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, itīs simple the onliest platform if you want full control via programmed functions over manual placed orders.
The following user says Thank You to bstrader for this 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.