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TradeStation for trading forex?

  • #121
  • Jun 26, 2012 8:34am Jun 26, 2012 8:34am
Quoting QuadrupleX
...
Due to politics and other stuff that I don't agree here on FF I don't feel like posting anymore. I was planning to do a in deep review of TS but it will not happen.

Good luck to all.
As long as your review was fair, unbiased, and without commercial intent.. I think we'd all value it as a contribution to the forums.

I for one want to hear more about TS's platform and such.
FXGears.com
  • #122
  • Jun 27, 2012 1:24am Jun 27, 2012 1:24am
Quoting Jack_Larkin
As long as your review was fair, unbiased, and without commercial intent.. I think we'd all value it as a contribution to the forums.

I for one want to hear more about TS's platform and such.
EliteTrader would probably be a better place to get more exposure to TradeStation users from a non-TS owned forum. They just recently dwelved into forex within their own platform. FF is more geared towards mt4. But I, too would be interested in an honest review also, even though I couldn't really care much for their software lately. I'm more of a MultiCharts type of guy.
Measure trends automatically with zero lag
  • #123
  • Jun 27, 2012 5:59am Jun 27, 2012 5:59am
finally my acount is up and running, everything looks very nice, the platform is definitely the best I ever used, it really gives the trader oportunities to make the best of it, there is so many indicators and strategies and even macros, I think it would take months to explore them the platform is very advanced and it does take some learning time before you can use it's full potential, this is a professional trading platform, new traders will find it is a little difficult at first, right now Im trying to figure out how I can set a stop loss which seem to be different to all the other platforms I used, I am sure tho when I learn this thing, I never will go back to use anything else. I made a few trades just to try, 2 loosers and 1 winner, the execution is really fast and it have a voice letting you know you got filled. pretty cool
Bulls are stupid Animals!especially when Im short!
  • #124
  • Jun 27, 2012 6:15am Jun 27, 2012 6:15am
Quoting bstay2
https://community.tradestation.com/D...x?Forum_ID=213
There are extensive video tutorials and user forums where you can get answers while learning the platform. The EasyLanguage software engineers are also in the forum to help with programming issues or queries.
Thanks, I will definitely be checking those out
Bulls are stupid Animals!especially when Im short!
  • #125
  • Jul 1, 2012 3:19pm Jul 1, 2012 3:19pm
Hi roughtrader,

So what about the spreads in TS...typical spreads for major pairs??
any slippage ?
ΕΣΟ ΕΤΟÎΜΟΣ
  • #126
  • Jul 21, 2012 4:32am Jul 21, 2012 4:32am
Quoting luishk
Hi

I trade with IB but just called Tradestation to open a trial account with them. Trading forex is not my main interest but I do sometimes. When asked, the agent on the phone enquired further and told me they do calculate rollover at 5pm everyday but couldn't give the interest they use for this calculation. It's not on their website either.

Anyone has feedback on the swap offered by tradestation ?

Thanks
I got hold of tradestation too, there IS no such thing as "demo" with them, can you tell me how you came right with this? I just want to use them for charting
  • #127
  • Jul 21, 2012 6:01am Jul 21, 2012 6:01am
Quoting zukies
I got hold of tradestation too, there IS no such thing as "demo" with them, can you tell me how you came right with this? I just want to use them for charting
TradeStation acquired IBFX so probably they get offers that outside customers don't.

http://www.forexfactory.com/showthread.php?t=326304
No longer trading forex. Looking for full time job.
  • #128
  • Jul 21, 2012 6:08am Jul 21, 2012 6:08am
Quoting mmaker
TradeStation acquired IBFX so probably they get offers that outside customers don't.

