Is tradestation the only one? | Forex Factory

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Is tradestation the only one?

  • #1
  • First Post: Jun 8, 2007 6:04am Jun 8, 2007 6:04am
Is there any other software that can actually read "easy language" code?

I have all the code I need for my strategy written and ready to go.. but its in easy language

A member of this forum so kindly offered to convert the code so that it can be used in metatrader, but I also want to trade stocks and possibly futures with my strategy
  • #2
  • Jun 8, 2007 6:07am Jun 8, 2007 6:07am
Not that I'm aware of.
  • #3
  • Jun 8, 2007 6:29am Jun 8, 2007 6:29am
Quoting superdezign
Is there any other software that can actually read "easy language" code?

I have all the code I need for my strategy written and ready to go.. but its in easy language

A member of this forum so kindly offered to convert the code so that it can be used in metatrader, but I also want to trade stocks and possibly futures with my strategy
Multicharts can read EL. However, you need to get a separate data service, and while it has more features than TS, some people complain that it is still "beta" (ie: buggy as hell).
  • #4
  • Jun 8, 2007 6:35am Jun 8, 2007 6:35am
Quoting bluebuddha
Multicharts can read EL. However, you need to get a separate data service, and while it has more features than TS, some people complain that it is still "beta" (ie: buggy as hell).
Wow thanks.

what does this mean though:
"If you do not subscribe to a real-time data service, you can still use MultiCharts with Free Quotes or ASCII data."

Are free quotes delayed data? Do you know what brokers will allow you trade off this platform?
  • #5
  • Jun 8, 2007 6:44am Jun 8, 2007 6:44am
Check Ninja Trader. I have never used it but I have heard of a few people that use it for forex and futures.

1 question – Why don’t you just use TradeStation?
  • #6
  • Jun 8, 2007 6:45am Jun 8, 2007 6:45am
Quoting mikehabit
Check Ninja Trader. I have never used it but I have heard of a few people that use it for forex and futures.

1 question – Why don’t you just use TradeStation?
im 19.. they wont let me


how much is ninjatrader? can i use Easy language with it?
  • #7
  • Jun 8, 2007 6:49am Jun 8, 2007 6:49am
I don’t know much about ninja trader but here is the link. http://www.ninjatrader.com/webnew/index.htm. It looks like they have a simulated platform demo if you want to test it out.
  • #8
  • Jun 8, 2007 7:00am Jun 8, 2007 7:00am
Quoting superdezign
Wow thanks.

what does this mean though:
"If you do not subscribe to a real-time data service, you can still use MultiCharts with Free Quotes or ASCII data."

Are free quotes delayed data? Do you know what brokers will allow you trade off this platform?
That's the part of "you have to provide your own data service". They're just a charting software company... they don't have servers to the markets. I think NinjaTrader is the same way.

IQData, RealTick, Interactive Brokers, and I think MBTrading would be data providers. The first two are data only... not brokers themselves, if I remember correctly.
  • #9
  • Jun 8, 2007 7:05am Jun 8, 2007 7:05am
Quoting bluebuddha
That's the part of "you have to provide your own data service". They're just a charting software company... they don't have servers to the markets. I think NinjaTrader is the same way.

IQData, RealTick, Interactive Brokers, and I think MBTrading would be data providers. The first two are data only... not brokers themselves, if I remember correctly.
but i could hook up to yahoo finance and get delayed quotes for free yes?
  • #10
  • Jun 8, 2007 7:07am Jun 8, 2007 7:07am
Sort of off topic, but I was looking at brokers that NinjaTrader plugs into, and one of them is FuturesBetting.com.

If you thought retail FOREX was a bucket shop, the contract style betting pools in the UK are worse.
  • #11
  • Jun 8, 2007 7:08am Jun 8, 2007 7:08am
Quoting bluebuddha
Sort of off topic, but I was looking at brokers that NinjaTrader plugs into, and one of them is FuturesBetting.com.

