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Why I dumped ninjatrader


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Why I dumped ninjatrader

  #21 (permalink)
Neubrandenburg, Germany
 
Experience: Advanced
Platform: R
Trading: Stocks
 
wh's Avatar
 
Posts: 538 since Jun 2009
Thanks: 297 given, 501 received

here an alternative for c# http://www.rightedgesystems.com/default.aspx

but without a great community and i never tested it. why ??? and java trading system are ... ???

wh

and mt4 to mt5 is a lazy marketing concept to make money ...


Last edited by wh; July 22nd, 2009 at 08:25 AM.
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  #22 (permalink)
Hartford, CT. USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP/CQG, Kinetick
Trading: RTY
 
RJay's Avatar
 
Posts: 685 since Jun 2009
Thanks: 743 given, 769 received

FYI,

I was trying to work with the programming at RightEdge but I couldn't get any traction.

When I saw the outstanding charts and ease of learning code at NT, I jumped and never looked back.

RJay

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  #23 (permalink)
Site Administrator
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
Big Mike's Avatar
 
Posts: 48,724 since Jun 2009
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There is also something called TickZOOM
TickZOOM

It is in alpha stage, but the principal is C# code base with ability to backtest HUGE amounts of data, millions of ticks in just minutes. The video is very impressive.

Mike

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  #24 (permalink)
Austin, TX
 
Experience: Advanced
Platform: NT/Matlab
Broker: Interactive Brokers
Trading: FX majors
 
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Posts: 285 since Jun 2009
Thanks: 20 given, 758 received


Big Mike View Post
There is also something called TickZOOM
TickZOOM

It is in alpha stage, but the principal is C# code base with ability to backtest HUGE amounts of data, millions of ticks in just minutes. The video is very impressive.

Mike

Thanks for the link Mike, TickZoom does sound interesting.. definitely worth looking into although I wish they would not refer to it as 'open source' when they want you to pay $1500+ per year for access to it =)

Still, if their framework lives up to the hype and the API is well structured it might be worth it.

Elliot Wave mentioned wealth lab a few posts back. The latest version of wealth lab was completely recoded in c# from c++ I believe, I have not actually used it but I have translated some of their indicators and it looks to have some interesting features.

Unfortunately the developers of Wealth lab were bought out by Fidelity prior to the release of the c# version so now it only works with that brokerage.

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  #25 (permalink)
USA
 
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Posts: 155 since Jul 2009
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Elliott Wave View Post
Haha, great point about the interfaces. Metastock is pretty bad in that regard too.

I quite like MetaTrader as well(at this point the only thing I could see myself switching to). MB Trading (ECN) supports it but its not fully rolled out yet and although they also support NT, I believe you can only use one platform per account.

MT5 beta should be coming out around the same time as the first NT7 beta so it will be interesting to see how they compare. The big kicker with MT5 is that all custom indicators need to be reprogrammed for the new language. They could be shooting themselves in the foot here as the wealth of indicators for MT4 is unparalleled and that's the main thing that draws me to it. Apparently MQL5 is about 20x faster, but I don't see why they just don't switch to a standard language like C# or C++.

I never knew MetaStock and MetaTrader weren't the same. Wow interesting. So do you have opinions on MetaTrader having used it personally or just from what others are saying?

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  #26 (permalink)
Paris, France
 
Experience: Advanced
Platform: Market Delta & Ninjatrader
Trading: ES
 
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Posts: 2,565 since Jun 2009
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I switched to TradeStation

I switched to TradeStation and haven't looked back. I can make an indicator and/or strategy in TS with just a few lines of code. In NT it's so tedious. Yes C# is really more powerful I agree, and I'm a programmer by profession. But in my experience the best strategies are the really simple ones. I don't need all that power.

TS still crashes but i'm probably pushing it to its limits. It crashes much less often than NT. I can abort a backtest or data download. I can have multiple symbols on one chart. Historical uptick/downtick information is a must. The workspaces are easy to use and fast, I can switch between my workspaces in milliseconds. All windows are inside one TS window. No more filling up the taskbar with tons of windows. No more modal dialogs (ok there is one, the performance viewer but I don't use it often). I could go on and on but one wouldn't appreciate it until they try TS.

