Webinar: NinjaTrader Advanced Topics with Raymond Deux, Oct 4 2011 - NinjaTrader | futures io social day trading
futures io futures trading


Webinar: NinjaTrader Advanced Topics with Raymond Deux, Oct 4 2011
Updated: Views / Replies:10,309 / 28
Created: by Big Mike Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

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

  #21 (permalink)
Elite Member
Calcutta, India
 
Futures Experience: Intermediate
Platform: ArthaChitra
 
Posts: 278 since Jun 2009
Thanks: 161 given, 259 received


andrewtrader View Post
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.

ahh, glad you didnt say the jump will be to metastock. the next step in reality doesnt exits, but it is created by vision, innovation.and innovation does not comes from consensus. how many polls/user feedback steve jobs take before launching iphone?

no platform/software is perfect. rather i say, every users need is unique and sometimes (if not always) no one software can meet all the requrements the users. but the uniqueness of ninja lies in ninjascript. personally, whatever nt lacked, i could fill the void by simply making an indicator. i am yet to come across any other software which gave me such flexibility.


Last edited by bukkan; October 9th, 2011 at 02:02 AM.
Reply With Quote
 
  #22 (permalink)
 Vendor: www.edevaay.com 
Al,India
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: RKG
Favorite Futures: NiftyFuture
 
devdas's Avatar
 
Posts: 1,547 since Feb 2010
Thanks: 1,460 given, 1,661 received


bukkan View Post
but the uniqueness of ninja lies in ninjascript. personally, whatever nt lacked, i could fill the void by simply making an indicator.

actuallly infact its not ninjatrader platform or ninjascript....at the heart its C#..a powerfull pro language...

Harvest The Moon
Nest The Market
Reply With Quote
 
  #23 (permalink)
 Vendor: www.probabletrades.com 
OC, California, USA
 
Futures Experience: Advanced
Platform: IB/TWS, NinjaTrader, thinkorswim
Favorite Futures: stocks, options, futures, VIX
 
shodson's Avatar
 
Posts: 1,860 since Jun 2009
Thanks: 480 given, 3,255 received



andrewtrader View Post
really?!!

I think a lot of problems could be addressed if Ninjatrader spent more time making point releases (7.1, 7.2, etc) instead of working on multi-year, major releases which are giant, risk-laden infrastructural overhauls (NT8) that leave customers waiting for enhancements for dozens of months and long, bug-ridden beta cycles.

Another thing unique about their model is "pay once, get upgrades for life." Most software companies don't do this and instead, charge for upgrades on major releases but give free point releases/updates. The benefit of this is that the company is incentivized to make new major releases in a timely manner that can generate revenue, and the customer likes getting free point releases that improve the product in the meantime. Also, instead of paying a large lump sum of $1K up front for a license, you could charge, say, $299 for the software, then charge for major upgrades. This lowers the entry price but could lower the overall lifetime value of the customer if they buy just 1 version and never upgrade because they give up on trading or switch to another platform. However, you may be able to make money on the lower entry price with higher volume, but your support costs probably go up as well.

Another problem is that you have guys that don't want to upgrade and you have to support 4,5, 6+ past versions of software. That could be mitigated by end-of-life-ing older versions so you don't have to support those anymore. Also, it requires more complex source code management (multiple trunks for each major release, branches off of branches for support of point releases, etc) but it can be done, and is done all of the time.

I was surprised that for a 40-person company, 30 of them are support people. It seems like they should beef up the development staff. This could be a byproduct of their revenue model. For example, I bought a lifetime license, but odds are they will never make another dime from me even though I keep getting newer and newer versions of their software. Meanwhile, they have to provide the support that I expect from them during the lifetime of my patronage with them. I think they need a better way to extract revenue from customers to help continued funding of their support staff while at the same time properly funding R&D and innovation for newer versions.

Reply With Quote
The following 5 users say Thank You to shodson for this post:
 
  #24 (permalink)
Elite Member
Lithuania
 
Futures Experience: Intermediate
Platform: MBT DesktopPro, Multicharts,NinjaTrader
Broker/Data: MBT,CQG/AMP
Favorite Futures: Forex
 
Posts: 57 since May 2011
Thanks: 43 given, 31 received


shodson View Post
I think a lot of problems could be addressed if Ninjatrader spent more time making point releases (7.1, 7.2, etc) instead of working on multi-year, major releases which are giant, risk-laden infrastructural overhauls (NT8) that leave customers waiting for enhancements for dozens of months and long, bug-ridden beta cycles.

exactly, completely agree.


shodson View Post
Another thing unique about their model is "pay once, get upgrades for life." Most software companies don't do this and instead, charge for upgrades on major releases but give free point releases/updates. The benefit of this is that the company is incentivized to make new major releases in a timely manner that can generate revenue, and the customer likes getting free point releases that improve the product in the meantime. Also, instead of paying a large lump sum of $1K up front for a license, you could charge, say, $299 for the software, then charge for major upgrades. This lowers the entry price but could lower the overall lifetime value of the customer if they buy just 1 version and never upgrade because they give up on trading or switch to another platform. However, you may be able to make money on the lower entry price with higher volume, but your support costs probably go up as well.

good points, I think most people would subscribe to idea to get improvements more often and have to pay less for initial version. Also NT could follow model to give discretionary trading features for one entry price affordable to everyone, and give additional features (like development, backtesting) for upgraded, more expensive version. Idea behind is that not every new trader is programmer or will ever want to dig into code.


