Re: Anyone use Thinkorswim?
Posted: Tue Apr 03, 2018 11:50 am
I ditched MT5 as well. This is for Forex platform, not Futures...
(01:27:57 AM) AMP | Johnny: What is the last you have right now on MT5?
(01:28:00 AM) AMP | Johnny: for TYAM8
(01:28:15 AM) AMP | Johnny: 121.187500?
(01:28:25 AM) Justin: yes
(01:28:32 AM) AMP | Johnny: and TV right now?
(01:28:42 AM) Justin: 055
(01:28:57 AM) AMP | Johnny: MT5 has a different way
(01:29:02 AM) AMP | Johnny: of displaying the prices
(01:29:14 AM) AMP | Johnny: hang on
(01:29:23 AM) Justin: doesn't make sense...
(01:29:49 AM) AMP | Johnny: It does not display in the normal format
(01:29:54 AM) AMP | Johnny: its a bit different
(01:30:16 AM) Justin: So, do you mean MT5 is flawed platform?
(01:30:20 AM) AMP | Johnny: its not flawed
(01:30:29 AM) AMP | Johnny: its meaning that it does not display the tick increment
(01:30:39 AM) AMP | Johnny: with the traditional way that ten year ticks
(01:30:52 AM) AMP | Johnny: because its a forex platform its calculating it differently
(01:30:53 AM) AMP | Johnny: hang on
(01:31:07 AM) Justin: unbelievable....
(01:31:26 AM) AMP | Johnny: its actually correct but just displaying in a different format
(01:31:55 AM) Justin: So, TV is accurate?
(01:32:13 AM) AMP | Johnny: TV is showing it in 1/64th
(01:32:15 AM) Justin: The problem is when I put SL and TP, I use the numbers shown in MT5
(01:32:19 AM) AMP | Johnny: which is the common format
(01:32:33 AM) AMP | Johnny: but MT5 shows the tick size as .015625 instead
(01:32:38 AM) AMP | Johnny: that is the formula used
(01:32:40 AM) AMP | Johnny: in MT5
(01:33:10 AM) AMP | Johnny: You will notice the same thing with USAM8 symbol
(01:33:15 AM) AMP | Johnny: try an experiment for me
(01:33:19 AM) AMP | Johnny: pull up USAM8
(01:33:21 AM) AMP | Johnny: on both platforms
(01:33:25 AM) Justin: Ok, let's make it simple. The numbers shown in TV is same as the ones shown in Ninja Trader or TradeStation or Thinkorswim?
(01:33:25 AM) AMP | Johnny: and let me know if you see the same thing.
(01:33:30 AM) AMP | Johnny: Correct
(01:33:44 AM) AMP | Johnny: TV is going to display the more traditional way of how the tick size is displayed
(01:34:05 AM) Justin: Ok, it sounds to me MT5 is crap
(01:34:06 AM) AMP | Johnny: where with MT5 because traditionally forex platform it displays its differently
(01:34:16 AM) AMP | Johnny: not so much that its just a different platform
(01:34:24 AM) AMP | Johnny: not traditionally a futures platform
(01:27:57 AM) AMP | Johnny: What is the last you have right now on MT5?
(01:28:00 AM) AMP | Johnny: for TYAM8
(01:28:15 AM) AMP | Johnny: 121.187500?
(01:28:25 AM) Justin: yes
(01:28:32 AM) AMP | Johnny: and TV right now?
(01:28:42 AM) Justin: 055
(01:28:57 AM) AMP | Johnny: MT5 has a different way
(01:29:02 AM) AMP | Johnny: of displaying the prices
(01:29:14 AM) AMP | Johnny: hang on
(01:29:23 AM) Justin: doesn't make sense...
(01:29:49 AM) AMP | Johnny: It does not display in the normal format
(01:29:54 AM) AMP | Johnny: its a bit different
(01:30:16 AM) Justin: So, do you mean MT5 is flawed platform?
(01:30:20 AM) AMP | Johnny: its not flawed
(01:30:29 AM) AMP | Johnny: its meaning that it does not display the tick increment
(01:30:39 AM) AMP | Johnny: with the traditional way that ten year ticks
(01:30:52 AM) AMP | Johnny: because its a forex platform its calculating it differently
(01:30:53 AM) AMP | Johnny: hang on
(01:31:07 AM) Justin: unbelievable....
(01:31:26 AM) AMP | Johnny: its actually correct but just displaying in a different format
(01:31:55 AM) Justin: So, TV is accurate?
(01:32:13 AM) AMP | Johnny: TV is showing it in 1/64th
(01:32:15 AM) Justin: The problem is when I put SL and TP, I use the numbers shown in MT5
(01:32:19 AM) AMP | Johnny: which is the common format
(01:32:33 AM) AMP | Johnny: but MT5 shows the tick size as .015625 instead
(01:32:38 AM) AMP | Johnny: that is the formula used
(01:32:40 AM) AMP | Johnny: in MT5
(01:33:10 AM) AMP | Johnny: You will notice the same thing with USAM8 symbol
(01:33:15 AM) AMP | Johnny: try an experiment for me
(01:33:19 AM) AMP | Johnny: pull up USAM8
(01:33:21 AM) AMP | Johnny: on both platforms
(01:33:25 AM) Justin: Ok, let's make it simple. The numbers shown in TV is same as the ones shown in Ninja Trader or TradeStation or Thinkorswim?
(01:33:25 AM) AMP | Johnny: and let me know if you see the same thing.
(01:33:30 AM) AMP | Johnny: Correct
(01:33:44 AM) AMP | Johnny: TV is going to display the more traditional way of how the tick size is displayed
(01:34:05 AM) Justin: Ok, it sounds to me MT5 is crap
(01:34:06 AM) AMP | Johnny: where with MT5 because traditionally forex platform it displays its differently
(01:34:16 AM) AMP | Johnny: not so much that its just a different platform
(01:34:24 AM) AMP | Johnny: not traditionally a futures platform