The Truth: NinjaTrader - NinjaTrader | futures io social day trading
futures io futures trading


The Truth: NinjaTrader
Updated: Views / Replies:198,422 / 1,059
Created: by AynRandFan Attachments:66

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 66  
 
Thread Tools Search this Thread
 

The Truth: NinjaTrader

  #301 (permalink)
Elite Member
Indianapolis, IN USA
 
Futures Experience: Advanced
Platform: Ninjatrader TOS Custom
Broker/Data: Several
Favorite Futures: ES CL ZB
 
Posts: 370 since Dec 2009
Thanks: 218 given, 369 received


darthtrader3.6 View Post
Stuff that is two decades old and has nothing to do with the present.

If your library is outdated, and you can't use the Internet to effectively research the topic, stop by BNP Paribas next time you're in New York and you can see for yourself.

Reply With Quote
 
  #302 (permalink)
Membership Revoked
United States of America
 
Futures Experience: Advanced
Platform: NT
 
Posts: 1,149 since Aug 2009
Thanks: 262 given, 471 received


timefreedom View Post
If your library is outdated, and you can't use the Internet to effectively research the topic, stop by BNP Paribas next time you're in New York and you can see for yourself.

Just tell the man at the front desk that timefreedom said it was okay to look around.

Reply With Quote
 
  #303 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,651 since Mar 2010
Thanks: 4,226 given, 25,600 received
Forum Reputation: Legendary


Hi timefreedom,

the design of NinjaTrader is superb, but for NinjaTrader 6.5. and my broker (Interactive Brokers) there are the following problems that have not been solved during the last 12 months.

(1) If I open a position in CL (or Brent Crude or any other erengy futures), this position is neither displayed on the DOM nor by the charttrader.

(2) If I try to close the position above, it does nto work, but may open a second position in a different contract month.

(3) Ninjatrader cannot read the broker's data feed depending on your time zone. I am located GMT +1, so daily data for IPE futures including Brent Crude and TF are completely false. I use daily data for pivots.

(4) When opening a chart an hour after connection, often the volume displayed for the first real-time bar is the cumulated volume of the hour, but not of that bar.

(5) NT 6.5 crashes 80% of the time, when I change the instrument of a workspace with three connected charts. In particular the first connection is a real thrill.

These are all known issues and have not been solved for 12 months, and I am not talking about a Beta, but the production version. If NinjaTrader developpers do not have the capacities to maintain the interface with the broker API, than they should reduce the number of brokers they are co-operating with.

The points (1), (2) and (5) have been cleared with Ninjatrader 7, but for the the points (3) and (4) there is still no solution.

So NT 6.5 has not met my expectations, as it is not displaying price and volume correctly, as it is not executing trades correctly for a number of futures contracts, as it crashes several times per day. I am here talking about the basics, not any advanced features.



timefreedom View Post
For what it's worth, I have found NT7 to exceed my expectations over and again - and it's still a beta release. I'm interested in what is happening right now, not what happened yesterday. If one wants to back test or develop new strategies or pretend what they might have done if they traded yesterday, perhaps there are other products that more accurately serve that need. NT7 6.5 is the best trading platform I've used and NT7 appears to be even better - and it's still only a beta release!


Reply With Quote
 
  #304 (permalink)
Elite Member
Indianapolis, IN USA
 
Futures Experience: Advanced
Platform: Ninjatrader TOS Custom
Broker/Data: Several
Favorite Futures: ES CL ZB
 
Posts: 370 since Dec 2009
Thanks: 218 given, 369 received


Fat Tails View Post
So NT 6.5 has not met my expectations, as it is not displaying price and volume correctly, as it is not executing trades correctly for a number of futures contracts, as it crashes several times per day. I am here talking about the basics, not any advanced features.

I understand your frustration. Clearly, you are not and cannot be utilizing Ninja to actively trade your markets if it is crashing several times per day. I hope that Ninja can find a way to resolve all your issues, and all the issues of Zoe, and the entire trading community. If they could do it for free and have it done yesterday, that would be even better. I will close my participation in this discussion exactly as I started it: I am happy with Ninjatrader 6.5 and 7 appears even better. It is not all things to all people, never has been, and never will. If the product is not working for someone, choose an alternative. That's more productive than criticizing the developers with ad hominen attacks, suggesting they don't care, and venting personal frustrations on a public forum.

Reply With Quote
 
  #305 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,651 since Mar 2010
Thanks: 4,226 given, 25,600 received
Forum Reputation: Legendary

-> I am not frustrated, but use NT 7 now.
-> I have not personally attacked the developpers. I believe they do care, but did not have committed the necessary resources.
-> Your remark, if the product is not working, go and choose something different, is leading nowhere.

Each choice involves a heavy investment in learning the language and coding indicators, testing reliability, etc., so you can not change tools easily within a day.



timefreedom View Post
I understand your frustration. Clearly, you are not and cannot be utilizing Ninja to actively trade your markets if it is crashing several times per day. I hope that Ninja can find a way to resolve all your issues, and all the issues of Zoe, and the entire trading community. If they could do it for free and have it done yesterday, that would be even better. I will close my participation in this discussion exactly as I started it: I am happy with Ninjatrader 6.5 and 7 appears even better. It is not all things to all people, never has been, and never will. If the product is not working for someone, choose an alternative. That's more productive than criticizing the developers with ad hominen attacks, suggesting they don't care, and venting personal frustrations on a public forum.


Reply With Quote
The following 2 users say Thank You to Fat Tails for this post:
 
  #306 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,218 received


timefreedom View Post
If the product is not working for someone, choose an alternative. That's more productive than criticizing the developers with ad hominen attacks, suggesting they don't care, and venting personal frustrations on a public forum.

timefreedom, the one problem with your argument is that people have paid for NinjaTrader. It's not free. Once you pay for something, you tend to expect it to work properly.

It would be like buying a brand new car. Then six months later the car has a lot of problems. You feel betrayed by the car. If the manufacturer of the car is unable to fix the problems, you get really upset about it. Without question, you can just sell the car and buy a new one. That represents a great loss, just like it would with NinjaTrader (not just money, but all the time and development).

That being said, Ray has shown that he realizes a lot of mistakes were made with NT7 and they are trying to resolve them. So he gets credit for that. But in the meantime, I am without reliable transportation.

I've made my choices and am happy with them. So this argument really isn't about me personally, but it is about how I used to feel before I switched to MultiCharts, and it is probably how many people feel on this thread. Competition is good for consumers, so I hope NT7 overcomes the obstacles.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following 4 users say Thank You to Big Mike for this post:
 
  #307 (permalink)
Membership Revoked
United States of America
 
Futures Experience: Advanced
Platform: NT
 
Posts: 1,149 since Aug 2009
Thanks: 262 given, 471 received

Good analogy, Mike.

Let me take this one step further. If the manufacturer of the car made certain representations about its performance and the car failed to deliver as promised (let alone fall into disrepair), then you'd feel like you were taken for a ride. (No pun intended.)


Last edited by Zoethecus; June 17th, 2010 at 03:53 PM.
Reply With Quote
The following user says Thank You to Zoethecus for this post:
 
  #308 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,651 since Mar 2010
Thanks: 4,226 given, 25,600 received
Forum Reputation: Legendary

Just to be fair, some remarks.

-> I do not think that NT developpers have created the problems intentionally
-> the customer service has always been courteous and responsive, so I have some esteem for many of the guys working there
-> a number of problems has been solved with NT7, which is a better product than Nt 6.5.

It is all about complexity and a learning curve, and they have just promised more than they could achieve. I will continue to use the product, but look for an alternative as well.



Zoethecus View Post
Good analogy, Mike.

Let me take this one step further. If the manufacturer of the car made certain representations about its performance and the car failed to deliver as promised (let alone fall into disrepair), then you'd feel like you were taken for a ride. (No pun intinted.)



Last edited by Fat Tails; June 17th, 2010 at 04:27 PM.
Reply With Quote
The following user says Thank You to Fat Tails for this post:
 
  #309 (permalink)
Membership Revoked
wny
 
Futures Experience: Intermediate
Platform: ninja, excel
Favorite Futures: YM, equities
 
darthtrader3.6's Avatar
 
Posts: 86 since Jan 2010
Thanks: 6 given, 46 received


timefreedom View Post
If your library is outdated, and you can't use the Internet to effectively research the topic, stop by BNP Paribas next time you're in New York and you can see for yourself.

uhhh...
https://bnpparibasus.taleo.net/careersection/2/jobsearch.ftl?lang=en#
I guess BNP Paribas are just currently hiring positions such as:
FX Algo Developer
Inflation Quantitative Researcher
IRD Trading Risk & Pricing System Developer

Because they have no interest in such crazy things from the past like uhhh...data.

As far as Ninja I think its easy to take the customer service for granted. Their customer service and interactions with users is astounding, especially when a lot of that support is going to people who haven't even paid for the software. I've had other software that you practically have to beg on the companies own forum for any interaction from the inside.
As far as what they promise I do believe you have to cut them some slack given the scope of the project. I'm just unsure its economic to make a perfect swiss army trading knife, but its still better to have an imperfect swiss army knife than a perfect steak knife. Even if they made a perfect steak knife, everyone then would be bitching about when they are going to add a cork screw and bottle opener.

Reply With Quote
The following 3 users say Thank You to darthtrader3.6 for this post:
 
  #310 (permalink)
Membership Revoked
United States of America
 
Futures Experience: Advanced
Platform: NT
 
Posts: 1,149 since Aug 2009
Thanks: 262 given, 471 received


If any of you NT employees are reading this, you need to figure out a way to make the Sharpe Ratio in the backtest and default optimizer work properly. It's stuck on 1.00 and NT crashes when it's chosen as the metric for optimization.

Reply With Quote

Reply



futures io > > > > The Truth: NinjaTrader

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
The Truth: MultiCharts Fat Tails MultiCharts 32 September 10th, 2012 04:49 AM
Daytrading - The Pain, Truth, and Redemption Rudy52 Elite Trading Journals 18 February 12th, 2011 07:08 AM
Easy Language to NT/ Futures truth gg80108 NinjaTrader Programming 5 November 21st, 2010 11:04 AM
Can NinjaTrader data be stored other than \My Documents\NinjaTrader 6.5 tc12357 NinjaTrader 4 December 15th, 2009 02:55 PM


All times are GMT -4. The time now is 04:37 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
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.
no new posts
Page generated 2017-12-12 in 0.16 seconds with 20 queries on phoenix via your IP 54.82.112.193