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Is Free Charting Package the Real Deal? Software Reviews here

  • #1
  • First Post: Jun 27, 2007 5:51pm Jun 27, 2007 5:51pm
We know we had issues with many MT4 based broker. There are many charting packages that we can get from our brokers and data providers, over here, i would like to discuss which package would best and who are the reliable data providers.

Software:
- TradeStation
- Future Source
- MultiCharts (TSSupport)
- Dynamic Trader
- Ninja Trader
- MT4
- Dealbook 360
- IntelliCharts

Im thinking that futuresource(love their MACDs) and tradestation are proly the benchmark, i believe their data providers are coming from Gain Cap? Looks like the biggies are all using Gain? Multicharts could proly come as a cheap option and guess what, their data is also coming from Gain...didn't Gain just got charged by NFA?

If im missing good chart and datya providers, please add and palce your reviews. Thanks!
  • #2
  • Jun 27, 2007 8:35pm Jun 27, 2007 8:35pm
Well I`ve Been Using Metatraders Since I First Started Trading Back In Early 2k. I Always Say Is Not The Chart You Use, Is The Trading System You Design And Apply Your Studies To.
DISCIPLINE IS THE KEY TO SUCCESS!!!:nerd:
  • #3
  • Edited 8:53pm Jun 27, 2007 8:52pm | Edited 8:53pm
Quoting got pips?
Well I`ve Been Using Metatraders Since I First Started Trading Back In Early 2k. I Always Say Is Not The Chart You Use, Is The Trading System You Design And Apply Your Studies To.
I agree with that.

I saw some workshops and if see you the charts that they get.... Man it's far worst than MT4 believe me. But they get use to it, and we all know that when you start to making serious money you wont give up from them.

But its always better to see the better data feeds.

Regards
No Brain, no Gain.
  • #4
  • Jun 27, 2007 9:03pm Jun 27, 2007 9:03pm
Quoting BGazzoni
I agree with that.

I saw some workshops and if see you the charts that they get.... Man it's far worst than MT4 believe me. But they get use to it, and we all know that when you start to making serious money you wont give up from them.

But its always better to see the better data feeds.

Regards
Many new traders seek to much information from the outside world. This is not something bad to do...but they become to dependable on other traders information... the way i see it is....create your own system usually emas...are great and very very very reliable...after you create your system marry it....if something is not working right fix it ...spend time with it....and before you know it you would have created a great system...

it must be a single time frame...which must match your trading style...
DISCIPLINE IS THE KEY TO SUCCESS!!!:nerd:
  • #5
  • Jun 27, 2007 9:17pm Jun 27, 2007 9:17pm
Thanks for the input guys. While some may disagree with your belief of a single timeframe system, you know there are plenty of mtf traders, the points you raised are valid.

back to data providers and chartings, could anyone give inputs on their experience with vendors other than mt4 and vt trader, esp data, i find that many mt4 brokers manipulate data?

regards
jest
  • #6
  • Jun 27, 2007 9:34pm Jun 27, 2007 9:34pm
I'm using gft (dealbook 360) on my live account. data feed is decent, the spikes I get on my mt4 platforms almost never show up on 360. I do kind of find it hard to go back to my demos though, because 360 is so clean and organized. I was almost turned off on them because the demo often froze around news, but with the live it works flawlessly.

I am looking into a paid one though "ensign" mostly for the playback feature. After reading that article on FF I could see the benefit of having playback. Also has some other pretty sweet features, time of day currencies make their biggest moves, how much etc. I want to read up on as much as I can before I demo it though, it looks kind of over whelming.
  • #7
  • Jun 27, 2007 10:28pm Jun 27, 2007 10:28pm
Quoting got pips?
Many new traders seek to much information from the outside world. This is not something bad to do...but they become to dependable on other traders information... the way i see it is....create your own system usually emas...are great and very very very reliable...after you create your system marry it....if something is not working right fix it ...spend time with it....and before you know it you would have created a great system...

it must be a single time frame...which must match your trading style...
The bold part of my sig is my trading moto
  • #8
  • Jun 27, 2007 10:45pm Jun 27, 2007 10:45pm
Quoting Sniper
The bold part of my sig is my trading moto
lol, how do i fix candle whipsaws???
  • #9
  • Jun 27, 2007 10:58pm Jun 27, 2007 10:58pm
Quoting shadeslay
I'm using gft (dealbook 360) on my live account. data feed is decent, the spikes I get on my mt4 platforms almost never show up on 360. I do kind of find it hard to go back to my demos though, because 360 is so clean and organized. I was almost turned off on them because the demo often froze around news, but with the live it works flawlessly.

