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The Truth: NinjaTrader
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The Truth: NinjaTrader

  #891 (permalink)
Elite Member
Honolulu, Hawaii
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: ATC/TT, AMP/Zen-Fire, AMP/CQG
Favorite Futures: TF
 
bluemele's Avatar
 
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Fat Tails View Post
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.

@Fat Tails. I agree. Zondor posted the challenge, I responded just for conversation.

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  #892 (permalink)
Rristocrat
zurich
 
Futures Experience: Advanced
Platform: Sierra ahRrrr CQG ...
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re


bukkan View Post
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

Hi bukkan, thanks for your post.

Sadly in my case it did not work. As my screenshot shows Ninja removed most objects from my monthly.
I show the log also. The Log says removed because older than 20 days.

So save you work with "Save Workspace" is not doing that every user would expect: SAVE your work.

In any case, why is the user not ask if Ninja wants to delete something ? (even sub daily )
What a joke in this regard is the LOCK feature - it has no impact.
What is a user supposed to think if he see "lock" this chart object ?


There is another (here unrelated )bug in Ninja, that causes "Save Workspace" not to save your charts. You need to close the workspace to save your work. One will realise this "feature" only if your Ninja crashed for some other reason. After the crash you will find that your earlier use of "Save Workspace" was useless - nothing was saved.

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  #893 (permalink)
Elite Member
Portland Oregon, United States
 
Futures Experience: Beginner
Platform: Ninjatrader®
Broker/Data: CQG, Kinetick
Favorite Futures: Gameplay Klownbine® Trading of Globex
 
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Posts: 1,327 since Jul 2009
Thanks: 1,246 given, 2,635 received



Quoting 
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.

Thanks FT, your posts are a breath of fresh air.

I would add that most of the Ninjatrader system indicators are also inefficiently coded and will waste a lot of resources on COBC false. They may not crash Ninjatrader, but they can really slow it down.

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  #894 (permalink)
Elite Member
Bala, PA, USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus, IB
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puma View Post
Hi bukkan, thanks for your post.

Sadly in my case it did not work. As my screenshot shows Ninja removed most objects from my monthly.
I show the log also. The Log says removed because older than 20 days.

So save you work with "Save Workspace" is not doing that every user would expect: SAVE your work.

In any case, why is the user not ask if Ninja wants to delete something ? (even sub daily )
What a joke in this regard is the LOCK feature - it has no impact.
What is a user supposed to think if he see "lock" this chart object ?


There is another (here unrelated )bug in Ninja, that causes "Save Workspace" not to save your charts. You need to close the workspace to save your work. One will realise this "feature" only if your Ninja crashed for some other reason. After the crash you will find that your earlier use of "Save Workspace" was useless - nothing was saved.


True 'Save Workspace" does not seem to write the xml file to disk. If NT terminates abnormally, you lose all your drawings, and workspace configuration. But, I believe that "Save Workspace As" works properly, although I haven't tested it. I generally use "Save workspace As" to save a workspace to a temp name, then save that temp workspace back to the original name.


Last edited by monpere; January 4th, 2012 at 02:04 PM.
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  #895 (permalink)
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puma View Post
Hi bukkan, thanks for your post.

Sadly in my case it did not work. As my screenshot shows Ninja removed most objects from my monthly.
I show the log also. The Log says removed because older than 20 days.

So save you work with "Save Workspace" is not doing that every user would expect: SAVE your work.

In any case, why is the user not ask if Ninja wants to delete something ? (even sub daily )
What a joke in this regard is the LOCK feature - it has no impact.
What is a user supposed to think if he see "lock" this chart object ?


There is another (here unrelated )bug in Ninja, that causes "Save Workspace" not to save your charts. You need to close the workspace to save your work. One will realise this "feature" only if your Ninja crashed for some other reason. After the crash you will find that your earlier use of "Save Workspace" was useless - nothing was saved.

Puma, if it works for me (including lock) but not for you, then the issue must be something different. Maybe it is just a case of corrupt workspace. delete the said workspace from the <my documents>\NinjaTrader 7\workspace\ folder and try again.

crash, sadly is a crash. isnt it

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  #896 (permalink)
Trading Apprentice
Madrid, Spain
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES
 
Posts: 1 since May 2012
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Steer clear of Ninja Trader!