http://www.forexfactory.com/showthread.php?t=326304
So...is there some sort of catch to this? (live account with either IBFX or TRADESTATION)

or

Do you only need a live account with IBFX to get demo of tradestation?
  • #129
  • Jul 21, 2012 7:03am Jul 21, 2012 7:03am
i never trade with any droker if i can't demo there platform, this broker wants you to open a live account to get a demo
  • #130
  • Jul 21, 2012 7:33am Jul 21, 2012 7:33am
Quoting PoundTrader
i never trade with any droker if i can't demo there platform, this broker wants you to open a live account to get a demo
Oh...you talking about TRADESTATION broker?
You have to have live account with THEM?
If so, well I thought you were saying that if one opens live account with OTHER broker (IBFX or whoever else) then tradestation give demo platform
  • #131
  • Jul 21, 2012 7:41am Jul 21, 2012 7:41am
Quoting zukies
Oh...you talking about TRADESTATION broker?
You have to have live account with THEM?
If so, well I thought you were saying that if one opens live account with OTHER broker (IBFX or whoever else) then tradestation give demo platform
WTF are you talking about
  • #132
  • Jul 21, 2012 7:56am Jul 21, 2012 7:56am
LOL

Quoting PoundTrader
WTF are you talking about
Tracking the Specialists.
  • #133
  • Jul 21, 2012 9:12am Jul 21, 2012 9:12am
Quoting PoundTrader
WTF are you talking about
A...H
For YOUR info I'm very new to TS so I don't know difference between meta and TS, you ALSO started at the bottom! But...do you know what a pip is?...bright spark
At ONE stage you didn't know, or...were you BORN with this knowledge?
I ask you this because you don't seem to realize that there ARE beginners (or do I need explain to you what a "beginner" is?)
  • #134
  • Jul 21, 2012 10:46am Jul 21, 2012 10:46am
I'm with TS for a months or so and they seem to be ok.

The problem is that they are my second broker so I'm not trading a lot there as I do with the main one ,Interactive Brokers. So it doesn't really give me solid grounds to issue a fair opinion.

Any broker will be good to you if you don't bother them, meaning making decent money. As soon as you start to make and withdraw good money they will start to get cranky.

Even Oanda, MBT, FXCM and the other bucket shops out there will be nice to you if you play their game.

So until I start to use TS as my main broker I really can't say anything.

I don't really care for their charting since I'm using less and less indicators as time goes by.

It seems that as you progress in this business and start to make more money you have to move to bigger more capitalized broker ( brokers). Interactive Brokers is still not bothered by my tradings. I experience some slippage ( in a regular basis) and some disconnections every other day. But thats it so far.

I spend more money trading at IB than on TS which is more expensive than Oanda my first broker but at least IB let me trade.

I'm already making plans to where I'm gonna go when ( if ) IB start to show me that my business is no longer appreciated.

Anyways I'm looking forward to the day I'm gonna have capital enough to trade directly with banks through a credit line while keeping the bulk of my money safe in a CD away from dangers like MFG and PFG.
  • #135
  • Jul 21, 2012 12:24pm Jul 21, 2012 12:24pm
Quoting QuadrupleX
I'm with TS for a months or so and they seem to be ok.

The problem is that they are my second broker so I'm not trading a lot there as I do with the main one ,Interactive Brokers. So it doesn't really give me solid grounds to issue a fair opinion.

Any broker will be good to you if you don't bother them, meaning making decent money. As soon as you start to make and withdraw good money they will start to get cranky.

Even Oanda, MBT, FXCM and the other bucket shops out there will be nice to you if you play their game.

So until I start...
Quite a wealth of info I must say, I BELIEVE...FinFx can handle bigger accounts if you're interested

Word also has it on the "street" that one can't go more than $20k, this is when the broker starts looking at you. I know of one guy who's been with GoMarkets for years and he withdraws regularly (I'd say about $20k?)

Thanks
  • #136
  • Jul 21, 2012 2:08pm Jul 21, 2012 2:08pm
Quoting zukies
Quite a wealth of info I must say, I BELIEVE...FinFx can handle bigger accounts if you're interested

Word also has it on the "street" that one can't go more than $20k, this is when the broker starts looking at you. I know of one guy who's been with GoMarkets for years and he withdraws regularly (I'd say about $20k?)

