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Ninja and Interactive Brokers
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Created: by dale1670 Attachments:2

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Ninja and Interactive Brokers

  #1 (permalink)
Elite Member
Nepean, ON
 
Futures Experience: Advanced
Platform: Ninjatrader
Broker/Data: interactive brokers
Favorite Futures: es
 
Posts: 25 since Sep 2009
Thanks: 30 given, 4 received

Ninja and Interactive Brokers

I have been using Ninja Trader to paper trade futures for a few months, and am now trading real money directly with Interactive Brokers. I have been considering buying a license to use NJ for live trading, (so I can utilise ATM strategies) but am debating the cost and have some concerns.

I wuld appreciate some feedback from anyone usng Ninja, in partcular with IB. I know there have been some issues, but it doesn't appear the problems posted would affect me.

My main concern is with order entry, if I place an order through Ninja using an atm strategy which includes trailing stops, and subsequently have an issue, i.e. computer freezes, lose internet connection. Will my initial stops have been placed with IB? It seems that would be the case from what I have read on Ninja's page, but I am looking for confirmation, as well as any other input.

Thanks to all in advance, and thanks to everyone on this forum for the great information.

Dale

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  #2 (permalink)
VIP Member
Waterloo
 
Futures Experience: Advanced
Platform: IB
Broker/Data: IB
Favorite Futures: ES
 
Posts: 1 since Sep 2009
Thanks: 2 given, 0 received

You should be fine. Once the initial order filled, the ATM orders(stop,etc) will be placed in IB and then if there is an issue at your end, your ATM orders will still be there in IB.

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  #3 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
Posts: 2,563 since Jun 2009
Thanks: 1,157 given, 2,032 received



dale1670 View Post
My main concern is with order entry, if I place an order through Ninja using an atm strategy which includes trailing stops, and subsequently have an issue, i.e. computer freezes, lose internet connection. Will my initial stops have been placed with IB? It seems that would be the case from what I have read on Ninja's page, but I am looking for confirmation, as well as any other input.

Are you wanting Ninjatrader for the DOM? Or the chart trader? I think it's great for both of these.

I have multibroker and use Ninjatrader with Zenfire mainly but I've used the DOM with IB and it worked fine. Stops are held on the server. Ninjatrader does crash and even more often it just kind of freezes for 30 seconds. My stops have always worked as expected even when Ninjatrader is frozen (happens usually when there is a lot of market activity, like around news time).

Are you trading stocks or futures? If futures I highly recommend zen-fire. If you're daytrading stocks then it's ok, but if you hold overnight you have to deal with the IB disconnects.

Hope that helps..

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  #4 (permalink)
Elite Member
Nepean, ON
 
Futures Experience: Advanced
Platform: Ninjatrader
Broker/Data: interactive brokers
Favorite Futures: es
 
Posts: 25 since Sep 2009
Thanks: 30 given, 4 received

Thanks nobody, that's what I thought but was looking for confirmation.

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  #5 (permalink)
Elite Member
Nepean, ON
 
Futures Experience: Advanced
Platform: Ninjatrader
Broker/Data: interactive brokers
Favorite Futures: es
 
Posts: 25 since Sep 2009
Thanks: 30 given, 4 received

Thanks Cunparis, I am mainly trading futures with IB, I don't hold anything overnight. I have other accounts that I trade stocks and options with. I opened the IB account to keep the option of trading Forex etc. as well as futures. The DOM is great but the main interest I have in Ninja is the atm features, it just doesn't seem nearly as effective to manage trades using the TWS from IB. For example buying 2 contracts, taking one off with one point, moving remaining stop to b/e and trailing it, to let it run.

Thanks again,
Dale

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  #6 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
Posts: 2,563 since Jun 2009
Thanks: 1,157 given, 2,032 received


dale1670 View Post
Thanks Cunparis, I am mainly trading futures with IB, I don't hold anything overnight. I have other accounts that I trade stocks and options with. I opened the IB account to keep the option of trading Forex etc. as well as futures. The DOM is great but the main interest I have in Ninja is the atm features, it just doesn't seem nearly as effective to manage trades using the TWS from IB. For example buying 2 contracts, taking one off with one point, moving remaining stop to b/e and trailing it, to let it run.

Thanks again,
Dale

Ok I was calling the ATM the DOM since I do it all in the DOM. I agree, I couldn't trade without the DOM. And in using the DOM i'm learning to read the tape rather than look at charts. I do both but I'm getting better and seeing support & resistance on the DOM.

I have thought about doing Forex but no one recommends IB and I'm not sure why. For now I prefer futures for Euro. 1 pip spread is nice and no head games with the broker. But I'd like to trade some other pairs. Maybe. Eventually.

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  #7 (permalink)
Elite Member
Nepean, ON
 
Futures Experience: Advanced
Platform: Ninjatrader
Broker/Data: interactive brokers
Favorite Futures: es
 
Posts: 25 since Sep 2009
Thanks: 30 given, 4 received

How do you use the DOM to detrmine support/resistance? If you see larger numbers at a certain level?

Thanks,
Dale

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  #8 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
Posts: 2,563 since Jun 2009
Thanks: 1,157 given, 2,032 received


dale1670 View Post
How do you use the DOM to detrmine support/resistance? If you see larger numbers at a certain level?

When you see price move up to a certain level and then back off repeatedly. For small levels it's easier to see it on the dom (like intrabar) but for larger levels it's easier to see it on a chart.

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  #9 (permalink)
Elite Member
Nepean, ON
 
Futures Experience: Advanced
Platform: Ninjatrader
Broker/Data: interactive brokers
Favorite Futures: es
 
Posts: 25 since Sep 2009
Thanks: 30 given, 4 received

I see it do that all the time when it gets to my profit target, However it seems to punch through my stops without any trouble.

Thanks Cunparis

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  #10 (permalink)
Elite Member
Netherlands
 
Futures Experience: Advanced
Platform: Sierra Charts
Broker/Data: Infinity Futures
Favorite Futures: FGBL
 
Posts: 34 since Oct 2009
Thanks: 31 given, 35 received



dale1670 View Post
I have been using Ninja Trader to paper trade futures for a few months, and am now trading real money directly with Interactive Brokers. I have been considering buying a license to use NJ for live trading, (so I can utilise ATM strategies) but am debating the cost and have some concerns.

I wuld appreciate some feedback from anyone usng Ninja, in partcular with IB. I know there have been some issues, but it doesn't appear the problems posted would affect me.

My main concern is with order entry, if I place an order through Ninja using an atm strategy which includes trailing stops, and subsequently have an issue, i.e. computer freezes, lose internet connection. Will my initial stops have been placed with IB? It seems that would be the case from what I have read on Ninja's page, but I am looking for confirmation, as well as any other input.

Thanks to all in advance, and thanks to everyone on this forum for the great information.

Dale

Hi Dale,
I use NinjaTrader(Simulation Version) with IB account. For orders, I use Bracket Trader.
Bracket Trader uses the feed of IB and it works perfect. You can download a version for free , which can handle 1 or 2 instruments.

Jaap

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