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TradeStation or NinjaTrader?


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TradeStation or NinjaTrader?

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  #11 (permalink)
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Posts: 2,485 since Sep 2010
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SMCJB View Post
Just curious, how do you use Tradestation with RJOBrien? Are you bridging them?

I think that TS used to clear via RJO. I believe now they are self-cleaning. BTW, you can bridge TS with OEC and Blue Water (old trademaven). I can provide TS if you need it.

Thanks,
Matt Z
Optimus Futures

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  #12 (permalink)
Los Angeles California United States
 
Experience: Beginner
Platform: NT, TS, MC
Trading: ES
 
Posts: 54 since Jun 2015
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sptrader View Post
If you're a professional programmer then NT would probably be best for you. If like me, you have little to no programming experience (or no desire to learn C#), then TS with Easylanguage is by far the easiest way to go, of the Two.
Also, don't forget to try Multicharts. I used to be a TS user for 10 years or so but switched to Multicharts for the ability to use many brokers, import most TS studies, excellent charting, good automated trading ability and a desktop stand-alone platform instead of a web-based TS, etc. etc.
Multicharts uses a nearly identical language to TS Easylanguage, called Power Language.
I tried NT about a year ago but was spending far too much time trying to learn C# instead of trading.
C# felt like learning Chinese, compared to Easylanguage for a non-programmer.
You really need to spend time with each platform to see which suits your trading style and which is most intuitive. You'll be spending hundreds of hours using the platform you choose, so take your time in selecting the right one.
They all should offer a free trial just for that purpose. They're all very capable of doing anything that you'll need.
I'm not associated with any of them, just a long time user.
glty

Save yourself many headaches and go straight to Multicharts.
I started out using NT7 and 8 and loved the platform. However, I'm not a programmer so I had to look for something else to code my indicators and strategies, and that's when I started using Tradestation. It's a good platform.... till it's NOT. When markets started moving, TS kept on disconnecting. Imaging the market moving against and poooof... no connection.... Anyway, this kept on happening every time the ES moved on the live account (it wouldn't do it on the simulation account!!!). Their customer service is not what it used to be. Additionally, it would take days to do an extensive backtest (exhaustive or genetic)... These problems went away by simply switching to Multichart/CQG/AMP combo.
I have MC 64. I couldn't believe how fast it would finish a backtest or walkforward analysis. It also uses the same indicators i built in Tradestation. The look and functions are very intuitive (can't say that about Sierra).
GoodLuck..

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  #13 (permalink)
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mamax98 View Post
The look and functions are very intuitive (can't say that about Sierra).
GoodLuck..

It also configured to 4K screens now. Looks very good on it.

Thanks,
Matt Z
OptimusFutures.com

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

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
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  #14 (permalink)
freasno, ca usa
 
Experience: Advanced
Platform: ninja trader
Trading: forex
 
Posts: 103 since Apr 2013
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I have not had any of the issues @mamax98 mentioned with TradeStation, not sure if he used it recently or his internet was the issue. I have had NT lock up frequently during fast markets, Multicharts does have a good rep but now you have to source your data feed from a third party vs TS which clears through RJO and is excellent overall. I know far more full time traders using TOS and TastyWorks for options and TS for stocks and futures just my .02

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  #15 (permalink)
Los Angeles California United States
 
Experience: Beginner
Platform: NT, TS, MC
Trading: ES
 
Posts: 54 since Jun 2015
Thanks: 152 given, 13 received


planetmoto View Post
I have not had any of the issues @mamax98 mentioned with TradeStation, not sure if he used it recently or his internet was the issue. I have had NT lock up frequently during fast markets, Multicharts does have a good rep but now you have to source your data feed from a third party vs TS which clears through RJO and is excellent overall. I know far more full time traders using TOS and TastyWorks for options and TS for stocks and futures just my .02

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I decided to stop using TS for trading in September this year. I thought it was my internet too, but the same issue kept on happening even after midnight (so heavy traffic was ruled out). Also, my log showed continuous internet connection. It was just Tradestation.

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  #16 (permalink)
Legendary Market Wizard
Cleveland Ohio/United States
 
Experience: Advanced
Platform: Tradestation
Broker: Tradestation, DeCarley, others
Trading: futures
 
Posts: 2,821 since Jul 2012
Thanks: 1,459 given, 5,470 received


mboxwave View Post
Both platforms have Pros and Cons. I will answer from a coding perspective. In NinjaTrader you code in .NET. In this language you can pretty much accomplish anything you want. In TradeStation it is Easy Language, and there is nothing easy about it. It does not conform to standard C, C++, Java, or C# syntax. Also there are a lot of limitations with Easy Language. That is why they allow you to do DLL programming to extend the functionality of what you can do. This also makes for a more complicated development setup, having to code in Easy Language, and then compile an extra DLL to do all the things you can't do in Easy Language.