Thanks
Bucket shops are pretty much like casinos in the sense that they advertise something and when you start to get what they advertise they kick you off.

The reason why I'm keeping TS as a secondary broker is because they are "cheap" in the sense that they rely on spreads instead of spread+commission.

MFG blurred the scenario a little because their model was the same as the one used by high end brokers. I never traded with them but as far as I can tell they were not "cheap", they had segregated accounts etc.

Well the trend now is to have multiple brokers like it or not.

Multiple brokers also give you the advantage of keep trading if you decide to move one of your accounts around.

For people that actually live out of their trades, this kind of flexibility means that you no longer find yourself procrastinating when is time to look for another broker because of the hassle and time involved. My transition from FXsol to TS took well over 20 days because of FXsol screw ups. During this time I was trading all the time with IB. The only problem is that during those 20 or so days I lost my ability to protect my capital in case IB had some disconnection or other issue.I use my second account exclusively to protect a position in case of a technical issue on my primary account (via hedging) , thats why now I'm looking for a 3 broker model.
  • #137
  • Jul 22, 2012 4:47am Jul 22, 2012 4:47am
Quoting PoundTrader
WTF are you talking about
http://corporate.ibfx.com/News/Letter-President

According to a response to an email I sent IBFX au, they responded with this link: http://www.ibfx.com/Platform/TradeStation. Really didn't specify if ibfx account holders are entitled to tradestation platform (demo or live) for free or reduced cost.

We'll see what happens with their 2nd followup email.
Measure trends automatically with zero lag
  • #138
  • Oct 14, 2012 8:30am Oct 14, 2012 8:30am
Hey guys

Can you tell me if you can add Volumes for forex pairs (VSA or any kind of volume to measure the activity)
And secondly, what is the low requirement to trade forex ? I mean the lowest lots are 1$/pip minimum ? 10$/pips ?

Thank you for your answers.
COT: The precious data ignored
  • #139
  • Oct 14, 2012 12:58pm Oct 14, 2012 12:58pm
Quoting kuroro001
Hey guys
Can you tell me if you can add Volumes for forex pairs (VSA or any kind of volume to measure the activity)
And secondly, what is the low requirement to trade forex ? I mean the lowest lots are 1$/pip minimum ? 10$/pips ?
Thank you for your answers.
TradeStation uses a proprietary platform that is not MT4 compatible, see website for details. The volume data for TradeStation Forex is "not available", although it does show on charts but is acknowledged to be not accurate nor meaningful.

The minimum requirement is US$5000 for account opening and lowest lot size is 10,000 units or $1/pip or mini-lot account. If you need micro lot type account or opening with less than $500 you need to look elsewhere for another MT4 broker. Also because it is a U.S. listed company, the margin leverage is 50:1.
No longer trading forex. Looking for full time job.
  • #140
  • Oct 14, 2012 5:43pm Oct 14, 2012 5:43pm
Quoting kuroro001
Hey guys

Can you tell me if you can add Volumes for forex pairs (VSA or any kind of volume to measure the activity)
And secondly, what is the low requirement to trade forex ? I mean the lowest lots are 1$/pip minimum ? 10$/pips ?

Thank you for your answers.
Sorry thats not possible, there are no volumes in forex you can messure because there are no central exchange where forex is traded, so there is no one that knows the true volumes traded in the forex market, you can only get Volumes from other instruments you can trade on a exchange, like shares, futures and others. if you where to be able to get volume in fx, it would only be the current traded volume from your broker and not from the intire market and that would be pretty useless information, just drop in the ocian. so thats why those Volumes indicators will only work in TS if you plot them on a stock chart or futures etc,
Bulls are stupid Animals!especially when Im short!
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