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The Truth: NinjaTrader
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The Truth: NinjaTrader

  #491 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,653 since Mar 2010
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Little annoyances

Just added a sound alert to my indicator. The .wav file was located in the correct directory. Nothing. No signals.

After a few minutes I remembered that NT7 - unlike NT 6.5. - cannot read all .wav files.

So I had to convert the .wav/MPEG to .wav/PCM and now the sound played.

Sometimes you really think that NT has been explicitly designed to annoy users.

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  #492 (permalink)
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SouthEast - USA
 
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jagui View Post
NinjaTrader (chart trader) today duplicated some of the trades on the sim account, while I did them only in the real account. P/L is splitted between sim and real account. When a sim trade closed, P/L of both real and sim were updated. During trades I heard "Stop filled" and "Target filled" several times, while having no open positions... that was a little scaring.

This is obviusly a bug. I didn't change the account in chart trader. The sim trades were by no chance made by me, it was like a hidden strategy was running on the sim account. I don't even ever touched anything about "strategies" on this production machine, which is a brend-new dell with plenty of ram and only ninja trader installed.

See screenshot. The sim trades were done automagically by ninja.

Some time ago I reported a similar bug to ninja support. They replied that was my fault, because, they said, I pushed the "REV" button on chart trader. I didn't pushed that button, but I was not 100% sure so I gave up. Now I'm 100% sure I didn't selected the sim account, I was live trading.


Bring up the DOM. Right Click. Advanced Options. Make sure for each one of your strategies " Shadow" is set to none

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  #493 (permalink)
 R.I.P. 1960-2010 
 
Futures Experience: Advanced
Platform: NinjaTrader7
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I fixed this problem for another futures.io (formerly BMT)F user, a few months back. Forgot all about it.


Fat Tails View Post
Just added a sound alert to my indicator. The .wav file was located in the correct directory. Nothing. No signals.

After a few minutes I remembered that NT7 - unlike NT 6.5. - cannot read all .wav files.

So I had to convert the .wav/MPEG to .wav/PCM and now the sound played.

Sometimes you really think that NT has been explicitly designed to annoy users.


R.I.P. Andy Zektzer (ZTR), 1960-2010.
Please visit this thread for more information.
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  #494 (permalink)
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Italy - Roma
 
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NoJob View Post
Bring up the DOM. Right Click. Advanced Options. Make sure for each one of your strategies " Shadow" is set to none

Yes, it was set to none on all strategies.

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  #495 (permalink)
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Futures Experience: Advanced
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NinjaTrader 7 Backup Crash

NinjaTrader crashes during backup.

You need backups, because NinjaTrader crashes during backups.

NinjaTrader creates its own feedback loops.

This is similar to the flash crash, which was also created by feedbacks.

The flash crash required a huge number of market participants.

NinjaTrader can crash on its own without a market.

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  #496 (permalink)
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jagui View Post
Yes, it was set to none on all strategies.

Hmm..
That's the only situation I've ever seen that would cause that behavior, if I run across something else that causes it I will pass on the info.

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  #497 (permalink)
Membership Temporarily Revoked
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Futures Experience: Master
Platform: CQG, TT X Trader, Ransquawk
Favorite Futures: ES, Bund, Euro
 
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Ninja Trader does have it place, as someone on the thread rightly mentioned... if you're new to trading and have less than $100,000, Ninja Trader serves the purpose of introducing trading to you, but it is by no means a professional platform, as some retail traders argue, and as a result it does have some big limitations that you're going to quickly need to get over once you understand what you're doing.

A full professional setup....
CQG - I pay around $1000 a month for mine with market profile
TT X trader - I pay $1600 a month for X Trader Pro
Reuters - $3000 a month
Dedicated Line - $300 a month
Total: $5900 a month fixed over heads - $70,800 a year fixed over heads.

Now a lot of people in the retail community wouldn't be trading if their fixed over heads were $70k a year, so like I say, Ninja Trader does have its place, but if you're earning money, you want to move on pretty quickly. Put it this way... ever heard of a prop firm or investment bank using NT?

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  #498 (permalink)
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Awesome

Interesting - that is some major overhead to cover! Obviously you trade for a living so your opinion holds more weight (IMHO).
I would be interested if in one sentence you could describe the edge that your setup gives you over something like NT?

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  #499 (permalink)
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Asia
 
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Bids View Post
Ninja Trader does have it place, as someone on the thread rightly mentioned... if you're new to trading and have less than $100,000, Ninja Trader serves the purpose of introducing trading to you, but it is by no means a professional platform, as some retail traders argue, and as a result it does have some big limitations that you're going to quickly need to get over once you understand what you're doing.

A full professional setup....
CQG - I pay around $1000 a month for mine with market profile
TT X trader - I pay $1600 a month for X Trader Pro
Reuters - $3000 a month
Dedicated Line - $300 a month
Total: $5900 a month fixed over heads - $70,800 a year fixed over heads.

Now a lot of people in the retail community wouldn't be trading if their fixed over heads were $70k a year, so like I say, Ninja Trader does have its place, but if you're earning money, you want to move on pretty quickly. Put it this way... ever heard of a prop firm or investment bank using NT?

Interesting perspective. I've been looking at things with the 2/20 rule. 2% of your AUM should cover your overhead + base pay. The 20 is whatever benchmark you want it to be (I do xxx basis points over the risk-free rate).

@ 2% of a $100K you are looking at $167 per month.... which is Ninja + extra datafeed.

But then I'm a very conservative guy . FWIW I think a few smaller prop guys use Ninja but with external risk using the TT and PATS modules, for example.

Has your Reuters rep showed you Eikon yet?

EDIT: With my 2% rule I have to keep my day job, BTW.

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  #500 (permalink)
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Malaysia
 
Futures Experience: Beginner
Platform: Multichart DT
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Hi,

Anything in between when you want to step to the next level when you trading improve?

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