Web trading is well designed, and chart trading functionality is superior to many other brokers. We find the layout designs are clean and practical. On both the browser-based platform and desktop application focuses on keeping things simple. TradeStation Charting:TradeStation charting is very simple and practical. Options include ffron end order entry apps or uniques indicators or even fully automated trading strategy.
Trading Apps: Choose from 100s of products which can be downloaded directly to the Tradestation platform offering full compatibility. This allows you to use proprietary data that may have been generated through another application (such as Excel) or that was obtained for exotic markets not currently supported by the TradeStation Data Network. Radar Screen: Continuously monitors and ranks up to 1,00 symbols in real-time, based on more than 180 fully customizable technical and fundamental indicators, as well as virtually unlimited amounts of custom criteria, through Easy Language (link to the programming language subsection).ģrd Party Data: Plot 3rd party data in a Chart Analysis or RadarScreen window from previously created ASCII or MetaStock (9.x or greater) data files. Tools are geared to active traders, such as time and sales, market depth, and snapshots that show how your positions are performing. OptionStation Pro: toolset allows you to build, evaluate, and track just about any options strategy you can think of.
Tradestation review has proved that TS is a clear winner when it comes to the Mobile app, easy live Automated Trading, extensive free historical data, free 90-day tick data and a strong charting package. Your time is best spent developing automated trading systems using already built and tested 3rd party software, if you cannot be successful with a Multicharts or Tradestsation then we question whether your strategy will perform on your own custom-built platform.
We have yet to find a system that cannot be implemented with Tradestation – our advice at Quant Savvy to new traders is not to develop your own trading platform it is not going to magically make you money. TS offers a 1-stop shop (charting, testing, data feed, broker). It has a very intuitive well-designed user interface that allows quick easy access to place trades, monitor a portfolio, or check account balances in realtime. The mobile app is exceptional as shown by the high reviews comparable to the other platforms. We’ve also compared TradeStation vs NinjaTrader vs MultiCharts, where TradeStation has also achieved the overall winner award. If you are an institutional investor our advice would be to try Interactive Brokers – we perceive that as brokers Tradestation and IB are competing in a different space. However, for the average US Futures, Crypto, Stocks or Options Trader it has all major market access you will need. TradeStation, when compared to Interactive Brokers, has higher commission fees and it has limited access to market exchanges. TradeStation review has revealed that as a broker TS is very competitive with trading fees and commissions. Even beginners looking for their typical moving average crossover systems can most certainly code, test and run a system live within an hour with ease. Despite this we find you can create a strategy with Easylanguage, test it on free historical data (the backrests are slow relative to Multicharts to AmiBroker) and run it live or in Simulation fully automated – the whole process is so smooth.
There are no restrictions on historical data and we find we can easily load a 1-minute chart all the way to 1999 within a couple of minutes.Īutomated Trading has some limiting features and we still cannot easily trade a portfolio without placing an individual system on its own chart. You can load 90 days of historical tick data for Futures markets which can easily be exported and stored in a database to be used later.
TradeStation offers free software and free market data which is wonderful news. Many Quant Savvy users have had delays with opening accounts, contacting technical support or even registering the IP address of a computer.
TradeStation weakness is its customer support and account opening process. The EasyLanguage for programming has a flat learning curve and even beginners should be able to pick it up within one week. TradeStation is the best day trading platform for beginners and intermediate traders using technical analysis or algorithmic trading.