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Which platform is a better LONG-TERM choice: Ninja Trader or MultiCharts ?


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Which platform is a better LONG-TERM choice: Ninja Trader or MultiCharts ?

  #21 (permalink)
 bstrader 
Limburg
 
Experience: Intermediate
Platform: Only SierraChart
Posts: 30 since May 2010
Thanks Given: 24
Thanks Received: 6

tried discretionary trading with ninjatrader and multicharts. changed to system development with multicharts. then came to sierrachart. best choose for manual and automatic trading, even semiautomated trading. for semiautomated trading, it´s simple the onliest platform if you want full control via programmed functions over manual placed orders.

best regards,

bs.trader

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  #22 (permalink)
 jta3 
Copenhagen, Denmark
 
Experience: Advanced
Platform: Fib Fib and Fib.!
Trading: Setup
Posts: 300 since May 2011
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The best question I have been asked from one of the wall street guys.

1. What do you want.?
2. What is it about me they're keeping me from doing what I want.?

In principle it's that simple. But it's your brains frekvens there have to get in tune, not the platform..

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  #23 (permalink)
 Itchymoku 
Philadelphia
 
Experience: None
Platform: corded black telephone
Trading: ticker tape
Posts: 2,894 since Apr 2012
Thanks Given: 1,683
Thanks Received: 3,681



Itchymoku View Post
SierraChart


Edit: SierraChart because you get the most bang for your buck that you'd pay monthly. There are far more indicators and options upfront with SC compared to NT. NT is nice if you don't use indicators and you just want something easy that looks nice. SC does lack a certain amount of aesthetic appeal especially before you learn to completely optimize it but it makes up for that in functionality.

I will also note that NT does have the best replay simulator especially combined with Ninjatrader Market Replay - Home, SC/MC replay is pretty finicky.

Either way, DEMO all of the platforms if you want to take this job professionally.

R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
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  #24 (permalink)
 
andby's Avatar
 andby 
Norwich, UK
 
Experience: Intermediate
Platform: Multiple:research&executi
Broker: Started with Stage5/OEC ... multiple
Trading: Anything found profitable goes ...
Posts: 167 since Jul 2012
Thanks Given: 88
Thanks Received: 88


Itchymoku View Post
Edit: SierraChart because you get the most bang for your buck that you'd pay monthly. There are far more indicators and options upfront with SC compared to NT. NT is nice if you don't use indicators and you just want something easy that looks nice. SC does lack a certain amount of aesthetic appeal especially before you learn to completely optimize it but it makes up for that in functionality.

I will also note that NT does have the best replay simulator especially combined with Ninjatrader Market Replay - Home, SC/MC replay is pretty finicky.

Either way, DEMO all of the platforms if you want to take this job professionally.

Several points ...
I find NT's market replay a bit lacking from following aspects:

- You're limited to the speed / type of replay. You cannot replay "bar-by-bar" (something MC has and works beautifully for someone that wants to move forward bar-by-bar).

- It doesn't jump over empty periods. You find yourself waiting long to get past holidays/weekends. You may ramp-up the speed, of course (but up to x500) which would just rapidly fast forward through a good chunk of your "Monday" data. Very, very, very poor design.
For me, it's a bit useless and unusable. Should I also mention the "day-by-day" historical data download? How hard would it have been to enable range-selection for replay-data ... I guess very, very, very hard since they did not do it in the last decade.

- MC's replay has "global synchronization" which means, your "secondary"/other charts can be synched and replayed with your main replayed one. I actually find MC's playback one of the best - except integration with their Volume Profile, which does not work in Replay mode.

- SC's replay seems to be the best - they have history data built-in, global chart synchronization in playback (which works most of the time, but ... hey ...) and do offer bar-by-bar replay ... best overall replay out there.

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Last Updated on October 12, 2015


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