Tradestation

This is a discussion on Tradestation within the Brokerages forums, part of the Commercial category; Is Tradestation a good (reliable) direct-access broker for US markets? Tell me about your positive or negative experiences with this ...

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Old Jul 4, 2004, 7:51pm   #1
 
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Tradestation

Is Tradestation a good (reliable) direct-access broker for US markets?
Tell me about your positive or negative experiences with this broker.Thanx
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Old Dec 4, 2004, 8:12pm   #2
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Does any one have experience of a broker called GCI based in belize?
Thanks
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Old Dec 4, 2004, 8:30pm   #3
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TS appears to be reliable. As far as automated execution is concerned they are pretty good. Setting up an account is easy and the platform is excellent. The execution broker is RJ O' Brien
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Old Dec 9, 2004, 8:55pm   #4
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TradeStation is an excellent all-in-one charting, data provision and execution package, good value for money in my opinion for the cost of $99 per month + data fee's.

Positives - it pretty much does everything - analysis, indicators and strategies for FX, futures, options, equities. EasyLanguage is an extremely flexible tool in the right hands, and there are an enormous wealth of ready made and experimental indicators available in the TradeStation forums for free. Strategy automation allows for totally hands-free trading - I've used it myself and it works a treat. The TS forum community is also an excellent resource for users. Includes OptionStation for option analysis and strategy trading, and RadarScreen - a powerful symbol screening application. Reliable and stable, nothing really competes at this price level for these features.

Negatives - you need to have a FAST machine to run it at its best, to avoid data occasionally being slowed during calculations in fast markets. Margins are not the best by a long shot for futures. No access to Eurex/Liffe data or markets. You need 1-2GB of memory to run RadarScreen with 1000 symbols efficiently.

Summary: For the retail trader TS is probably the best featured package around. It isnt as good as TT / CQG - but then it costs 95% less.
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Old Dec 9, 2004, 9:51pm   #5
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Personally, I cannot think of any reason to need to monitor 1000 symbols as I only monitor 140 and they present more than enough opportunities. I do this with 512MB or RAM and that is fine for my needs.


Paul
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Old Feb 16, 2005, 5:06am   #6
 
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I have used trade station for about 3 years. The software, execution, and data have been great, but the main problem with them is the service and hold times are very long.

Chris
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Old Feb 17, 2005, 5:56am   #7
 
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Quote:
Originally Posted by Brokepc
I have used trade station for about 3 years. The software, execution, and data have been great, but the main problem with them is the service and hold times are very long.

Chris
What kind of issues do you need to call them about?
and
Is there an option to pay for a priority support plan?

JO
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Old Feb 17, 2005, 10:11am   #8
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JO,

AFAIK, there is no option to pay for priority support. The main gripe I have with TRAD is that they are geared to cater for the US customer. Which is probably no problem for you. One more thing, while they do offer FOREX trading, I have found their support for their FOREX customers pretty darn terrible. Its like they decided to offer FOREX just as a marketing tool. FOREX is a very small part of TRADs business so I think they don't see the benefit in putting much effort there. Just my thoughts based on my experience with them as a customer for the last year.

HG
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Old Feb 17, 2005, 11:36am   #9
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For all of the TS2000i users there are some options if e-signal is not acceptable as a data feed. So you would need a new interface to convert the data, and believe it or not there is actually a free version that works seamlessly. It is available at

http://www.hypertrader.it/freetool.shtml

And the option that is needed is the HyperServer Lite version and there are many options including Yahoo and IB. They also have software to allow you to get history data, etc.

As Tradestation 2000i was a paid for product, and still is everywhere else in the world except in the USA., where they are phasing out this product in favour of the newer TS8.x version.

There is a hugh community, and many indicators available, it seems pointless to upgrade to the later version of the software.
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Old Feb 17, 2005, 11:14pm   #10
 
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JO,

If you have a software related question. If you lose your Internet connection. I have experienced long hold times. Service the Techs are not very well trained, your questions are better answered on the online forum.
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