If you thought retail FOREX was a bucket shop, the contract style betting pools in the UK are worse.
well ninja trader is free right? you just have to pay to place live trades off the platform i think..

and no one knows if Easy language can be used on that platform??
  • #12
  • Jun 8, 2007 7:23am Jun 8, 2007 7:23am
Quoting superdezign
well ninja trader is free right? you just have to pay to place live trades off the platform i think..

and no one knows if Easy language can be used on that platform??
Yeah, I think so. I haven't used it, but I know several futures traders like to use it as a trading platform because of its complex and automated order management... I think that's why they charge a fee for using it as a trading platform. But the charting and analysis tools are free if you can come up with a data stream.

And I have no idea if it interprets EL. If EL is not mentioned anywhere on their site (I haven't looked thoroughly yet), then most likely they don't support it.
  • #13
  • Jun 8, 2007 7:24am Jun 8, 2007 7:24am
Quoting bluebuddha
Yeah, I think so. I haven't used it, but I know several futures traders like to use it as a trading platform because of its complex and automated order management... I think that's why they charge a fee for using it as a trading platform. But the charting and analysis tools are free if you can come up with a data stream.

And I have no idea if it interprets EL. If EL is not mentioned anywhere on their site (I haven't looked thoroughly yet), then most likely they don't support it.
darn.. i guess i might have to go with multicharts.. its expensive though.
  • #14
  • Jun 8, 2007 8:08am Jun 8, 2007 8:08am
What is the age limit for trade station users? I was not aware of one. I also started trading when I was 19 but I didn’t have any problems opening an account. I opened my first account with Mann financial, E.D.F. Mann back then. Do you have any family that would open the account for you? Trade station is probably your cheapest solution as long as you trade 10 lots of forex/futures a month.
  • #15
  • Jun 8, 2007 8:15am Jun 8, 2007 8:15am
Quoting mikehabit
What is the age limit for trade station users? I was not aware of one. I also started trading when I was 19 but I didn’t have any problems opening an account. I opened my first account with Mann financial, E.D.F. Mann back then. Do you have any family that would open the account for you? Trade station is probably your cheapest solution as long as you trade 10 lots of forex/futures a month.
Well I wouldnt trade forex with them anyways, I was going to trade futures with them, but I have to be 21 to open an account with their firm..

unfortunately, none of my family members would help me out on this.
  • #16
  • Edited 8:49am Jun 8, 2007 8:24am | Edited 8:49am
TS Support (Multi-charts) has a forex component called MCFX that includes your choice of 3 data feeds (FXCM, Gain, and they won't say on the third). The price is $39 a month uless you want to do your own programming in which case it is $79/month. However, if you're willing to pay $79/month you may as well open a TradeStation account and pay $99/month for the real thing. If age is a problem get someone else to open the account. You bought beer before you were old enough right? It can be done if you want it.

MCFX has had some growing pains but their stability as of late has improved dramatically.
  • #17
  • Mar 24, 2008 7:56pm Mar 24, 2008 7:56pm
  •  dyos
  • | Joined Jul 2007 | Status: Automating forex strategies daily | 48 Posts
As I'm runnning into problems with Tradestation I figured I would touch base on this old post.

You can get multicharts for free as long as you use FXCM as the broker. I'm also under the impression that strategy runner uses the same langugage as easy language. This is also free if you use FXCM as the broker.

I'm currently trying to get away from Tradestation because their commissions + spread are killing my scalping strategy that I wish to implement.

My perfect setup would be Easylanguage + Oanda with their .9/pip spread on EUR/USD.
  • #18
  • Mar 24, 2008 9:23pm Mar 24, 2008 9:23pm
Quoting superdezign
Well I wouldnt trade forex with them anyways, I was going to trade futures with them, but I have to be 21 to open an account with their firm...
I think this is a cruel form of child abuse.
  • #19
  • Mar 25, 2008 5:11am Mar 25, 2008 5:11am
Quoting toshi
I think this is a cruel form of child abuse.
I heard a rumor that they may lower the trading age to 19 but that you would have to pass a course on fiscal responsibility to become eligible.
  • #20
  • Nov 4, 2008 3:07pm Nov 4, 2008 3:07pm
Is there anyone actively using trade station to trade forex with ???????

Herman
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