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NinjaTrader or Multicharts
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NinjaTrader or Multicharts

  #41 (permalink)
Market Wizard
Las Vegas, NV
 
Futures Experience: Advanced
Platform: Abacus, Slide Rule, HP-65, Metastock, TOS, NT
Favorite Futures: Futures
 
aligator's Avatar
 
Posts: 3,424 since Aug 2010
Thanks: 1,053 given, 5,822 received
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sam028 View Post
Moderator Note
I have removed the link.
MultiCharts rules are simple: to download MCDT you have to follow the procedure, all is here, dot.

Sam


Yah, what is all the fuss for. Links are links, if MC does not want you to use the link, then the link should not be there. Their policies apply to MC site only, they can't tell futures.io (formerly BMT) what to do.

@gktk, You had not done anything illegal and no need for apologies. I think Sam's removal of the link was a little too hasty. MC for sure has no problem with Sam's posting their link "here".

It is time to stop this nonsense and only discuss the merits of MC vs NT, why one is better than the other so that one can decide which one will be a better help to a trader.

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  #42 (permalink)
Elite Member
Battle Ground, WA
 
Futures Experience: Master
Platform: Multicharts DT & MBT Desktop Pro
Broker/Data: MB Trading
Favorite Futures: GBP/USD, EUR/GBP, EUR/USD, GBP/CHF, GBP/JPY
 
Posts: 75 since Feb 2011
Thanks: 10 given, 35 received

NT7 VS Multicharts (from a 100% manual, naked chart trader)

Instead of getting too wordy, I'll just give my list of Pros and Cons(as they relate to my style!) for each one.


Ninjatrader 7(I had a live subscription for 3 months)

Pros:

1. Chart Trader and trading from the chart.
2. Excellent basic charting
3. Excellent account and performance analysis tools.
4. Clean, minimal user interface

Cons:

1. Buggy and unstable as HELL!!!
2. Must use older version of Navigator and not even have a newer version installed.
3. Chart Trader and FX Pro features are not as clean and functional as their counterparts in Multicharts.
4. Cannot overlay multiple charts in the same window.
5. Clean, minimal user interface


Multicharts DT

Pros:

1. Rock solid platform.
2. Chart trader and trading from the chart are superior to all other trading apps on the market(that I have tried.)
3. Very customizable interface and soft, visually pleasing look. They got this right. It really is about how it looks when you are looking at it for multiple hours. An aggro interface will make you aggro.
4. Multiple charts in one window.

Cons:

1. NO GD RAY TOOL! WTF! I mean really.
2. No account performance analysis tools.
3. Selecting a symbol/timeframe could be made to be much more straightforward. It's kinda klunky, not as bad as others though.
4. Integration with brokers(MBT in particular) could be tightened up and support commissions, etc.
5. In the chart trader it would be nice if you could input in K instead of actual numbers. i.e. when I want to open a position for $20,000 I have to type 20000 instead of 20K. No biggie, just something that saves that extra precious microsecond, which as we all know can be VERY important!

Multicharts, please sell and vigorously support this product! Charge a reasonable amount for it. I will buy it! I don't do any automated trading so I don't need Multicharts 7 and don't want to pay $1000+ for my software. I suppose I'm in the minority or you would have done this already.

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  #43 (permalink)
Elite Member
Cincinnati Ohio
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Futures Broker
Favorite Futures: AUD
 
Silver Dragon's Avatar
 
Posts: 1,597 since Feb 2011
Thanks: 3,860 given, 3,318 received



MultiCharts View Post
I think it's time to put an end to this pointless discussion. MultiCharts DT is a free quality product that a team of 40 people spent 6 years creating - all we ask for giving it away is that you tell others about it. If you don't like it, or the Facebook requirement - nobody is forcing you to use the product. There is always the free 30 day trial of the full product with no such requirement, so there's nothing more to discuss.

But as long as you are using our product, don't act in bad faith. Everyone has to go through our site to get MCDT and posting a direct link is a violation of our policy. Beside it just being a rude move on your part, it'll do no benefit in the long-run. Please remove that link, or we'll just have to make it dynamic.


MC, I fail to see why you can not take criticism. You can dish it out by calling people on this thread trolls or tell us our conversations are pointless (aka stupid) when the people in this thread, your potential customers, have valid concerns about the use of your product. Perhaps if you were a little more receptive to the concerns of this room you might actually sell more product.

Perception is everything my friend, and right now you are as negative as it gets.


PS. I thought about making it a requirement that I be thanked for this post before anyone could read it, but realized that not as many people would read it if I did.

SD

nosce te ipsum

You make your own opportunities in life.
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  #44 (permalink)
Elite Member
Battle Ground, WA
 
Futures Experience: Master
Platform: Multicharts DT & MBT Desktop Pro
Broker/Data: MB Trading
Favorite Futures: GBP/USD, EUR/GBP, EUR/USD, GBP/CHF, GBP/JPY
 
Posts: 75 since Feb 2011
Thanks: 10 given, 35 received


Silver Dragon View Post
MC, I fail to see why you can not take criticism. You can dish it out by calling people on this thread trolls or tell us our conversations are pointless (aka stupid) when the people in this thread, your potential customers, have valid concerns about the use of your product. Perhaps if you were a little more receptive to the concerns of this room you might actually sell more product.

