TradeStation

[1nd3x1nv3stor]

Hi,

I am new here and wondering if anyone out there is using (or used before or planning to use) TradeStation. Would you share your thoughts?

I am currently using E*Trade for my investing (mainly because of its Dividend Reinvestment, DRIP, facility) and Interactive Brokers for my trading (mainly because of its low cost).

Thanks for your help.

Index Investor

 

[alexchia01]

Hi,

I am new here and wondering if anyone out there is using (or used before or planning to use) TradeStation. Would you share your thoughts?

I am currently using E*Trade for my investing (mainly because of its Dividend Reinvestment, DRIP, facility) and Interactive Brokers for my trading (mainly because of its low cost).

Thanks for your help.

Index Investor

I uses Tradestation.

Disadvantages.

Tradestation has no office in Singapore, so your contact is directly with the US Sales Representative.

Opening account is a little bit more work, but their sales reps are quite experience with Singapore clients, they have courier service here that helps to deliver the documents.

The downside is that you need to TT your fund across the world, so there are some charges involved, mostly by the bank.

The data is not free, so you need to pay for data feed. There is also an inactive charge, you need to have certain amount of trades per month to wave this fee. 10 round trade per month to wave the fee. So if you are not an active trader, this may put you off.

Advantages

Tradestation has been around since 1982 and is one of US more reputable broker, used by some insitutions. Recognized by the exchanges.

It has one of the most flexible and powerful platform. (This is the main reason why I uses Tradestation) You can do wonders with their platform which many local broker software cannot. You can basically program the software to execute trades for you automatically. However, this software may take sometime to master.

It is also one of the most stable platform.

They are very transparent with their charges and fees. (I have encounter brokers, especially CFD providers, that have a lot of hidden costs that come out to bite me, where I least expected.)

I hope these help.

 

[ipaq4444]

I uses Tradestation.

Disadvantages.

Tradestation has no office in Singapore, so your contact is directly with the US Sales Representative.

Opening account is a little bit more work, but their sales reps are quite experience with Singapore clients, they have courier service here that helps to deliver the documents.

The downside is that you need to TT your fund across the world, so there are some charges involved, mostly by the bank.

The data is not free, so you need to pay for data feed. There is also an inactive charge, you need to have certain amount of trades per month to wave this fee. 10 round trade per month to wave the fee. So if you are not an active trader, this may put you off.

Advantages

Tradestation has been around since 1982 and is one of US more reputable broker, used by some insitutions. Recognized by the exchanges.

It has one of the most flexible and powerful platform. (This is the main reason why I uses Tradestation) You can do wonders with their platform which many local broker software cannot. You can basically program the software to execute trades for you automatically. However, this software may take sometime to master.

It is also one of the most stable platform.

They are very transparent with their charges and fees. (I have encounter brokers, especially CFD providers, that have a lot of hidden costs that come out to bite me, where I least expected.)

I hope these help.

are you using the 8.7 version or the latest one?
how do you find programming in tradestation language vs metastock?

 

[alexchia01]

are you using the 8.7 version or the latest one?
how do you find programming in tradestation language vs metastock?

I uses the latest version 9.1.

They uses a programming language called EasyLanguage.

I can't comment on the programming because I don't do programming.

You have to ask a programmer who knows how to use it.

 

[peterchan75]

Here is programming resource from Stock & Commodities Magazine.
TRADERS’ TIPS - January 2014
TRADERS’ TIPS - December 2013
Just change the year and month and you should be able to nevigate backwards. These are just code & brief description only. The source of the articles are available in the monthly S&C magazine to subscribers only.

I find all the charting softwares lacking the ability to manipulate ticker as an object.

 

[1nd3x1nv3stor]

I uses Tradestation.

Disadvantages.

Tradestation has no office in Singapore, so your contact is directly with the US Sales Representative.

Opening account is a little bit more work, but their sales reps are quite experience with Singapore clients, they have courier service here that helps to deliver the documents.

The downside is that you need to TT your fund across the world, so there are some charges involved, mostly by the bank.

The data is not free, so you need to pay for data feed. There is also an inactive charge, you need to have certain amount of trades per month to wave this fee. 10 round trade per month to wave the fee. So if you are not an active trader, this may put you off.

Advantages

Tradestation has been around since 1982 and is one of US more reputable broker, used by some insitutions. Recognized by the exchanges.

It has one of the most flexible and powerful platform. (This is the main reason why I uses Tradestation) You can do wonders with their platform which many local broker software cannot. You can basically program the software to execute trades for you automatically. However, this software may take sometime to master.

It is also one of the most stable platform.

They are very transparent with their charges and fees. (I have encounter brokers, especially CFD providers, that have a lot of hidden costs that come out to bite me, where I least expected.)

I hope these help.

Thanks, alexchia01.

Do you use TradeStation's chart for your trading/investing purposes?
Or do you use other software such as MetaStock, etc?

 

[1nd3x1nv3stor]

Here is programming resource from Stock & Commodities Magazine.
Just change the year and month and you should be able to nevigate backwards. These are just code & brief description only. The source of the articles are available in the monthly S&C magazine to subscribers only.

I find all the charting softwares lacking the ability to manipulate ticker as an object.

Could you share more on "lacking the ability to manipulate ticker as an object"?
Also, what is your opinion on programming capabilities and ease of use of TradeStation compared to others such as MetaStcok or eSignal?

Thanks in advance.

 

[alexchia01]

Thanks, alexchia01.

Do you use TradeStation's chart for your trading/investing purposes?
Or do you use other software such as MetaStock, etc?

Ya, I use TradeStation's chart only.

I don't use any other software.

Why you ask?

 

[1nd3x1nv3stor]

Ya, I use TradeStation's chart only.

I don't use any other software.

Why you ask?

I asked because the reason for me to look into TradeStation is its capability to customize its charting and programming to automate trades.
I am considering to use Interactive Brokers plus MetaStock or to replace them with TradeStation altogether.

 

[peterchan75]

Could you share more on "lacking the ability to manipulate ticker as an object"?
Also, what is your opinion on programming capabilities and ease of use of TradeStation compared to others such as MetaStcok or eSignal?

Thanks in advance.

Putting tickers into a table with various atttributes that users can do query using relational database. A simple example would be an excel pivot table.

I don't use Tradestation.

 

[ipaq4444]

I uses the latest version 9.1.

They uses a programming language called EasyLanguage.

I can't comment on the programming because I don't do programming.

You have to ask a programmer who knows how to use it.

9.1 should be consider as online and not installed version?
anyone have success stories of using tradestation on sql database data feed?

 

[alexchia01]

9.1 should be consider as online and not installed version?
anyone have success stories of using tradestation on sql database data feed?

It's an installed version.

 

[ipaq4444]

It's an installed version.

noted, for the eod data. do we need to pay extra for it or it is included as part of the account?

 

[alexchia01]

noted, for the eod data. do we need to pay extra for it or it is included as part of the account?

EOD data is free, but you have to ask TradeStation to be sure.

I don't use EOD Data.

 

[1nd3x1nv3stor]

noted, for the eod data. do we need to pay extra for it or it is included as part of the account?

EOD data is free. But you need live data to trade (you cant trade if you don't subscribe live data).
The cost is $3 per month for Level I data ($1 each for NYSE, NASDAQ, and AMEX).