Ninjatrader vs Multicharts ? - Platforms and Indicators | futures io social day trading
futures io futures trading


Ninjatrader vs Multicharts ?
Updated: Views / Replies:15,039 / 23
Created: by buylosellhi Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Ninjatrader vs Multicharts ?

  #11 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,652 since Mar 2010
Thanks: 4,226 given, 25,601 received
Forum Reputation: Legendary


Big Mike View Post
Actually the biggest difference in my opinion is the free version you cannot create custom studies, or import studies from friends or the forum, etc.

NinjaTrader free: you can do everything, but only on sim
MultiCharts free: you can trade live for free, but only with built-in indicators

Mike

I was not referring to the free version, but to the standard and the pro versions. For the free versions your statement brings it down to the point.

I prefer the NinjaTrader way, as it allowed me to gain control of the software, before going live. With MultiCharts I have to pay first, before I can do custom studies and strategies. No point having it for discretionary trading, if I cannot use any custom studies.

Reply With Quote
 
  #12 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,351 given, 83,221 received


Fat Tails View Post
I was not referring to the free version, but to the standard and the pro versions. For the free versions your statement brings it down to the point.

I prefer the NinjaTrader way, as it allowed me to gain control of the software, before going live. With MultiCharts I have to pay first, before I can do custom studies and strategies. No point having it for discretionary trading, if I cannot use any custom studies.

Gotcha. I always forget about that massively expensive "Pro" option, I think it is really only meant for institutions not retail traders.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #13 (permalink)
Elite Member
new york
 
Futures Experience: Beginner
Platform: Ninjatrader
Favorite Futures: ES
 
Posts: 41 since Dec 2010
Thanks: 1 given, 5 received


many thanks for the replies. I had been running mulit-timeframe scripts in my charts and thats definitely slowing them down. the scripts themselves are fairly straightforward - like MACD etc. but in volatile markets my charts can move very fast as they are price based charts and then I can visually see NT7 getting slowed down. Now I'm running all of my scripts on CalculateOnBarClose = True mode.

I can also visually notice lags in the price moves in my TT-Xtrader DOM vs NT7 DOM.

Is there a general consensus on what the best feed is for Multicharts ? I have Bloomberg but I never thought of it as the most cutting edge technology for fast data feeds.

thanks again for all your feedback

Reply With Quote
 
  #14 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,351 given, 83,221 received

I use and recommend IQFeed with MultiCharts. As an Elite Member there is also a $50 off coupon in the elite section. I've never used Bloomberg as I don't want to spend $3,000 a month on a data feed

https://futures.io/elite_partner.php

If you use NinjaTrader and only Ninja, then you can use Kinetick which is IQFeed data re-branded and less expensive for use solely with NinjaTrader.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #15 (permalink)
Trading Apprentice
Princeton, New Jersey, USA
 
Futures Experience: Intermediate
Platform: Tradestation, InfinityAT
Favorite Futures: ES
 
Posts: 24 since Nov 2010
Thanks: 14 given, 9 received

I tried several platforms more or less simultaneously, and just naturally began to gravitate towards the one I prefer which is NinjaTrader. I am a discretionary trader and run a couple of tick based charts, but don't use a lot of indicators.

It could be that it is because I have an older computer, but when I tested IQFeed with NinjaTrader and Multicharts DT, it was easy to see that NinjaTrader charts were faster. At any rate, I did not see any delays or glitches.

NinjaTrader had drawing tools that Multicharts lacked (such as arrow line, and writing paragraphs of text on charts). I liked their data manager. I can download historical data without bringing up charts.

I also like their documentation. Very easy to understand. Their replay feature is the most realistic and I use it to practice a lot.

There are also some extras associated with using NinjaTrader. If you have Zen-Fire based account, you have a historical tick backfill going back a year. And now they record CQG as well for those who have account with AMP. Even if you don't pay for Kinetick, you get free end-of day data.

Multicharts is not a bad program, but NinjaTrader is the one that meets my needs, and I see no reason to change.

