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NinjaTrader or Multicharts
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NinjaTrader or Multicharts

  #21 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
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Posts: 46,240 since Jun 2009
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Big Mike View Post
I am not following. Does MCDT require a Facebook integration/download app of some kind?

Mike

OK, decided to see what the fuss was about.

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Basically you are not permitted to download MCDT until you "Recommend"/Like the page on Facebook. I don't have, nor want, a Facebook login and it is a requirement to have a login to use the button. You cannot just click the button and not login to Facebook, it still will not let you proceed to Download until you have completed the "Recommend".

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
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  #22 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
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Posts: 46,240 since Jun 2009
Thanks: 29,355 given, 83,237 received


gomi View Post
<offtopic>
Spotify did that. Since October, you can't create a standalone account anymore, you are REQUIRED to sign in using facebook..... So you think you could create a fake facebook account, but this is not allowed by facebook conditions, and if they find your account is fake, this account , so you playlists, could be deleted any time.... Amazing.... Let's not forget that everything you listen to is published on your wall, unless to do complicated stuff to prevent it....
</offtopic>

Yes I've run across one or two sites like that myself. I just close the site. Even if I had Facebook, I would never allow that. But I don't have or want Facebook, so no worries

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #23 (permalink)
Elite Member
glostrup, denmark
 
Futures Experience: Advanced
Platform: Custom platform
Broker/Data: CQG
Favorite Futures: Futures, Options, Stocks
 
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Big Mike View Post
OK, decided to see what the fuss was about.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Basically you are not permitted to download MCDT until you "Recommend"/Like the page on Facebook. I don't have, nor want, a Facebook login and it is a requirement to have a login to use the button. You cannot just click the button and not login to Facebook, it still will not let you proceed to Download until you have completed the "Recommend".

Mike

That will drive away potential customers who until now would start off using the DT edition before licensing.. I am aware many people are using facebook, but i personally know a lot of people in multicharts target audience who do not use facebook.. I hope they change this decision.

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  #24 (permalink)
Elite Member
San Antonio, Texas USA
 
Futures Experience: Intermediate
Platform: NinjaTrader, Tradestation
Favorite Futures: Futures
 
Posts: 44 since Aug 2010
Thanks: 35 given, 33 received

I am in the process of deciding whether or not to switch to MC. I am close to doing so, but reading some of the posts in this and related threads raise some questions.

1. I assume the facebook requirement is for the free version? (I also don't have nor want a facebook acct)

2. Backtesting. The main motivation for me to make the move to MC is NT's backtesting flaws. Mike, I watched your video comparing the two a year or so ago. Maybe I am naive, but comparing the two for results is interesting and finding the cause is worthwhile, but only to the extent it helps the user determine how each may differ from a live trading control model for the same strategy and time period. What I mean by that is I want to know how acurately a backtest runs a strategy on historic data compared to what one would expect to see if that strategy was run live during that same time period. (please don't confuse what I am saying with an expectation that backtest results should reflect future performance of a strategy) I see no reason why a backtest shouldn't be expected to test a strategy against the market for a given timeframe with accuracy very close to llive trading. (with expected variations due to data issues, broker execution etc.) But the point is that the backtest program should be able run the historic data tick-by-tick and run the strategy against that data in a way that a user could see if the program works as intended and also see how well the strategy would perform if it had been run for the test period. NT's shortcomings in that regard are shocking. During a conversation with MC, it was described as follows (paraphrase): NT tests your strategy against a chart that has already been created by the program; MC actually 'trades' your strategy using the historic data as a stream. In essence streaming the data in correct order to the strategy model without an ability to 'look forward' the way NT does.

This was the clincher for me. MC recognizes why we backtest. NT apparently does not.

That said, has anyone compared the mechanics of how their strategy tested vs. how the live trading during the same time period would have traded? To me that comparison to live trading or even a market replay is much more critical than comparing the two to each other to see how close you can get them to parity.

3. I assume that MC has some equivalent to NT's ATM discretionary trading from the charts. Is that true? Sounds like MC was way behind as of a year ago.

4. I am also VERY concerned about the documentation. Software companies in general seem pretty deficient when it comes to clear documentation. To hear MC may be so far behind in current documentation may be all I need to know.

Thanks for everything Mike.
Happy Thanksgiving.

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  #25 (permalink)
Elite Member
Indianapolis, IN USA
 
Futures Experience: Advanced
Platform: Ninjatrader TOS Custom
Broker/Data: Several
Favorite Futures: ES CL ZB
 
Posts: 370 since Dec 2009
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billr View Post
This was the clincher for me. MC recognizes why we backtest. NT apparently does not.

