Ninjatrader vs Multicharts ? - futures io
futures io futures trading



Ninjatrader vs Multicharts ?


Discussion in Platforms and Indicators

Updated by Wil70
      Top Posters
    1. looks_one Big Mike with 7 posts (5 thanks)
    2. looks_two buylosellhi with 3 posts (0 thanks)
    3. looks_3 Fat Tails with 2 posts (1 thanks)
    4. looks_4 RJay with 1 posts (11 thanks)
      Best Posters
    1. looks_one RJay with 11.0 thanks per post
    2. looks_two sysot1t with 2.0 thanks per post
    3. looks_3 Big Mike with 0.7 thanks per post
    4. looks_4 Fat Tails with 0.5 thanks per post
    1. trending_up 16,814 views
    2. thumb_up 20 thanks given
    3. group 14 followers
    1. forum 24 replies
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
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

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

 
Search this Thread
 

Ninjatrader vs Multicharts ?

(login for full post details)
  #1 (permalink)
new york
 
Experience: None
Platform: SierraChart
 
Posts: 63 since Dec 2010
Thanks: 1 given, 32 received

hi,

I moved to NT from Tradestation as TS technology seems outdated - no chart trading and to do something in a multitimeseries framework you have to perform lots of coding gymnastics, with GV or ADE etc. I use scripts that use multi-series logic so NT7 seemed to be a great choice as its very simple to achieve the same. but I've realized, especially going through some volatile markets like Silver and Crude in the last few months that NT7 is slow and has a lot of latency.

I dont know if its my connection to live feed (I use Kinetick) or something else. My broker has lower latency than Kinetick so I'm using Kinetick as a secondary feed now but I wonder if all this is making NT slow ?

I dont have any experience with Multicharts but have heard and read good things about it. Its pretty expensive at almost $10k so I'd love to hear other people's experiences before considering buying it.

I'd appreciate if you could please share your experiences with data feed latency in NT7 and/or Multicharts. For those who are more knowledgeable about this - does Multicharts have a better architecture for faster performance etc ?

Thanks much in advance for your thoughts...

Reply With Quote

Can you help answer these questions
from other members on futures io?
Time & Sales Filter Size ES/NQ
The Elite Circle
GBP/ARS Pair
Traders Hideout
Need a near crosses scan help for TOS
ThinkOrSwim
T​​​​​​radestation datafeed (real time and historical) to NT8
NinjaTrader
Horizontal Line Indicator
Platforms and Indicators
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Legal question and need desperate help
85 thanks
Building a high-performance data system
14 thanks
TopstepTrader's Michael Patak (Founder) - Ask Me Anything (AMA)
11 thanks
New Computer Build
11 thanks
Risk reward question
11 thanks
 
(login for full post details)
  #3 (permalink)
Market Wizard
Berlin, Europe
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,838 since Mar 2010
Thanks: 4,238 given, 26,580 received


If Ninjatrader is slow, you are

-> either having problems with your data feed, data connection
-> or using a workspace with super indicators set to CalculateOnBarClose = false

NinjaTrader allows you to do a lot of things. If you do all of those things, it will be extremely slow.

As to Multicharts, my impression is that it is less resource hungry than NinjaTrader, as it has a simpler architecture. It will not cost you 10k, but the

- the discretionary version is free
- the lifetime license is $ 1497 without a discount

The expensive Pro Version is not much different from the standard version, main differences are the ability to do portfolio testing on up to 500 instruments (instead of 100), a connection to Bloomberg data feed and prime support. If you do not need those three features, you will be fine with the standard version for $ 1497.

Reply With Quote
The following user says Thank You to Fat Tails for this post:
 
(login for full post details)
  #4 (permalink)
Germany
 
Experience: Beginner
Platform: MultiCharts, NinjaTrader
Broker: IB/IQFeed
Trading: NQ, YM
 
Posts: 81 since Jun 2009
Thanks: 113 given, 63 received

I do have a lifetime license for MultiCharts and NinjaTrader. And, fwiw, atrader and AmiBroker as well. IMHO MultiCharts is the best on average. I am using IQFeed and have had latencies with all of the programs. That unfortunately just seems to be the ways it currently is with those retail programs. Luckily it happens not too often with MultiCharts...
And btw, the price you are mentioning is the "PRO" version which you would only need if you have a Bloomberg feed the regular version is $1497 IIRC...

Reply With Quote
 
(login for full post details)
  #5 (permalink)
Hartford, CT. USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP/CQG, Kinetick
Trading: RTY
 
RJay's Avatar
 
Posts: 686 since Jun 2009
Thanks: 746 given, 775 received


buylosellhi View Post
hi,

I moved to NT from Tradestation as TS technology seems outdated - no chart trading and to do something in a multitimeseries framework you have to perform lots of coding gymnastics, with GV or ADE etc. I use scripts that use multi-series logic so NT7 seemed to be a great choice as its very simple to achieve the same. but I've realized, especially going through some volatile markets like Silver and Crude in the last few months that NT7 is slow and has a lot of latency.

I dont know if its my connection to live feed (I use Kinetick) or something else. My broker has lower latency than Kinetick so I'm using Kinetick as a secondary feed now but I wonder if all this is making NT slow ?