In my experience of both platforms is that Tradestation for the user is faster and more stable. For the programmer it is more cumbersome. On the other hand NinjaTrader is slower for the user to use, but much easier to program in.

Also, Ninja Support is better than Tradestation support for programming. I have used both. Ninja is always on the ball and trying to help you. With Tradestation, a lot of times they do not answer your questions directly and you are left to figure things out. The programming documentation on TradeStation is less organized and harder to find what you are looking for than with Ninja.

I think Easy Language is MUCH easier to program in than Ninja. The running joke among long time traders is that Easy Language was developed by traders for traders, while Ninja was developed by programmers for programmers.

My background is with older languages: Basic, Fortran, Cobol, Pascal. So that might explain it - Easy Language is not modern compared to C++ and Java...

Also, I have been using TS for 10+ years, and never had to program a dll to do something. But then again, it might be the case that since I know the limitations, I just work around them.

I think the key is to learn whatever platform and language you choose well enough that you know the tricks to avoid creating unrealistic equity curves...

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  #17 (permalink)
freasno, ca usa
 
Experience: Advanced
Platform: ninja trader
Trading: forex
 
Posts: 103 since Apr 2013
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kevinkdog View Post
I think Easy Language is MUCH easier to program in than Ninja. The running joke among long time traders is that Easy Language was developed by traders for traders, while Ninja was developed by programmers for programmers.

My background is with older languages: Basic, Fortran, Cobol, Pascal. So that might explain it - Easy Language is not modern compared to C++ and Java...

Also, I have been using TS for 10+ years, and never had to program a dll to do something. But then again, it might be the case that since I know the limitations, I just work around them.

I think the key is to learn whatever platform and language you choose well enough that you know the tricks to avoid creating unrealistic equity curves...

Wondering if you could talk about the upcoming TradeStation version 10 which is supposedly a complete overhaul??? What are the benefits for traders and programmers? If you ask support they just say faster more features doesn't really explain anything. Will you have to learn new programming skills to migrate, lastly how do you think this will compare to NT8?
TY

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  #18 (permalink)
Legendary Market Wizard
Cleveland Ohio/United States
 
Experience: Advanced
Platform: Tradestation
Broker: Tradestation, DeCarley, others
Trading: futures
 
Posts: 2,821 since Jul 2012
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planetmoto View Post
Wondering if you could talk about the upcoming TradeStation version 10 which is supposedly a complete overhaul??? What are the benefits for traders and programmers? If you ask support they just say faster more features doesn't really explain anything. Will you have to learn new programming skills to migrate, lastly how do you think this will compare to NT8?
TY

Sent using the futures.io mobile app

I have not investigated this at all. My approach has always been to stay behind on new releases, as they are typically more stable and bug free. For example, I am using Tradestation 9.1 (not 9.5) right now, and NinjaTrader 7 (not 8).

With real money on the line, I can't afford to have crashes, bugs, etc. -- even if that means giving up some new features.

I assume for TS version 10 that Easy Language will still be supported. With version 9, they OOEL capabilities (new language) but kept Easy Language. There is just too much Easy Language legacy code out there. But I do not know this for sure.

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  #19 (permalink)
Denver, CO
 
Experience: Intermediate
Platform: TS and MD/IRT with IQFeed
Trading: ES, NQ, RUS, CL, US
 
Posts: 40 since Mar 2011
Thanks: 1 given, 18 received

be advised the Windows security update, that broke TS 9.1, forced everyone to 9.5, and so far...it's been horrible in terms of performance...enough that after 10 years I'm looking to switch to NinjaTrader....assuming the Windows update didn't impact it similarly....

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  #20 (permalink)
Legendary Market Wizard
Houston, TX
 
Experience: Advanced
Platform: Trading Technologies
Broker: Primary Advantage Futures. Also ED&F and Tradestation
Trading: Primarily Energy but also a little ES, GE, GC, SI & Bitcoin
 
Posts: 3,629 since Dec 2013
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cleon View Post
be advised the Windows security update, that broke TS 9.1, forced everyone to 9.5, and so far...it's been horrible in terms of performance...enough that after 10 years I'm looking to switch to NinjaTrader....assuming the Windows update didn't impact it similarly....

Due to an unfortunate dropped laptop, and the Meltdown & Specter chip vulnerabilities (that lead to the windows patch's) I have recently gone from running 9.1 on W7 to 9.5 on W10. Given everything I had heard about 9.5 this was a move I was dreading, but I have been pleasantly surprised. Seems faster and sharper but obviously cant tell how much is 9.5 vs 9.1, W10 vs W7, and new chip vs 3 year old chip! I'm not a power user my any means but I haven't had a single crash in the month I've been on the new setup.

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