Also there was some discussion that gr8trade when it came out looked an awful lot like tradecast? But hey everyone steals from everyone right Trent? (Mikey). (Perhaps someone that does use it can answer whether you can you do chart overlays, or spread charts with it? I donât know? As far back as two years ago I talked with the programmers and gave them a list of things I would have liked to see numero uno being, I need to be able to overlay symbols on top of futures charts.).
There was some discussion a while back about the original guys who developed it leaving (this was over a year ago) and it does seem like the platform has not innovated much lately but I have not used it in a while. With regard to gr8trade in particular, it is a very good execution platform. Therefore the innovation with regard to platforms on the prop side has lagged the development of the platforms that are geared more toward the retail trader.
they trade more positions and smaller size. In my experience those traders are trading bigger size and fewer positions where as many retail traders or nasdaq traders do the opposite, i.e. Also as far as I can tell most prop firms are trading 80% or more NYSE stocks. This is certainly a paradox because you have guys with 30K dollar Ameritrade accounts with better technology than guys with 100K dollar accounts at prop firms, but it is explainable if you understand that most prop firms want to do it themselves or sub it out so they can save money.ĭoes anyone think Bright for example would ever use Realtick and pay them a licensing fee or whatever when they get redi+ for free? Not likely. The fact is however the platforms that most retail users trade on remain superior to what most prop firms are using in multiple ways which I and others have commented on before. However, understanding now how many large prop traders trade (large size, few positions, tape reading, etc.) redi+ does indeed work fine for them. I have commented before on my experience using redi+ which I railed on in several posts weeks ago simply because I had the unfortunate experience of using it and am still blown away that so many traders still use it. If you look at instinetâs more recent purchase of Protrader they almost immediately sacked half of the branches so it seems apparent to me that getting the platform was a large reason for the purchase. Of course you can make the argument that Schwab for example wanted cybertrader for the hyperactive daytraders (volume) they have as well but that only holds to a certain extent IMO. But donât take my word for it, the firms that bought the best platforms obviously spent money researching what they were buying. At any rate all of those are vastly superior to superior to the junk that some firms use. I have used all those above except watcher. (Realtick and TerraNova go way back Iâm not sure of the exact relationship there) If you wanted to add a fifth to the list, the traders that scalp NASDAQ using watcher swear by the damn thing. Those 3 along with Realtick are what I would consider the best 4 mainstream platforms. Schwab bought Cybertrader, and Ameritrade bought Tradecast. Who bought what? Lets see: Instinet bought Protrader i.e. If you want to know which platforms are or at least were the bestâ¦.follow the money. The best DAT platforms are easy to ascertain because they were bought out for big dollars. Iâm no expert but I have used a few different platforms and here is my take. That's my two cents, let's help out our fellow trader with his question guys, I myself would like to know more from people whom are with them right now.
#RAFAEL PEREIRA PROTRADER ELITE SOFTWARE#
In summary, Gr8trade is a average software but definitely not the best especially if you daytrade (scalping for example). I know that they have closed 11 of their branch offices and may have only 6 left, that tells me they are struggling and since gr8trade is their proprietary software, I don't know if they will have a long future. Their software, however, isn't all bad for certain type of traders, it has some good points such as EYE which I think is useful. IMHO, I think the software is better than the firm, from my limited experience with them, I found their management conceited and their staff not very knowledgable. I thought this may be a good thread to start and more traders can give a better insight than me alone.
Recently a fellow trader and elite member PM me with this question: "is gr8trade as bad as protrader is? i use it, but not directly through protrader and have a good rate, but was wondering how the software adds up to the others.i saw you commented on many of the brokers thats why im asking"
0 kommentar(er)
