OmniTrader Professional Forum
Integrated Brokerage
Please Nirvana, we need more forex brokers.
35 replies, 8272 viewings
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OmniTrader Professional Forum
Integrated Brokerage
Please Nirvana, we need more forex brokers.
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Last Activity 3/14/2023 7:47 AM 35 replies, 8272 viewings |
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Sergey Member Posts: 6 Joined: 2/11/2016  User Profile |
When I started trading forex I chose Nirvana and OmniTrader Pro because of the possibility of automated trading. I spent $2000 and a few years to learn the software and write my system on this platform. I was happy to use omnipilot with MBTrading but now it was bought by TradeKing, which is not supported by Omnitrader. Please understand my situation - I have an excellent software that I like, the perfect trading system, but I can not trade, it's useless without broker support. Is Omnitrader a trading software or what?. If yes why it can not work with the broker of my choice? I can not move to IB because of their requirements. IB is just not for everyone. Nirvana offered me to buy visual trader which has integration with the TradeKing. But this is not the same. How can I use all this 3D pictures in forex trading? Why should I buy the expensive program which I do not need? The best way - offer a trial of visual trader to all MB/TradeKing customers until you have finished the integration of TradeKing into Omnitrader. Maybe some of us will like this program and buy a license. Nirvana is focusing on making profit on existing customers - constantly releases upgrades, plugins. This is not a step forward, it can not be forever. That's ok, but what about new customers? You have to sell us 10 upgrades to get the same profit as the one Omnitrader Pro license. Imagine that I'am a potential customer, looking for a software for the development of my system and automation of trading. I will be interested in your program but do not buy it because it does not support my broker. I'll buy NinjaTrader because of many brokers support and price is twice cheaper than Omnitrader and I see their name every time I login to my broker web site. Of course Omnitrader is better regarding the development of trading systems and testing, but how many people know this? Why not to do like NinjaTrader and many others? Talk to brokers, place your banners on their sites. They may offer Omnitrader as an advanced trading platform with the possibility of testing and automation of trading in addition to their own platforms. Brokers have a huge customer base and they do not want to invest in the development of advanced technical analysis programs. Who is your customers? - Traders. Where are all the traders? - At brokers. Just think about it. I believe that Omnitrader/Visualtrader is already good enough as a technical analysis tool, as a prospecting tool, enough plugins and strategies.It is already unique software but it is nothing without the ability to use all of these capabilities in real trading. Let's put all resources on the improvement of what we really need and ask for many years- the stability and support of brokers. I know about plans to add support of TradeKing into Omnitrader but it still not enough. We need a choice. Let's make a poll among customers about which brokers we want to see in the Nirvana software. I would like to see FXCM and Forex.com in the brokers list. If you are able to integrate TradeKing into VisualTrader why not to add support of forex.com? As a computer engineer and a customer of both companies, I understand that they share the same platform, one server and one API. FXCM provides API compatible with .net(compatible with Omnitrader) and they are a data provider for the iqfeed, so we can see exact same prices in Omnitrader and in broker terminal. It would be perfect combination. The stock market is popular only in US, in the rest of the world forex is most popular market. Forex trading is completely different from trading in the stock market. This market is moving so fast that while you switch between windows, you can lose 5-10 pips. All possibilities of complex tradeplans become useless in manual trading on fast moving market. Forex is open 24 hours a day, so how to trade at night? We really need automation. It seems that Omnitrader is for small group of people who trade stocks and tied to a single broker. Let's make it for everyone. So Nirvana, we invest in you, please care about us, don't leave us to wait for decades. Here are serious people who work with money and valued time. So give us a clear answer whether the support for additional brokers and when? Best regards Sergey | ||
| Barry Cohen Idol    Posts: 2259 Joined: 1/1/1900 User Profile |
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| Jim Dean Sage  Posts: 3428 Joined: 3/13/2006 Location: L'ville, GA User Profile |
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| Sergey Member Posts: 6 Joined: 2/11/2016 User Profile |
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| Barry Cohen Idol Posts: 2259 Joined: 1/1/1900 User Profile |
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| Jim Dean Sage Posts: 3428 Joined: 3/13/2006 Location: L'ville, GA User Profile |
