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The Truth: NinjaTrader


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The Truth: NinjaTrader

  #341 (permalink)
 vegasfoster 
las vegas
 
Experience: Intermediate
Platform: Sierra Chart
Broker: Velocity/IB
Trading: 6E
Posts: 1,145 since Feb 2010
Thanks Given: 304
Thanks Received: 844


webart View Post
Yeah I am looking for alternatives, but my main account is with IB, so I need something that will work with IB and has a DOM. I don't use indicators, but do use chart tools like trend lines.

I've been holding out for NT 7 ever since it was announced, thinking that it would be the answer, but it's been so long coming and still ins't here .. all the time waiting fighting with 6.5.

I have been using NT7 for a while, and I was looking forward to improved stability, fixing the annoying little problems, mult-series capabilities, and improved replay functionality. As far as stability, it crashes just as often as 6.5. And it has all the same annoying problems, e.g. screwed up orders, screwed up position status, screwed up account performance reporting, crappy alert system, crappy market screener, etc. The multi-series seemed like it was going to be cool, but it just doesn't work very well in reality for charting and disretionary trading and for numerous reasons I don't even bother with it at this point. It may be worthwhile for building strategies, but otherwise it's better to simply use two different charts. The only new feature that I find worthwhile is the improved replay, which at the same time is still extremely frustrating because you still have to disconnect and reconnect to another data feed, you can only download 1 day at a time for 1 instrument at a time, it still crashes constantly, and the account performance reporting still doesn't work half the time. Also, yesterday I downloaded replay data for gj and it was showing a 7 pip spread during the U.S. session. It's usually around 2 pips through my broker, so I don't where the currency replay data is coming from, but it's unusable for me. I have 1 more month on my ninja license and I am trying to find a replacement before then.

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  #342 (permalink)
 webart 
Australia
 
Experience: Intermediate
Platform: NT
Posts: 106 since Apr 2010
Thanks Given: 48
Thanks Received: 84


Quoting 
Hi MT,

Yes I know the feeling regarding reporting bugs and them not being able to replicate it. Meanwhile, back at the ranch there are numerous people also reporting the same issues as ones that get reported.

Not only that, you can prove to them that the issue is not an issue with your hardware as other software or similar parts of software work successfully but because it does not happen on "their" system, it is not a bug. Not good and another reason why I will not splash out and buy it, unless their attitude towards having issues no matter how big or small are solved.

Overall, its a bitter sweet relationship really, lots of nice features and things about NT, yet so many stupid and unthoughtful ideas lack. They could easily get the polish out and shine that mother but for whatever reason, they just plod on with deaf ears at times.

Who knows, what will or could happen here.

Hey I've got issues from early 6.5 that are still present in 7 (eg X box graph crashes) that I have reported multiple times over years. And this happens on multiple installs and different hardware and OSes, but I get the runaround about reinstalling .NET (which I have done) or that they can't recreate it etc. I can recreate it on que, on any machine any OS, fresh install etc.

In the end you just give up and work around it.

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  #343 (permalink)
 webart 
Australia
 
Experience: Intermediate
Platform: NT
Posts: 106 since Apr 2010
Thanks Given: 48
Thanks Received: 84



Quoting 
The only new feature that I find worthwhile is the improved replay, which at the same time is still extremely frustrating because you still have to disconnect and reconnect to another data feed, you can only download 1 day at a time for 1 instrument at a time, it still crashes constantly, and the account performance reporting still doesn't work half the time. Also, yesterday I downloaded replay data for gj and it was showing a 7 pip spread during the U.S. session. It's usually around 2 pips through my broker, so I don't where the currency replay data is coming from, but it's unusable for me. I have 1 more month on my ninja license and I am trying to find a replacement before then.


Yes it would be good if it worked. Have you ever tried a couple of strategies against a replay !! It's so buggy as to render it useless, its just crash after crash after crash.

As for the spread, if it is an FX instrument, then the data they record is gain and gain does have some of the wider spreads. THink of it as a worst case screnario.

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  #344 (permalink)
 vegasfoster 
las vegas
 
Experience: Intermediate
Platform: Sierra Chart
Broker: Velocity/IB
Trading: 6E
Posts: 1,145 since Feb 2010
Thanks Given: 304
Thanks Received: 844


webart View Post

As for the spread, if it is an FX instrument, then the data they record is gain and gain does have some of the wider spreads. THink of it as a worst case screnario.

I hear you, but when you are trying to practice scalping and your entries are that far off the mark, it's no good.

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  #345 (permalink)
 
Fat Tails's Avatar
 Fat Tails 
Berlin, Europe
Market Wizard
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
Posts: 9,888 since Mar 2010
Thanks Given: 4,242
Thanks Received: 27,103


MetalTrade View Post
but what are the possible alternatives ?

