NexusFi: Find Your Edge


Home Menu

 





Is NT8 the right platform for scalping?


Discussion in NinjaTrader

Updated
      Top Posters
    1. looks_one Trembling Hand with 4 posts (5 thanks)
    2. looks_two bobwest with 4 posts (18 thanks)
    3. looks_3 eisi83 with 4 posts (2 thanks)
    4. looks_4 michaelleemoore with 3 posts (12 thanks)
      Best Posters
    1. looks_one Jasonnator with 5 thanks per post
    2. looks_two bobwest with 4.5 thanks per post
    3. looks_3 michaelleemoore with 4 thanks per post
    4. looks_4 Trembling Hand with 1.3 thanks per post
    1. trending_up 8,380 views
    2. thumb_up 58 thanks given
    3. group 16 followers
    1. forum 26 posts
    2. attach_file 0 attachments




 
Search this Thread

Is NT8 the right platform for scalping?

  #11 (permalink)
OAlejandro314159
Las Vegas, Nevada
 
Posts: 16 since Jan 2021
Thanks Given: 2
Thanks Received: 4

Have you guys noticed instability with Ninja Trader 8 ? My NT 8 still sometimes crashes on my and the NT 7 is rock solid stable. :O

I wonder if anyone else is still having platform issues. I know it has become way way more stable over the years

Reply With Quote

Can you help answer these questions
from other members on NexusFi?
MC PL editor upgrade
MultiCharts
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
Trade idea based off three indicators.
Traders Hideout
REcommedations for programming help
Sierra Chart
ZombieSqueeze
Platforms and Indicators
 
  #12 (permalink)
 eisi83 
Salzburg Austria
 
Experience: None
Platform: NinjaTrader
Trading: ES,YM
Posts: 16 since Sep 2017
Thanks Given: 41
Thanks Received: 3


bobwest View Post
When I read your first post, my question was simply, what do you mean by "scalping?" -- as there are many styles and methods of scalping, and even many ideas about what "scalping" is.



Then I read this post, which answers the question well enough.

You can see from the different answers that some traders will say yes and others will say no. As a trader with a similar timeframe (a bit shorter, but similar), I would not hesitate to use NT -- but I don't ( ), I use Sierra Chart instead, mainly because of its speed and its stability. But I think NT is good enough. You should have a fast PC because it is something of a hog for resources and you should have relatively few indicators or charts up for the same reason, but these can be managed easily enough with hardware. I have used it and wouldn't have a problem, keeping in mind the hardware issues. I know many traders who post their trades on futures.io and who scalp just fine with it.

(I know you said not to mention any other platforms, but that basically means you won't get a good range of responses, since there would be no discussions of pros and cons in a comparative sense.)

I have considerable respect for both @Jasonnator and @Trembling Hand for their technical knowledge (I don't know anything about their trading, but am willing to accept their word about it), and you can see that one says "yes" and one says "no," and each has good and relevant-sounding reasons. This is not unusual in the world of trading, no matter what the subject is.

Here is the best advice anyone can give anyone about trading, assuming that the very basic issues have been covered: Open a live account and trade with it. You will soon find what is good and what is not, for you, and then can make a better decision. If it's OK, then you will be happy. And if it's not OK, you will know better what you should look for.

I hope you find the responses in this thread useful and that you have a successful experience with your trading, however you decide.

Bob.

Thank you for your input Bob.

I agree 100% with your response. I've been testing NT8 with their market replay tool and as I said I really like the platform.

PC should not be a problem, I got my new one yesterday.

I was reading here some different articles about NT8, some were a few years old, some are current.

And I just wanted to hear some of your opinions before spending 2 k for the license and some indicators. And btw I just use a few ones.

So thank you for everyone who is sharing his opinions and experiences.

Eisi

Sent using the NexusFi mobile app

Started this thread Reply With Quote
  #13 (permalink)
 
awesomizer's Avatar
 awesomizer 
Portage, MI
 
Experience: Intermediate
Platform: Bookmap, Tradingview
Trading: NQ
Posts: 82 since Nov 2020
Thanks Given: 219
Thanks Received: 63



eisi83 View Post
Thank you for your input Bob.

