VT Trader platform - good or not? | Forex Factory

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VT Trader platform - good or not?

  • #1
  • First Post: Apr 23, 2008 8:01am Apr 23, 2008 8:01am
Hello,

does anybody know how good the VT Trader platform is (www.cmsfxinternational.com)?? I'd like to open a live acc with them but want to check other opinion first. Thanks for the help.

mia
  • #2
  • Apr 23, 2008 12:17pm Apr 23, 2008 12:17pm
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
VT platform features are good, but the broker(cms) is the worst in the industry. They do everything to mess your trades up. Stay away...
  • #3
  • Apr 23, 2008 12:42pm Apr 23, 2008 12:42pm
Quoting mia
Hello,

does anybody know how good the VT Trader platform is (www.cmsfxinternational.com)?? I'd like to open a live acc with them but want to check other opinion first. Thanks for the help.

mia
The platform is very good, probably the best one for charting, even if somehow slow at times.
As a minus it doesn't allow Stop Loss and Take Profit orders with market orders, you have to provide them separately. I have a live account with CMS (not CMS International) and so far I didn't see major problems but I trade almost entirely using their API not VTTrader
  • #4
  • Apr 23, 2008 12:45pm Apr 23, 2008 12:45pm
Quoting onu
VT platform features are good, but the broker(cms) is the worst in the industry. They do everything to mess your trades up. Stay away...
This is the second time you say bad things about CMS. I ask you again to provide some more details about your problems with CMS.
I'm not saying that they are good, just that I want to know more about they.
  • #5
  • Apr 23, 2008 12:50pm Apr 23, 2008 12:50pm
As with everything in this world you will have to try and find out. That's the great thing about forum's you will find the good, bad and the ugly and could also leave more confused than when you came in.

CMS have loads of backing/cash a very good platform. but connectivity has been an issue in the past it has improved lately

Check out the chart patterns.
They don't have interbar trading and that causes problem's for some.
Their coding by Chris and the team is second to none.
  • #6
  • Apr 23, 2008 1:00pm Apr 23, 2008 1:00pm
Quoting motanu
The platform is very good, probably the best one for charting, even if somehow slow at times.
As a minus it doesn't allow Stop Loss and Take Profit orders with market orders, you have to provide them separately. I have a live account with CMS (not CMS International) and so far I didn't see major problems but I trade almost entirely using their API not VTTrader
If you have a Auto Trading System they can attach the ATM Active Trade Management system for SL,TP Time filter Trailing Stop either in PIPS or ATR etc.
  • #7
  • Apr 23, 2008 1:16pm Apr 23, 2008 1:16pm
Quoting Kiwi06
They don't have interbar trading and that causes problem's for some.
I suppose you mean intrabar.
This is a problem only if you use a Trading System and you want some intrabar action. Not everyone who uses VTTrader uses a Trading System.
  • #8
  • Apr 23, 2008 1:23pm Apr 23, 2008 1:23pm
Quoting Kiwi06
If you have a Auto Trading System they can attach the ATM Active Trade Management system for SL,TP Time filter Trailing Stop either in PIPS or ATR etc.
These are fancy words for saying that you can use an out-of-the-box trading system which simulates a trailing stop.
This has nothing to do with the fact u cannot place a market order simultaneously with SL/TP orders for it like in many other platforms.
  • #9
  • Apr 23, 2008 1:24pm Apr 23, 2008 1:24pm
I like their platform alot.
In some cases it's way better than MT4.
1. You have seperate Windows for each chart. Good for multi monitor setups.
2. Placing orders is way easier and faster. Trade from the chart.
3. Billions of build in Indicators.
4. Price Feed alot faster.
  • #10
  • Apr 25, 2010 3:34pm Apr 25, 2010 3:34pm
Hello, for me is VTT very good I tried others and in my oponion this is best, but I have only only one prolem if you people can hepl me please, in VTT2 i cannot make S/L and maximum, I would like open position and make this things, but every time i make something bad. Cut you tell me please step by step? Thanky you very much.
  • #11
  • Apr 26, 2010 12:58pm Apr 26, 2010 12:58pm
Hi, Any have that chart patterns feature working? where chart patterns are identified?


In talking about this vt trader, i installed it over the weekend and was really looking forward to the chart pattern identification feature. When i went to technical analysis and chart patterns, only the completed patterns are displayed. When i selected filter and select the emerging patterns option, not a single chart appears.
  • #12
  • Apr 26, 2010 1:29pm Apr 26, 2010 1:29pm
Pretty sure it says somewhere on their site you need a live account to see the emerging patterns.
  • #13
  • May 7, 2010 9:53pm May 7, 2010 9:53pm
I blew up my CMS free 50 USD account last week. I dont know how to put SL and TP. When the market go against me, I have to close my open position manually. If I am not around my computer, that's the end.

Charts look nice and price running smoothly, too bad I cannot use those for trading.
  • #14
  • May 7, 2010 10:04pm May 7, 2010 10:04pm
Don't much care for the platform, tho it might have improved since I last tried it. But tried the Excel API interface (on demo) and it was sooooo ssllllooowwwwww to get an order filled.
  • #15
  • Last Post: May 8, 2010 11:32am May 8, 2010 11:32am
Quoting cloudthers
I blew up my CMS free 50 USD account last week. I dont know how to put SL and TP. When the market go against me, I have to close my open position manually. If I am not around my computer, that's the end.

Charts look nice and price running smoothly, too bad I cannot use those for trading.
CMS Forex is regulated by the NFA. Due to NFA's rule 2-43(b) implemented last year which deals with hedging and FIFO restrictions, it's not possible to attach stop and limit orders to individual positions/orders. HOWEVER, you can still use entry stops/limits and One Cancels Other (OCO) orders to protect your open positions.

CMS Forex made some video tutorials explaining the changes. They can be viewed by using the "Quick Video Guides" link (go to the "Trading" section once the video window opens) at the following URL:
http://www.cmsfx.com/en/trading-soft...s/video-guides

Here's another good link explaining the various order types available in VT Trader:
http://www.cmsfx.com/en/forex-tradin...s/order-types/
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