Ninja trader Futures betting

[stockhausen]

Futures Betting, now known as Pro Spreads, is having a lot of problems with ninja trader. To the point the are thinking of dropping their association.

Unfortunately, their platform that they offer does not allow you to scale out of positions, and move your stop automatically to B/E after a predefined set of ticks, like ninja trader.

Does anyone know of a spreadbetting comapny, that has DMA like futures betting, a spread betting company like futures betting, with a a similiar business model, that either also uses Ninja trader, or has their own platform with the aforementioned abilities?

Thanks in advance

 

[tripleogstar]

try IG Markets

 

[stockhausen]

I looked at them, but you can only use their plaform, and the spread is silly large. I tarde the t notes, and IG index has a 8 point spread on the t notes.i would rather pay the tax. Any other ideas anyone?

 

[Phil Mibbutz]

I thought Prospreads had dropped Ninja, anyway?

 

[stockhausen]

Not yet, but they are about to. My style of trading requires scaling out etc, so unfortuneltely, the pro spread service is no longer right for me, that is why I am lo0oking an alternative business that has the same business model. Trading the futures with a spread betting wrapper. So you are in fact trading with DMA. A non Market maker in the right sense of the word as, and they hedge all trades against the future market. Any suggestion?

 

[pit pony]

Not yet, but they are about to. My style of trading requires scaling out etc, so unfortuneltely, the pro spread service is no longer right for me, that is why I am lo0oking an alternative business that has the same business model. Trading the futures with a spread betting wrapper. So you are in fact trading with DMA. A non Market maker in the right sense of the word as, and they hedge all trades against the future market. Any suggestion?

i used to use Ninja thru ProSpreads, well actually Fbc but did have problems.i find the ProSpreads guy's very helpfull but Ninja very fustrating and slow to respond to any problems, i mean i was paying them for a service and was'nt getting one.
Anyway there are not many SB companies that offer the tight spreads as ProSpreads, so i got used to there platform and find it very good, not automated so i understand where your coming from but i changed the way i executed my orders, basically changed to manually placing my orders.

 

[gle101]

Not yet, but they are about to. My style of trading requires scaling out etc, so unfortuneltely, the pro spread service is no longer right for me, that is why I am lo0oking an alternative business that has the same business model. Trading the futures with a spread betting wrapper. So you are in fact trading with DMA. A non Market maker in the right sense of the word as, and they hedge all trades against the future market. Any suggestion?

Why don't you use IB (Interactive Brokers) combined with Ninja Trader. A lot cheaper if you don't mind the tax part. Margin requirements though, could be more trading with IB.