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The Truth: NinjaTrader
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The Truth: NinjaTrader

  #411 (permalink)
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Fat Tails View Post
The issues are fixed in NT7 via a different symbol mapping. For example, you need to change CL to CL||||1.

The "issue" was rather simple. IB's API uses as contract month the month of the last trading date. NT uses as contract month the nominal contract month. The problem therefore occurs for all instruments that expire prior to the nominal contract month.

This includes CL, RB, HO, BC (Brent Crude), but also agriculturals such as SB (sugar).

So, is there some automatic notice or behavior that would inform a user to make such a change? "Hey, I noticed you are using Interactive Brokers and trading CL, you need to change from CL to CL||||1" ? Otherwise, I would say 99.9% of people won't make the change.

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  #412 (permalink)
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Big Mike View Post
So, is there some automatic notice or behavior that would inform a user to make such a change? "Hey, I noticed you are using Interactive Brokers and trading CL, you need to change from CL to CL||||1" ? Otherwise, I would say 99.9% of people won't make the change.

Mike

For CL the default symbol mapping is now CL||||1, so you do not need to make the change.

But for other instruments such as BC and SB, the default settings are not yet correct. But the NT guys just need to enter them, so that should not be any problem.

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  #413 (permalink)
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jagui View Post
Can you drag and drop stops and targets in Sierra?
Can you define ATM strategies like Ninja?

The answer is yes to both questions.
I'm demoing Sierra and at first glance it is impressive.
Full-featured with an extremely low footprint and smoothness, comparing to ninja.
Very easy to use and intuitive.
My first impression was: "this is what multichart should be" :-)

I believe it is written in plain c++ and it is well designed.
The interface look a little "old" but I think it can be customized.

The reasons fot not using it as far as I know now:

  • you can't trade trough zen-fire
  • no VMA (variable moving average) by default, and other useful indicators available for ninja

The second is not a problem, as I could program it (right?)
What about the first? Is TransAct as fast and reliable as zen-fire?

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  #414 (permalink)
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nn
 
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Forums - Is NinjaTrader spying on your trades?

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  #415 (permalink)
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Ray gives the answer that he needs to transmit the information on executed trades because of the license fees that NinjaTrader has to pay to Trading Technologies. This is credible. The negative point is that the information of your trades is collected in real-time, and that it is not encrypted and can be therfore easily tracked.

But, again, who wants to track that stuff. Nobody is really interested in spying out trades of poor retail traders. The spy would rather be interested in knowing what Goldman Sachs or some of the larger hedge funds are doing. Also I doubt that the system is used to frontrun your trades.

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  #416 (permalink)
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What about they make a top 10 of trading strategies that works best ?

Would you like that ?

They should pay YOU instead of you paying them.

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  #417 (permalink)
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MetalTrade View Post
What about they make a top 10 of trading strategies that works best ?

Would you like that ?

They should pay YOU instead of you paying them.

It would be a lot easier for your broker to do that, wouldn't it?

Google "multi prime broker" if you AUM is over $10 million.

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  #418 (permalink)
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MetalTrade View Post
What about they make a top 10 of trading strategies that works best ?

Would you like that ?

They should pay YOU instead of you paying them.

Information is always a sensitive issue. But I do not think that the business model of NinjaTrader has anything to do with spying. They sort of violated a patent of Trading Technologies, and the settlement of the issue requires them to pay a fee per trade, so they need to register the trades for paying that fee. I believe that it is something Ray would rather stop sooner than later. They should just be more diligent, how they handle that information and encrypt it properly.

What is the probability for a New York Times headline

Spy became multimillionaire after reverse-engineering the fabulous trades of MetalTrade

or FatTails or any other retail trader who uses the poor man's trading platform called NinjaTrader (NINJA = No Income No Job and Assets).

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  #419 (permalink)
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Sorry, but the Argument of "poor" retail trader doesn't comfort me. Trust me, I have seen first hand what Immense force many "poor" traders can move prices @ the same time = Internet boom. You would be amazed
how institutions can get runnover by many little guys. I know I could find many edges by consolidating what
the masses are doing.

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  #420 (permalink)
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Little Joe View Post
Sorry, but the Argument of "poor" retail trader doesn't comfort me. Trust me, I have seen first hand what Immense force many "poor" traders can move prices @ the same time = Internet boom. You would be amazed
how institutions can get runnover by many little guys. I know I could find many edges by consolidating what
the masses are doing.

I think that the risk is quite high, if you have a FOREX retail broker who is trading against you. Platforms like MetaTrader are easy to exploit, in particular if the customer is not trading on a regulated market such as CME, but on the broker's own platform. That is where the real risk is!

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