NexusFi: Find Your Edge


Home Menu

 





NinjaTrader Brokerage Services (www.ninjatraderbrokerage.com)


Discussion in Brokers

Updated
      Top Posters
    1. looks_one NinjaTrader with 122 posts (257 thanks)
    2. looks_two NT Brokerage with 73 posts (154 thanks)
    3. looks_3 Big Mike with 59 posts (116 thanks)
    4. looks_4 torento with 30 posts (33 thanks)
      Best Posters
    1. looks_one liquidcci with 2.5 thanks per post
    2. looks_two NinjaTrader with 2.1 thanks per post
    3. looks_3 NT Brokerage with 2.1 thanks per post
    4. looks_4 Big Mike with 2 thanks per post
    1. trending_up 408,369 views
    2. thumb_up 1,139 thanks given
    3. group 685 followers
    1. forum 903 posts
    2. attach_file 17 attachments




 
Search this Thread

NinjaTrader Brokerage Services (www.ninjatraderbrokerage.com)

  #861 (permalink)
brmicha2000
Denver, CO
 
Posts: 37 since Aug 2021
Thanks Given: 0
Thanks Received: 67


torento View Post
Thanks @brmicha for the input,

It's interesting you say that, the main reason I'm looking into NT broker is for the intra-day margin rates but not for the reason most are.

My main concern is being taken out of trades prematurely due to a spike in volatility etc
And to make sure that they are acting in a legitimate fashion and to investigate connection problems etc as there are many reports over at NT of major connection interruptions

I've been at this a long time and I know my stats well, I actually want to be trading with the smallest account size possible while being able to trade large size comparable to account capital if that makes sense, I know how much cash I need in my account to account for drawdown?

I want to free up capital for other things instead of it just sitting in an account for margin, with recent margin rates a lot higher than they used to be Intra-day margin sounds like a great idea if my trades are not being cut consistently as I tend to hold and press trades as much as I can given the environment on any given session so am susceptible to have trades cut with increased volatility as I'm regularly positioned already during the London session as I'm situated in the Asian time zone.
Something I'll have to be mindful of, kind of sounds fun in a way, spice things up a bit
If I go bust so be it, I'll add more capital

Cheers

Edit: Don't mean to sound cocky, I just have financial goals I'm attempting to achieve and accessing my current Margin will help me well along the way to achieving them.

Hi, I just wanted to add here, that trading futures when market crashes arrive is something very different than at other times. You may have various problems with all brokers. Liquidity dries up in those environments, which can cause the market to move much, much bigger than normal. If you have level 2 data, and you look at the DOM, you can see the total liquidity day to day, and that can allow you to see if you are trading a very, very below average liquidity market. Markets like this, most likely, can have margin increases mid day. The market can be shut down mid day, which is not your brokers fault. Slippage on trade entries and exits will be extremely high. This is also not your brokers fault. These types of markets are a nightmare if you are trying to trade a trading system and have consistent size wins and losses. Most people out there are just thinking how they can make a bunch of money, when, from my opinion, they should more be thinking about consistency of running a trading plan over time.

Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
ZombieSqueeze
Platforms and Indicators
Better Renko Gaps
The Elite Circle
Trade idea based off three indicators.
Traders Hideout
Exit Strategy
NinjaTrader
Increase in trading performance by 75%
The Elite Circle
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Just another trading journal: PA, Wyckoff & Trends
36 thanks
Tao te Trade: way of the WLD
24 thanks
Bigger Wins or Fewer Losses?
19 thanks
GFIs1 1 DAX trade per day journal
16 thanks
Spoo-nalysis ES e-mini futures S&P 500
15 thanks
  #862 (permalink)
brmicha2000
Denver, CO
 
Posts: 37 since Aug 2021
Thanks Given: 0
Thanks Received: 67


torento View Post
Thanks @brmicha for the input,

It's interesting you say that, the main reason I'm looking into NT broker is for the intra-day margin rates but not for the reason most are.

My main concern is being taken out of trades prematurely due to a spike in volatility etc
And to make sure that they are acting in a legitimate fashion and to investigate connection problems etc as there are many reports over at NT of major connection interruptions

I've been at this a long time and I know my stats well, I actually want to be trading with the smallest account size possible while being able to trade large size comparable to account capital if that makes sense, I know how much cash I need in my account to account for drawdown?

