Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

VTK

TradeStation Vs Esignal

Recommended Posts

Hi peeps...

 

Soon i will need to get rid of mine Sierra charts and choose between Tradestation and Esignal as charting solutions.

Is there anyone who has used both charting packages and can tell me is there any significant difference between those two softwares?

Thanx!

Best,

VTK

Share this post


Link to post
Share on other sites

in all honesty i would have to say that when it comes to charting they are equally as good as each other. i have used both before and now i am back to using esignal. i think that it really comes down to you preference. if you are all about indicators, custom indicators as well as writing programs and back testing than tradestation will be the better bet. but if all you need are great charts than esignal will more than do. it will also be cheaper to use esignal. for tradestation you have to pay $250 a month for the software plus all exchange fees. esignal will prob save you at least $100 - $150 a month.

 

one thing i really like about esignal is that you can open as many desktops as you want like tradestation but you can also free float the charts from the desktop and put them anywhere you want outside of the dock.

 

ask for a free month trial of esignal. they are cool with giving them out.

Share this post


Link to post
Share on other sites
....it will also be cheaper to use esignal. for tradestation you have to pay $250 a month for the software plus all exchange fees. esignal will prob save you at least $100 - $150 a month.

 

Have seen that esignal is cheaper about 100$ if compared to tradestation..That is reason why i have started this thread.

Basically i need just MAs and horizontal lines and that is what every charting software have.

So really it is just about data quality and maybe few little things like overlaying charts and continuous contract charts which can be done in TS.

johnjamesjude,have you been pleased with quality of data with both of them?

 

 

Tams,mon..no need to get philosofical on such simple matter

Think you would agree that when it comes to charting software we all wanna 2 basic things;good TA tools and quality of data feed.

What i have exactly meant to ask,is there any significant difference between esignal and TS when it comes to TA tools and quality of data;)

Anyway guys,thanx for reply!

Best,

VTK

Share this post


Link to post
Share on other sites

If you have a brokerage account with TS, the software is free if you do about 10 round turns of futures per month, just pay exchange fees of $30 to $100, depending what you are trading.

 

Multicharts and Ninjatrader are also good alternatives if you have a datafeed from a broker or third party. Ninjatrader is free for charting and simulation.

Edited by thrunner

Share this post


Link to post
Share on other sites

actually one thing i hated about tradestation was that sometimes the data on the candle charts would get messed up. like you would load up a chart and might be missing x amount of candle and if you were trying to do VSA, it would get frustrating. i have never had an issue with esignal's data. also i have had issues with trading with tradestation before and they didn't come good on either case, hence why i am not with tradestation anymore.

 

i hope this helps better than my other post

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • CVNA Carvana stock, nice top of range breakout at https://stockconsultant.com/?CVNA
    • GDRX GoodRx stock, good day, watch for a bottom range breakout at https://stockconsultant.com/?GDRX
    • Date: 14th February 2025.   Can The NASDAQ Maintain Momentum at Key Resistance Level?     The price of the NASDAQ throughout the week rose more than 3.00% to bring the price back up to the instrument’s resistance level. However, while taking into consideration higher inflation, tariffs and the resistance level, could the index maintain momentum?   US Inflation Rises For a 4th Consecutive Month The US Consumer Price Index, or inflation, rose for a 4th consecutive month taking the rate even further away from the Federal Reserve’s target. Analysts were expecting the US inflation rate to remain unchanged at 2.9%. However, consumer inflation rose to 3.00%, the highest since July 2024, while Producer inflation rose to 3.5%. Higher inflation traditionally triggers lower sentiment towards the stock market as investors' risk appetite falls and they prefer the US Dollar. However, on this occasion bullish volatility rose. For this reason, some traders may be considering if the price is overbought in the short term.   Addressing these statistics, US Federal Reserve Chair Jerome Powell acknowledged that the Fed has yet to achieve its goal of curbing inflation, adding further hawkish signals regarding the monetary policy. Other members of the FOMC also share this view. Today, Raphael Bostic, President of the Federal Reserve Bank of Atlanta, stated that the Fed is unlikely to implement interest rate cuts in the near future. This is due to ongoing economic uncertainty following the introduction of trade tariffs on imported goods and other policies from the Republican-led White House.   Most of the Federal Open Market Committee emphasizes additional time is needed to fully assess the situation. According to the Chicago Exchange FedWatch Tool, interest rate cuts may not start until September 2025.   What’s Driving The NASDAQ Higher? Earnings data this week has continued to support the NASDAQ. Early this morning Airbnb made public their quarterly earnings report whereby they beat both earnings per share and revenue expectations. The Earnings Per Share read 25% higher than expectations and Revenue was more than 2% higher. As a result, the stock rose more than 14%. Another company this week that made public positive earnings data is Cisco which rose by more than 2% on Thursday. Another positive factor continues to be the positive employment data. Even though the positive employment data can push back interest rate cuts, the stability in the short term continues to serve the interests of higher consumer demand. The US Unemployment Rate fell to 4.00% the lowest in 8 months. Lastly, investors are also increasing their exposure to the index due to sellers not being able to maintain control or momentum. Some economists also increase their confidence in economic growth if Trump can obtain a positive outcome from the Ukraine-Russia negotiations.   However, during Friday’s pre-US session trading, 80% of the most influential stocks are witnessing a decline. The NASDAQ itself is trading more or less unchanged. Therefore, the question again arises as to whether the NASDAQ can maintain momentum above this area.   NASDAQ - News and Technical analysis In terms of technical analysis, the NASDAQ is largely witnessing mainly bullish indications on the 2-hour chart. However, the main concern for traders is the resistance level at $21,960. On the 5-minute timeframe, the price is mainly experiencing bearish signals as the price moves below the 200-period simple moving average.   The VIX, which is largely used as a risk indicator, is currently trading 0.75% higher which indicates a lower risk appetite. In addition to this, bond yields trade 6 points higher. If both the VIX and Bond yields rise further, further pressure may be witnessed for index traders.   Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • LUNR Intuitive Machines stock watch, attempting to move higher off 18.64 support, target 26 area at https://stockconsultant.com/?LUNR
    • CNXC Concentrix stock watch, pullback to 47.16 triple support area with bullish indicators at https://stockconsultant.com/?CNXC
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.