There is no integrated software comparable with NinjaTrader. You could use

- Button Trader for trade execution / DOM / Advanced Trade Management
- One of the many charting programs (Sierra Chart, Ensign , MultiCharts, Investor RT)
- Amibroker for BackTesting

It really depends, what you want to use it for.

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  #346 (permalink)
 MetalTrade 
 
Posts: 1,055 since May 2010

I started up this morning to trade my favorite $EURJPY and $GBPUSD, it crashed again while I was loading up charts, then it crashed when I entered a trade.

I have send an email to the sales dep. to cancel my quarterly subscription. I'm now looking at an alternative, I need a good charting program with preferable a charttrader and automatic trading possibility.

Today is a sad day !!

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  #347 (permalink)
 webart 
Australia
 
Experience: Intermediate
Platform: NT
Posts: 106 since Apr 2010
Thanks Given: 48
Thanks Received: 84

Don't forget Tradestation which is an alrounder with good support.

Also Xtrader is good for fast order entry. (used by many commercial traders)

Then there is Market Delta which I think is well worth a look.

BM likes Multicharts, but I havn't tried it yet.

There are a few dedicated robotic trading design suits also, but the learning curves are often steep.

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  #348 (permalink)
 
LukeGeniol's Avatar
 LukeGeniol 
Italy (IT) Italy
 
Experience: Advanced
Platform: ATAS, R|Trader, NT8
Broker: Rithmic
Trading: CL, Brent, GC, TF
Frequency: Daily
Duration: Minutes
Posts: 1,499 since Apr 2010
Thanks Given: 408
Thanks Received: 985

Moderator Notice
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Take your Pips, go out and Live.
Luke.
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  #349 (permalink)
 studio88 
Queensland, Australia
 
Experience: Intermediate
Platform: NinjaTrader, ProRealtime, Others
Broker: IB
Posts: 94 since May 2010
Thanks Given: 102
Thanks Received: 47


eDanny View Post
In their defense, if they can't replicate the problem it is very hard to fix it. I have had that problem with an indicator where I had two testers report the same problem and I could not replicate on two machines and using both NT6.5 and NT7. Then after a week I saw the problem on one machine in NT7 and was able to nail down the problem area. Some things aren't always quite 'in-your-face' apparent.

Dan


eDanny, I Agree there , its a real pickle when trying to replicate certain things. Although I myself can easily replicate the issue every day, but I guess there are still quite a few other things to try which I will get around to over this weekend.

One thing I dont understand though, the issue I had reported , although be it a small one, to me should be able to do a quick code compare without having to break it down.

Meaning, I reported how with NT7, that when you right click a chart and choose DATA SERIES, I cannot move the box or close it using the mini X.

But using NT6.5 , they call it something like Format Data Series instead of Data Series, but I can move it and I can close the dialog box using the mini X button on the top right corner.

Now surely it is similar coding for that simple function with that same box yeah? So why does it close in NT6 and not NT7 ?? (but only when using it on external monitors when you have multi display setup).

To me, even without the same hardware setup or replication to recreate it, they could spend half hour to compare the code to see what is actually different about the NT6 vs NT7 section of dialog boxes that have the miniX buttons.

In the scheme of things though, there are more important things needing fixed, but my point here is the process to be able to compare code surely would give a quick answer. Do you not think? And as you know there are programs out there that actually do that task and compare code etc etc.

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  #350 (permalink)
 
MWinfrey's Avatar
 MWinfrey 
Lubbock TX
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Stage 5 Trading
Trading: CL
Posts: 1,878 since Jul 2009
Thanks Given: 1,450
Thanks Received: 3,335


This thread is really interesting and sad too. Seems that use of NT is more like a religious war than anything else. Anyway, I've been with nt for over 3 years now. I had a few problems at the beginning with version 6 but they weren't show stoppers. I learned the software and it's idiosyncracies (spelling) and find it to be just fine. I can't remember the last time I had a crash on my trading machine. You see, I have 3 computers. I do developement and all the stuff that may cause a problem on my development machine and then once I'm satisfied with the product I put it on my trading computer. Again, my trading computer hasn't crashed or even burped in quite some time.

Also, it takes quite a bit on my development computers to make them burp as well.

So, there you have it. My experience has been very good. NT 6.5 with Zen-Fire is very stable and fast for me.

Now for NT7. I have it on one computer and this latest version is doing very well too. It hasn't crashed at all. I do some sim trading on it just to test it to make sure my trading charts will perform as well as the nt 6.5 version.

All in all, I'm a happy camper. However, I know all good things can turn to dodo in a very short time.

Now for tech support...I get very good support from those guys. They respond quickly either via the support forum or email.

As I said at the beginning...very interesting and sad thread.

Mike Winfrey

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