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Ninja Trader or Sierra Charts


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Ninja Trader or Sierra Charts

  #41 (permalink)
 
josh's Avatar
 josh 
Georgia, US
Legendary Market Wizard
 
Experience: None
Platform: SC
Broker: Denali+Rithmic
Trading: ES, NQ, YM
Posts: 6,216 since Jan 2011
Thanks Given: 6,752
Thanks Received: 18,136


Silvester17 View Post
sure. how about your own complaint? VWAP SD bands incorrect - Sierra Chart fyi, in fat tails new version there's a significant improvement to calculate the bands. make sure you send that as well to sierra.

I contacted Fat Tails and asked his permission to contact Sierra about calculating the SD bands, because I saw his as superior, and he granted me permission to do so. The great thing is that Sierra actually fixed the problem, which is quite in contrast to other experiences I have had with NT, as cited earlier, as they choose to not fix problems in 3+ years time.


Silvester17 View Post
hmmm. the way you talk about this public forum makes me wonder why you spend so much time here. obviously it doesn't meet your standard. btw I've seen a few brokers that offer sierra for free as well.

You are putting words in my mouth, none of which are accurate. I said nothing negative about a forum and mentioned nothing about "standards." futures.io (formerly BMT) is the best forum online IMO, period, and I have said so many times. I will spell out the point yet again: NT is free for sim-only trading, hence, it is used by a lot of people and is popular. So, it should come as no surprise that it ranks as most popular on a public forum poll. futures.io (formerly BMT) users also voted Zen-Fire as the best data feed, ahead of CQG and IQFeed, and Rithmic did not make the list. How that happened I have no idea, but I will certainly not get Zen-Fire instead of Rithmic, just because it came first in a futures.io (formerly BMT) poll.

Some brokers (like Velocity) subsidize and offer package 3 for free, or package 5 at a discount. However, there are limitations in this versus a direct account, which is why I pay for a direct account. So, a broker will pay for it to some degree. But, in Ninja you don't have to have a broker, you can use it for free forever, which explains why so many people are using it.

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  #42 (permalink)
SteveC55374
Minneapolis
 
Posts: 16 since Jul 2012
Thanks Given: 153
Thanks Received: 9


josh View Post
In this thread I outlined why I switched from NT to SC. In the 9+ months since then, SC has made continued improvements, making an even stronger case. SC has as many new releases in 2 months (with more significant changes) as NT has in 2 years, literally, and they still manage to keep it faster and more stable.

SC has 10 levels of depth, a volume profile in the DOM, and order quantity buttons, which will be familiar to you coming from XTrader, none of which NT has. Also, NT has a minimum update time of 100ms, whereas Sierra's is more than 2X lower at 40ms, so if you use anything that is sensitive to quick updates (like prints in the DOM), then Sierra will be much faster because it indeed does update more often (besides the fact that it runs very lean, usually about 4x less memory usage per an equivalent charting setup than NT).

Try each, and see what you like best. Good luck!

Thanks Josh

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  #43 (permalink)
 supermht 
Naperville IL
 
Experience: Intermediate
Platform: ninjatrader
Broker: NT broker
Trading: NQ ES 6E GC CL
Posts: 962 since Feb 2010
Thanks Given: 1,189
Thanks Received: 661


I use NT and I like it, I don't understand people spend so much time to promote SC here, are you guys from SC?

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  #44 (permalink)
SteveC55374
Minneapolis
 
Posts: 16 since Jul 2012
Thanks Given: 153
Thanks Received: 9


Silvester17 View Post
@SteveC55374,

actually I don't qualify for your request since I never used sierra charts. but if you don't mind here are some more thoughts. just trying to keep it real after all those hype posts for sierra.

- I don't know a single feature I would like to have from sierra that I can't have with nt7. I admit most are build-in with sierra and 3rd party for nt7. but on the other hand, after seeing many sierra charts, I believe the nt7 custom indicators are more accurate. even though sierra is doing a good job copying nt-indicators (like @Fat Tails vwap) and convert those to sierra.

- also many users are complaining about crashes and who knows what issues with nt7. here I'm totally convinced it's not a nt but a user problem. a good example are badly coded indicators. I use and push nt7 a lot, but don't have any problems at all.

