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TradeStation for trading forex?

  • #141
  • Oct 14, 2012 5:52pm Oct 14, 2012 5:52pm
Quoting trader65
Hi roughtrader,

So what about the spreads in TS...typical spreads for major pairs??
any slippage ?
The spreads are very nice for a stp type broker, I think allmost all pairs are around 1,5, I didn't notice much slippage yet,
I will post a screenshot tomorrow.
Bulls are stupid Animals!especially when Im short!
  • #142
  • Oct 14, 2012 8:46pm Oct 14, 2012 8:46pm
Quoting roughtrader
The spreads are very nice for a stp type broker, I think allmost all pairs are around 1,5, I didn't notice much slippage yet,
I will post a screenshot tomorrow.
On most MT4 brokers, spread for AUD/JPY is 5pips and for GBP/CHF is 7pips. But on TradeStation both are less than 3pips during active hours like London session.
Quoting bstay2
Typical spreads, I measured between London and New York active hours.

EUR/USD - 1.5 pips
GBP/USD - 1.8 pips
AUD/USD - 1.6 pips
EUR/JPY - 1.9 pips
GBP/JPY - 2.8 pips
AUD/JPY - 2.2 pips
CAD/JPY - 1.7 pips
CHF/JPY - 1.8 pips
USD/JPY - 1.2 pips
USD/CHF - 1.6 pips
USD/CAD - 1.5 pips
NZD/USD - 2.1 pips
NZD/JPY - 2.7 pips
EUR/GBP - 1.5 pips
EUR/AUD - 1.9 pips
GBP/AUD - 2.8 pips
EUR/CHF - 1.6 pips
GBP/CHF - 2.9 pips
AUD/CHF - 2.9 pips
CAD/CHF - 3.4 pips
NZD/CHF - 4.0 pips
EUR/CAD - 2.4 pips
GBP/CAD - 3.8 pips
AUD/CAD - 2.9 pips
NZD/CAD - 4.4 pips
AUD/NZD...
No longer trading forex. Looking for full time job.
  • #143
  • Oct 15, 2012 2:37am Oct 15, 2012 2:37am
Quoting mmaker
On most MT4 brokers, spread for AUD/JPY is 5pips and for GBP/CHF is 7pips. But on TradeStation both are less than 3pips during active hours like London session.
Looks comparible to GoM. They basically offer pricing with a small markup where most brokers offer a larger markup and you would need to request a rebate or sign up with a rebate provider.
Measure trends automatically with zero lag
  • #144
  • Oct 19, 2012 5:08am Oct 19, 2012 5:08am
Allmost forgot, but here are a screenshot of the spreads from my Live acount today about 12:00 London time.
The spreads are lowest during the London session for obvious reasons
Attached Image (click to enlarge)
Click to Enlarge Name: TS spreads.jpg Size: 118 KB
Attached File(s)
File Type: rar TS spreads.rar   108 KB | 487 downloads
Bulls are stupid Animals!especially when Im short!
  • #145
  • Oct 19, 2012 5:25am Oct 19, 2012 5:25am
i will be checking them out, there spreads are pretty low with no comm, i trade with there other company IBFX spreads has gotting better but not like tradestation
  • #146
  • Nov 23, 2012 2:16am Nov 23, 2012 2:16am
I have been trading Forex Futures with Tradestation since early 2010 and it is a super platform for futures. I decided to open a Forex account with them (which requires a new application still in process) and this thread was of great interest. To add more confusion to the mix with respect to the STD/ECN/MM question, here are two extracts from the same Tradestation Forex account application form. Looks very much like a contradiction to me. If anyone wants a copy of the full application form, message me and I will send it.
Attached Images
  • #147
  • Nov 23, 2012 6:15am Nov 23, 2012 6:15am
Quoting waveTrading
I have been trading Forex Futures with Tradestation since early 2010 and it is a super platform for futures. I decided to open a Forex account with them (which requires a new application still in process) and this thread was of great interest. To add more confusion to the mix with respect to the STD/ECN/MM question, here are two extracts from the same Tradestation Forex account application form. Looks very much like a contradiction to me. If anyone wants a copy of the full application form, message me and I will send it.
It's just legal language to indemnify TradeStation for any and every possible liability. If you are going to open account with the minimum $5,000, it really doesn't matter. But if you are concerned because you are moving a large portion of your trading capital e.g. $250,000 to TradeStation Forex, then be aware that forex is considered OTC market and your funds are not insured/protected by regulators unlike equities/futures accounts. So either way, just sign it. NFA can only do so much to monitor the forex brokers.

TRADESTATION FOREX INC NFA ID: 0422448

Compared with MT4 brokers (and their market making / counterparty tricks), you are much better off with TradeStation.
No longer trading forex. Looking for full time job.
  • #148
  • Dec 17, 2012 7:08pm Dec 17, 2012 7:08pm
I´ve had terrible problems using the TradeStation simulator, it´s completely useless for simulating real time and backtesting in forex.

https://community.tradestation.com/D...opic_ID=124521

TS only gives BID side datafeed, so if you launch a buy order at market, it will be buyed at the price of the BID side instead of the ASK side, as it it in real time.

Besides this if you bactest your strategy you will have a very possitive bias because of that. And when you try real account, surprise!!!!


If you want to program and backtest systems, better to choose another plarform.

Any suggestions?
Many thanks!!!
  • #149
  • Dec 30, 2012 5:47pm Dec 30, 2012 5:47pm
Since they still do not offer a demo of their platform without funding an account I was wondering if any of you current TS traders can answer a few questions for me.

1. What time does their daily candle close? (NY or GMT)
2. Do you have any major complaints with them as a currency broker?
3. Does their platform work well with multiple monitors? or is it like MT4 and is horrible for multiple monitors.