Perception is everything my friend, and right now you are as negative as it gets.

Bravo Silver Dragon. Multicharts, your software is on-the-way to greatness. I believe it could dominate the market. It appears that you think very highly of it as well. Perhaps too much so. You are arrogant and hostile towards your customers. Not a great strategy.

Would you rather be Apple or Media100? I suppose Apple is not the best example of a non arrogance company, however they do have a focus on providing the best customer experience. Media 100 did not.


Last edited by DarkPool; November 25th, 2011 at 04:03 PM.
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  #45 (permalink)
Elite Member
Quebec
 
Futures Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: Stage 5 trading/AMP/CQG
Favorite Futures: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,697 since Oct 2009
Thanks: 3,041 given, 4,496 received


Fat Tails View Post
We can discuss the technical features of NinjaTrader and MultiCharts, but certainly not the marketing side.

...If MultiCharts want to sell their software to customers who actually use it for trading their accounts, they should target the typical trader, who I believe is male, over 50 years old and has accumulated enough money to trade an own account.

This target group is not on facebook. ...?

Maybe their marketing message is aimed at these people who have plenty of friends :

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

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  #46 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,651 since Mar 2010
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trendisyourfriend View Post
Maybe their marketing message is aimed at these people who have plenty of friends :

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

Those people seem to have an edge, but do you think that their edge will help them to make money with MultiCharts?

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  #47 (permalink)
Elite Member
Quebec
 
Futures Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: Stage 5 trading/AMP/CQG
Favorite Futures: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,697 since Oct 2009
Thanks: 3,041 given, 4,496 received


Fat Tails View Post
Those people seem to have an edge, but do you think that their edge will help them to make money with MultiCharts?

If we assume they can get a free copy of MC, maybe they could sell it to the 50 years old traders for a couple of bucks.

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  #48 (permalink)
Elite Member
Battle Ground, WA
 
Futures Experience: Master
Platform: Multicharts DT & MBT Desktop Pro
Broker/Data: MB Trading
Favorite Futures: GBP/USD, EUR/GBP, EUR/USD, GBP/CHF, GBP/JPY
 
Posts: 75 since Feb 2011
Thanks: 10 given, 35 received


trendisyourfriend View Post
If we assume they can get a free copy of MC, maybe they could sell it to the 50 years old traders for a couple of bucks.

They look like they could get more than a couple bucks from those guys for what they've got to sell...

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  #49 (permalink)
Trading Apprentice
New York, NY
 
Futures Experience: Intermediate
Platform: Mult . .
Favorite Futures: Futures
 
Posts: 47 since Oct 2011
Thanks: 49 given, 65 received

Think about it, many professional developers' salaries have to be paid for many years to bring a program of this nature to the market & maintain it ongoing. This is their full-time job, and they have vested their personal futures with the success of this program.

So it's fair that they ask for something in return for giving it away totally free.

The Facebook attempt appears to be the wrong direction - but no one is perfect all the time - they are just attempting to parlay this free giveaway into marketing mileage.

And as a user, you WANT them to be successful with those attempts. SOMEONE has to pay for your free software. Otherwise, your great free software goes away, & you're left to go pay good $$ for something half as powerful & twice as buggy (I promise you I've seen it happen more than once - most people on this forum probably have too).

So, my point here is that there is a tacit understanding when you download something like this for free, it is exclusively an attempt by the company to market itself. It is 100% fair. No one here is so naive to have assumed anything otherwise, right?

So, given that it's fair for them to ask for a little marketing help in exchange for great, free software, perhaps they can consider something more trader-friendly in return for the free downloads.

I say admit that the FB attempt was a sort of slip-up, apologize & forgive, & put some ideas together as to how to get some great marketing mileage in a way that both appeals to traders, & is also useful to MC & Co.

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  #50 (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



timefreedom View Post
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.


Could you elaborate on the better options? Backtesting is not my primary interest, but finding a good platform for that would be good.

To re-state my point. I would like to know why backtesting isn't approached the same way as market replay. I can certainly imagine why a programmer/software developer would prefer doing it in a way that takes advantage of program efficiencies. (I assume that's what's happening) But from a trader point of view, why would you subject your strategy development to a model that is anything less accurate than market replay? (I acknowledge that broadstroke analysis or larger time frame trading is less sensitive to this distinction, but still, if it can be done with more accuracy, it should be.)

In my discussions with MC, I got the impression that their backtesting does in fact calculate as a market replay. But reading this thread indicates I may be wrong about that.

Thanks.


Last edited by billr; November 25th, 2011 at 05:57 PM.
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