We want I B We want I B Attica!! :~) [Edited by Jim Dean on 3/7/2016 3:49 PM] | ||
| Alexandre New User Posts: 1 Joined: 5/6/2013 Location: Rio de Janeiro - Brasil User Profile |
I want Forex on IB!!! ;-) | ||
| Sergey Member Posts: 6 Joined: 2/11/2016 User Profile |
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| Buffalo Legend  Posts: 595 Joined: 7/11/2007 Location: Braintree, MA User Profile |
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| Buffalo Legend Posts: 595 Joined: 7/11/2007 Location: Braintree, MA User Profile |
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| Barry Cohen Idol Posts: 2259 Joined: 1/1/1900 User Profile |
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| Barry Cohen Idol Posts: 2259 Joined: 1/1/1900 User Profile |
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| Jim Dean Sage Posts: 3428 Joined: 3/13/2006 Location: L'ville, GA User Profile |
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| Sergey Member Posts: 6 Joined: 2/11/2016 User Profile |
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| Barry Cohen Idol Posts: 2259 Joined: 1/1/1900 User Profile |
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| John W Regular Posts: 95 Joined: 6/18/2011 Location: Sydney, NSW, Australia User Profile |
When you do the forex link to IB could you also enable interaction with their CFD symbol lists. This would allow us to trade other symbol lists such as non US lists in Europe and Asia Pacific. Perhaps linkage to their global commodities and futures also? | ||
| Barry Cohen Idol Posts: 2259 Joined: 1/1/1900 User Profile |
In your OT2016, click Help -> Contents -> What's New -> Broker Mapping Tool and Symbol Translation. | ||
| John W Regular Posts: 95 Joined: 6/18/2011 Location: Sydney, NSW, Australia User Profile |
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| Buffalo Legend Posts: 595 Joined: 7/11/2007 Location: Braintree, MA User Profile |
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| Barry Cohen Idol Posts: 2259 Joined: 1/1/1900 User Profile |
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| Buffalo Legend Posts: 595 Joined: 7/11/2007 Location: Braintree, MA User Profile |
But good to hear Wish a TK-OP connection was up and running though. TK took over MB FOREX quite some time ago... | ||
| Barry Cohen Idol Posts: 2259 Joined: 1/1/1900 User Profile |
I understand about TK. So far we've only had time enough to get it working in VT for stocks & options. | ||
| Buffalo Legend Posts: 595 Joined: 7/11/2007 Location: Braintree, MA User Profile |
Is there any written How-To on OT-TWS setup, execution, etc, etc? EDIT - IB offers NO leverage when trading FOREX for accts less than $10MILLION. No leverage http://www.financemagnates.com/forex/analysis/whats-next-for-us-forex-after-interactive-brokers-abandons-retail-market/ OK Nirvana it is time to make this a priority. Other, namely TK, FOREX brokers required. You offered FOREX trader but it really is of no use for your own automated platform [Edited by Buffalo on 1/30/2017 11:10 PM] | ||
| John J Regular Posts: 90 Joined: 12/20/2011 Location: Leduc User Profile |
FXCM implemented some pretty stiff requirements as well. I'm a resident of Canada, and they demanded that I transfer my account to Friedberg and fund that new account with a minimum of $1 million (go figure as I was trading through FXCM UK at the time). Seems like stiff requirements are imposed whenever the broker in question happens to have a physical presence in either USA or Canada... [Edited by John J on 2/2/2017 12:54 PM] | ||
| hafnium Member Posts: 44 Joined: 6/3/2006 Location: Vienna, VA 22182 User Profile |
Two possible solutions to the Forex broker Avails issue. Both however would require dedicated Nirvana resources to make happen. 1. Nirvana FIX API connection (what they currently use to connect to IB via Garwood) Spotware (makers of ctrader) started allowing direct FIX API connections to their ctrader accounts in 2016. Thus - any broker that offers the ctrader platform should be available. Unfortunately - Spotware stopped allowing US citizens in mid 2016. It was too difficult for them to deal with US NFA regulations. So - this solution will not work for US citizens - but does open up about a dozen brokers for most international clients. Other brokers (other than ctrader accounts) also offer FIX API connections, but they generally want $25 to $30K to open an account. The big advantage of the ctrader FIX entry is that normally, a ctrader account could be opened by something in the range of $500 to $1000. Even FXCM offers FIX - but you need $25,000 to use it. Similar requirements for OANDA. 2. MT4 is the largest retail Forex platform on the planet. If there is a way to bridge over to the MT4 interface - that would make hundreds of brokers available (US and overseas, including Tradeking, FXCM,forex.com, etc....). However, I am not aware of any service that could provide the bridge over to MT4 (perhaps metaquotes themselves could). 3. Lastly - you could use a strategy that allows you to manually mirror your OT/VT signals - but obviously not an automated solution. |
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