If your interest is primarily backtesting, there are better options beyond MC and NT. If your interest is primarily in trading, charting and order execution, NinjaTrader is hard to beat. Good luck.

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  #26 (permalink)
Trading Apprentice
Montreal, Canada
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: Interactive Brokers/Kinetick
Favorite Futures: Crude Oil
 
AspeK's Avatar
 
Posts: 8 since Sep 2010
Thanks: 3 given, 1 received


Quoting 
1. I assume the facebook requirement is for the free version? (I also don't have nor want a facebook acct)

Yes for MultiCharts Discretionary Trader but only for downloading it


Quoting 
3. I assume that MC has some equivalent to NT's ATM discretionary trading from the charts. Is that true? Sounds like MC was way behind as of a year ago.

What you can do in NT ATM you can do it in MC

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  #27 (permalink)
Elite Member
Singapore
 
Futures Experience: Beginner
Platform: Multicharts, R
Favorite Futures: EUR / USD
 
Posts: 185 since Feb 2010
Thanks: 106 given, 98 received

I have both Ninja and MC.

I used Ninja upto version 6 and gave up waiting for the release version 7.

I switched to MC 5 for the backtesting capabilities. Used MC 6 for automated trading and have since switched to version 7. Version 7 was very resource hungary and crashed, 7.2 is enormously better.

Support from MC is good, software development quality is good. The release schedules are met or exceeded.

Right now, my biggest grievance with MC is the lack of support for custom bar types.

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  #28 (permalink)
Elite Member
Singapore
 
Futures Experience: Beginner
Platform: Multicharts, R
Favorite Futures: EUR / USD
 
Posts: 185 since Feb 2010
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vs. Sierra harts

Any feedback from people who switched from Ninja or MultiCharts to Sierra Charts?

I haven't kept up with Sierra Charts and I know this is not the purpose of thread, but it doesn't seem to make much sense to me to start another called "Ninja vs. MultiCharts Vs. Sierra Charts" - so please accept my apologies.

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  #29 (permalink)
Elite Member
Cincinnati Ohio
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Futures Broker
Favorite Futures: AUD
 
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diverdan View Post
Any feedback from people who switched from Ninja or MultiCharts to Sierra Charts?

I haven't kept up with Sierra Charts and I know this is not the purpose of thread, but it doesn't seem to make much sense to me to start another called "Ninja vs. MultiCharts Vs. Sierra Charts" - so please accept my apologies.


I used Sierra before switching to NT. For stability there is no comparison; Sierra wins hands down. I dont think it ever crashed on me for the year that I used it.

At the time, its been at least a year ago, there was very little you could do with Sierra as far as custom indicators go. There were a few downloads but nothing like NT.

I messed around with strategies in Sierra and it was easier from the standpoint if you understood excel you could create a simple strategy. But there is really no comparison to the power of NT coding engine.

When you opened up Sierra, it felt solid and well put together. NT feels....well, fragile when you open it.. like it never got out of beta development; one wrong click and the whole thing collapses.

For charting, again Sierra rocks.. The graphic interface was more pleasing to the eyes.. I like how the bars were painted on the screen. They looked to be the right size for the zoom you were in.


Bottom line: If all I was doing was charting I would be using Sierra. If you want custom indicators and strategies you can program down to smallest detail then NT is what you should use. Just be aware of NT stability issues.

I tried Multi Charts for 2 days.. I could never get it to hook up to MBT. It was way too complicated. Or at least I perceived it to be way to complicated.

SD

nosce te ipsum

You make your own opportunities in life.
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  #30 (permalink)
Trading Apprentice
New York, NY
 
Futures Experience: Intermediate
Platform: Mult . .
Favorite Futures: Futures
 
Posts: 47 since Oct 2011
Thanks: 49 given, 65 received


I have test-driven NT more than once, and traded with MCDT live a few times (and still occasionally do). I found MCDT to be satisfactory & adequate - if nothing better were available. I failed, however to see the lustre in NT, though. I guess people just like its catchy name & believe they must be getting more if they are paying more. It mystifies me. I have always found NT inflexible and unreliable in comparison to MC or Sierra Charts.

As for my personal preference, there's just nothing out there as good as Sierra Charts (not in the price bracket we're talking about here, anyways). It's simple, clean, fast, stable, and very, very powerful.

In fact, I personally believe that Sierra is vastly more powerful than the typical user understands. You have to do some poking around on your own to really figure out some of the stuff it can do. If you do, it will be worth it.

Absent Sierra, though, I'd rather pay for Multicharts than get Ninja for free.

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