In my opinion, NinjaTrader 7 is just a piece of bullshit that can ruin all your money in a moment, and you even won't know about it. If you prefer discretionary trading anf manually enter the orders in the market, even in such a case this platform is horrible. But if you're writing strategies for automated trading, NT is a monster that hunts for your money.

Be advised and study on others' mistakes: don't ever use this crap!

You simply can't trust it cause every moment NT can hang itself and all your PC resources. I'm sick of NT, and I tried to use it in different ways for two years. After it, I've understood that this platform is nothing more than an attempt of professional trading community to impose upon retail traders this shit to deprive them of their money.

Any slight outage in price data feed is a death of your working strategy in NT, NT freezes, and your PC is likely not to respond. Kinetick data feed is an ad trick, it does not help to sustain the data feed. When NT loses the connection with your primary data feed provider, it also loses the connection with Kinetick. Strange? Eerie? Mystical?
The internet connection is redundant, I use a T1 line and an independent 1 Gb Equinix line, and with this two extremely reliable providers I face the simultaneous lost of connection to both data feed providers! Are you believing in fairy tales?

The consequences of this freezing may be tremendous: I once encountered continual placing the orders in the market in a cycle, whereas it should have placed only the definite number of contracts. Well, imagine you trade with 5 contracts, you go to have a smoke, you return and see that your strategy made a 50 contracts fill (5+5+5+5+... until margin limits), did not place any stop order and hung your PC so that only a hard reboot may help. You reboot your PC and face the deep and terrible drawdown. That's a real face of Ninja Trader!

That is not the worst thing with Ninja. NT 7 with automated strategies goes into a "not responding" state once a week, on the average.
So, my advice to anyone who think about NT: steer clear of it!!! Don't believe the nice ad in their website! NT 7 is a junk that must be got rid of in the traders' society.

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  #897 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
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const377 View Post
In my opinion, NinjaTrader 7 is just a piece of bullshit that can ruin all your money in a moment, and you even won't know about it. If you prefer discretionary trading anf manually enter the orders in the market, even in such a case this platform is horrible. But if you're writing strategies for automated trading, NT is a monster that hunts for your money.

Be advised and study on others' mistakes: don't ever use this crap!

You simply can't trust it cause every moment NT can hang itself and all your PC resources. I'm sick of NT, and I tried to use it in different ways for two years. After it, I've understood that this platform is nothing more than an attempt of professional trading community to impose upon retail traders this shit to deprive them of their money.

Any slight outage in price data feed is a death of your working strategy in NT, NT freezes, and your PC is likely not to respond. Kinetick data feed is an ad trick, it does not help to sustain the data feed. When NT loses the connection with your primary data feed provider, it also loses the connection with Kinetick. Strange? Eerie? Mystical?
The internet connection is redundant, I use a T1 line and an independent 1 Gb Equinix line, and with this two extremely reliable providers I face the simultaneous lost of connection to both data feed providers! Are you believing in fairy tales?

The consequences of this freezing may be tremendous: I once encountered continual placing the orders in the market in a cycle, whereas it should have placed only the definite number of contracts. Well, imagine you trade with 5 contracts, you go to have a smoke, you return and see that your strategy made a 50 contracts fill (5+5+5+5+... until margin limits), did not place any stop order and hung your PC so that only a hard reboot may help. You reboot your PC and face the deep and terrible drawdown. That's a real face of Ninja Trader!

That is not the worst thing with Ninja. NT 7 with automated strategies goes into a "not responding" state once a week, on the average.
So, my advice to anyone who think about NT: steer clear of it!!! Don't believe the nice ad in their website! NT 7 is a junk that must be got rid of in the traders' society.

I understand that you have lost a lot of money, I guess I know how that feels. You are now furious and try to blame NinjaTrader and take a revenge on the evil software. I will just answer a few points, I am a NinjaTrader user, not otherwise linked to them.

I use NinjaTrader also for automated strategies, and NinjaTrader 7 is not a resource hog, if indicators and strategies are properly coded. I have rarely experienced any crashes and if I am not coding, CPU and RAM utilization is modest. There are no freezes at all, unless I use poorly coded indicators or strategies. Cannot blame NinjaTrader for bad code.

