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The Truth: NinjaTrader
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The Truth: NinjaTrader

  #881 (permalink)
Market Wizard
Las Vegas, NV
 
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Fat Tails View Post
This is something that I like about this forum - I do not have to write my contributions in French.

Déjà pour trouver la cédille c'est ne pas facile - ensuite le Ë (Alt 0203) c'est encore pire. Et comme je suis absolumment nul en grammaire, je dois récrire chaque phrase au moins 3 fois aprés avoir contrôlé mot par mot.

What?????

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  #882 (permalink)
Elite Member
Portland Oregon, United States
 
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Flawed thesis


Quoting 
Look, I run a very powerful system, here. Quad-core, 8GB of RAM, multiple monitors, cross-fired video cards, my own UPS (uninterruptable power supply) -- some of the most demanding Engineering software in the world doesn't crash my system -- but NinjaTrader somehow manages to crash itself constantly.

Listen to me:

When it comes to managing your own real money, I don't see how it can even be debated that platform stability is essential. I can not trust NinjaTrader to even run correctly -- let alone entrust it to trade for me.

The truth is that you can't trust it, either.

And if you've used it enough, you know it.

Those of you who are thinking about using NinjaTrader to automatize trading for you need to really think twice -- no joke, here. The "software" NinjaTrader sells is, in my opinion, the junkiest, buggiest, piece of amateurish crap I've seen in quite some time -- maybe all the way back to the spreadsheets of the 1980's. If I had purchased it, I would literally file a suit at law to obtain my money back -- and not because I even care about the money: this junk they're selling is pure garbage.

You, as a trader, deserve better. And you should NOT settle for this kind of shoddy, second-rate crap to trade with.

Now, listen to ZONDOR.

After having rewritten and optimized all of the Ninjatrader indicators that I use, I would challenge anyone to demonstrate a trading platform that is as stable as mine has become. The overall resource use efficiency of most Ninjatrader indicators is poor because most programmers do not give it ANY consideration. THAT is where the problem is.

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  #883 (permalink)
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Fat Tails View Post
This is something that I like about this forum - I do not have to write my contributions in French.

Déjà pour trouver la cédille c'est ne pas facile - ensuite le Ë (Alt 0203) c'est encore pire. Et comme je suis absolumment nul en grammaire, je dois récrire chaque phrase au moins 3 fois aprés avoir contrôlé mot par mot.


I'm really glad I don't have to write in French! I have a hard enough time just spelling correctly in English.

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  #884 (permalink)
Elite Member
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Zondor View Post
Now, listen to ZONDOR.

After having rewritten and optimized all of the Ninjatrader indicators that I use, I would challenge anyone to demonstrate a trading platform that is as stable as mine has become. The overall resource use efficiency of most Ninjatrader indicators is poor because most programmers do not give it ANY consideration. THAT is where the problem is.

MT4, hands down. We can't compare, but I would bet anyone that nothing is as stable.... Nothing has as many broker feeds, and users from around the world that use every bit of functionality over and over and over again...

There are so many bugs in NT7... Not even in the same league...

Sorry for disagreement Zondor... haha...

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  #885 (permalink)
Elite Member
Berlin, Europe
 
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bluemele View Post
MT4, hands down. We can't compare, but I would bet anyone that nothing is as stable.... Nothing has as many broker feeds, and users from around the world that use every bit of functionality over and over and over again...

There are so many bugs in NT7... Not even in the same league...

Sorry for disagreement Zondor... haha...

@bluemele: You are dreaming.....

(1) MetaTrader is a broker platform with integrated data management. It is an effective tool for brokers to keep track of your positions and trade against you. See link below.

http://www.metaquotes.net/en/metatrader4

(2) The broker can use tools such as the Virtual Dealer Plug-in supplied by Boston Technologies to make sure that he has an edge when trading against you. See link below.

Virtual Dealer Plugin
http://www.pipinvestment.com/wp-content/uploads/metatrader-virtual-dealer-plugin.pdf

I am not saying that all MetaTrader brokers are dishonest. I am saying that MetaTrader has been designed to suit broker needs and not your needs. I would never ever use the service of a MetaTrader broker who has an own dealing desk and provides services other than connecting to an ECN.

(3) As far as I know, MetaTrader 4

-> does not offer tick, volume or range bars
-> does not allow all values for minute bars
-> has no market depth
-> does not allow to access futures markets
-> does not allow you to connect to external data feeds

This is a dangerous toy but not a retail platform.

NinjaTrader is far more advanced and is not sold to brokers to trade against you. But it is sold to you to stay independent from your broker.

What a difference!


Last edited by Fat Tails; January 3rd, 2012 at 08:30 PM.
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  #886 (permalink)
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bluemele View Post
MT4, hands down. We can't compare, but I would bet anyone that nothing is as stable.... Nothing has as many broker feeds, and users from around the world that use every bit of functionality over and over and over again...

There are so many bugs in NT7... Not even in the same league...

Sorry for disagreement Zondor... haha...

Oh my... I generally just bite my tongue when I see (quite often) stuff here that is not accurate. But not biting this time. If you plan to trade, NinjaTrader is a tool that you can use. MT4 is a bucket-shop front-end. Hope it helps someone.

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  #887 (permalink)
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Moderator Note


Please create a new thread "NinjaTrader vs. MetaTrader" to continue that topic, or use the existing thread below:




https://futures.io/platforms-indicators/4651-ninjatrader-vs-metatrader-backtesting-realtime-analysis-fx.html

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  #888 (permalink)
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timefreedom View Post
Oh my... I generally just bite my tongue when I see (quite often) stuff here that is not accurate. But not biting this time. If you plan to trade, NinjaTrader is a tool that you can use. MT4 is a bucket-shop front-end. Hope it helps someone.

It doesn't have to be....

NT when trading currencies is the same....

Seems like I struck a chord. I was strictly referencing reliability of software..... Nothing more.

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  #889 (permalink)
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bluemele View Post
It doesn't have to be....

NT when trading currencies is the same....

Seems like I struck a chord. I was strictly referencing reliability of software..... Nothing more.

Simple tools tend to me more reliable than complex tools, so you are probably right. But you are comparing a bicycle with a rocket.

In my opinion NinjaTrader 7 (as opposed to NinjaTrader 6.5) is pretty reliable. As @Zondor explained, it allows you to do many things at the same time. This requires proper coding and handling. A single custom indicator, which is not properly coded, can easily cause a problem. The user then tends to blame NinjaTrader, where removing that faulty custom indicator would resolve the problem.

NinjaTrader does have a few minor bugs, but so has every software package that I have tested.

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  #890 (permalink)
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puma View Post
I had text, trend lines, rays, vertical trend lines.

I knew it was an issue on smaller time frames (sub Daily)
(it is ill-conceived there too)

But I was told by support it is not an issue on daily or higher,
hence my bad mood.

Puma,
DrawObjects (including texts) are saved by NT. You just got to save the same via a workspace (in Control Center, goto File>WorkSpace>Save Workspace/Save Workspace As).

the 20 day limit is for sub Daily only as eDanny rightly pointed out. Daily and above works fine (i tested Daily and Weekly at my end, which worked fine).

cheers

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