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MultiCharts vs. NinjaTrader
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Created: by el oso Attachments:2

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MultiCharts vs. NinjaTrader

  #11 (permalink)
Elite Member
Jersey City, NJ, USA
 
Futures Experience: Intermediate
Platform: MultiCharts, IB
Favorite Futures: ES
 
Posts: 4 since May 2015
Thanks: 1 given, 1 received

Thank you everyone for the responses, really helpful to get some recent data points. Does anyone know ballpark how many users MC has? NT says they have 40,000 traders using their platform, which sounds strangely low considering their active community. Also, is NT's software stability still an issue in the latest version? UmBillyCord, you mentioned the application freezing - how often does that happen?

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  #12 (permalink)
Elite Member
Denver, CO
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: NinjaTrader Brokerage
Favorite Futures: ES
 
NinjaTrader's Avatar
 
Posts: 1,260 since May 2010
Thanks: 153 given, 1,890 received


el oso View Post
Also, is NT's software stability still an issue in the latest version?

NinjaTrader is stable. That being said, it is a very well known fact that poorly coded scripts can affect NinjaTrader performance. This is because our product provides native run time of C# scripts which gives our users the highest level performance when compared to competitive products. The downside is what was stated before, a bad script can have adverse impact. We decided long ago that the "juice was worth the squeeze".

Independent of bad scripts, if NinjaTrader had performance issues I am quite sure we would not be widely used.

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  #13 (permalink)
Elite Member
Cary, NC
 
Futures Experience: Advanced
Platform: MC, NT, Python, R
Broker/Data: FXCM, IB, Oanda, IQFeed
Favorite Futures: 6E, CL, EUR/USD
 
Fu510n's Avatar
 
Posts: 96 since Oct 2009
Thanks: 729 given, 81 received



el oso View Post
I have intermediate trading experience, but am not an expert programmer, so I was drawn to MC because of the simpler syntax of EL/PL vs. NinjaScript.

I've been programming for 30+ years and have been using MC over NT for the past 5 years as I found it easier/faster to implement strategies rather than spend time with OO "overhead". I converted quite a few NT indicators & strategies to EL and the amount of code required was generally about a third of the original so there's that as well. Community-wise, futures.io (formerly BMT) is definitely NT-centric which is fine - I've pretty much "graduated" at this point anyway having read most of what I've found pertinent to the way I trade though something new and shiny shows up from time to time (e.g. machine learning) that will pique my interest .

As for MC customer service, I've probably used it (online chat) 7 or 8 times and they've always been courteous, professional and immensely helpful. The platform isn't perfect - no platform is. I too would love if there were "ruler" support, better multi-core/multi-threaded backtesting support, built-in debugger (NT has a definite edge there being able to leverage Visual Studio), etc. but am still quite happy I went with the lifetime MC license thus far (especially now that it also supports Oanda).

My .02,
-Guy


Last edited by Fu510n; July 30th, 2015 at 10:50 AM. Reason: typo
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  #14 (permalink)
Elite Member
Chicago, IL
 
Futures Experience: None
Platform: NT8,NT7,TWS,FOREX.COM app
Broker/Data: InteractiveBrokers, NinjaTrader Brokerage FOREX.COM, IQFeed
Favorite Futures: The one I'm creating in the present....ES, ZF, ZN, ZB, FX pairs
 
Blash's Avatar
 
Posts: 1,560 since Nov 2011
Thanks: 4,527 given, 2,340 received
Forum Reputation: Legendary


NinjaTrader View Post
NinjaTrader is stable. That being said, it is a very well known fact that poorly coded scripts can affect NinjaTrader performance. This is because our product provides native run time of C# scripts which gives our users the highest level performance when compared to competitive products. The downside is what was stated before, a bad script can have adverse impact. We decided long ago that the "juice was worth the squeeze".

Independent of bad scripts, if NinjaTrader had performance issues I am quite sure we would not be widely used.

