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NinjaTrader or Multicharts
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NinjaTrader or Multicharts

  #81 (permalink)
Elite Member
GER
 
Futures Experience: Advanced
Platform: MC
Favorite Futures: ES
 
Posts: 144 since May 2011
Thanks: 11 given, 211 received


crosscreek View Post
I tried MC, but could not stand the convoluted way to change time frames within a chart. In NT, you just type "2m" for instance in the chart and get a 2 mns chart (if I missed something there, please enlighten me).

View-> Toolbars->Check Command Line then you could type in every symbol/interval combination you want, ie for a 2m chart type in "2 Minutes".

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  #82 (permalink)
Elite Member
Houston,Tx
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: Mirus Futures/Zen-Fire
Favorite Futures: TF
 
ThatManFromTexas's Avatar
 
Posts: 2,302 since Feb 2010
Thanks: 1,208 given, 4,293 received


gktk View Post
mm i agree, MC are not the most professional in their forum comments.

Yea , but.... they are a "Hoot" to talk to for support .....

No support for you... come back one year....

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

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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The following user says Thank You to ThatManFromTexas for this post:
 
  #83 (permalink)
Elite Member
Australia
 
Futures Experience: Advanced
Platform: NinjaTrader, Multicharts
Favorite Futures: Spot Forex, Gold, Silver
 
Posts: 176 since Oct 2010
Thanks: 114 given, 114 received



ThatManFromTexas View Post
Yea , but.... they are a "Hoot" to talk to for support .....

No support for you... come back one year....

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



Hahaha... damm you... was holding my coffee when I read your post and now my keyboard is wet

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  #84 (permalink)
Trading Apprentice
Helsinki Finland
 
Futures Experience: Beginner
Platform: evaluating various
Favorite Futures: Currency Futures
 
Posts: 7 since Jul 2012
Thanks: 0 given, 1 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.

(I was intending this as private message but as new user I can't pm ..)

Hi. You said in sierra vs mc thread

>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.

I'm interested to hear the better options and also if any of the better options offer chart based strat backtesting like ability in MC to watch the backtest as "playback" on a chart and easily visually study what happened and I'd like to use non-time based charts with multiple "resolutions" simultaneously on multiple instruments and instruments made out of other instruments without having to write a ton of code. And of course nice to have but optional would be to backtest a workspace open simultanously as a forward test of the same workspace to do trivial comparison of the backtest result vs paper trade and live results. This was pretty darn quick way to find out issues with MC.NET backtesting! I'd prefer not to waste a lot of time to find that something doesn't do the job. Currently I'm looking workarounds to MC's issues but am still open to trying more platforms as my trial is over in 2 weeks.

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  #85 (permalink)
Trading for Fun
London
 
Futures Experience: None
Platform: mc, TS, ninja
Favorite Futures: es
 
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Posts: 118 since Mar 2010
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nothing is perfect, it is a balance act
I would always go with the market leader, whatever that is in your mind.

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  #86 (permalink)
Elite Member
New York, NY
 
Futures Experience: Intermediate
Platform: Sierra Chart, thinkorswim
Broker/Data: Amp-Rithmic/TT, IB
Favorite Futures: CL, GC, NQ
 
Posts: 569 since Nov 2010
Thanks: 1,797 given, 249 received


manualtrader View Post
MC is a great charting software, that's why I switched from NT, but there are a lot of bugs in ATM trading, which makes it very very difficult for real time trading, and I contacted Andrew, Henry, Katrin, Roman, and they all GREAT people trying to help me. Here are the ATM trading problems:

All these bugs make me so frustrated when I can't manage my trades corrrectly. I know many people are doing auto trading, but MC should not ignore the bugs in manual trading, because all new traders will start with manual trading, once they tried MC, they will go to NT for solution, NT handles ATM very well.

@manualtrader, or anyone currently using MC for discretionary trading. Has MC corrected any bugs in their manual trading/ATM strategies? Does it work as well as NT in this area now?

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  #87 (permalink)
Elite Member
SINGAPORE
 
Futures Experience: Intermediate
Platform: TS, TOS, MC
Broker/Data: TOS, IB, TS
Favorite Futures: Options, Stocks, ETFs
 
Posts: 28 since Jun 2012
Thanks: 13 given, 13 received

Advice Needed for a New Trader

Dear all & especially to BM,

I'm new to this forum & have read up a lot about MC in this forum.

I have also downloaded NT7 a short while ago, and though I have some programming knowledge, I found coding complex strategy such as MTF (Multiple Time Frame) type to be quite a challenge.

I think MC8 could be what I need to have a faster learning curve, and would like to hear from anyone who can advice on whether I should go for NT or MC. (You can indicate if NT or MC is better for each of the requirement items listed below, and preferably list out why this is so).

So far, I think NT or MC are the 2 best choice. If you

1. I need to code my strategy in MTF (Multiple Time Frame), and backtest the strategy. I know a bit of programming but hope to learn it faster to code the strategy.
2. Besides backtesting historical data, I need to do walk foward testing.
3. I need the backtesting to be as accurate & realistic as possible like being able to drill down inside bar. (I read that MC is able to do this easily & NT is possible but requires complex coding? Is this still the same with NT?)
4. I am trading stocks currently & need to be able to backtest the strategy on a portfolio of equities. I understand MC is able to do this. Is NT7 able to do it too now?
5. The chosen platform must be able to receive data-feed (real & historical) from IB.
6. I need the chosen platform to be able to connect via my broker which is IB (Interactive Broker) for automatic execution of orders (strategy will scan a portfolio of equities, and execute orders automatically).
7. When it comes to discretionary trading via DOM & Chart Trader, has MC8 already provided this solution or is NT still the preferred choice?
8. I'm considering longer historical minutes data for backtesting which IB can't provide. If so, which data-feed provider should I look at so that I can use it for backtesting/strategy & also implement auto-trade via IB?
9. I need charts to be able to be dragged to multiple monitors.
10. I read that NT is excellent for DOM & chart trading but it tends to crash more often. Is this still the case with the latest NT7 64-bit?
11. Past forum said that MC chart trader or DOM is still not as polish as NT. Is this still the case with latest version MC8?