I agree 100% with your response. I've been testing NT8 with their market replay tool, and as I said, I like the platform.

PC should not be a problem, I got my new one yesterday.

I was reading here some different articles about NT8, some were a few years old, some are current.

And I just wanted to hear some of your opinions before spending 2 k for the license and some indicators. And btw I just use a few ones.

So thank you for everyone who is sharing his opinions and experiences.

Eisi

Sent using the NexusFi mobile app

I would not recommend it, I just spent $3 grand on ninja and indicators and consider it a complete loss. Unless you trade with brackets you will lose money because sooner or later ninja will crash on you in the middle of a trade. Which is normal for almost every app ever made if it rarely happens, but for me just having two ES charts running, another TICK chart, and about 5-7 indicators and the thing would completely close on me on average every three days! I thought it was normal coming from TOS and trying TradeStation (they suck too). Ninja may be popular, but they chose a poor coding language to write their app, and it’ll probably just be a matter of time before you'll want to use something else. IMO

Reply With Quote
Thanked by:
  #14 (permalink)
 
Daytrader999's Avatar
 Daytrader999 
Ilsede, Germany
Site Moderator
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Rithmic / CQG / Ninja Trader Brokerage
Trading: NQ
Posts: 1,525 since Sep 2011
Thanks Given: 2,067
Thanks Received: 2,316

I'm using NT8 for about 1.5 years now with 6 different charts open (Tick, Minute, 3 different Renko bar types).

Having many different (properly coded!) indicators and strategies loaded as well, I NEVER had any kind of crash or platform freeze so far.

I run NT8 on 2 different DEDICATED trading computers which are appropriately equipped, but not oversized.

So bottom line I can't complain at all, but that's just me....

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
Reply With Quote
Thanked by:
  #15 (permalink)
 
bobwest's Avatar
 bobwest 
Western Florida
Site Moderator
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
Frequency: Several times daily
Duration: Minutes
Posts: 8,172 since Jan 2013
Thanks Given: 57,515
Thanks Received: 26,292


Daytrader999 View Post
I'm using NT8 for about 1.5 years now with 6 different charts open (Tick, Minute, 3 different Renko bar types).

Having many different (properly coded!) indicators and strategies loaded as well, I NEVER had any kind of crash or platform freeze so far.

I run NT8 on 2 different DEDICATED trading computers which are appropriately equipped, but not oversized.

So bottom line I can't complain at all, but that's just me....

I think most complaints about NT8 can be managed by proper care in choosing indicators and tools and using appropriate hardware. (Due to important changes in the platform, many indicators and tools that used to work fine in prior editions could not port over well into the new NT framework.) In the early days of NT8 it was a nightmare, but many traders are posting on this forum every day using it, and without problems. I know that some are not, and I do not know what the difference is, so I am not discounting anyone who has problems. But I don't think they are widespread.

Bringing up a slightly different idea, NT7 (yes, 7) is fast, solid and reliable. If you are reasonably self-sufficient, and can get along with the vast library of NT7 indicators/tools here on FIO, and don't need a lot of hand-holding from support, it is actually superior to many other platforms in the market. I don't know what kind of support you would get from NT, but I think their help people still support it. On my hardware, it is way faster and steadier than NT8. (I use Sierra Chart now, but that is another story.)

I'm not suggesting you use NT7, and NT8 clearly is the future for the NinjaTrader organization. It also is much better-featured than NT7 and it's what new things are being written for. But I thought I would add this thought. NT7 is available on the NT website for download, last I looked.

Bob.

When one door closes, another opens.
-- Cervantes, Don Quixote
Reply With Quote
  #16 (permalink)
 txsroper 
Austin Tx
 
Experience: Intermediate
Platform: NT, TOS, TradeStation
Trading: ES, NQ, CL, GC, Option Spreads
Posts: 24 since Sep 2013
Thanks Given: 9
Thanks Received: 13


awesomizer View Post
I would not recommend ninja for scalping, ninja is slow and prone to crashing, something more reliable like sierra charts would be better.

I 100% agree - Ninja charts are prone to be slow especially in Fast markets like the daily open etc. As result I have two back up brokers. Last week the ES futures chart was more than 3 points behind price on a 2 min chart. Real shame it is 2021 NinjaTrader still refuses to fix basic issues so the platform is as fast and stable as Sierra Charts.

