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The more i research this the more confused I become. Seems I'm not the only one either.
NinjaTrader 7 Accounts Group & Mulitbroker Licence....
1) Can I have 2 accounts at one CQG feed broker and trade them both simultaneous through the accounts group feature?
2) Can I have 1 account with a CQG broker and 1 with Rithmic and trade them simultaneous through the accounts group feature?
Looking at the multibroker licence, it seems to be more set just so you can trade through one broker then disconnect and trade through another? Is that right?
What I'm really looking to do is trade 2 Leeloo accounts and if possible my personal acct simultaneous. Leeloo is with Rithmic and my current broker is with CQG.
NinjaTrader is offering discounted upgrade from Lifetime
to Multi-Broker. I'm considering going for it; but because
NinjaTrader is proprietary and an Introducing Broker,
as such, for commercial reasons, no longer allows
significant alternate Futures brokers to offer the platform.
I'm doing a LeeLoo qualification now; after having developed
some very high tech indicators; and, of course, LeeLoo
offers Rithmic.
But NinjaTrader's policy toward its own live Rithmic connections
involve extremely high leverage, amounting to 7x the margin
required for its own preferred CQG vendor. There is just
nothing that can be done about this margin requirement,
which I regard as extremely prejudicial and unnecessary.
The only reason I can see for this extreme discrepancy is
simply to suppress Rithmic business; but there is no
possibility of using NinjaTrader's platform at a competing
broker which would offer much better Rithmic order terms.
Because NinjaTrader is (in my view) the most powerful
platform available; in which I've invested many months
of work; they have a tight grip on me as a user/trader.
I'm knocking out a LeeLoo Express challenge, which asks
qualifiers only to pull $6k to succeed over 10 trading days,
which is quite easy; after which a "performance"
profit sharing account is available. That's how an underfunded,
but capable, trader can quickly ramp up funds. During the
challenge, 12 NQ futures contracts can be controlled at
max deployment; which is huge buying power. Just sayin'...
I would recommend you post this again, but in the NinjaTrader AMA thread where it gets more attention and high level response (like Ray, Founder of NinjaTrader)