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The Truth: NinjaTrader
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The Truth: NinjaTrader

  #381 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
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trendisyourfriend View Post
That may be a silly question but why don't you just change broker and/or dataprovider or switch to Zen-Fire ? I constantly hear horror stories about Interactive Broker.


I cannot confirm horror stories. There is a number of reasons that I stay with Interactive Brokers.

(a) my money is comparatively safe, guaranteed by the British state
(b) the front end is extremely reliable, never had any issues (compare no crash ever with TWS during the last years but several hundred crashes with NinjaTrader during the same period, very few down times)
(c) I can connect to a Swiss server, they have direct lines to the US
(d) I do not need high speed tick data, I am not pressing the button every few seconds.

There are some bad things to say about Interactive Brokers. The data quality is not very good, but you get what you pay for. Anyhow a broker is not a data provider, and you need to pay for additional data if you want quality. The service quality is not good either, if you have some secondary issues it may take time.

But I cannot blame IB for the problems with NinjaTrader. Could you explain me, why - all of a sudden - most problems were solved with NT7? Because NT developpers reworked the interface to comply with the specs of the API of TWS, something they should have done years ago.

But overall I feel safer with Interactive Brokers than I would with Mirus Futures. Who would guarantee my funds, if I send them to Mirus? They do not have European subsidiaries. No state protection.

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  #382 (permalink)
Elite Member
Quebec
 
Futures Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: Stage 5 trading/AMP/CQG
Favorite Futures: ES, NQ, YM
 
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Fat Tails View Post
There are some bad things to say about Interactive Brokers. The data quality is not very good, but you get what you pay for. ...

You seem to mainly trade the Forex market. If the Forex was my market i would try to find a Broker where i could use Metatrader. The platform is basic but it rocks and it's easy to program. Takes very few PC resources too.

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  #383 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
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trendisyourfriend View Post
You seem to mainly trade the Forex market. If the Forex was my market i would try to find a Broker where i could use Metatrader. The platform is basic but it rocks and it's easy to program. Takes very few PC resources too.

Trading index and currency futures. I would never consider MetaTrader for a few reasons. One of them is that it allows Forex Brokers to evaluate the trades of their retail customers and trade against them. Second MetaTrader is not impressive at all. Third, FOREX is a non-regulated market and my money is not safe with a FOREX retail account. For the time being, I am fine, and if I open a second brokerage account, I know where to look.

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  #384 (permalink)
Elite Member
Toronto, Ontario
 
Futures Experience: Advanced
Platform: NinjaTrader, Multicharts
Broker/Data: IB, IQfeed
Favorite Futures: ES, CL
 
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Fat Tails,

You nailed alot of the things that IB does very well, and they deserve alot of credit for being a solid platform, all around the world. I rely on IB as my main broker (funds are protected) and sparingly use other brokers outside of Canada. Historical data was always a pain but the chart app crashing is definitely a Ninja problem. I really made my life easier by getting a secondary data feed with iqfeed - decent historical coverage. And they will waive CME fees (like many others) if you have an account with an approved broker (IB isn't but Mirus is for me), so its simply the base cost of $60/month for all CME related exchanges. Something to consider.

Jimmy

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  #385 (permalink)
Site Administrator
Manta, Ecuador
 
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Fat Tails View Post
Today I used NinjaTrader 6.5. again after a break of 4 weeks. It crashed 3 times within the frist 10 minutes. I cannot believe that I used such a crap for several years.

CL orders will not be executed at all or only in the wrong contract month. Data cannot be loaded for more than one chart at the same time. Daily data is false for many instruments. Brrrrrrrrrr! Won't touch it again.

NinjaTrader 7 is not reliable either, but is good enough for order execution and charting. Do not try to use it for backtesting or automated trading.

Looking for a new software package soon.

Personally I hope you decide on MultiCharts, because you write such nice code I'm sure that the EasyLanguage community could definitely benefit. We already discussed how my Pivots were off, and I know that is one of the first things you would do

Mike

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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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
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  #386 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
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Big Mike View Post
Personally I hope you decide on MultiCharts, because you write such nice code I'm sure that the EasyLanguage community could definitely benefit. We already discussed how my Pivots were off, and I know that is one of the first things you would do

Mike

I think I will opt for MultiCharts. There are two reasons.

-> The principal investment is learning the language and the code. Easy Language has been the most important resource for over a decade, so I am interested to learn it. It is a bit backwardish, but extremely easy, so with some heavy knowledge of C#, it is a task that is quickly attainable.

-> NT 7.0 has quite a number of improvements compared to NT 6.5., it can be used as an execution front-end and for charting. But I would not dare to rely on it for backtesting or automated execution, as I know that there is a whole army of little devils working beyond the surface. I think that MultiCharts is more reliable for both these tasks.

The only temptation would be CQG/Mathlab. Could reuse my code and knowledge directly.

Not in a hurry, currently no problems with NT7. Also need a DOM. So if I use MultiCharts for charting, I would need something like X-Trader as well, to replace NT.

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  #387 (permalink)
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Asia
 
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Fat Tails View Post
The only temptation would be CQG/Mathlab. Could reuse my code and knowledge directly.

How closely have you looked at that? I think you need to write to (or write in) the CQG Integrated Client, which is about $1500/month.

Looks like an excellent platform, though.

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  #388 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
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MXASJ View Post
How closely have you looked at that? I think you need to write to (or write in) the CQG Integrated Client, which is about $1500/month.

Looks like an excellent platform, though.

You have mentioned the main reason, why I have not yet looked at it closely.

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  #389 (permalink)
Site Administrator
Manta, Ecuador
 
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Fat Tails View Post
You have mentioned the main reason, why I have not yet looked at it closely.

I've been meaning to do some research on CQG. I've started a new thread so we can discuss it, here it is:
https://futures.io/platforms-indicators/5237-cqg-platform-cqg-trader-cqg-integrated-client.html#post58564

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 user says Thank You to Big Mike for this post:
 
  #390 (permalink)
Elite Member
San Diego, California
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: IB, OEC, Optimus, DDT
Favorite Futures: ES, ZN
 
Posts: 221 since Jun 2010
Thanks: 513 given, 157 received



Fat Tails View Post
... Then you would also add something like Ensign or SierraChart for charting and you would end up with 3 software packages.

Sierra Chart supports Advanced Trading.

Sierra Chart has historical data with package 2/3/4 ($26/mo).

You can install and use as many copies of SC on the same computer as you want and you can use SC from two computers at the same time.

Loading data is way faster than NT.

Take a free trial to see whether you like it or not.

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