I am looking into a paid one though "ensign" mostly for the playback feature. After reading that article on FF I could see the benefit of having playback. Also has some other pretty sweet features, time of day currencies make their biggest moves, how much etc. I want to read up on as much as I can before I demo it though, it looks kind of over whelming.
shadeslay, i concur with you. I think gft made a good decision going forward with the dealbook. The chart interface is almost seamless, i really like the smooth feel they gave, data is good, wondered which banks they dealt with? As a Broker, i think GFT is very professional, definitely reccomended.
  • #10
  • Jun 28, 2007 4:12am Jun 28, 2007 4:12am
You left out Esignal. They use the GTIS feed which comes from 200 banks. It's as reliable as anything else, and more so than most.
  • #11
  • Edited 4:56am Jun 28, 2007 4:16am | Edited 4:56am
Quoting Dopey
You left out Esignal. They use the GTIS feed which comes from 200 banks. It's as reliable as anything else, and more so than most.
Hi Dopey,

thanks for the input. I heard of GTIS before from somewhere but my little mind just cant make out the details...can you elaborate more?
  • #12
  • Jun 28, 2007 4:40am Jun 28, 2007 4:40am
You left out :

- AmiBroker (cheap and very comprehensive. Fantastic value in my opinion)
- TopGun (has some nifty unique features/indicators)
- Esignal (probably the industry's reference)
- MetaStock (dinosaur)
- QuoteTracker (free and you could link it to many non-chart brokers such as MBT)

All that said, I still find MT4 the most intuitive and user-friendly.
  • #13
  • Jun 28, 2007 5:45am Jun 28, 2007 5:45am
You also forgot VT Trader which is one of the best free charting software out there. Easy to use, tons of indicators, great features. Worth to have a look.
  • #14
  • Jun 28, 2007 6:29am Jun 28, 2007 6:29am
Quoting jest1081
Thanks for the input guys. While some may disagree with your belief of a single timeframe system, you know there are plenty of mtf traders, the points you raised are valid.

back to data providers and chartings, could anyone give inputs on their experience with vendors other than mt4 and vt trader, esp data, i find that many mt4 brokers manipulate data?

regards
jest
Hi i think i did mention but only in my second posting hehe, but i think vt trader has data issue.

im thinking amibroker since i have the eod version i'll just have to upgrade it for $80 signing up for e-signal data package? What do you think of the package?

Or Multi charts basic? Anyone has feedback for multicharts?
  • #15
  • Jan 4, 2008 3:25pm Jan 4, 2008 3:25pm
Quoting jest1081
shadeslay, i concur with you. I think gft made a good decision going forward with the dealbook. The chart interface is almost seamless, i really like the smooth feel they gave, data is good, wondered which banks they dealt with? As a Broker, i think GFT is very professional, definitely reccomended.
Hello!

I'm currently looking for a broker I could open my account with. I very much like EFX Group, which is ECN type of broker, but they don't provide any charting software yet. I've also reviewed the GFT and I feel they could be an attractive option for me, but I'm not sure, if they use "dealing desk" or are they ECN?

jest1081, did you ever experience "stop hunting", huge spikes, or anything similar with them?
  • #16
  • Jan 4, 2008 8:03pm Jan 4, 2008 8:03pm
Good day, for me I kind of switch between VT trader and Metatrader. They both have their pros and cons but they are free. I know the GFT package and of course esignal are pro end packages.

Also I might add the Genesis package is another pro end platform as well.

I tend to get locked out of my Vt trader package during reports release time.
Does anyone have any trouble with metatrader during report releases?

-Cheers
Success To Your Trading
  • #17
  • Sep 25, 2008 12:47pm Sep 25, 2008 12:47pm
I love e-signal but I would not recommend it to newbies. Get your feet wet become successful and then move up. Then the charting cost won't matter so much and you'll be doing well to get a great feed and charts like e-signal provides.
  • #18
  • Last Post: Sep 25, 2008 1:40pm Sep 25, 2008 1:40pm
This all depends on the time frame you are trading. (Or time frames.)

If you trade larger time frames, and don't use much in the way of indicators: The package matters not.

Below is a picture of what my charts look like. MT4 is what I have.
Attached Image (click to enlarge)
Click to Enlarge Name: chf.png Size: 27 KB
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