I don't have any experience with Multicharts but have heard and read good things about it. Its pretty expensive at almost $10k so I'd love to hear other people's experiences before considering buying it.

I'd appreciate if you could please share your experiences with data feed latency in NT7 and/or Multicharts. For those who are more knowledgeable about this - does Multicharts have a better architecture for faster performance etc ?

Thanks much in advance for your thoughts...

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

Reply With Quote
The following 11 users say Thank You to RJay for this post:
 
(login for full post details)
  #6 (permalink)
Site Administrator
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
Big Mike's Avatar
 
Posts: 49,015 since Jun 2009
Thanks: 31,644 given, 94,837 received

 
Thread Moved


Moved to Platforms



When creating a new thread, note which subforum you are in. Here is a short list of suggestions:

- Topic: Anything to do with an Elite indicator -> Subforum: The Elite Circle
- Topic: Looking for an existing indicator, or how-to use an indicator -> Subforum: (the platform)
- Topic: Programmer needing help with non-Elite indicator -> Subforum: (the platform) - Programming
- Topic: Want an indicator created/modified -> Reply to "Want indicator created free" in Elite Circle
- Topic: Vendors (trading rooms, commercial indicators) -> Subforum: Vendors/Product Reviews
- Topic: Discussion of Forex or Currency trading -> Subforum: Forex and Currency Trading
- Topic: Journals of your trading -> Subforum: Trading Journals or Elite Trading Journals
- Topic: General trading related discussions -> Subforum: Traders Hideout
- Topic: Discussion of a trading method -> Subforum: Traders Hideout
- Topic: Automated Trading -> Subforum: Elite Automated Trading

Last, any Elite Member may create more or less any of these topics in The Elite Circle at your own discretion (your support is appreciated).

This is just a short general list and doesn't cover everything. If you are unsure where to create your new thread, just create it in Traders Hideout and a moderator will move it if necessary.

-- Big Mike Trading


We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/
Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #7 (permalink)
Site Administrator
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
Big Mike's Avatar
 
Posts: 49,015 since Jun 2009
Thanks: 31,644 given, 94,837 received


buylosellhi View Post
hi,

I moved to NT from Tradestation as TS technology seems outdated - no chart trading and to do something in a multitimeseries framework you have to perform lots of coding gymnastics, with GV or ADE etc. I use scripts that use multi-series logic so NT7 seemed to be a great choice as its very simple to achieve the same. but I've realized, especially going through some volatile markets like Silver and Crude in the last few months that NT7 is slow and has a lot of latency.

I dont know if its my connection to live feed (I use Kinetick) or something else. My broker has lower latency than Kinetick so I'm using Kinetick as a secondary feed now but I wonder if all this is making NT slow ?

I dont have any experience with Multicharts but have heard and read good things about it. Its pretty expensive at almost $10k so I'd love to hear other people's experiences before considering buying it.

I'd appreciate if you could please share your experiences with data feed latency in NT7 and/or Multicharts. For those who are more knowledgeable about this - does Multicharts have a better architecture for faster performance etc ?

Thanks much in advance for your thoughts...

1. NinjaTrader is single threaded for charting. This means if you have a lot of charts, especially with indicators on them, then the charts can become slow. There is no magic formula for determining how/when/where, it is very dependent on what indicators you use, how many charts, how slow/fast your computer is, etc.

2. MultiCharts is multi-threaded for charting. This means each chart has its own thread. In modern CPU's, you have 4 or more cores, so if you are running 4 charts or more, then MultiCharts could be 4x faster, or more, simply because of the architecture.

Again, it will greatly depend on the indicators you are using and the number of charts. If you use relatively simple and well programmed indicators, you are unlikely to see a difference. If you use a bunch of indicators, especially ones calculating on each tick, or have a bunch of charts, then yes you will see a difference.

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/
Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to Big Mike for this post:
 
(login for full post details)
  #8 (permalink)
Site Administrator
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
Big Mike's Avatar
 
Posts: 49,015 since Jun 2009
Thanks: 31,644 given, 94,837 received


Fat Tails View Post
The expensive Pro Version ins not much different from the standard version

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

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/
Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #9 (permalink)
Site Administrator
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
Big Mike's Avatar
 
Posts: 49,015 since Jun 2009
Thanks: 31,644 given, 94,837 received

Ray (CEO NinjaTrader) will be here October 4th doing a webinar. I am sure he will cover a lot of advanced technical questions, since that is the purpose of this webinar. NinjaTrader 8 might come uptalking about "what is (planned) to come".

You may want to check it out.

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/
Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to Big Mike for this post:
 
(login for full post details)
  #10 (permalink)
Calcutta, India
 
Experience: Intermediate
Platform: ArthaChitra
 
Posts: 278 since Jun 2009
Thanks: 161 given, 268 received


if one has a flair towards programming nothing compares to NT (NinjaScript).

Reply With Quote
The following user says Thank You to bukkan for this post:


futures io Trading Community Platforms and Indicators > Ninjatrader vs Multicharts ?


August 1, 2020


Upcoming Webinars and Events
 

Getting Comfortable with Price Action Patterns w/Earn2Trade

Aug 4
 

Live Video Panel: Ask Me Anything w/Ironbeam Brokerage

Aug 6
     



Copyright © 2020 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