In one sense you can think of it like this..... NinjaTrader is like Nikon..... MultiCharts like Canon...... NinjaTrader is like a Windows base machine.....MultiCharts is like a Apple base machine......IMHO

MultiCharts can be thought of as Metastocks big bother in my view....Ninjatrader like Formula 1 race car....MultiCharts like a Corvette or Maserati etc

It is an axiomatic fact that while you meditate you are speaking with your own spirit. In that state of mind you put certain questions to your spirit and the spirit answers: the light breaks forth and the reality is revealed.
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
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  #15 (permalink)
Membership Temporarily Revoked
Zurich/Switzerland
 
Futures Experience: Advanced
Platform: -
Favorite Futures: -
 
Posts: 79 since Oct 2014
Thanks: 0 given, 33 received


Blash View Post
In one sense you can think of it like this..... NinjaTrader is like Nikon..... MultiCharts like Canon...... NinjaTrader is like a Windows base machine.....MultiCharts is like a Apple base machine......IMHO

MultiCharts can be thought of as Metastocks big bother in my view....Ninjatrader like Formula 1 race car....MultiCharts like a Corvette or Maserati etc


*lol*

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  #16 (permalink)
Elite Member
Chicago, IL
 
Futures Experience: None
Platform: NT8,NT7,TWS,FOREX.COM app
Broker/Data: InteractiveBrokers, NinjaTrader Brokerage FOREX.COM, IQFeed
Favorite Futures: The one I'm creating in the present....ES, ZF, ZN, ZB, FX pairs
 
Blash's Avatar
 
Posts: 1,560 since Nov 2011
Thanks: 4,527 given, 2,340 received
Forum Reputation: Legendary


prouser View Post
*lol*

Formula 1 cars can drive on the ceiling.....................lol................(downdraft)

It is an axiomatic fact that while you meditate you are speaking with your own spirit. In that state of mind you put certain questions to your spirit and the spirit answers: the light breaks forth and the reality is revealed.
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
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  #17 (permalink)
Elite Member
Colorado
 
Futures Experience: Advanced
Platform: MultiCharts
Broker/Data: IB & Iqfeed
Favorite Futures: ES , CL
 
sptrader's Avatar
 
Posts: 533 since Apr 2010
Thanks: 1,080 given, 668 received

I think it's more like Multicharts is for traders that want to trade, not spend years learning to be a programmer, Ninja is for programmers that enjoy trading...

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  #18 (permalink)
Elite Member
Chicago, IL
 
Futures Experience: None
Platform: NT8,NT7,TWS,FOREX.COM app
Broker/Data: InteractiveBrokers, NinjaTrader Brokerage FOREX.COM, IQFeed
Favorite Futures: The one I'm creating in the present....ES, ZF, ZN, ZB, FX pairs
 
Blash's Avatar
 
Posts: 1,560 since Nov 2011
Thanks: 4,527 given, 2,340 received
Forum Reputation: Legendary


sptrader View Post
I think it's more like Multicharts is for traders that want to trade, not spend years learning to be a programmer, Ninja is for programmers that enjoy trading...


I wish I was a programmer.... Just a hack.....


Sent from my iPhone using Tapatalk

It is an axiomatic fact that while you meditate you are speaking with your own spirit. In that state of mind you put certain questions to your spirit and the spirit answers: the light breaks forth and the reality is revealed.
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
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The following user says Thank You to Blash for this post:
 
  #19 (permalink)
Elite Member
Chicago, IL
 
Futures Experience: None
Platform: NT8,NT7,TWS,FOREX.COM app
Broker/Data: InteractiveBrokers, NinjaTrader Brokerage FOREX.COM, IQFeed
Favorite Futures: The one I'm creating in the present....ES, ZF, ZN, ZB, FX pairs
 
Blash's Avatar
 
Posts: 1,560 since Nov 2011
Thanks: 4,527 given, 2,340 received
Forum Reputation: Legendary

Does MultiCharts have time and sales yet?


Sent from my iPhone using Tapatalk

It is an axiomatic fact that while you meditate you are speaking with your own spirit. In that state of mind you put certain questions to your spirit and the spirit answers: the light breaks forth and the reality is revealed.
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
Reply With Quote
 
  #20 (permalink)
Elite Member
Sydney, Australia
 
Futures Experience: Intermediate
Platform: Sierra Chart, IRESS
Broker/Data: IB, IQFeed
Favorite Futures: ES, SPI, ASX stocks, options
 
Posts: 399 since Jun 2015
Thanks: 169 given, 446 received



Blash View Post
I wish I was a programmer.... Just a hack.....


Sent from my iPhone using Tapatalk

Pay someone lol. But I have to say knowing how to program certainly kicks ass, it's like being in the matrix and you see the girl in the red dress everywhere and you scoff at the plebs who have to do repetitive work when you can oh so easily automate their life's work in a heart beat. Am I evil? Probably.

Anyhow off topic, unless you are programing some seriously complex algo I doubt you would run into problems.

Also would be interesting to see if an MC rep pops up to try get your business, if not...

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