I want to free up capital for other things instead of it just sitting in an account for margin, with recent margin rates a lot higher than they used to be Intra-day margin sounds like a great idea if my trades are not being cut consistently as I tend to hold and press trades as much as I can given the environment on any given session so am susceptible to have trades cut with increased volatility as I'm regularly positioned already during the London session as I'm situated in the Asian time zone.
Something I'll have to be mindful of, kind of sounds fun in a way, spice things up a bit
If I go bust so be it, I'll add more capital

Cheers

Edit: Don't mean to sound cocky, I just have financial goals I'm attempting to achieve and accessing my current Margin will help me well along the way to achieving them.

During market crashes is a totally different thing for brokers in general. During market crashes, liquidity dries up. This has nothing to do with one's broker. With no liquidity, the market moves much faster than normal. This creates tremendous risk for the broker, who now has many traders going broke on their platform. Margins might very well change quickly in that environment. Slippage will be very bad in those environments. You can see total liquidity of markets in the DOM if you have level 2 data. I usually look at the ES and see if it has fairly average liquidity day to day. Liquidity levels have nothing to do with your broker. Markets can also shut down in those environments, which is also not done by your broker.

Reply With Quote
Thanked by:
  #863 (permalink)
 hyperscalper 
boise idaho
 
Experience: Advanced
Platform: NinjaTrader C# Custom
Broker: NinjaTrader LeeLoo Rithmic
Trading: Nasdaq Futures NQ/MNQ
Posts: 314 since Apr 2020
Thanks Given: 15
Thanks Received: 522



torento View Post
Thanks for the post @hyperscalper a wealth of information I really appreciate it,
It's awesome to hear you say that about NT I have never heard of such a report as yours

I'd like to ask you if you could please point me in the direction of how to push those ping times as hard as you are, I'm an old school price action trader but am super keen to learn about how to speed up data transmission times and order entry speed, is there any publically available info regarding how the layman can go about achieving this?

I appreciate any info at all you could provide me with.

Thanks again I really appreciate your post

OK, well most traders would not entertain these suggestions. Most traders are sitting at their home offices, and thus a potentially huge amount of congesting Wide Area Network (WAN) traffic needs to flow from the market data source and exchange, to the trader's desk.

Firstly, traders are always "looking around" for the next instrument that might be more profitable, and often fail to specialize. Because they are considering, and are ready to trade, a range of instruments, that data has to travel to their desk.

Efficiency requires specialization, and that requires cutting down drastically on the number of market data feed elements needed to be watched/processed.

Most traders are looking for "high end" workstations to "crunch" all that data and manage many displays; and tend to neglect the WAN and ISP network facilities which are required to manage peak loading. How many times do you hear traders talk about "lag" ??? When "lag" is humanly perceivable; it's already huge.

If you are such a trader, and using NinjaTrader as your platform, you'll be running Windows, and you'll want to optimize your WAN networking as much as possible. This involves replacing the "stock" "congestion provider" (maybe it's CUBIC) for your Internet TCP with a much better one, currently named "CTCP" which handles WAN congestion more efficiently, thus improving overall throughput. (You can look up how to do that). Basically you want to tune your system as a Internet Gamer would want to do it, and there are guides for that.

But the key in our approach is to "Co-locate" the actual Dedicated Server and platform, NT8 NinjaTrader as physically close to the exchange as possible. This means for Futures traders, locating in Chicago or, at even higher cost, in Aurora itself so that your machine is very close to the data sources, and the orders portals if at all possible.

Choosing some degree of effective colocation means that the trading platform is very near, in network latencies, to the exchanges.

The role of your home office desktop thus becomes a "remote display" for all that is happening on your dedicated server. I say dedicated, because a cheaper virtual private server (aka VPS) is generally not good enough nor reliable enough.

A powerful data center server can be had for $150-$200 per month, on a self-managed basis. This could mean you'll need to learn how to be admin for your server, plus potentially creating 1 or 2 "virtual machines" in that same box; each of which could itself run an instance of NT8 NinjaTrader or your preferred platform; at no additional monthly cost. In my case, I get 3 "machines" for the price of one; since my monthly fee includes a license for 2 Hyper V VM instances as well.... very handy once you know how it works.

