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TradeStation or NinjaTrader?


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TradeStation or NinjaTrader?

  #1 (permalink)
 
SteveJewels's Avatar
 SteveJewels 
Dayton, OH USA
 
Experience: Intermediate
Platform: TradeStation
Broker: TradeStation
Trading: MES
Posts: 38 since Sep 2017
Thanks Given: 10
Thanks Received: 11

Hello All,

I hope that you are well.

I am looking for comparisons of TradeStation and NinjaTrader. I have done some Googling but most of what I find is either old/out of date or reads like an advertisement.

I traded for a while about 10 years ago, exclusively ES, YM and YG. This time I will be trading only GC’s.

I have NinjaTrader installed and am learning the functionalities and attempting to find the indicators and drawing tools I need for my trading method and determining if I can either use them as programmed or modify them to fit my method. There is also an external tool which was available for TS but may be available for NT.

When I was trading before TS was the ‘tool of the pros’ and NT was still considered to be for amateurs but I am seeing indications that this may no longer the case.

Assuming that I can find that all of the indicators and drawing tools in both NT and TS are equally available and the external tool is available for both, are there any fundamental reasons to choose one over the other? Things like feed viability/reliability, executions, ease or greater versatility of customization/programming? Any other considerations?

I am liking the NT SuperDOM for order entry and management. Is there similar functionality in TS?

I qualify for the ‘TradeStation Salutes’ program. With that it looks as though TS may have the advantage for commissions and fees, perhaps significantly so.

Thanks,

Steve

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  #3 (permalink)
 
paps's Avatar
 paps 
SF Bay Area + CA/US
 
Experience: None
Platform: TS, TOS, Ninja(Analytics)
Trading: NQ CL, ES when volatile mrkts
Posts: 1,739 since Oct 2011
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they r both awesome. cannot be really compared. peeps who compare.....i dont know what 2 say

it depends on what you want it to do. If its just DOM....any DOM is kool.

sorry could not be explicit...as it was very generic answer. Both have very very unique functions.

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  #4 (permalink)
 planetmoto 
freasno, ca usa
 
Experience: Advanced
Platform: ninja trader
Trading: forex
Posts: 104 since Apr 2013
Thanks Given: 51
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I have both, I only use NT for charting because I purchased indicators from a few vendors and it was only coded for NT. For execution I prefer TradeStation-RJObrien. It is still used by professional traders especially those who are into automating their strategy. I also know some ex Goldman traders that use TS for their opening order trades and tie it into excel but that is a whole other animal to talk about. Data feeds incl historical tick data on TS imo are better than what's available on NT7 or 8. You have a lot of newbie type traders who lean towards NT because the learning curve seems easier. I would try TS if you haven't, their new commish structure makes it very cheap to get going with them and their tutorials are on par with Ninja; compare execution yourself and maybe use both like I do

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  #5 (permalink)
 
SteveJewels's Avatar
 SteveJewels 
Dayton, OH USA
 
Experience: Intermediate
Platform: TradeStation
Broker: TradeStation
Trading: MES
Posts: 38 since Sep 2017
Thanks Given: 10
Thanks Received: 11

Thank you planetmoto. Just the kind of information I was looking for.

Do NinjaScript and TradeStation EasyLanguage have similar capabilities?

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  #6 (permalink)
 planetmoto 
freasno, ca usa
 
Experience: Advanced
Platform: ninja trader
Trading: forex
Posts: 104 since Apr 2013
Thanks Given: 51
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SteveJewels View Post
Thank you planetmoto. Just the kind of information I was looking for.

Do NinjaScript and TradeStation EasyLanguage have similar capabilities?

Ninja Trader is based on C# which many will tell you is more current and allows you to do more. I'm not sure that is entirely true though since TradeStation from an automated strategy testing standpoint is far more powerful than Ninja. That being said C# is easier to code up than Easy Language probably because it is more widely known. But most programmers can pick up easy language if they put in some time they also have courses to learn it if you're so inclined

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  #7 (permalink)
 
SteveJewels's Avatar
 SteveJewels 
Dayton, OH USA
 
Experience: Intermediate
Platform: TradeStation
Broker: TradeStation
Trading: MES
Posts: 38 since Sep 2017
Thanks Given: 10
Thanks Received: 11

Thank you planetmoto.

I loaded TS Wednesday and have been fiddling with setting up charts with my indicators and clicking this, that and the other buttons to see what they do. So far TS appears to be more to my liking.

I had noticed a few quirks with NT. Sometimes when I would open it some of the charts or other functions like the SuperDOM etc., would not be there even though I selected to save the workspace on exit.

I know very little about programming, only what I have been forced to to at work or to support what I do on computers. Guess I will have to learn some more.

Best regards,

Steve

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  #8 (permalink)
 
SMCJB's Avatar
 SMCJB 
Houston TX
Legendary Market Wizard
 
Experience: Advanced
Platform: TT and Stellar
Broker: Advantage Futures
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,041 since Dec 2013
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planetmoto View Post
For execution I prefer TradeStation-RJObrien.

Just curious, how do you use Tradestation with RJOBrien? Are you bridging them?


planetmoto View Post
That being said C# is easier to code up than Easy Language

Really? Easy Language is as close to programming in plain english than anything I've ever seen.
If Close crosses over Average(Close, 20) then buy next bar at market
What could be easier?

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  #9 (permalink)
 
sptrader's Avatar
 sptrader 
Colorado
 
Experience: Advanced
Platform: MultiCharts
Broker: IB & Iqfeed
Trading: ES , CL
Posts: 535 since Apr 2010
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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

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  #10 (permalink)
 iantg 
charlotte nc
 
Experience: Advanced
Platform: My Own System
Broker: Optimus
Trading: Emini (ES, YM, NQ, ect.)
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This is an interesting topic. I am a computer programmer by trade, and as such I have tinkered with many different systems. TS, NT, etc. But ultimately went with NinjaTrader for one simple reason. It uses C# which is the most widely supported and scalable programming language by Microsoft. While easy launguge and any other programming supported by other trading platforms will be as easy, if not easier to learn and all support the same basic blocking and tackling... C# can access any type of tool from the greater .Net environment. You want to make calls to a SQL server, done, you want to built a Cartesian join using 2 or 3 different lists, done. In terms of programming sophistication we are talking about Microsoft, the largest software company on the planet and their native PL C# vs. some home grown PL that a trading company cooked up. Again I am not saying that other PLs from other trading platforms won't get the job done for the basics, but if you are looking for super advanced, crazy type of functionality (Like I do.) then look no further than NinjaTrader.

Also NinjaTrader has a killer testing platform for validating real market conditions and evaluating your trades. Other tools have similar functionality, but I have heard NT has a more accurate result with their market replay vs. some other back-testing from other platforms.

I am an automated Algo trader, so it's all about the code for me.

Ian

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