- here are some stats from the bmt community. looking at member and programmer of the year, 4 out of 5 are nt users. trading platform of the year is nt. I was surprised to see sierra in 3rd place, didn't think they would make it in the top 10.



of course in the end it's your call. but I would definitely test both platforms.

Thanks for the stats .. Helping to put things a little more in Focus

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  #45 (permalink)
 
cory's Avatar
 cory 
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
Posts: 6,098 since Jun 2009
Thanks Given: 877
Thanks Received: 8,090


supermht View Post
I use NT and I like it, I don't understand people spend so much time to promote SC here, are you guys from SC?


Quoting 
If your question/request has been answered and you do not have anything further, then it is easiest for us if you do not reply again to say thank you. -SC

so I doubt if anybody want to 'promote' SC rather they just relate their own experiences with SC.

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  #46 (permalink)
 
josh's Avatar
 josh 
Georgia, US
Legendary Market Wizard
 
Experience: None
Platform: SC
Broker: Denali+Rithmic
Trading: ES, NQ, YM
Posts: 6,216 since Jan 2011
Thanks Given: 6,752
Thanks Received: 18,136


supermht View Post
I use NT and I like it, I don't understand people spend so much time to promote SC here, are you guys from SC?

I was done with this thread but feel compelled to answer your question, as it sounds a bit like you may be questioning the ethics of those who are posting in favor of SC (as if we receive some benefit from relating our experiences with various products). To be clear: I have no interest in Sierra other than that I'm a user, and I pay full price just like everybody else. It is not SC's style to self-promote anyway (in fact, in contrast to many companies, I have never actually seen them advertise on forums although they might); it's a fantastic product, and their users tend to like it a lot and so when someone like the original poster of the thread asks for opinions, they are happy to relate their experience with the product.

It's kind of funny, I dug up this old post where I said this about 2.5 years ago:


josh View Post
Thanks Mike--I have tried SC and while I like it, I find the DOM too awkward for managing trades--it's just aesthetics mostly, but it does not "sing" to me. I was really on the verge of crossing over, but in the end it just didn't feel right.

In the next 18 months they made fantastic progress on the program as a whole and the DOM became better from when I first trialed it, so I made the switch. I thought SC's support staff was a bit rude at first and so I was hesitant to do business with them, but I am ultimately going to use the best product. So even if I did not like the support staff's directness, I respected the product and saw that it was clearly the work of professional software developers who prioritized speed, reliability, and somehow managed to keep it feature-rich, extremely customizable, while at the same time not sacrificing speed or stability.

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  #47 (permalink)
 
Jonson's Avatar
 Jonson 
Russia, St.Petersburg
 
Experience: Advanced
Platform: NinjaTrader, CQG Desktop
Broker: NinjaTrader/CQG
Trading: Futures
Posts: 247 since Jan 2011
Thanks Given: 218
Thanks Received: 118

hi
it all depends on what you need to trade, what indicators are and what they reveal
you should do a test in a normal session, the speed of the platform, convenience, etc.
my choice for today NT, as I understand the platform and it gives me pleasure in work, even despite the fact that sometimes I see excessive memory consumption

* If investing gets too difficult for a seventh grader to understand, the system is needlessly complex
* Markets produce an enormous volume of information, much of which is redundant
* In every game and con there's always an opponent, and there's always a victim. The trick is to know when you're the latter, so you can become the former
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  #48 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

I'd be a Sierra Charts spokesperson. I certainly know how to post.



But they'd have to give me a hat.

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  #49 (permalink)
 Guss   is a Vendor
 
Posts: 138 since Aug 2011
Thanks Given: 60
Thanks Received: 86

Can you use Mirus futures with Sierra charts? their website doesn't say that??
please confirm
Thanks

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  #50 (permalink)
 
josh's Avatar
 josh 
Georgia, US
Legendary Market Wizard
 
Experience: None
Platform: SC
Broker: Denali+Rithmic
Trading: ES, NQ, YM
Posts: 6,216 since Jan 2011
Thanks Given: 6,752
Thanks Received: 18,136



Guss View Post
Can you use Mirus futures with Sierra charts?

Yes, you can. @GaryD does just that.

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