BUT LET'S FACE FACTS that very very few traders will choose this route, even if they understand potential advantages. They just don't have the specialist "mindset" to "take the plunge" into the world of very powerful datacenter based servers rather than the usual concept of "powerful desktop pc".

In my case, software on the server can take decisions when it "sees" a trigger opportunity; with a very short latency. That's gonna involve software features beyond the scope of this discussion; but obviously your latencies and the volumes of data you can process greatly increase when you choose to use a dedicated server.

Hope this helps; and Good Trading !
hyperscalper

Reply With Quote
Thanked by:
  #864 (permalink)
 jkarten 
Tucson Arizona
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES CL 6E 6C 6B
Posts: 11 since Aug 2018
Thanks Given: 1
Thanks Received: 20


torento View Post
You are not alone @jkarten there seem to be literally hundreds possibly thousands of users like yourself from what I hear
I have had many performance issues but for me I don't use any indicators accept EMA's, but I do have addons like

TickRefresh to counter the built in 250ms built in lag
BarTimerCounter to add a sound alert just prior to a tick bar closing
& Clicker for clicking directly on the chart to trade and although very light weight these are enough to freeze my workspace about every fifth time I draw a line or fib retracement where I have to Save then Close and Reopen my workspace, so I do understand your frustrations.

I hope you have a nice experience with Sierra

Cheers

Thanks! It is very revealing that you only use ema's and a few other add-on and still have performance issues

Reply With Quote
  #865 (permalink)
 TP10 
Vancouver, Canada
 
Experience: Master
Platform: NinjaTrader, TradingView,
Trading: Futures, Forex
Frequency: Daily
Duration: Hours
Posts: 33 since Jul 2021
Thanks Given: 7
Thanks Received: 43


torento View Post
Wow OK @TP10 I was unaware of that with Multicharts over the last year,

I purchased a lifetime license in 2009/10 and used it for a while but preferred NT, I began trading instruments back then that where not available to trade in NT so used the platform for a year or so before switching back and I remember the customer service was impeccable, I was reminded of that this week with the customer service I received, I will always have the platform to use if I want to or need to trade with brokers other than IB or NT and to use through IB for when NT goes down.
My initial contact was to ask if they'd update the sorry to say but ugly old fashion charting interface, I was honest with them as they pressed me multiple times as to why I was asking for them to upgrade the charting, I was not attempting to be but I was borderline rude and they gave me some of the best customer service I have ever received anywhere instead of just telling me to P&%$ off or ignoring me.

Thanks for the input and I'll be sure to keep it in mind

To be open and clear, all my troubles came from running automated trading and doing back testing and optimization of strategies while at the same time discretionary trading. I built a purpose trading PC with 16 cores and 64 Gigs of ram and all the latest bells and whistles last year as well. . So the PC is rock solid. The problems are with the Multicharts 64 not utilizing system resources properly and having numerous random memory leaks and platform stuck charts and crushes. It is a lot to ask of a platform to be able to run algo optimizations and multiple charts and workspaces in a live trading environment. I know. But I can do it in MT4 or MT5, never had problems with the Tradestation years ago and Multicharts older versions. It seems like the last few major updates have gone down the instability route. And Did it ever for me. A friend of mine has the same problems trading with Multicharts 64 and Interactive Brokers and he limits the open charts to 1 and workspaces to 1! and only one algo and still gets his charts randomly stuck some times. So I am not alone in this. One of the solutions Multicharts offered is to buy an extra licence limited to back testing and optimization and to run it on a different PC. I think they offered a substantial discount for such a licence, around $600-$800 bucks to buy it I think.
I decided to exit instead. Ninja Trader is way better in my mind anyways.

Thanks for the chat and happy trading.

Reply With Quote
Thanked by:
  #866 (permalink)
 TP10 
Vancouver, Canada
 
Experience: Master
Platform: NinjaTrader, TradingView,
Trading: Futures, Forex
Frequency: Daily
Duration: Hours
Posts: 33 since Jul 2021
Thanks Given: 7
Thanks Received: 43


MONICAP View Post
I use NinjaTrader platform and brokeraj, never had any issues with it and suport was great. With the new changes ninja did I had a log in problem witch was resolved fast by a remote suport guy that was very nice and made all that for me. I think is a reliable broker. I have the multibroker licence key with them and i have also good comissions and low spreads. Is ok imo

I would definitely consider NT brokerage as one of the better choices.