Hardware:
CPU: Core i7
OS: Windows Home Premium 64-bit
RAM: 8GB

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  #88 (permalink)
Scarecrow
CA USA
 
Futures Experience: Intermediate
Platform: MultiCharts
Broker/Data: DDT+land/Rithmic/IQ
Favorite Futures: S&P500,6E,YM
 
program's Avatar
 
Posts: 100 since Nov 2010
Thanks: 127 given, 63 received




mattz View Post
When choosing a platform, here are a few things to consider:

Interface Design-Does the platform have a visual appeal? This plays a role as to how intuitive the platform will be for you as a trader. More sophisticated traders will find it easier to navigate through some platforms, while beginners will find it a little bit harder to discover all the features.

Time Frame - What sort of time frame are you trading? I find that some platforms are absolutely overwhelming for longer term traders while others are useless for short term traders. I am not sure why is the case, but working with customers over the years, I have learned carefully to listen to their style and match accordingly.

"Bells and Whistles" - What do you truly need out of a platform? Just because a certain platform is feature-rich does not mean you need it. Platforms are like fashion, every year a trader needs a new toy that will make him a "better-trader".
Make sure that you are truly going to enjoy the features and BENEFITS that each platform may carry. At the very least, stay committed to learning the platform inside and out if there are features that you think could be utilized.

Stability, Support and Feed: The platform support are just as equally important as your brokers. You have to feel like you are in a team environment, and the platforms vendors will jump in to help you along with the broker. Does your broker know your platform? Is he "pushing" something popular that he does not have an understanding of? The feed is SO important as well. The feed will determine the speed of execution. We use Rithmic and we received good feedback from traders who have used other feeds before, but again, this is a biased opinion from our group.

Becoming a trader also means independent thinking.
Demo the platforms, and determine for yourself what is right for you.
At the end you should be able to say "I made the choice!"

Matt

I decided on MC8... mostly for ease of use.
let us know what you decide or if we can help further.

I have approximate answers, possible beliefs and different degrees of certainty of different things. But I'm not absolutely sure of anything and there are many things i don't know anything about.
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  #89 (permalink)
Elite Member
SINGAPORE
 
Futures Experience: Intermediate
Platform: TS, TOS, MC
Broker/Data: TOS, IB, TS
Favorite Futures: Options, Stocks, ETFs
 
Posts: 28 since Jun 2012
Thanks: 13 given, 13 received

NT or MC

Program,
Thank you for those references which I've read them.
Some of the treads have been posted quite a while ago.
I think MC is more appropriate for me as I want to have a good platform for doing backtesting/walk forward testing. I think MC seems to be ahead of NT in this aspect & it's easier to code the strategy/backtest in EL vs C#.
However, I read & understand that NT support seems to be better (MC has actually pull out support in this futures.io (formerly BMT) forum). In addition, NT7 seems to be better in DOM/Chart Trader as compared to MC (has MC8 improved on this?).

If I can feel comfortable with MC8 DOM/Chart Trader execution & its own website support is comparable to NT, then I will go for MC8 as I feel a more accurate backtesting is necessary. Please let me know what you think?

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  #90 (permalink)
Scarecrow
CA USA
 
Futures Experience: Intermediate
Platform: MultiCharts
Broker/Data: DDT+land/Rithmic/IQ
Favorite Futures: S&P500,6E,YM
 
program's Avatar
 
Posts: 100 since Nov 2010
Thanks: 127 given, 63 received



NLD1888 View Post
Program,
Thank you for those references which I've read them.
Some of the treads have been posted quite a while ago.
I think MC is more appropriate for me as I want to have a good platform for doing backtesting/walk forward testing. I think MC seems to be ahead of NT in this aspect & it's easier to code the strategy/backtest in EL vs C#.
However, I read & understand that NT support seems to be better (MC has actually pull out support in this futures.io (formerly BMT) forum). In addition, NT7 seems to be better in DOM/Chart Trader as compared to MC (has MC8 improved on this?).

If I can feel comfortable with MC8 DOM/Chart Trader execution & its own website support is comparable to NT, then I will go for MC8 as I feel a more accurate backtesting is necessary. Please let me know what you think?


MC vs NT has been beaten to death on this forum so i'll keep it short...

If you want to write your own strategies/indicators and are not a programer then I would recommend MC over Ninja hands down.
I've also found MC to be far more stable and better for back testing. No problems for me with MC customer service, quite the contrary actually, they were more than helpful on a few occasions. I love futures.io (formerly BMT), so it really does suck that they pulled out (can't help but feel responsible sometimes ) but there still is a lot of support for MC/easylanguage here. In fact the generosity of some of the members is beyond tremendous.

Basically i realized that neither would make me a better or worse trader... so, the decision was which had a more suitable learning curve and which was more dependable and/or stable..??
but you can't really go wrong either way


-Mark

I have approximate answers, possible beliefs and different degrees of certainty of different things. But I'm not absolutely sure of anything and there are many things i don't know anything about.
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