Sierra is very solid just not easy to learn - at least for me.
TradeStation is solid. But Like ThinkorSwim they both have pros and cons. TOS is Definitely Not for scalping. If https://tastyworks.com/ ever gets robust charting they will give TOS real run for the money, at least for option traders.

For scalping take a look at https://www.tradovate.com:443/
Inquire about there flat monthly commission if you are a high volume trader.

Reply With Quote
Thanked by:
  #17 (permalink)
 iq200 
London, UK
 
Experience: Intermediate
Platform: Ninjatrader, Tradestation
Broker: Kinetick, InteractiveBrokers
Trading: Equities, Futures
Posts: 408 since Jun 2010
Thanks Given: 145
Thanks Received: 278

I am trading equities and use Ninjatrader for charting only. I have around 62 charts as well as a Market Analyzer window running with live data for the full market session as well as several hours around the market session - in total around 14-15 hours a day. I havent had any crashing issues for a long time - longer than I can remember.

Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #18 (permalink)
 
michaelleemoore's Avatar
 michaelleemoore 
Missoula, MT Nɫʔay(ccstm)
Market Wizard
 
Experience: Advanced
Platform: NinjaTrader
Broker: NinjaTrader
Trading: CL, ES
Posts: 3,436 since Nov 2012
Thanks Given: 5,552
Thanks Received: 12,328


txsroper View Post
I 100% agree - Ninja charts are prone to be slow especially in Fast markets like the daily open etc. As result I have two back up brokers. Last week the ES futures chart was more than 3 points behind price on a 2 min chart. Real shame it is 2021 NinjaTrader still refuses to fix basic issues so the platform is as fast and stable as Sierra Charts.

Sierra is very solid just not easy to learn - at least for me.
TradeStation is solid. But Like ThinkorSwim they both have pros and cons. TOS is Definitely Not for scalping. If https://tastyworks.com/ ever gets robust charting they will give TOS real run for the money, at least for option traders.

For scalping take a look at https://www.tradovate.com:443/
Inquire about there flat monthly commission if you are a high volume trader.

I'm gonna push back on this. Ninja 8's current iteration -- I haven't had a crash in two years and it's very fast if you have a decent machine and internet connection. Most of the complaints I see about Ninja refer to either Ninja 7 or the first iterations of 8. Those opinions, in my mind, are outdated. I am an actual scalper; the platform executes flawlessly. I'd say give it a try. Also, I trade stocks on Tradestation, and it's no comparison for ease of use and execution. Ninja, at least for me, is much, much better.

Michael

PS Dang, just looked up and saw I wasn't a wizard anymore. So sad.

Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #19 (permalink)
 
bobwest's Avatar
 bobwest 
Western Florida
Site Moderator
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
Frequency: Several times daily
Duration: Minutes
Posts: 8,172 since Jan 2013
Thanks Given: 57,515
Thanks Received: 26,292


michaelleemoore View Post
PS Dang, just looked up and saw I wasn't a wizard anymore. So sad.

Nah, you're still a wizard, Michael.



Bob.

When one door closes, another opens.
-- Cervantes, Don Quixote
Reply With Quote
Thanked by:
  #20 (permalink)
 Trembling Hand 
Melbourne, Land of Oz
 
Experience: Advanced
Platform: Sierra Chart, CQG
Broker: CQG
Trading: HSI
Posts: 246 since Jun 2011
Thanks Given: 28
Thanks Received: 360



michaelleemoore View Post
I'm gonna push back on this. Ninja 8's current iteration -- I haven't had a crash in two years and it's very fast if you have a decent machine and internet connection. Most of the complaints I see about Ninja refer to either Ninja 7 or the first iterations of 8. Those opinions, in my mind, are outdated. I am an actual scalper; the platform executes flawlessly. I'd say give it a try. Also, I trade stocks on Tradestation, and it's no comparison for ease of use and execution. Ninja, at least for me, is much, much better.

When you say scalping what timeframe as an average trade are you talking? Also what instrument are you trading and what order entry do you use? DOM, chart trader etc.

Follow me on Twitter Reply With Quote




Last Updated on January 17, 2023


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts