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The Truth: NinjaTrader
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The Truth: NinjaTrader

  #311 (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
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The problem of NinjaTrader is its complexity. If you compare to TradeStation, it is still young, and it is coming with more features. There is know-how required, and the learning curve takes some time. NinjaTrader does -> data feeds -> order execution -> charting > trade metrics -> backtesting -> automated trading.

If you have a datafeed, do you need to put all this into one piece of software? The answer is no. It is just convenience that lets you do this. Anyhow you don't want to backtest a system on your trading machine, do you? NinjaTrader's strengths are its Zenfire datafeed, its order execution and the associated charting.

I have some reserves to use the trade metrics, after I learned that NT 6.5 added Dollars to Euros. So I just review my trades in Excel. The same applies to backtesting.


Zoethecus View Post
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.


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  #312 (permalink)
Membership Revoked
United States of America
 
Futures Experience: Advanced
Platform: NT
 
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Fat Tails View Post
NinjaTrader's strengths are its Zenfire datafeed, its order execution and the associated charting.

I agree on the first two but not the last. There are many better charting platforms. eSignal and TradeStation immediately come to mind.

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  #313 (permalink)
 R.I.P. 1960-2010 
 
Futures Experience: Advanced
Platform: NinjaTrader7
Broker/Data: Mirus RCG/Zen-Fire
Favorite Futures: CL & 6e, looking at ES, ZB and AU again.
 
ZTR's Avatar
 
Posts: 2,099 since Nov 2009
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How many contracts can be loaded into NT7's Chart Trader?


One of my goals was to see just how hard NinjaTrader7 Beta 17 can be pushed.

Here it is: This night I traded close to 50,000 contracts. In Sim, of course. As I do not have the bank-roll to enter into 50,000 contracts. Also did a few real trades and checked them against my brokerage statement - it was accurate.

But look at this, there are 27,500 contracts in the chart trader. Yes, it did slow down a little when I was moving the outer Buy-Stop and lower Sell limit. But smaller ones like shown (100 cars) moved easily.

I normally do not post crazy stuff in the open area of the forum. But today I wanted to show what this program can do, even when pushed harder than I probably ever will with real $$$.


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

R.I.P. Andy Zektzer (ZTR), 1960-2010.
Please visit this thread for more information.
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The Truth:  NinjaTrader-lots.png  
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  #314 (permalink)
 R.I.P. 1960-2010 
 
Futures Experience: Advanced
Platform: NinjaTrader7
Broker/Data: Mirus RCG/Zen-Fire
Favorite Futures: CL & 6e, looking at ES, ZB and AU again.
 
ZTR's Avatar
 
Posts: 2,099 since Nov 2009
Thanks: 1,104 given, 1,390 received

Live NT7Beta18 Trading

I keep seeing the reluctance to go to NT7 in several threads.

The number of submissions on the forum for 6.5 is dropping rapidly. While I understand inertia, the momentum has shifted to better and better betas. A super majority of the really new and innovative work is being done for 7, not 6.5.

Yes, there will be a beta 19, but I am guessing that 20 will become the Official NT7 release.

This week I traded live with beta 18 and it preformed exactly like it did when I was still testing it in sim.

Have attached the brokerage statement to back up the trades listed on the chart. I call this the rapid click exit method. Once the price stalled I began unwind my 10 car position, 1 click at a time.

Have used limits as well as stops and ALL trades are entered, positioned and exited using chart trader with an ATM strategy.

There are still a few problems, but it is good enough for me to trade live with it.

Disclaimer: Always have your trade desk on speed dial if you trade live. Call them before ever making a real $$$ trade to gauge the response time.

R.I.P. Andy Zektzer (ZTR), 1960-2010.
Please visit this thread for more information.
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The Truth:  NinjaTrader-trades_ym.png   The Truth:  NinjaTrader-ym-09-10-128-volume-7_9_2010_1154.jpg  
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  #315 (permalink)
Membership Revoked
 
Futures Experience: Beginner
 
Posts: 1,081 since May 2010
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I'm making a choice between Multicharts 6 and NT7b18.

NT7b18 has been running better with some problems fixed but Multicharts really feels rock solid. Multicharts 6 will have connection to the dukascopy API but common, no chart trader ? No dom ? Nothing ? No ordering ? Pfff, what a joke !!!

