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NinjaTrader or Multicharts
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NinjaTrader or Multicharts

  #61 (permalink)
Elite Member
NC, USA
 
Futures Experience: None
Platform: None Yet
Favorite Futures: Guitar
 
MrYou's Avatar
 
Posts: 403 since Jun 2011
Thanks: 618 given, 193 received

I have to say, in order of importance... the lack of being able to develop automated trading strategies for MultiCharts for an indefinite period of time prior to trading live, their high pressure sales strategy, and now this lame Facebook requirement (which I don't use) has been more of a turn-off for me than the actual product itself.

I personally think NinjaTrader is probably more popular because it avoids those.

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  #62 (permalink)
Elite Member
Germany / Italy
 
Futures Experience: Advanced
Platform: a few...
Favorite Futures: all that move nicely, extend your horizons
 
Posts: 67 since Nov 2009
Thanks: 45 given, 31 received

interesting demaenor there for sure from MC, if they want a 'likle' on FB please add G+ as well

on a more serious thought I cant really imagine it works for them, if I have a good product let people taste it without any strings and let success unfold.

if you see what TS does with their system / trading ideas research lab, I could imagine giving likes for accessing this monthly idea think tank, this would be the right bonus to offer marketing wise.

on the general topic, 'better' is a problematic word that will not do justice - I use both and more and they are present for a reason - I like to have backups in place and not depend on one route for my personal trading.

a relaxed 3rd advent weekend to all.

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  #63 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,352 given, 83,230 received


You can't always get something for free, though many expect it. And you also can't please everyone...

So with NinjaTrader, you can develop strategies for free, you just can't trade them - or anything else - in a live account for free.

With MultiCharts DT you can trade as a discretionary trader for free, but you can't write strategies for free.

With MultiCharts (regular) you get a 30 day trial, and you can do whatever you want, but some say 30 days is not enough.

I think that in general, this illustrates that it is impossible to make everyone happy all the time

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.

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  #64 (permalink)
Elite Member
Russia, St.Petersburg
 
Futures Experience: Advanced
Platform: Sierra Chart
Broker/Data: AMP/Rithmic
Favorite Futures: Futures
 
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Posts: 242 since Jan 2011
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Ninjatrader!

My choice is Ninjatrader
I have tested almost all popular platforms and have come to a conclusion that all have minuses and pluses, but as a whole I all the same consider that Ninjatrader the best platform, both on convenience and on stability in work
To what I compared: Sierracharts, Multicharts, CQG integrated, CTS, Rithmic Trader Pro, Thinkorswim, TradeVec, Ensign , MarketDelta
I do not mind the money on the monthly payment for the platform, there's no point, all you need to earn money, Ninjatrader will provide you with a vengeance!

* If investing gets too difficult for a seventh grader to understand, the system is needlessly complex
* Markets produce an enormous volume of information, much of which is redundant
* In every game and con there's always an opponent, and there's always a victim. The trick is to know when you're the latter, so you can become the former
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  #65 (permalink)
Elite Member
California
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: ES
 
Posts: 50 since Dec 2011
Thanks: 101 given, 51 received

MC Manual Trading has too much bugs

I owned both MC and NT, if you do Manual/Chart Trading, use NT until MC fixes all the bugs in Master Strategy, NT handles ATM very well. Please try MC, enter for order with three targets, and then enter second order with three targets, then you will know how many bugs MC has in master strategy, they will mix all the profit targets, they will give you wrong quantity on profit targets, they will mix your stops.

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  #66 (permalink)
Elite Member
Laguna Beach, CA
 
Futures Experience: Intermediate
Platform: Still Deciding
Favorite Futures: CL, 3x ETFs
 
Posts: 2 since Nov 2011
Thanks: 2 given, 0 received

I've appreciated the thoughts many of you have shared on this (endless) topic! For the past 30+ days I've read and read as many threads as I could find on this topic so please know my questions come after all the reading.

