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The Cost of Ninjatrader


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The Cost of Ninjatrader

  #41 (permalink)
 
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 Big Mike 
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  #42 (permalink)
 
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 shodson 
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Big Mike View Post
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Mike

Yeah, I guess so. Didn't seem very interested in trying to improve himself in becoming a better trader or helping others become better, just wanted to complain a lot.

I'm sure he'll find a nice home at Elite Trader.

Move on...

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  #43 (permalink)
 
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 Tasker_182 
Cedar Rapids, iowa
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He was a pot stirrer for sure.

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  #44 (permalink)
 Itchymoku 
Philadelphia
 
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I think Ninja trader should just get rid of the free version all together if they don't allow ocos because it's dangerous to not trade with out a stop-loss. The majority of people who don't want to pay are probably newbies who might think it's okay not to use a stop since it isn't provided either. Anyways, all reliable trading software cost money because money is necessary to upkeep the software and pay for tech support. You just have to pick the best of the evils. Sierra chart's package 3 is probably a cheaper choice for what Koshertrader is trying to do with Al's method. NT is better suited for automated trading if I'm not mistaken.

R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
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  #45 (permalink)
 traderwerks   is a Vendor
 
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I think he was focusing on the wrong part of his trading. A VPS from @Sam28 and monthly Ninja license will set you back $120 a month. Much less than a monthly X_Trader license. Much, much less than what desk fees cost back in the day.


I remember talking about fees to a hedge fund manager years ago, and this is the gist of it. 'Do I care about the fees? Yes, but I care about the net more. Fees only matter in the absence of value' He is not generating an edge ( value ) so fees matter to him. Once you have proven your edge to yourself, I don't think anyone would complain about $120 a month. Until then, stick to SIM or head over to Micro FX where the platform (MT4) is free.

Math. A gateway drug to reality.
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  #46 (permalink)
 
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 Big Mike 
Manta, Ecuador
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It's like a professional dentist that wants free office space, free advertising, and free staff -- to save money, instead of spending on those items that are crucial to his success.

Mike

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  #47 (permalink)
 
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 Tasker_182 
Cedar Rapids, iowa
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Itchymoku View Post
I think Ninja trader should just get rid of the free version all together if they don't allow ocos because it's dangerous to not trade with out a stop-loss. The majority of people who don't want to pay are probably newbies who might think it's okay not to use a stop since it isn't provided either. Anyways, all reliable trading software cost money because money is necessary to upkeep the software and pay for tech support. You just have to pick the best of the evils. Sierra chart's package 3 is probably a cheaper choice for what Koshertrader is trying to do with Al's method. NT is better suited for automated trading if I'm not mistaken.

Just to be clear, with the direct edition (free) you can place stop orders along with profit targets manually. At the end of the trade, stop out or profit filled, you manually cancel the remaining order.

Be yourself; everyone else is already taken. Oscar Wilde
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  #48 (permalink)
 Itchymoku 
Philadelphia
 
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Tasker_182 View Post
Just to be clear, with the direct edition (free) you can place stop orders along with profit targets manually. At the end of the trade, stop out or profit filled, you manually cancel the remaining order.

When I was trading with amp a couple years ago the free version allowed oco. (I can't remember if it came with amp or if it was just part of the free version.) Later, I remember a while back after NT7 came out I hooked my account up to NT direct edition and couldn't use the ATM portion so I called the broker and he said that I'd have to manually exit out of the trade where ever price was at that moment. Are you saying that after I enter a trade I can then place a stop loss at a certain price and leave it there so when price comes to it I won't have to do anything but wait for price to hit the stop loss and then cancel my limit?

R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
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  #49 (permalink)
 
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 Tasker_182 
Cedar Rapids, iowa
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Itchymoku View Post
.... Are you saying that after I enter a trade I can then place a stop loss at a certain price and leave it there so when price comes to it I won't have to do anything but wait for price to hit the stop loss and then cancel my limit?

Yes as morbid as that sounds... Same is true if your profit target is hit, you then cancel the stop order.

Be yourself; everyone else is already taken. Oscar Wilde
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  #50 (permalink)
 Itchymoku 
Philadelphia
 
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Tasker_182 View Post
Yes as morbid as that sounds... Same is true if your profit target is hit, you then cancel the stop order.

Sounds like a nightmare waiting to happen lol

R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
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