That's not too hard to program isn't it ? Some buttons who link to an API to fill an order and display it on a chart ?

That's really a nogo for me on Multicharts!!

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  #316 (permalink)
Elite Member
Queensland, Australia
 
Futures Experience: Intermediate
Platform: NinjaTrader, ProRealtime, Others
Broker/Data: IB
 
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MetalTrade View Post
I'm making a choice between Multicharts 6 and NT7b18.

NT7b18 has been running better with some problems fixed but Multicharts really feels rock solid. Multicharts 6 will have connection to the dukascopy API but common, no chart trader ? No dom ? Nothing ? No ordering ? Pfff, what a joke !!!

That's not too hard to program isn't it ? Some buttons who link to an API to fill an order and display it on a chart ?

That's really a nogo for me on Multicharts!!


Hi MT,

I agree with you there, I ran MC in parallel with NT7b for a month and really, really started to take to MC but as you have also said, without the basics of order entry/execution I find what is the point. This is where NT shines.

In some ways I wish I had the brain to program as such as so then I would probably rip apart NTs order entry systems and a few other bits and pieces and wack it into MultiCharts to create rebirth platform.

May as well call it MultiNinja for easy marketing, haha :P

Anyone know if there futures.io (formerly BMT) members can obtain a discount for licenses on these licences NT or MC platforms?

Would be good if NT gave futures.io (formerly BMT) members a multibroker licence for the price of a normal licence, as only being able to use one elected broker kinda sux dont you think? Meaning if you wish to change brokers then you need to upgrade.

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  #317 (permalink)
Site Administrator
Manta, Ecuador
 
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Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
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studio88 View Post
Anyone know if there futures.io (formerly BMT) members can obtain a discount for licenses on these licences NT or MC platforms?

Studio, MultiCharts was offering a discount to participants of the MultiCharts webinar. You can check that thread, I am not sure if they will still honor it this late or not, you'll have to contact them to see. Here is the thread:

https://futures.io/elite-circle/3383-upcoming-webinars-training-education-8.html#post47997

As for the DOM, yes for sure, it is a big missing feature. But, the rest of the program more than makes up for it. Solid programming, quick fixes, no surprises, everything just works as it should. Still, this is now off-topic so please direct any MultiCharts related posts to the MultiCharts thread here.

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

Need help?
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  #318 (permalink)
Elite Member
Italy (IT)
 
Futures Experience: Advanced
Platform: ATAS, R|Trader, NT8
Broker/Data: Rithmic
Favorite Futures: CL, Brent, GC, TF
 
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Posts: 1,501 since Apr 2010
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studio88 View Post
..................................................................................Would be good if NT gave futures.io (formerly BMT) members a multibroker licence for the price of a normal licence, as only being able to use one elected broker kinda sux dont you think? Meaning if you wish to change brokers then you need to upgrade.

If u want to change broker u don't need to upgrade to multi-broker license but only just ask for changing broker and it's free Trading Platform. NINJATRADER. Purchase a Subscription..

Luke.

Take your Pips, go out and Live.
Luke.
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  #319 (permalink)
Elite Member
Queensland, Australia
 
Futures Experience: Intermediate
Platform: NinjaTrader, ProRealtime, Others
Broker/Data: IB
 
Posts: 94 since May 2010
Thanks: 102 given, 47 received


Big Mike View Post
Still, this is now off-topic so please direct any MultiCharts related posts to the MultiCharts thread here.


Sorry about that Mike, was not trying to derail the thread at all but rather just discussing parallels.

Thanks for the links too

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  #320 (permalink)
Elite Member
Queensland, Australia
 
Futures Experience: Intermediate
Platform: NinjaTrader, ProRealtime, Others
Broker/Data: IB
 
Posts: 94 since May 2010
Thanks: 102 given, 47 received



LukeGeniol View Post
If u want to change broker u don't need to upgrade to multi-broker license but only just ask for changing broker and it's free Trading Platform. NINJATRADER. Purchase a Subscription..

Luke.


Hi Luke,

Sheebers, I dont know why I had it set in my head for the past 6 months that if you wanted to use another broker you had to upgrade , thanks for the clarification.

Cheers m8

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