Nonetheless - I still find myself undecided. Someone (not sure if this thread or another) mentioned the idea of starting with the free trials and then buying the cheapest of the 'finalists' and incrementally buying the pricier options if things don't work out. I've used Tradestation in the past and currently using the NT download & MC trial. My finalists are NT, MC, Amibroker, and Cyborg. I don't mind buying more than one platform but I'd rather not.

Here is my profile - I'd _really_ appreciate if any of these details trigger a recommendation from any of you! TIA!

- instruments: CL, ES, occassional ETF
- brokers: IB and TDA
- ZERO programming capability despite many attempts
- want most of my trading to be automated - nothing fancy, stuff like MACD crossovers and RSI
- would love to be able to utilize slope of a line (such as MACD signal), but not a must
- want to be able to have an individualized profit target that would vary depending on instrument *AND* the easy abilility to have a trailing and shrinking profit protection
- would like to be able to do all this with more/less point and click capability as well as the EASY ability to tweak details (i.e. do action at RSI > .19 instead of .20)

Thanks for any thoughts / recommendations for those who have similar approach/needs.

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  #67 (permalink)
Elite Member
Russia, St.Petersburg
 
Futures Experience: Advanced
Platform: Sierra Chart
Broker/Data: AMP/Rithmic
Favorite Futures: Futures
 
Jonson's Avatar
 
Posts: 242 since Jan 2011
Thanks: 210 given, 108 received


BytheSea View Post
I've appreciated the thoughts many of you have shared on this (endless) topic! For the past 30+ days I've read and read as many threads as I could find on this topic so please know my questions come after all the reading.

Nonetheless - I still find myself undecided. Someone (not sure if this thread or another) mentioned the idea of starting with the free trials and then buying the cheapest of the 'finalists' and incrementally buying the pricier options if things don't work out. I've used Tradestation in the past and currently using the NT download & MC trial. My finalists are NT, MC, Amibroker, and Cyborg. I don't mind buying more than one platform but I'd rather not.

Here is my profile - I'd _really_ appreciate if any of these details trigger a recommendation from any of you! TIA!

- instruments: CL, ES, occassional ETF
- brokers: IB and TDA
- ZERO programming capability despite many attempts
- want most of my trading to be automated - nothing fancy, stuff like MACD crossovers and RSI
- would love to be able to utilize slope of a line (such as MACD signal), but not a must
- want to be able to have an individualized profit target that would vary depending on instrument *AND* the easy abilility to have a trailing and shrinking profit protection
- would like to be able to do all this with more/less point and click capability as well as the EASY ability to tweak details (i.e. do action at RSI > .19 instead of .20)

Thanks for any thoughts / recommendations for those who have similar approach/needs.

Don't look on macd and rsi indicators and others, they have effect of delay and so on, find other things for trade
Use NT as platform and trade

* If investing gets too difficult for a seventh grader to understand, the system is needlessly complex
* Markets produce an enormous volume of information, much of which is redundant
* In every game and con there's always an opponent, and there's always a victim. The trick is to know when you're the latter, so you can become the former
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  #68 (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


manualtrader View Post
I owned both MC and NT, if you do Manual/Chart Trading, use NT until MC fixes all the bugs in Master Strategy, NT handles ATM very well. Please try MC, enter for order with three targets, and then enter second order with three targets, then you will know how many bugs MC has in master strategy, they will mix all the profit targets, they will give you wrong quantity on profit targets, they will mix your stops.

I have not heard of this problem with MC before. I currently use NT and was thinking about trying MC. It would be interesting to hear from Big Mike on this issue since he likes MC.

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  #69 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,352 given, 83,230 received


billr View Post
I have not heard of this problem with MC before. I currently use NT and was thinking about trying MC. It would be interesting to hear from Big Mike on this issue since he likes MC.

