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Ninjatrader vs Multicharts ?
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Ninjatrader vs Multicharts ?

  #1 (permalink)
Elite Member
new york
 
Futures Experience: Beginner
Platform: Ninjatrader
Favorite Futures: ES
 
Posts: 41 since Dec 2010
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Ninjatrader vs Multicharts ?

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I moved to NT from Tradestation as TS technology seems outdated - no chart trading and to do something in a multitimeseries framework you have to perform lots of coding gymnastics, with GV or ADE etc.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...

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  #2 (permalink)
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  #3 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
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Fat Tails's Avatar
 
Posts: 9,653 since Mar 2010
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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.


Last edited by Fat Tails; September 25th, 2011 at 02:08 PM.
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  #4 (permalink)
Elite Member
Germany
 
Futures Experience: Beginner
Platform: MultiCharts, NinjaTrader
Broker/Data: IB/IQFeed
Favorite Futures: NQ, YM
 
Posts: 79 since Jun 2009
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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...

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  #5 (permalink)
 Vendor: www.innovative-trading-solutions-online.com 
Hartford, CT. USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: AMP/CQG, Kinetick
Favorite Futures: TF
 
RJay's Avatar
 
Posts: 677 since Jun 2009
Thanks: 726 given, 740 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

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  #6 (permalink)
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  #7 (permalink)
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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

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.

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  #8 (permalink)
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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

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
 
  #9 (permalink)
Site Administrator
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Posts: 46,240 since Jun 2009
Thanks: 29,354 given, 83,237 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

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.


Last edited by Big Mike; September 26th, 2011 at 07:48 PM.
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  #10 (permalink)
Elite Member
Calcutta, India
 
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if one has a flair towards programming nothing compares to NT (NinjaScript).

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