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Ninjatrader vs Multicharts ?


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Ninjatrader vs Multicharts ?

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  #21 (permalink)
Leipzig / Germany
 
Experience: Intermediate
Platform: NT / TS, MC and Clones
Broker: Interactive Broker
Trading: Futures, Forex
 
Posts: 26 since Aug 2009
Thanks: 35 given, 34 received

At First: What a nice Thread
- Here are my 2cent!

Before I start working with NT i use a german "Clone" of TradeStation (called TradeSignal), wich also used EasyLanguage for Programming. I love this Language. It is very easy because it is quite familar to the common Language Pascal, i also hate it, because of there Limitations (for example the Order-Handling - if only a Part of your Order was filled). I have no Idea how this work in MC, but you can do this in NT.
On the other Hand NT-C# is very complex - even for very easy Strategies.

Unfortunaly this "TradeSignal"-Platform have a bad Service and the ProgrammingEngine was buggy. Service (and also Books and Tutorials) and continuent improvements of the Software was also an important Point for me.

In TradeStation and MC you have very comprehensive options for BackTesting - this is a hard disadvantage in NT.

Last Point: For TradeStation (and Clones ...) you have various fully working Strategies - with Risk-, Money- and Portfolio-Management, Stop-Handling and so on. But not only one(!) for NinjaTrader. NT himself (and also futures.io (formerly BMT)) provide a large Range of more or less usefull Indicators, but surprisingly only a few rudimental Strategies.

In my opinion the Last Point was one of the biggest disadvantages of the NinjaTrader-Company.

[EDIT] Oh I forgott: I am realy thinking about switching to MultiChart seriously...

Regards
Trendseek

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  #22 (permalink)
new york
 
Experience: None
Platform: SierraChart
 
Posts: 63 since Dec 2010
Thanks: 1 given, 32 received

thanks for the replies. it gives me a good general idea of the various opinions. I have been trying out Multicharts for a week now, and as mentioned earlier in the thread, its a modified version of Tradestation. and it seems to me that besides multithreading, there arent any clear and obvious benefits for moving away from NT, besides personal preferences for programming paradigm. I've gotten somewhat accustomed to NT programming, although my skill level is fairly basic. will prob stick with NT for now...

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  #23 (permalink)
Portugal, Viana do Castelo
 
Experience: Intermediate
Platform: ninjatrader
Trading: 6e
 
Posts: 343 since Sep 2011



RJay View Post
Hi buylosellhi,

There are a couple things you can do to try to speed up NinjaTrader.

First if you are using global crosshairs, Try switching to just regular cross hair. This really cuts down on cpu usage and screen flickering issues.

Second, if you are waiting up to a couple of minutes for NinjaTrader when you refresh you charts, switch from historical loading of data from days back to Bars back. This worked really well for me to decrease load times.

These two changes helped another member here reduce their chart refresh rate from 5 to 7 minutes down to 12 to 15 seconds.

Also, deleting expired instruments does not automatically removed their stored historical data. This data must be removed manually. Select Tools - Historic Data Manager - Edit. You will see a current listing of downloaded historic data.

Get rid of all unwanted data by selecting each item, then right clicking and selecting delete. When you have removed all unwanted data, select Tools - Options - Data - Repair DB.

This also reduces backup times from minutes to seconds.

RJay


Hello,

Where can I change this:
Second, if you are waiting up to a couple of minutes for NinjaTrader when you refresh you charts, switch from historical loading of data from days back to Bars back. This worked really well for me to decrease load times.

Thanks,

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  #24 (permalink)
Providence, RI
 
 
Posts: 1 since Aug 2013
Thanks: 0 given, 0 received

I am brand new to Day Trading. I am a mortgage Broker who needs to supplement my income. Can anyone give me the best advice on how to get started. Is there an Idiots for Day Trading?

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  #25 (permalink)
SF (CA/USA)
 
Experience: Beginner
Platform: NT / Proprietary
Broker: IB / may be Kinetic
Trading: ES, CL, NQ, YM, 6E
 
Posts: 29 since Nov 2015
Thanks: 166 given, 8 received

Hello,

I know this is an old thread, and many of you have both lifetime licenses for NT8 and MC12 or Sierra Chart.

Looking back, which one do you prefer?
- Charting
- Discretionary trading
- Automated Strategy trading
- Back-testing/optimization/walk forward
- Can both handle fast strategies? like holding position for 1 or 2 minutes?
- Reporting on your strategy
- Portfolio testing and trading
- Overall

Thanks!

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