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The Cost of Ninjatrader
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The Cost of Ninjatrader

  #21 (permalink)
Vendor self-promotion
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KosherTrader View Post
Therefore most who pay for Photoshop at the full price are doing that for their business needs and have a near guarantee that by purchasing Photoshop they will increase their profitability.

I do not understand this claim. How can the purchase of any software offer a near guarantee of increasing profitability. This is not possible. Rather, it is impossible.

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  #22 (permalink)
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xiaosi View Post
Unbelievable.... and the reward for doing this would be...Karma?

It would be open-source, so anyone could modify it to improve it, therefore the quality would improve, eventually leading to better trade execution. Linux is proof that programmers take pride in working and improving on an open-source product and money is not the incentive.

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  #23 (permalink)
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solotrader View Post
I do not understand this claim. How can the purchase of any software offer a near guarantee of increasing profitability. This is not possible. Rather, it is impossible.

Depends on who is buying Photoshop. If it's a professional or qualified student there is a high probability that Photoshop will lead to revenue from job offers which require CS6 proficiency. The opposite is quite possibly true in trading, someone buying Ninjatrader could actually have a higher probability of losing money in trading than making money, and around $65 a month or $1300 (or higher depending on your income tax rate) would have to be made to get to breakeven just from Ninjatrader expenses.


Last edited by KosherTrader; October 24th, 2013 at 09:10 AM.
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  #24 (permalink)
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@KosherTrader
If you think an open source project has merit, then why don't you take on the project as the project manager and get it started. See what kind of response you get from the futures.io (formerly BMT) community.

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  #25 (permalink)
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MWinfrey View Post
@KosherTrader
If you think an open source project has merit, then why don't you take on the project as the project manager and get it started. See what kind of response you get from the futures.io (formerly BMT) community.


Let's hear from shodson and other programmers first.

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  #26 (permalink)
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KosherTrader View Post
Depends on who is buying Photoshop. If it's a professional or qualified student there is a high probability that Photoshop will lead to revenue from job offers which require CS6 proficiency. The opposite is quite possibly true in trading, someone buying Ninjatrader could actually have a higher probability of losing money in trading than making money, and around $65 a month or $1300 (or higher depending on your income tax rate) would have to be made to get to breakeven just from Ninjatrader expenses.

So according to your logic reckless drivers should not pay for cars or pay less than good drivers because they get hurt by their driving.

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  #27 (permalink)
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solotrader View Post
So according to your logic reckless drivers should not pay for cars or pay less than good drivers because they get hurt by their driving.

No, my point was that the probabilities of success or failure are skewed much more towards failure, i.e. financial losses, for a student or professional who purchases Ninjatrader than for someone who purchases CS6 Photoshop with the intent of using it for business purposes.

With the probabilities of success so low and cost so high compared to other professional products, an open-source platform seems like the logical solution.

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  #28 (permalink)
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KosherTrader View Post
No, my point was that the probabilities of success or failure are skewed much more towards failure, i.e. financial losses, for a student or professional who purchases Ninjatrader than for someone who purchases CS6 Photoshop with the intent of using it for business purposes.

With the probabilities of success so low and cost so high compared to other professional products, an open-source platform seems like the logical solution.


I must be confused. NinjaTrader is free. You can trade with it for free (as in no cost whatsoever), what is the issue? If you need to use Ninjas ATM strategies then yes you would need to pay the monthly free or buy the licence but if you want to trade for free (manually placing orders, stops, targets) and you seem like a chap who is all about low cost i don't understand how you can argue against free.

Do you understand you can actually trade with Ninja for free?

"Money is better than poverty, if only for financial reasons." - Woody Allen
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  #29 (permalink)
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Tasker_182 View Post
I must be confused. NinjaTrader is free. You can trade with it for free (as in no cost whatsoever), what is the issue? If you need to use Ninjas ATM strategies then yes you would need to pay the monthly free or buy the licence but if you want to trade for free (manually placing orders, stops, targets) and you seem like a chap who is all about low cost i don't understand how you can argue against free.

Do you understand you can actually trade with Ninja for free?

Free would be with the direct edition, which has limited functionality: "Direct Edition License allows you to trade live without purchasing a Live Edition License. This functionality to trade live without purchase means that certain features, such as Chart Trader, ATM strategies, NinjaScript, etc are not included as part of the license."

OCO orders are also not allowed

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  #30 (permalink)
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KosherTrader View Post
Free would be with the direct edition, which has limited functionality: "Direct Edition License allows you to trade live without purchasing a Live Edition License. This functionality to trade live without purchase means that certain features, such as Chart Trader, ATM strategies, NinjaScript, etc are not included as part of the license."

OCO orders are also not allowed

So you are incapable or unable to trade without those "features"?

"Money is better than poverty, if only for financial reasons." - Woody Allen
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