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Webinar: NinjaTrader Advanced Topics with Raymond Deux, Oct 4 2011
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Webinar: NinjaTrader Advanced Topics with Raymond Deux, Oct 4 2011

  #11 (permalink)
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The recording for today's webinar has been posted:

Webinar: One-on-One with the President of NinjaTrader




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  #12 (permalink)
 Vendor: www.probabletrades.com 
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Thanks Ray for your time. I thought your answers were well thought, insightful, fair and felt that you really care about providing a good trading ecosystem for users and partners. I'm looking forward to NT8, whenever that is (don't give a date until you're sure you can meet it!!!!)

Along that line, however, BigMike had a good question about different builds like a lot of other products, though you see this more frequently in the open source world. It would be interesting to have nightly builds available that are unsupported by Ninjatrader support. However, I see the risk if someone decides to live trade with an unstable, nightly build/beta, then blames you/NT for losing money. For that reason and others it might not make business sense to provide unstable, unspported builds. Maybe the nightly builds could have live trading turned off so people can still use the other features without the risk of losing money. Just my $0.02.

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  #13 (permalink)
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shodson View Post
Thanks Ray for your time. I thought your answers were well thought, insightful, fair and felt that you really care about providing a good trading ecosystem for users and partners. I'm looking forward to NT8, whenever that is (don't give a date until you're sure you can meet it!!!!)

Along that line, however, BigMike had a good question about different builds like a lot of other products, though you see this more frequently in the open source world. It would be interesting to have nightly builds available that are unsupported by Ninjatrader support. However, I see the risk if someone decides to live trade with an unstable, nightly build/beta, then blames you/NT for losing money. For that reason and others it might not make business sense to provide unstable, unspported builds. Maybe the nightly builds could have live trading turned off so people can still use the other features without the risk of losing money. Just my $0.02.

You are very welcome and also a thank you to you and all of the others who took time out of their busy schedule to listen to me speak. I enjoyed sharing my thoughts about NinjaTrader.
Thanks also for sharing your thoughts on nightly builds.

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  #14 (permalink)
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OCO orders

@Big Mike

I don't know if this was discussed during the webinar or not (I listened to the webinar). Why does NT7 not execute any OCO or other orders after my computer goes to sleep or is shutdown? For example, in Metatrader, I can place my orders, go to sleep and if price moves through my stop or entry, my trade is filled.

I am sure there is a more technical explanation for this. Is it because in Metatrader, you are always logged and connected, whereas in NT once your computer is off, you are not connected anymore. I hope my question makes sense.

Basically, I would like to place my order, go to sleep and have my orders executed regardless if my comp goes to sleep or not.

Thanks

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  #15 (permalink)
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kulu View Post
@Big Mike

I don't know if this was discussed during the webinar or not (I listened to the webinar). Why does NT7 not execute any OCO or other orders after my computer goes to sleep or is shutdown? For example, in Metatrader, I can place my orders, go to sleep and if price moves through my stop or entry, my trade is filled.

I am sure there is a more technical explanation for this. Is it because in Metatrader, you are always logged and connected, whereas in NT once your computer is off, you are not connected anymore. I hope my question makes sense.

Basically, I would like to place my order, go to sleep and have my orders executed regardless if my comp goes to sleep or not.

Thanks

In short, if OCO orders are supported server side then you can shut NinjaTrader off. If they are managed client side, you need to keep NinjaTrader running.

You can see if your brokerage technology supports server side OCO orders here - Where do your orders reside? - NinjaTrader Support Forum

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  #16 (permalink)
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NinjaTrader View Post
In short, if OCO orders are supported server side then you can shut NinjaTrader off. If they are managed client side, you need to keep NinjaTrader running.

You can see if your brokerage technology supports server side OCO orders here - Where do your orders reside? - NinjaTrader Support Forum

Thanks for your response. So are you saying that this is not a ninjatrader issue (for lack of a better word)? More of a brokerage technology (Mirus/ZenFire) issue?

Thanks

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  #17 (permalink)
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kulu View Post
Thanks for your response. So are you saying that this is not a ninjatrader issue (for lack of a better word)? More of a brokerage technology (Mirus/ZenFire) issue?

Thanks

No problem. What I am saying is that that OCO support is provided either natively by the brokerage technology if not, its simulated on client side.

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  #18 (permalink)
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What a disappointment


Big Mike View Post
Great webinar
Mike

really?!!

personally I am very disappointed after this webinar. That was poor webinar with lot's of defensive marketing talk and empty promises. Evasive, non direct answers, [looks like] intentionally missing question point.

