullish The USD/JPY pair is trading in a bear market. Recently, the Yen moved up but was resisted twice at level 108. On May 14, A bullish candle body tested the 0.382 Fibonacci Retracement level. As the bullish candlestick tested the 0.382 retracements, the Yen will fall and reverse at 1.618 extension level. This is equivalent to level 106. USD/JPY – 4 Hour Chart 4-hour Chart Indicators Reading The pair is below 80% range of the daily stochastic. This implies that the market is in a bearish market. This is a confirmation to the price action which is indicating bearish signals. The SMAs are also sloping upward indicating the upward move. General Outlook for USD/JPY The Japanese Yen is currently in a downward  move after falling from level 108. The market will fall to level 106.800 but if the selling pressure persists, the pair will reach the low of 106. Alternatively, the price will consolidates below level 108 for a breakout. Source: https://learn2.trade 
    • Descartes     it appears all the lab rats have been killed in here.  can't you just order some more?
    • what % of lab rats can handle this https://off-guardian.org/2020/05/19/10-steps-to-turn-a-pandemic-into-the-brave-new-normal/ ?
    • There is no point asking this question as we know women have now entered most of the fields of business. You might remember this ball busting study which found that women make better investors than men, because they are more risk-averse. 
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.