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Webinar: A discussion with Raymond Deux, CEO of NinjaTrader - and the debut of NT8!
Pretty simple... use your other charting packages. And then, when you realize they're not perfect, come on back to Ninjatrader and make some money. Same thing applies to your word processor, your cell phone, your kids school, your wife, your car, your golf clubs, your home, your fitness routine, your friends. It is what it is.
Another question that warrants attention is NT's current inability to correctly "execute" (at least in backtesting and in "managed" mode) 2 stop orders placed in opposite directions on one instrument.
E.g.
Buy on stop (...highest (high,10)...);
Short on stop (...lowest (low,10)...);
Its a real headache to code 'breakout' strategies, and you need to write a lot of lines to work around this issue...
reply of this style sounds unprofessional, we are having technical discussion.
No, I paid exactly for what I need - ability to SEND orders to ONE broker. Since NT allows "chart only" data for all brokers with SIM license, disabling all these chart-only brokers on single broker trading license purchase looks like intentional absurdish limitation. My suggestion/feature request would be to:
1. always allow connection to any broker for CHARTING only as your ad suggests, but,
2. charge single broker/multibroker license fee for ability to SEND orders to single broker or multiple brokers.
This was expected behavior upon single broker license purchase, however it turned out I was wrong.
-----------------------------------
side note (respectfully my opinion):
All this simply illustrates far more important flaw of NT - it's not only technical limitations that suck, but thinking of NT management that is outdated by some 15+ years and is not client oriented. If somebody asked me I would say that it's not skin that should be changed with NT8, but incompetent people driving NT direction, client relationship, update policies, etc. And I know more traders thinking likewise. So I kindly ask for tracking number for this feature we would all benefit. Maybe it will be "added to the list of future considerations" by shareholders
NT still thinks they can hide some obvious functionality everyone around is asking for years, competitors have already implemented, but NT thinks that's commercial secret and weeps about that on every webinar. Get real. Same with public votable wishlist/issue tracking (see example) - people speak about features in NT forum(!), futures.io (formerly BMT) even has wishlist thread, still NT don't want to make it transparent and give clients "what they need" vs "what NT wants". Poor way to keep clients.
Yes, I am referring to "managed" approach. If one wants to quickly test an idea, and just in general (the less code - the less there is a chance for errors), then it is only natural to use the simpler, "managed" approach. It is how it would be done in practice (2 orders submitted to the broker, OCA).
I understand that it might lead to some incorrect calculations in some situations, but the positive far outweighs the potential negatives and I would rather prefer to be warned and able to deal with the situation myself rather than not have such option at all.
NT is probably the only sftware that has such strange limitation.
Regarding your comments on limitations and connections, one of the minor drawbacks of NinjaTrader 7 in my opinion is that you can only use one data feed per instrument class, and not something like IQFeed for backfill and Rithmic for live data. (Unless I'm mistaken, then please do correct me).
Thanks for the clarification. With NT8, you will of course still be able to submit multiple orders simultaneously for breakout entry this still is relegated to the unmanaged approach.