shodson View Post
I was surprised that for a 40-person company, 30 of them are support people. It seems like they should beef up the development staff. This could be a byproduct of their revenue model. For example, I bought a lifetime license, but odds are they will never make another dime from me even though I keep getting newer and newer versions of their software. Meanwhile, they have to provide the support that I expect from them during the lifetime of my patronage with them. I think they need a better way to extract revenue from customers to help continued funding of their support staff while at the same time properly funding R&D and innovation for newer versions.

that's pretty obvious to anybody that they are understaffed with interface programmers. Adding one checkbox half of the forum raves about to NT interface is not a big deal for any programmer and changing object property to make for example toolbar floating is easy too. Instead they only manage to keep up with hotfixes. Also it looks completely strange for NT to ignore real commercial opportunities by refusing to add highly popular data feed connectors... So either problem is rotten brains at highest levels of management, failing to put priorities or they are short of programmers and lack of versioning protocols/workflow management.

Another thing - it looks completely strange to see all features and pretty complex NT functionality combined to one big fat program. This way for sure, if one single smallest part fails (because of say new addition community asks), whole program crashes. In contrast if NT worked more like client-server way, where different tasks are split to separate programs and they interact between each other i.e. data retrieval-storage is one program/service, backtesting - another separate program, Control Center and charting, dev. editor - again separate programs, this way each part could have it's own source trunk, probably independent upgrade cycle and adding one additional interface change or feature would not threaten whole program. Charting/interface=face of NT could be improved and beautified faster. So here we simply talk about lack of intelligent architecture from the very beginning and problems arising from that now.

Reply With Quote
 
  #25 (permalink)
Administrator: Retired Backtester
 Vendor: speedytradingservers.com 
Rennes France
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: IB/Kinetick
Favorite Futures: Futures
 
sam028's Avatar
 
Posts: 3,366 since Jun 2009
Thanks: 3,574 given, 3,983 received


andrewtrader View Post
...
Also it looks completely strange for NT to ignore real commercial opportunities by refusing to add highly popular data feed connectors...

CQG, IB, ESignal, IQFeed, Kinetick, ZenFire, MBT, Pats, TT, ...
Who are these highly popular data feeds ?
Dukas may be one of them, but that's all I can find...

Success requires no deodorant! (Sun Tzu)
Reply With Quote
 
  #26 (permalink)
Elite Member
Lithuania
 
Futures Experience: Intermediate
Platform: MBT DesktopPro, Multicharts,NinjaTrader
Broker/Data: MBT,CQG/AMP
Favorite Futures: Forex
 
Posts: 57 since May 2011
Thanks: 43 given, 31 received


sam028 View Post
CQG, IB, ESignal, IQFeed, Kinetick, ZenFire, MBT, Pats, TT, ...
Who are these highly popular data feeds ?
Dukas may be one of them, but that's all I can find...

take a look how many of these support 64bit. And yes, Dukas and some others. If you look towards fx arena, you can grasp wast idea I have in mind... But for now enough golden ideas

Reply With Quote
 
  #27 (permalink)
Elite Member
Valdosta, GA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES, Currency Futures, Stocks
 
Posts: 3 since Mar 2011
Thanks: 1 given, 1 received

im not sure if this was covered in the webinar... but did Ray answer why Market-If-Touched orders have never been a part of ninjatrader? That is one of my biggest pet-peeves for me. Every other platform supports it yet for as long as i can remember, Ninjatrader says "It is on the list of future considerations." This is from early 6 to current versions

Reply With Quote
 
  #28 (permalink)
 Vendor: www.probabletrades.com 
OC, California, USA
 
Futures Experience: Advanced
Platform: IB/TWS, NinjaTrader, thinkorswim
Favorite Futures: stocks, options, futures, VIX
 
shodson's Avatar
 
Posts: 1,860 since Jun 2009
Thanks: 480 given, 3,255 received


tdmtrader View Post
im not sure if this was covered in the webinar... but did Ray answer why Market-If-Touched orders have never been a part of ninjatrader? That is one of my biggest pet-peeves for me. Every other platform supports it yet for as long as i can remember, Ninjatrader says "It is on the list of future considerations." This is from early 6 to current versions

how is a market if touched order different from a stop order?

Reply With Quote
 
  #29 (permalink)
Elite Member
Denver, CO
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: NinjaTrader Brokerage
Favorite Futures: ES
 
NinjaTrader's Avatar
 
Posts: 1,260 since May 2010
Thanks: 153 given, 1,890 received


shodson View Post
how is a market if touched order different from a stop order?

For example, a buy stop market order is valid above the curret market price but will be rejected if submitted below the market. A buy market if touched order is valid below the market. So, if you placed a buy limit below the market, you are filled once your up in the queue, an MIT at the same price would trigger at market once the price was touched.

Reply With Quote

Reply



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

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Webinar Sept 28th, 4:30pm Eastern: Advanced Ninjascript Strategy Programming @shodson shodson The Elite Circle 68 October 1st, 2017 08:05 PM
Webinar: CQG Trading Platform August 3 2011 Big Mike CQG 30 September 6th, 2013 07:35 AM
Webinar: Sierra Chart Advanced Sep 15 2011 Big Mike Sierra Chart 12 September 16th, 2011 03:03 PM
Webinar: NewPageTrader, Aug 16th 2011 Big Mike Platforms and Indicators 30 August 30th, 2011 02:56 AM
Webinar: Volume Ladder Feb 2011 timmyb The Elite Circle 14 February 28th, 2011 05:33 PM


All times are GMT -4. The time now is 01:23 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-18 in 0.15 seconds with 19 queries on phoenix via your IP 54.92.201.232