Reply With Quote
Thanked by:
  #867 (permalink)
 
Trend Trader's Avatar
 Trend Trader 
Meridian, MS
 
Experience: Advanced
Platform: NinjaTrader, MotiveWave
Broker: Stage 5 Trading, TradeStation, NinjaTrader
Trading: NQ
Frequency: Several times daily
Duration: Minutes
Posts: 54 since Jan 2023
Thanks Given: 26
Thanks Received: 47


hyperscalper View Post
OK, well most traders would not entertain these suggestions. Most traders are sitting at their home offices, and thus a potentially huge amount of congesting Wide Area Network (WAN) traffic needs to flow from the market data source and exchange, to the trader's desk.

Firstly, traders are always "looking around" for the next instrument that might be more profitable, and often fail to specialize. Because they are considering, and are ready to trade, a range of instruments, that data has to travel to their desk.

Efficiency requires specialization, and that requires cutting down drastically on the number of market data feed elements needed to be watched/processed.

Most traders are looking for "high end" workstations to "crunch" all that data and manage many displays; and tend to neglect the WAN and ISP network facilities which are required to manage peak loading. How many times do you hear traders talk about "lag" ??? When "lag" is humanly perceivable; it's already huge.

If you are such a trader, and using NinjaTrader as your platform, you'll be running Windows, and you'll want to optimize your WAN networking as much as possible. This involves replacing the "stock" "congestion provider" (maybe it's CUBIC) for your Internet TCP with a much better one, currently named "CTCP" which handles WAN congestion more efficiently, thus improving overall throughput. (You can look up how to do that). Basically you want to tune your system as a Internet Gamer would want to do it, and there are guides for that.

But the key in our approach is to "Co-locate" the actual Dedicated Server and platform, NT8 NinjaTrader as physically close to the exchange as possible. This means for Futures traders, locating in Chicago or, at even higher cost, in Aurora itself so that your machine is very close to the data sources, and the orders portals if at all possible.

Choosing some degree of effective colocation means that the trading platform is very near, in network latencies, to the exchanges.

The role of your home office desktop thus becomes a "remote display" for all that is happening on your dedicated server. I say dedicated, because a cheaper virtual private server (aka VPS) is generally not good enough nor reliable enough.

A powerful data center server can be had for $150-$200 per month, on a self-managed basis. This could mean you'll need to learn how to be admin for your server, plus potentially creating 1 or 2 "virtual machines" in that same box; each of which could itself run an instance of NT8 NinjaTrader or your preferred platform; at no additional monthly cost. In my case, I get 3 "machines" for the price of one; since my monthly fee includes a license for 2 Hyper V VM instances as well.... very handy once you know how it works.

BUT LET'S FACE FACTS that very very few traders will choose this route, even if they understand potential advantages. They just don't have the specialist "mindset" to "take the plunge" into the world of very powerful datacenter based servers rather than the usual concept of "powerful desktop pc".

In my case, software on the server can take decisions when it "sees" a trigger opportunity; with a very short latency. That's gonna involve software features beyond the scope of this discussion; but obviously your latencies and the volumes of data you can process greatly increase when you choose to use a dedicated server.

Hope this helps; and Good Trading !
hyperscalper

Interesting article. https://www.risk.net/derivatives/7956247/high-frequency-flap-over-cmes-aurora-data-center

Reply With Quote
Thanked by:
  #868 (permalink)
 torento 
Perth, Western Australia
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Trading: Futures
Posts: 34 since Feb 2012
Thanks Given: 39
Thanks Received: 37


hyperscalper View Post
OK, well most traders would not entertain these suggestions. Most traders are sitting at their home offices, and thus a potentially huge amount of congesting Wide Area Network (WAN) traffic needs to flow from the market data source and exchange, to the trader's desk.

Firstly, traders are always "looking around" for the next instrument that might be more profitable, and often fail to specialize. Because they are considering, and are ready to trade, a range of instruments, that data has to travel to their desk.

Efficiency requires specialization, and that requires cutting down drastically on the number of market data feed elements needed to be watched/processed.

Most traders are looking for "high end" workstations to "crunch" all that data and manage many displays; and tend to neglect the WAN and ISP network facilities which are required to manage peak loading. How many times do you hear traders talk about "lag" ??? When "lag" is humanly perceivable; it's already huge.