Continuous placing of orders typically occurs, when the strategy has a bug. Especially when trading at a higher frequency, you need to make sure that the feedback on the execution of previous orders has been returned to NinjaTrader, otherwise you may experience double fills.

The only real issue that I can find is the problem of a connection loss. I have actually never experienced this, as I switch off NinjaTrader during the night. In the case of a connection loss, you need to make sure that you have some hard stops in place to protect your money.

I have personally used Kinetick data for a longer time, it has basically never been down. It is the same as DTN/IQ feed and is a very good feed.

NinjaTrader is certainly not perfect and not suited as a tool to execute high frequency trades, but it gives you reasonable value for money, if you know how to use it.

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  #898 (permalink)
Elite Member
Chicago Illinois USA
 
Futures Experience: Advanced
Platform: Ninja Trader
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Hi Fat Tails

I have never had an issue with ninja that was not user generated either, but I will keep this guys opinion in mind if I ever need something to blame.

Thanks for stepping in with a calm reasonable approach on this and other items as well. DB

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  #899 (permalink)
Elite Member
Indianapolis, IN USA
 
Futures Experience: Advanced
Platform: Ninjatrader TOS Custom
Broker/Data: Several
Favorite Futures: ES CL ZB
 
Posts: 370 since Dec 2009
Thanks: 218 given, 369 received

Disagree...


const377 View Post
In my opinion, NinjaTrader 7 is just a piece of bullshit that can ruin all your money in a moment, and you even won't know about it. If you prefer discretionary trading anf manually enter the orders in the market, even in such a case this platform is horrible. But if you're writing strategies for automated trading, NT is a monster that hunts for your money.

Be advised and study on others' mistakes: don't ever use this crap!

You simply can't trust it cause every moment NT can hang itself and all your PC resources. I'm sick of NT, and I tried to use it in different ways for two years. After it, I've understood that this platform is nothing more than an attempt of professional trading community to impose upon retail traders this shit to deprive them of their money.

Any slight outage in price data feed is a death of your working strategy in NT, NT freezes, and your PC is likely not to respond. Kinetick data feed is an ad trick, it does not help to sustain the data feed. When NT loses the connection with your primary data feed provider, it also loses the connection with Kinetick. Strange? Eerie? Mystical?
The internet connection is redundant, I use a T1 line and an independent 1 Gb Equinix line, and with this two extremely reliable providers I face the simultaneous lost of connection to both data feed providers! Are you believing in fairy tales?

The consequences of this freezing may be tremendous: I once encountered continual placing the orders in the market in a cycle, whereas it should have placed only the definite number of contracts. Well, imagine you trade with 5 contracts, you go to have a smoke, you return and see that your strategy made a 50 contracts fill (5+5+5+5+... until margin limits), did not place any stop order and hung your PC so that only a hard reboot may help. You reboot your PC and face the deep and terrible drawdown. That's a real face of Ninja Trader!

That is not the worst thing with Ninja. NT 7 with automated strategies goes into a "not responding" state once a week, on the average.
So, my advice to anyone who think about NT: steer clear of it!!! Don't believe the nice ad in their website! NT 7 is a junk that must be got rid of in the traders' society.

My least favorite kind of post. Driven by emotion and derogatory comments toward a product that I use, have used for a long time, and like very much. It's a public forum and I respect your right to voice opinions, both positive and negative. NinjaTrader isn't perfect. But rather than bashing it, find a better alternative and then come back and tell us what it is. In the meantime, while doing some due diligence, I suspect that you will find - as many others have - that despite its imperfections, NinjaTrader is a great platform. Good luck.

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  #900 (permalink)
Market Wizard
Bangkok
 
Futures Experience: Intermediate
Platform: MultiCharts.NET, S5, Ninj
Broker/Data: AMP, S5, IB
Favorite Futures: ES
 
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Posts: 2,668 since Nov 2010
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It has to be said that all platforms are 90% solutions (or less).

You'll never find one that has everything you need.

I like Ninja because you can extend the product but at the same time, this means you can break it.

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