This webinar could have been open talk between NT and community in a way "yes we know we are lagging, but this is how we are going to fix features and improve ties with community". But it turned out to be "there is nothing wrong, nothing happening and we planning to do something the way it's comfortable for us, oh here is candy by the way".

In short after this webinar we know that: we will have improvements in NT8. That's it. What a "blessing". What exactly, how exactly, when, etc. remains to be guessed.

Features/Release cycles:
NT independently chooses what features should be important for us. Release cycles are unknown what means if NT chooses to implement some features on it's own without consulting community we could be stuck for years waiting some improvements. It's like waiting for solution and after years of waiting - surprise surprise we get not what majority expect.
Another point - if X company wants to base it's solution around NT and it's long term investment X company wants to know release cycles and direction of NT development. Otherwise it's like buying "a pig in a poke".

Community/relationship:
NT doesn't respect it's user community and is stuck in 15year old proprietary philosophies to protect something that is obvious. NT doesn't understand that it makes product for users and real asset is happy user community. While many companies step forward and engage in two way transparent communication giving users some degree to influence final product, NT remains closed and feeds us with marketing b.s. and shining future promises without any terms, priorities, votable wishlists, etc. In this way NT developers lost touch with reality and real demand going themselves independently.

Let's acknowledge NT is strongly lagging behind number of other trading platforms. That is obvious to anybody working longer in trading business, people on futures.io (formerly BMT) moving to another platforms, even Big Mike himself. NT's major advantage (AND disadvantage at the same time) is C# scripting. We can tolerate feature lag for a while and make workarounds, but I don't think community will tolerate empty hung in time promises, defensive marketing b.s. like in this webinar and "we know better what you need" attitude from NT. That's food for thought for NT's BOD.

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  #19 (permalink)
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andrewtrader View Post
really?!!

personally I am very disappointed after this webinar. That was poor webinar with lot's of defensive marketing talk and empty promises. Evasive, non direct answers, [looks like] intentionally missing question point.

This webinar could have been open talk between NT and community in a way "yes we know we are lagging, but this is how we are going to fix features and improve ties with community". But it turned out to be "there is nothing wrong, nothing happening and we planning to do something the way it's comfortable for us, oh here is candy by the way".

In short after this webinar we know that: we will have improvements in NT8. That's it. What a "blessing". What exactly, how exactly, when, etc. remains to be guessed.

Features/Release cycles:
NT independently chooses what features should be important for us. Release cycles are unknown what means if NT chooses to implement some features on it's own without consulting community we could be stuck for years waiting some improvements. It's like waiting for solution and after years of waiting - surprise surprise we get not what majority expect.
Another point - if X company wants to base it's solution around NT and it's long term investment X company wants to know release cycles and direction of NT development. Otherwise it's like buying "a pig in a poke".

Community/relationship:
NT doesn't respect it's user community and is stuck in 15year old proprietary philosophies to protect something that is obvious. NT doesn't understand that it makes product for users and real asset is happy user community. While many companies step forward and engage in two way transparent communication giving users some degree to influence final product, NT remains closed and feeds us with marketing b.s. and shining future promises without any terms, priorities, votable wishlists, etc. In this way NT developers lost touch with reality and real demand going themselves independently.

Let's acknowledge NT is strongly lagging behind number of other trading platforms. That is obvious to anybody working longer in trading business, people on futures.io (formerly BMT) moving to another platforms, even Big Mike himself. NT's major advantage (AND disadvantage at the same time) is C# scripting. We can tolerate feature lag for a while and make workarounds, but I don't think community will tolerate empty hung in time promises, defensive marketing b.s. like in this webinar and "we know better what you need" attitude from NT. That's food for thought for NT's BOD.


Quoting 
2. Customers cannot tell you what they need
“Apple market research” is an oxymoron. The Apple focus group was the right hemisphere of Steve’s brain talking to the left one. If you ask customers what they want, they will tell you, “Better, faster, and cheaper”—that is, better sameness, not revolutionary change. They can describe their desires only in terms of what they are already using—around the time of the introduction of Macintosh, all that people said they wanted was a better, faster, and cheaper MS-DOS machine. The richest vein for tech startups is creating the product that you want to use—that’s what Steve and Woz did.

What I learned from Steve Jobs | Apple - CNET News

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  #20 (permalink)
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I am afraid you missed my points. And business people know very well what they need to make more money. It's unfortunate thou that NT users are business people too... Also following your article next step would be to "jump next curve" by moving silently to say MC and forget everything.

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