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Why I dumped ninjatrader


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Why I dumped ninjatrader

  #1 (permalink)
tortexal
Panama!
 
Posts: 44 since Jun 2009
Thanks Given: 1
Thanks Received: 24

memory problems, poor customer service, database blew up, slow optimization etc

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  #2 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,442 since Jun 2009
Thanks Given: 33,215
Thanks Received: 101,603

I agree with most of what you've said.

Before completely abandoning NT, you may wish to apply the large address hack I've documented here:


It has fixed about 90% of the crashes I was experiencing (and I experienced them daily, many times hourly).

Still, no hack can address the major flaws and shortcomings on NT. While I don't hold much hope for NT 7, I am reluctant to switch to TradeStation because I think that is a backwards move. I'm more interested in MultiCharts, and I think they are growing at leaps and bounds and making huge advancements in a short period. But, they have a lot of advancing left to do.

Last, I agree NT support tries and is quick. But, they are either untrained, understaffed, or my main conspiracy theory is that none of the programmers are under the same roof and they don't read the forums and/or they are really not good programmers. I feel as though the support staff tries and tries but simply cannot make up for the utter lack of experienced programmers that know how to create a decent, stable app.

This is the opposite of most companies. Most companies have pretty sold programming staff and absolutely horrific customer service. I've seen no evidence Ray @ NT plans to address any of these concerns unfortunately.

Mike

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  #3 (permalink)
 
record100's Avatar
 record100 
Toronto, CA
 
Experience: Intermediate
Platform: NT
Broker: IB
Trading: YM, ES
Posts: 105 since Jun 2009
Thanks Given: 34
Thanks Received: 44


why slippage is always bad thing? could it be in your favor?

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  #4 (permalink)
Maletor
Boston
 
Posts: 88 since Jun 2009
Thanks Given: 7
Thanks Received: 27

Actually yes, slippage can work out in your favor.

Suppose you had a buy stop at 906.25, the ES flashes and 906.25 trades, but by the time your market order is ready to be processed everybody who wanted to buy the quarters is all gone and you get filled at 906.

Pretty sweet huh? Happens about 1 in 100 times for me.

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  #5 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
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Swing Trader
 
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This thread is not about slippage.

Mike

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  #6 (permalink)
 
sharky's Avatar
 sharky 
MIAMI,FL
Legendary Market Wizard
 
Experience: Advanced
Platform: NinjaTrader, tradingview
Broker: Private
Trading: Crypto and natural gas
Posts: 1,063 since Jun 2009
Thanks Given: 625
Thanks Received: 3,906

lol where did slippage come from pweh heh heh heh mike i was with tradestation wow what a nitemare they had ok charts but the customer service was a nitemare and thats no understatement...sharky

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  #7 (permalink)
 
Velocity's Avatar
 Velocity 
Bloomfield Hills, MI
 
Experience: Master
Platform: NinjaTrader / Neoticker
Trading: ES
Posts: 16 since Jun 2009
Thanks Given: 0
Thanks Received: 7

you should look at NeoTicker by Tickquest https://www.tickquest.com/ . Programs in C#, Delphi and Formula language. It does the heaviest lifting in terms of number crunching i have seen out there. I started on Tradestation and out grew it. ps. yes I own Neoticker and I am a NT user as well. Neo does my main chart work, NT does my order execution. I am more of a discrentionairy trader.

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  #8 (permalink)
 
RJay's Avatar
 RJay 
Hartford, CT. USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP/CQG, Kinetick
Trading: RTY
Posts: 683 since Jun 2009
Thanks Given: 758
Thanks Received: 787

Velocity,

have you found something better than NT?

Thanks for sharing your experiences.

Personally, I have 15 months learning and coding vested in this platform.

I am making the best of it for now.

RJay

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  #9 (permalink)
 
Velocity's Avatar
 Velocity 
Bloomfield Hills, MI
 
Experience: Master
Platform: NinjaTrader / Neoticker
Trading: ES
Posts: 16 since Jun 2009
Thanks Given: 0
Thanks Received: 7

Rjay,

Unless you are a computer guru don't change. Neoticker can literally do anything chart related, but you need to understand programing. It is VERY powerful. the thing it lacks is the DOM execution which NT does very nicely. They are two very different programs.

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  #10 (permalink)
 
sefstrat's Avatar
 sefstrat 
Austin, TX
 
Experience: Advanced
Platform: NT/Matlab
Broker: Interactive Brokers
Trading: FX majors
Posts: 285 since Jun 2009
Thanks Given: 20
Thanks Received: 768


Like Mike, I agree with most of what you are saying here.

There is no question that NT needs to get their act together on the programming side of things. No doubt NT7 will still have major room for improvement, but at least it does appear that they have eliminated the worst issues such as access/jet db and the memory leaks.

What I don't understand is why you would continue using the strategy analyzer while you have another live strategy open, when you know it will lead to memory leak and ultimately NT crashing. I think all of us here know that when using the strategy analyzer its only a matter of time before NT explodes.

All you have to do is run a virtual machine (vmware or free virtualbox) with a simple XP install and a demo instance of NinjaTrader. Do all your testing there while you only run your live strategies on the main NT instance. Then if the 'sandbox' NT crashes as it inevitably will, no problem just restart it you haven't lost anything other than a few seconds.

I have had my main NT instance which runs my strategies open for several weeks now without closing it, no crashes no problems.

I feel your pain on the DB repair thing though, that happened to me once too. I take regular backups of the DB now, can't wait to decomission 6.5 and the jetdb nonsense.

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Last Updated on December 15, 2009


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