Thanks traders. Would rather get info here than listen to in-house sales guy.
  • #150
  • Edited 11:08pm Dec 30, 2012 9:25pm | Edited 11:08pm
Quoting ZenTrading
1. What time does their daily candle close? (NY or GMT)
2. Do you have any major complaints with them as a currency broker?
3. Does their platform work well with multiple monitors? or is it like MT4 and is horrible for multiple monitors.
1. Daily candle close at 16:59 (5pmET) New York Eastern Time. The time-axis is in NY ET.

2. There will always be complaints. Some will eventually close account and some will stay on to feedback on the TS Forum either at EasyLanguage Support or Enhancement Suggestions sub-forums, where platform/software design engineers will interact directly with clients. I've been using TradeStation since 2006.

3. You should watch the video tours of the platform at TS website, or Google/YouTube on how to use TradeStation on multiple monitors. The platform is organized into Desktops and tabbed Workspaces. For me I use four 23" LCDs so each monitor has a fully customized Desktop#?.tsd profile and each Desktop can have many Workspace?.tsw tabs each containing multiple chart windows.

4. The last picture is a sample of 23" screen with 13 charts and 1 quote window, which you will have difficulties arranging on MT4 in similar fashion. Each chart's windows title bar is minimized to save real estate.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: daily candle.png Size: 45 KB
Click to Enlarge Name: TS forum.jpg Size: 180 KB
Click to Enlarge Name: EURUSD 15mins.png Size: 42 KB
Click to Enlarge Name: example desktop.jpg Size: 227 KB
  • #151
  • Dec 31, 2012 12:01am Dec 31, 2012 12:01am
bstay2,
Beautiful! That is exactly what I was looking for. I was actually looking to PM you when I saw this thread, but you do not have it turned on. Thank you for taking the time to post this. I'm moving some funds and think they'll be worth the look. Once funded I'll have a deeper look at the TS Forum you linked to.

Thanks again. Very helpful!
Happy trading
  • #152
  • Jan 28, 2013 1:47pm Jan 28, 2013 1:47pm
Just a quick update. Have funded tradestation account and like what I see so far. Has a bit of a learning curve to it, but that's what their videos are for.
Thanks for the input bstay2
  • #153
  • Jan 28, 2013 9:17pm Jan 28, 2013 9:17pm
TradeStation is the Mercedes Benz in the trading Industry. I love it and I am using it since 2003. It is the most user friendly platform, and if you are using RadarScreen, easy to scan multiple markets one time and select the ones those are more productive.

Nothing comparable!
  • #154
  • Jan 30, 2013 3:20pm Jan 30, 2013 3:20pm
Quoting hariusa72
TradeStation is the Mercedes Benz in the trading Industry. I love it and I am using it since 2003. It is the most user friendly platform, and if you are using RadarScreen, easy to scan multiple markets one time and select the ones those are more productive.

Nothing comparable!
MultiCharts?
Measure trends automatically with zero lag
  • #155
  • Jan 30, 2013 10:33pm Jan 30, 2013 10:33pm
Are you guys able to link TradeStation or MultiCharts to MT4 analytics like Myfxbook or Currensee? How to measure drawdowns on TradeStation?
No longer trading forex. Looking for full time job.
  • #156
  • Feb 25, 2013 3:56pm Feb 25, 2013 3:56pm
Hi all,

Just read the whole thread here and also i am about to open a FX account with Tradestation, really because they are imho the more established brokerage out there (it looks) and later on i also want to trade futures.
The problem with TS is that they do not seem to have a demo account available unless you actually open up a real account. So my question is the following. Which broker out there comes closest to Tradestation that actually let you do some damage on a demo firts before openening up a real account?
I m ok with MT4 but MT4 seems to atract a lot of shady brokers. Sugestion anyone?

Thanks
  • #157
  • Sep 3, 2013 5:47am Sep 3, 2013 5:47am
Quoting Jmb33
Hi all, Just read the whole thread here and also i am about to open a FX account with Tradestation, really because they are imho the more established brokerage out there (it looks) and later on i also want to trade futures. The problem with TS is that they do not seem to have a demo account available unless you actually open up a real account. So my question is the following. Which broker out there comes closest to Tradestation that actually let you do some damage on a demo firts before openening up a real account? I m ok with MT4 but MT4 seems...
TS owns interbankfx you can try there demo
  • #158
  • Sep 9, 2013 2:21pm Sep 9, 2013 2:21pm
Quoting PoundTrader
{quote} TS owns interbankfx you can try there demo
Only if they have the same datafeed/spreads. As far as I know from past research they don't.
  • #159
  • Sep 9, 2013 8:38pm Sep 9, 2013 8:38pm
Have been using TradeStation for about a month and I've not traded live with them, here are my initial review. Will update more when I dig deeper. Hope these will help.

Pros

  1. Charting tool is excellent
  2. Platform is user friendly
  3. Easy language is really easy to pick up
  4. Easy to program easy strategies
  5. Provide lots of indicators
  6. 40++ years of data available for backtesting (daily only; intraday 8 years++)
  7. Great support

Cons

  1. No demo
  2. Assume that users only run one strategy on a symbol. Therefore, closing of position with same amount of contracts is based on FIFO. Both manual & automated.
  3. Unable to go long and short on the same symbol. Applicable to manual traded strategies only.

Here is exactly how I feel when using TradeStation Platform. I feel like driving a Ferrari without 1st & 2nd Gear

  • #160
  • Sep 10, 2013 6:03pm Sep 10, 2013 6:03pm
Thank you victoryong. Hope you give us an update about spreads and slippage when you go live.
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