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MultiCharts vs. NinjaTrader
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MultiCharts vs. NinjaTrader

  #51 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
mattz's Avatar
 
Posts: 2,059 since Sep 2010
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andby View Post
Hi Matt,

Speaking about EOD, I was trying the other day loading the japanese yen in MC - and as you may probably know, the hart looked a bit funny.

Is there a fact that today no-one can use MC to trade the Japanese Yen futures contract?

And if yes, are there any plans to enable the platform to do that sooner or later?

thanks!

Of course you can trade Japanese Yen via MC.
You can also trade the Japanese Cash FX as well.

So in order to help you: What data feed did you use to load the Japanese Yen Futures and what time frame did you use?


Thanks,
Matt
Optimus Futures

There is a risk of loss in futures trading. Past performance is not indicative of future results.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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  #52 (permalink)
Elite Member
Norwich, UK
 
Futures Experience: Beginner
Platform: Multiple:research&executi
Broker/Data: Started with Stage5/OEC ... multiple
Favorite Futures: Anything found profitable goes ...
 
andby's Avatar
 
Posts: 141 since Jul 2012
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mattz View Post
Of course you can trade Japanese Yen via MC.
You can also trade the Japanese Cash FX as well.

So in order to help you: What data feed did you use to load the Japanese Yen Futures and what time frame did you use?


Thanks,
Matt
Optimus Futures

There is a risk of loss in futures trading. Past performance is not indicative of future results.

Hi,

Try @6J from OEC for example (1 day, default settings), and let me know if the chart looks ok on your side.

Regards

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  #53 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
mattz's Avatar
 
Posts: 2,059 since Sep 2010
Thanks: 1,933 given, 2,782 received
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andby View Post
Hi,

Try @6J from OEC for example (1 day, default settings), and let me know if the chart looks ok on your side.

Regards

Andy, we use the OEC platform and other services from Gain Capital, but we use Rithmic, CQG and TT for Multicharts.
On those the Japanese Yen is just fine.
We did not incorporate OEC yet, so my familiarity is limited. I suggest to call the tech guys at OEC.

Matt
Optimus Futures

There is a risk of loss in futures trading. Past performance is not indicative of future results.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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  #54 (permalink)
Market Wizard
Hamburg Germany
 
Futures Experience: Advanced
Platform: Multicharts, Tradestation, Multicharts.NET, NinjaTrader, MetaTrader
Broker/Data: DTN IQ
Favorite Futures: ES
 
Posts: 1,527 since Apr 2013
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andby,

depending on what you mean with "a bit funny", this might be caused by false Quotemanager settings for the particular symbol. It's usually a good idea to check the settings after adding a new symbol to the database, as the default ones might not always be correct.

Regards,
ABCTG


andby View Post
[...] Speaking about EOD, I was trying the other day loading the japanese yen in MC - and as you may probably know, the hart looked a bit funny. [...]


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  #55 (permalink)
Elite Member
Norwich, UK
 
Futures Experience: Beginner
Platform: Multiple:research&executi
Broker/Data: Started with Stage5/OEC ... multiple
Favorite Futures: Anything found profitable goes ...
 
andby's Avatar
 
Posts: 141 since Jul 2012
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ABCTG View Post
andby,

depending on what you mean with "a bit funny", this might be caused by false Quotemanager settings for the particular symbol. It's usually a good idea to check the settings after adding a new symbol to the database, as the default ones might not always be correct.

Regards,
ABCTG

I can confirm - OECs' @6J default inherited settings were totally wrong:1/10K w/ BP: 125K. If set to (1/10^6 w/ BP: 62500K) then I think the chart looks way better ("a bit funny" meant scales were totally wrong).

to add: this indeed happened only on OEC, IQ was looking ok. Initially I thought 1/10^7 is a requirement to set 6J - which I know is not currently supported on MC.

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  #56 (permalink)
Trading Apprentice
atlanta GA/USA
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: Gold GC
 
Posts: 1 since May 2016
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MC Support Response

I've read more than a fair bit on other peoples opinions of NT vs MC and they tend to constantly drift away from the general topic and on to a more particular difference between the two which really comes down to what and how an individual trader trades.

As for free EOD data well that is just that 'Free EOD data' just because one platform does or doesn't have this built in function may or may not mean anything because if MC doesn't have it you can still get the data easily it just may not be free. For me who cares? -Generally the ones who aren't making enough money trading to justify paying for something else. Very understandable however it really shouldn't affect someone who is serious about trading.

For me, still being a very new but serious trader, bigger picture issues come to mind. If MC doesn't have some function or item to trade then that's it. It won't work for you so debating it seems pointless. Whole chats could be summed up with a check mark on a row and column page somewhere. However overall functionality and architecture goes a long way. After reading more about how MC constantly communicates back to it's own servers worries me. There is opportunity for the server to update the software in some odd minor or large way which then stops your strategies from working. This is true with any platform however if generally speaking the only time your software contacts the home server is when you specifically tell it to is very comforting. If that software has to constantly keep calling home say 10 times per day, for example, for some reason this simply adds 10 possibilities for points of failure. When it comes to money, profit, loss, life savings, and etc reducing any possible points of failure are huge items to be considered. This isn't a video game. Ex, MC servers could be 100% online and ready to go yet any number of items could have messed with or accidentally corrupted your DNS server's info or your own local DNS cache on your PC. All the while everything else is perfect yet because of this MC can't call home and stops what is happening. Albeit unlikely it is very possible, has happened with several non-trading like softwares of mine including web browsers, and accounting for as much as we can is great practice.

I had some simple questions like this and below is a stitched set of iPhone screen captures of that support request with MC. For myself these answers were unacceptable.
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


For Henry to say that if MC went out of business their authorization servers would remain online is very possible HOWEVER who would pay for those servers, bandwidth, and upkeep? If there is no new money coming in then pretty much everything dies. If they got hacked my locally installed software wouldn't change but if it can't communicate back then it simply stops working. As for NO documentation regarding background processes communicating unknown information to unknown servers good god people. I don't know the processes of my car's embedded computer however I am confident they are not changing unless I manually do something to change them. It doesn't rely on DNS, internet connectivity, or if VW is still in business or not. It could still be hacked but hacking my one car is very different than hacking one company which constantly communicates with software across the world which is exchanging money around.

None of this is saying that NinjaTrader is perfect by any means this is just a short item of research by a newbie, myself, and I believe it should be rather pertinent to others as well. NinjaTrader has it's flaws as well as I quickly found when trying to test code and requesting support for a function. When trying to get the value of how much cash was available in the broker account via code this function doesn't work unless you are running it LIVE and on a LIVE broker. "GetAccountValue(AccountItem.CashValue)" This means your ability to thoroughly test software code, which is HUGE to a developer, is very limited with some functions and the response of support as to specifically why has simply been 'because it only works live.'

Both platforms throw different but certain possibilities to the wind to let it fall where chance takes it.

Sincerely,
More thoughts that make you not want to trade.

-but hey, some kid made a half million on penny stocks from his iPhone.


Last edited by antrux; June 24th, 2016 at 02:30 PM.
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