I can see that TS stopped evolving and it's only a matter of time before it's way outdated. But as it is now it's still way better than NT. It's so easy to use I love it. I'm tired of Ninjatrader hanging while downloading data from IQFeed. I can cancel IQFeed but unfortunately I bought a multi-broker lifetime license for Ninja so that I'm out.

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  #27 (permalink)
Site Administrator
Manta, Ecuador
 
Experience: Advanced
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cunparis View Post
I'm tired of Ninjatrader hanging while downloading data from IQFeed. I can cancel IQFeed but unfortunately I bought a multi-broker lifetime license for Ninja so that I'm out.

Having used Ninja with IB, IQfeed, eSignal, and Zen Fire, I can say without a doubt that there is absolutely NO COMPARISON -- Zen Fire wins hands down for speed and reliability. And I'm not even referring to the speed of the real time data feed (which is the best) but really I am referring to the speed of downloading chart data, backtesting data, the whole API as it relates to Ninja is far superior with Zen. Afterall, Ninja was written for Zen to begin with, the rest are after thoughts.

Mind you, NT still has tons of problems, but not nearly as many as it did when I used IQfeed or IB. Just FYI, you should get a demo Zen account and see how many issues go away.

Mike

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  #28 (permalink)
Denver, CO
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Amp Futures/Zen-Fire
Trading: TF, ES, CL
 
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Posts: 132 since Jun 2009
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Big Mike View Post
Having used Ninja with IB, IQfeed, eSignal, and Zen Fire, I can say without a doubt that there is absolutely NO COMPARISON -- Zen Fire wins hands down for speed and reliability. And I'm not even referring to the speed of the real time data feed (which is the best) but really I am referring to the speed of downloading chart data, backtesting data, the whole API as it relates to Ninja is far superior with Zen. Afterall, Ninja was written for Zen to begin with, the rest are after thoughts.

Mind you, NT still has tons of problems, but not nearly as many as it did when I used IQfeed or IB. Just FYI, you should get a demo Zen account and see how many issues go away.

Mike

If we could get TradeStation with ZenFire, then NT would have a serious problem.

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  #29 (permalink)
Vancouver, BC
 
 
Posts: 9 since Jun 2009
Thanks: 0 given, 15 received


caprica View Post
I never knew MetaStock and MetaTrader weren't the same. Wow interesting. So do you have opinions on MetaTrader having used it personally or just from what others are saying?

Some good things about MetaTrader is its free to use, with many brokers there is easily over a decade of historical data, and there are probably more indicators than the rest of the platforms combined. Another plus is that compared to NT its lighting quick. I can have 10 charts with 10 indicators each and the program feels more responsive than NT with one chart (hopefully NT7 changes this equation).

For me some drawbacks are that most of the MetaTrader brokers suck (though thats changing) and that the backtesting is rather weak. The Expert Advisors (strategies) in MetaTrader also don't seem as robust as NT.

If you interested in it, I would suggest downloading a non-expiring demo from a broker then checking out Forexfactory.com and Forex-TSD.com to get a feel for the community and vast number of indicators freely available.

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  #30 (permalink)
Paris, France
 
Experience: Advanced
Platform: Market Delta & Ninjatrader
Trading: ES
 
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Posts: 2,565 since Jun 2009
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Big Mike View Post
Having used Ninja with IB, IQfeed, eSignal, and Zen Fire, I can say without a doubt that there is absolutely NO COMPARISON -- Zen Fire wins hands down for speed and reliability. And I'm not even referring to the speed of the real time data feed (which is the best) but really I am referring to the speed of downloading chart data, backtesting data, the whole API as it relates to Ninja is far superior with Zen. Afterall, Ninja was written for Zen to begin with, the rest are after thoughts.

Mind you, NT still has tons of problems, but not nearly as many as it did when I used IQfeed or IB. Just FYI, you should get a demo Zen account and see how many issues go away.

Mike

I agree about Zen-Fire, but how far back does their historical data go? I was under the impression that it was limited. I tried last night to get ES ##-## and I got nothing from zen-fire, I had to use IQ. I could get ES U09 though so it may be aproblem with continuous contracts?

I also trade stocks so that keeps me on IQFeed for historical and IB for realtime..

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