Reply With Quote
 
  #16 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,351 given, 83,221 received

I agree, MultiCharts is lagging way behind on drawing tools. I've asked, begged, etc but they've not made them easier to use (such as a hotkey). I believe I last asked Stan about this a few weeks ago during a webinar, and he promised an improvement for the 7.1 release, which I believe is due in December.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #17 (permalink)
Membership Permanently Revoked
 
Futures Experience: Intermediate
 
Posts: 1,176 since Nov 2009
Thanks: 221 given, 844 received


Big Mike View Post
I've never used Bloomberg as I don't want to spend $3,000 a month on a data feed

first, bloomberg is much more than just a data feed, it starts at $1800 for the terminal and it goes up from there... the value is not on the feed, but on the analytics and intelligence it provides... second, if the tool aids you on making $100K+ a month, $3K is a drop in the bucket ... but I guess it all comes down to the type of trader, the account size, and what one is trading.

for readers out there who might be discouraged by thinking BLP is not worth while, please note that BLP and Reuters are professional level platforms and tools that most retail investors dont have a clue how to use or take advantage of due to lack of capital or lack of sophistication...

as to the question of NT7 vs. MC7... they are both the same at this point in time... NT7 has an advantage given it was free for a lot longer and as such it has a greater community (futures.io (formerly BMT) as an example is 90%+ made of NT7 people) than MC7... but MC7 inherited a lot from the TRAD EL community... I own both licenses, so not bias towards one or the other... and I use none btw... I watch to see what TSS will do now that TRAD has awaken from their slumber, bought the best WFO tool in the market for EL and has stated adding features that MC has had for a while... I am sure they will eventually surpass it...

anyhow, with both free now.. it is a coin toss... and whatever makes your fancy..

Reply With Quote
The following 2 users say Thank You to sysot1t for this post:
 
  #18 (permalink)
Membership Revoked
Oslo, Norway
 
Futures Experience: Advanced
Platform: CQG, Excel
Favorite Futures: CL
 
Lornz's Avatar
 
Posts: 1,198 since Apr 2010
Thanks: 500 given, 1,235 received


buylosellhi View Post
many thanks for the replies. I had been running mulit-timeframe scripts in my charts and thats definitely slowing them down. the scripts themselves are fairly straightforward - like MACD etc. but in volatile markets my charts can move very fast as they are price based charts and then I can visually see NT7 getting slowed down. Now I'm running all of my scripts on CalculateOnBarClose = True mode.

I can also visually notice lags in the price moves in my TT-Xtrader DOM vs NT7 DOM.

Is there a general consensus on what the best feed is for Multicharts ? I have Bloomberg but I never thought of it as the most cutting edge technology for fast data feeds.

thanks again for all your feedback

If you have money for a Bloomberg Terminal, why are you asking about NT and MC?

Why not use Updata or Aspen Graphics with your BT instead? You can also connect your Bloomberg to MATLAB, e.g.

Regarding the speed of BB's data feeds; B-Pipe looks pretty fast to me...

If you want a different charting platform, get CQG IC. None of the other retail platforms can compete, except on price, of course.

Reply With Quote
 
  #19 (permalink)
Elite Member
AKL
 
Futures Experience: Intermediate
Platform: MultiCharts
Broker/Data: IQ Feed
Favorite Futures: Currency Futures
 
Posts: 17 since Apr 2011
Thanks: 4 given, 9 received

Experienced data lag on Ninja 7 with IQFeed. Was running 9 charts with minimal indicators. Missed the charting style of TradeStation and the way the workspaces run as a tab, so switched to Multicharts. Running IQFeed and no problems so far.

Reply With Quote
 
  #20 (permalink)
Trading Apprentice
grandiose
 
Futures Experience: Intermediate
Platform: Multicharts
 
Posts: 34 since Aug 2010
Thanks: 5 given, 6 received


I trade FX automated on IB and noticed I cannot trust NT's backtest results at all.
Multicharts much better in this regard since it is possible to backtest on BID/ASK without doing lots of code-gymnastics.


Otherwise not big difference, both have their minor + and -.

Reply With Quote

Reply



futures io > > > Ninjatrader vs Multicharts ?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
VIDEO: MultiCharts vs. NinjaTrader strategy backtesting and optimization Big Mike MultiCharts 53 June 12th, 2016 02:34 PM
Just starting out. Automated Trading: MultiCharts or Ninjatrader AngryNJ MultiCharts 10 November 25th, 2015 08:10 AM
MultiCharts Webinar: Peter Campbell - Systematic Trading with MultiCharts MultiCharts MultiCharts 25 August 31st, 2015 09:32 PM
NinjaTrader or Multicharts tom1 MultiCharts 113 October 7th, 2013 06:28 AM
Problem with Order Overfills with NinjaTrader. What about Multicharts? lawtan MultiCharts 7 October 5th, 2010 08:33 AM


All times are GMT -4. The time now is 11:11 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-13 in 0.15 seconds with 19 queries on phoenix via your IP 54.227.51.103