The Cost of Ninjatrader - NinjaTrader | futures io social day trading
futures io futures trading


The Cost of Ninjatrader
Updated: Views / Replies:14,364 / 53
Created: by KosherTrader 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 100,000 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
 

The Cost of Ninjatrader

  #41 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,427 since Jun 2009
Thanks: 29,510 given, 84,401 received

Moderator Note


I have banned KosherTrader. I have a hard time believing he was here for any reason except to cause trouble, and I have now put an end to that.




Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following 3 users say Thank You to Big Mike for this post:
 
  #42 (permalink)
Elite Member
OC, California, USA
 
Futures Experience: Advanced
Platform: IB/TWS, NinjaTrader, thinkorswim
Favorite Futures: stocks, options, futures, VIX
 
shodson's Avatar
 
Posts: 1,876 since Jun 2009
Thanks: 484 given, 3,307 received


Big Mike View Post
Moderator Note


I have banned KosherTrader. I have a hard time believing he was here for any reason except to cause trouble, and I have now put an end to that.




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...

Reply With Quote
 
  #43 (permalink)
Elite Member
Cedar Rapids, iowa
 
Futures Experience: Intermediate
Platform: Ninjatrader
Broker/Data: Ninjatrader - Continuum
Favorite Futures: 6E, TF, 6J
 
Tasker_182's Avatar
 
Posts: 626 since Aug 2009
Thanks: 426 given, 1,131 received


He was a pot stirrer for sure.

"Money is better than poverty, if only for financial reasons." - Woody Allen
Reply With Quote
 
  #44 (permalink)
 R.I.P. 1987-2018 
Philadelphia
 
Futures Experience: None
Platform: corded black telephone
Favorite Futures: ticker tape
 
Posts: 2,895 since Apr 2012
Thanks: 1,683 given, 3,652 received

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.

Last edited by Itchymoku; October 24th, 2013 at 08:41 PM.
Reply With Quote
 
  #45 (permalink)
 Vendor: www.traderwerks.com 
Taipei Taiwan
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: Optimus
Favorite Futures: TW
 
Posts: 693 since Jun 2009
Thanks: 440 given, 440 received

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.
Reply With Quote
 
  #46 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,427 since Jun 2009
Thanks: 29,510 given, 84,401 received

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

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #47 (permalink)
Elite Member
Cedar Rapids, iowa
 
Futures Experience: Intermediate
Platform: Ninjatrader
Broker/Data: Ninjatrader - Continuum
Favorite Futures: 6E, TF, 6J
 
Tasker_182's Avatar
 
Posts: 626 since Aug 2009
Thanks: 426 given, 1,131 received


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.

"Money is better than poverty, if only for financial reasons." - Woody Allen
Reply With Quote
 
  #48 (permalink)
 R.I.P. 1987-2018 
Philadelphia
 
Futures Experience: None
Platform: corded black telephone
Favorite Futures: ticker tape
 
Posts: 2,895 since Apr 2012
Thanks: 1,683 given, 3,652 received


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.

Last edited by Itchymoku; October 24th, 2013 at 09:52 PM.
Reply With Quote
 
  #49 (permalink)
Elite Member
Cedar Rapids, iowa
 
Futures Experience: Intermediate
Platform: Ninjatrader
Broker/Data: Ninjatrader - Continuum
Favorite Futures: 6E, TF, 6J
 
Tasker_182's Avatar
 
Posts: 626 since Aug 2009
Thanks: 426 given, 1,131 received


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.

"Money is better than poverty, if only for financial reasons." - Woody Allen
Reply With Quote
 
  #50 (permalink)
 R.I.P. 1987-2018 
Philadelphia
 
Futures Experience: None
Platform: corded black telephone
Favorite Futures: ticker tape
 
Posts: 2,895 since Apr 2012
Thanks: 1,683 given, 3,652 received



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.
Reply With Quote

Reply



futures io > > > > The Cost of Ninjatrader

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

July Journal Challenge - $500 in Amazon Gift Cards!

July
 

AXESS Trader: Powerful Cloud Based Trading Platform w/GFF Brokers

Jul 17

TBA: FuturesTrader71 w/Morad Askar

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
cost averaging kctpac Psychology and Money Management 6 September 14th, 2016 07:54 AM
Ninjatrader Etf's lowest cost leinster Stocks and ETFs Trading 2 January 3rd, 2013 06:18 AM
Want a Vault for Your Gold? It May Cost More Than Before Quick Summary News and Current Events 1 August 10th, 2011 05:27 AM
Hidden cost vs. slippage mengelbrecht Reviews of Brokers and Data Feeds 12 August 3rd, 2011 09:03 AM
Lowest cost per pip alpine4133 Traders Hideout 0 September 12th, 2009 10:35 PM


All times are GMT -4. The time now is 04:13 PM. (this page content is cached, log in for real-time version)

Copyright © 2018 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 2018-07-16 in 0.13 seconds with 14 queries on phoenix