I was using the Sierra Chart DOM after I left NT and went to MC, before MC had their own DOM. Then the beta's came out of MC7 with the DOM, and I used it for a while. I ran into some problems unfortunately, so I stopped using it and went back to the Sierra DOM which I like better. Those problems were later fixed but I've just been too lazy to go back to MC dom, SC is nice and I am used to it.

@manualtrader should link to the Project Management requests he created (bug reports) so we can see the status of the bugs and if anyone else has reproduced them. I would imagine if such a bug was reproducible it would receive the highest attention at MC.

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.


Last edited by Big Mike; December 30th, 2011 at 07:32 AM.
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  #70 (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



BytheSea View Post
I've appreciated the thoughts many of you have shared on this (endless) topic! For the past 30+ days I've read and read as many threads as I could find on this topic so please know my questions come after all the reading.

Nonetheless - I still find myself undecided. Someone (not sure if this thread or another) mentioned the idea of starting with the free trials and then buying the cheapest of the 'finalists' and incrementally buying the pricier options if things don't work out. I've used Tradestation in the past and currently using the NT download & MC trial. My finalists are NT, MC, Amibroker, and Cyborg. I don't mind buying more than one platform but I'd rather not.

Here is my profile - I'd _really_ appreciate if any of these details trigger a recommendation from any of you! TIA!

- instruments: CL, ES, occassional ETF
- brokers: IB and TDA
- ZERO programming capability despite many attempts
- want most of my trading to be automated - nothing fancy, stuff like MACD crossovers and RSI
- would love to be able to utilize slope of a line (such as MACD signal), but not a must
- want to be able to have an individualized profit target that would vary depending on instrument *AND* the easy abilility to have a trailing and shrinking profit protection
- would like to be able to do all this with more/less point and click capability as well as the EASY ability to tweak details (i.e. do action at RSI > .19 instead of .20)

Thanks for any thoughts / recommendations for those who have similar approach/needs.

I would agree with Jonson. However, I am not that familiar with MC and would assume they also have the capability to do what you are looking for. I can say that NT will do what you are trying to do. Here are some things to consider:

-Writing/Programming Strategies: You can probably do what you describe without any programming using the NT strategy wizard. If you do need to program, MC (easy language) might be a shorter learning curve. Either one is certainly possible to learn for basic strategy creation without being a programmer. You can determine what variables/parameter values you want to be able to change as a user when creating the strategies in NT. Once you get one under your belt, it is much easier to adapt new indicators, etc. as you test different ideas.

-Broker: I don't know much about IB, but I think there are many users of NT/IB. I don't think you can use NT with TDA, but not sure. I recently opened an AMP futures account with a CQG data feed and that seems to be a relatively trouble free combo. (unlike MBTrading) But you only have futures, no ETF's.

-Trading: Regarding Jonson's comment on using indicators for automated trades, he is right. But don't let that discourage you from trying out your ideas. I encourage you to build your strategies and test your ideas in SIM, or Market Replay to see how they perform. Even if you find out they don't work, the exercise can be quite useful in building your trading skills. NT also has their Strategy Analyser that has some problems, but if you don't try to trade at the scalping level or very short time frames, the Strat Analyzer can be helpful in finding any weaknesses with your trading strategy ideas. (Don't use special charts like Renko or Range with the Strat Analyzer, you will get artificially good results that can mislead you. Stick with Market Replay). Also, if you are just getting started in trading, I would encourage you to look into the importance of trade and risk management as part of your trading strategy.

-I have found that while NT is not perfect and can be frustrating, it seems much more stable that it was in the early stages of NT7 (when I first started with NT). And since leaving MBT, life with NT has been much less frustrating.
So all I can say is that NT will allow you to do what you are describing without having to start over with a new platform in 3 months. That said, Mike has made some pretty convincing arguments in favor of MC. My bet is that either one will do what you want. (I am concerned with the comments from Manualtrader in this thread though)

Good luck.

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