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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...
(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.
(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.
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.
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.
I am looking for inexpensive solution just to test basic trading ideas for the FX market. I don’t need the platform for trading but I’d also like to do my analysis on this platform which is currently working well with Metatrader.
As …
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.
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).
Nothing has as many broker feeds, and users from around the world that use every bit of functionality over and over and over again...