If you are such a trader, and using NinjaTrader as your platform, you'll be running Windows, and you'll want to optimize your WAN networking as much as possible. This involves replacing the "stock" "congestion provider" (maybe it's CUBIC) for your Internet TCP with a much better one, currently named "CTCP" which handles WAN congestion more efficiently, thus improving overall throughput. (You can look up how to do that). Basically you want to tune your system as a Internet Gamer would want to do it, and there are guides for that.

But the key in our approach is to "Co-locate" the actual Dedicated Server and platform, NT8 NinjaTrader as physically close to the exchange as possible. This means for Futures traders, locating in Chicago or, at even higher cost, in Aurora itself so that your machine is very close to the data sources, and the orders portals if at all possible.

Choosing some degree of effective colocation means that the trading platform is very near, in network latencies, to the exchanges.

The role of your home office desktop thus becomes a "remote display" for all that is happening on your dedicated server. I say dedicated, because a cheaper virtual private server (aka VPS) is generally not good enough nor reliable enough.

A powerful data center server can be had for $150-$200 per month, on a self-managed basis. This could mean you'll need to learn how to be admin for your server, plus potentially creating 1 or 2 "virtual machines" in that same box; each of which could itself run an instance of NT8 NinjaTrader or your preferred platform; at no additional monthly cost. In my case, I get 3 "machines" for the price of one; since my monthly fee includes a license for 2 Hyper V VM instances as well.... very handy once you know how it works.

BUT LET'S FACE FACTS that very very few traders will choose this route, even if they understand potential advantages. They just don't have the specialist "mindset" to "take the plunge" into the world of very powerful datacenter based servers rather than the usual concept of "powerful desktop pc".

In my case, software on the server can take decisions when it "sees" a trigger opportunity; with a very short latency. That's gonna involve software features beyond the scope of this discussion; but obviously your latencies and the volumes of data you can process greatly increase when you choose to use a dedicated server.

Hope this helps; and Good Trading !
hyperscalper

Thanks a lot @hyperscalper

I'll definitely be looking into optimizing my WAN & ISP network as stated and look into tuning my system as a gamer would want to do as you say

I'll look online on how to go about doing so

Thank you very much for the info and the time it took you to write, very much appreciated

Reply With Quote
  #869 (permalink)
 torento 
Perth, Western Australia
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Trading: Futures
Posts: 34 since Feb 2012
Thanks Given: 39
Thanks Received: 37


jkarten View Post
Thanks! It is very revealing that you only use ema's and a few other add-on and still have performance issues

One of the add ons is causing an issue I'm just not sure which one and haven't figured it out as yet and is an ongoing issue which only began on NT8.0.27.1
It's not causing to much trouble as it only freezes a chart in the workspace and a save & restart of the workspace resolves the issue but it is still there and has to be dealt with which is not ideal

Cheers

Reply With Quote
  #870 (permalink)
 torento 
Perth, Western Australia
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Trading: Futures
Posts: 34 since Feb 2012
Thanks Given: 39
Thanks Received: 37



brmicha2000 View Post
Hi, I just wanted to add here, that trading futures when market crashes arrive is something very different than at other times. You may have various problems with all brokers. Liquidity dries up in those environments, which can cause the market to move much, much bigger than normal. If you have level 2 data, and you look at the DOM, you can see the total liquidity day to day, and that can allow you to see if you are trading a very, very below average liquidity market. Markets like this, most likely, can have margin increases mid day. The market can be shut down mid day, which is not your brokers fault. Slippage on trade entries and exits will be extremely high. This is also not your brokers fault. These types of markets are a nightmare if you are trying to trade a trading system and have consistent size wins and losses. Most people out there are just thinking how they can make a bunch of money, when, from my opinion, they should more be thinking about consistency of running a trading plan over time.

Thanks for your opinion and concern, something we all need to keep in mind

In my case I run a tight ship and always have. I'm still looking to trade the same position sizes I'm just attempting to minimize funds sitting in my account solely for the purpose of intra-day trading where they could be used for other things, where the funds can still be drawn upon in the events in which you describe in your posts I have no intention of bankrupting myself but I guess most to do don't.

Reply With Quote




Last Updated on June 8, 2023


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts