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Can anyone tell me what is so good about Ninja Trader?


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Can anyone tell me what is so good about Ninja Trader?

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  #11 (permalink)
Houston TX/USA
 
 
Posts: 6 since Jul 2019
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WCwings View Post
I trade using MultiCharts and I have tried using Ninja Trader, but I must have missed something. The little bit that I used Ninja Trader did not show any advantage over MultiCharts. Ninja Trader was just really difficult to write code for. Can anyone tell me what is so good about Ninja Trader?
Thank you,
WCwings

Hi There,

In my opinion, it's not the software that makes us profitable it's our strategy and trader temperament. Sotware is just a means to achieve the strategy part. Some functionalities which are necessary in a software like robustness, features makes it lucrative. That's a different story that software companies sell their softwares in a way that unsuccessful trader thinks if he will have this software and this feature he will be profitable. Those who have been profitable they know the reality 🤫.

I hope it makes sense.

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  #12 (permalink)
louisville kentucky us
 
 
Posts: 3 since Jul 2017
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I personally regret buying it.
Came out of lurk mode just to say that.

Its very glitchy, wizard is joke, support desk is meh, you dig for hours in forums for an answer, most threads just end when support blames computer, dare you to get a script assembly error , god forbid you update the damn thing, broker is meh.

they jam it full of options and low broker stuff to suck you in then you realize 95% is fluff / distraction, you just needed like 3 indicators and patience.

Im sure if i had a degree in coding i would have a different perspective. But,,, i dont.

as it stands, tradingview "feels" better.

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  #13 (permalink)
Tortola
 
Experience: Beginner
Platform: Ninjatrader, TWS IB
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I will answer the question without basing it on a comparison because I have practically no experience on TS.
I think what makes NT so popular its users community and the available indicators and add ons. If you are a newbee chances are that you will start following some mentor, guru, trading room, training course, indicator purchase, etc. Whatever platform was used in your introduction to trading is most likely to stick with you.
I know that this is falling into a circular definition like: "NT is the most popular because it is the most used", but that is what I really think answer your question.

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  #14 (permalink)
Eugene, OR. USA
 
 
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RockywoBalboa View Post
Hi There,

In my opinion, it's not the software that makes us profitable it's our strategy and trader temperament. Sotware is just a means to achieve the strategy part. Some functionalities which are necessary in a software like robustness, features makes it lucrative. That's a different story that software companies sell their softwares in a way that unsuccessful trader thinks if he will have this software and this feature he will be profitable. Those who have been profitable they know the reality 🤫.

I hope it makes sense.

Well said.... All the software in the world won't make a difference if you don't have your head right and a solid system.

On a side note.....
I have always wondered how the old timers ever made a dime in the markets without all the whiz bang software we have now..... yup a little sarcasm there .

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  #15 (permalink)
Malaysia
 
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"free"

at least it used to...

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  #16 (permalink)
Indianapolis, Indiana
 
 
Posts: 10 since Jun 2020
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That's true, but if you don't "click" with the software or even programming language... You're going to make something (I think we think is fun) into a miserable experience. So it comes down to try them both out and then decide which one you like better.
RockywoBalboa View Post
Hi There,

In my opinion, it's not the software that makes us profitable it's our strategy and trader temperament. Sotware is just a means to achieve the strategy part. Some functionalities which are necessary in a software like robustness, features makes it lucrative. That's a different story that software companies sell their softwares in a way that unsuccessful trader thinks if he will have this software and this feature he will be profitable. Those who have been profitable they know the reality .

I hope it makes sense.

Sent using the futures.io mobile app

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  #17 (permalink)
Legendary Elite_Member
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WmAFoster View Post
I have always wondered how the old timers ever made a dime in the markets without all the whiz bang software we have now..... yup a little sarcasm there .

Sarcasm or just misunderstanding. "Old timers" as in floor traders, who traded on the ...trading floor. ie didn't use whizz bang software because they were on a trading floor.
My understanding is a lot of floor traders struggled once the exchanges went electronic and the volume shifted online and then the exchanges closed. Scott Pulcini in his recent webinar seemed quite happy using Bookmap which he considers the best (whiz bang) software to help him make money.
Sure, buying a certain item of software won't help if the fundamentals of how you are trading is unsustainable, but a professional in any line of work will always choose the best tools for the job and keep abreast of all the current developments in their field of work.

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  #18 (permalink)
Eugene, OR. USA
 
 
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matthew28 View Post
Sarcasm or just misunderstanding. "Old timers" as in floor traders, who traded on the ...trading floor. ie didn't use whizz bang software because they were on a trading floor.
My understanding is a lot of floor traders struggled once the exchanges went electronic and the volume shifted online and then the exchanges closed. Scott Pulcini in his recent webinar seemed quite happy using Bookmap which he considers the best (whiz bang) software to help him make money.
Sure, buying a certain item of software won't help if the fundamentals of how you are trading is unsustainable, but a professional in any line of work will always choose the best tools for the job and keep abreast of all the current developments in their field of work.

Actually the old timers I am speaking of were Livingston, Donchian , And Darvas who traded from week old news papers and telegrams while he was on tour in Europe... And others that I have not mentioned.

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  #19 (permalink)
huntington beach, ca usa
 
 
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Iím with you on wondering why Ninja is so great. I donít write code but what Iíve heard is that it is the platform that is the most advanced in that regard. I just dislike how they price access; I find it very confusing with all the various licenses and data charges. Their commissions arenít any better than what else is available but then you have to pay a chunk for using the platform and getting data. For someone like myself, who doesnít write code, I donít see a great value in Ninja. Additionally, when I did use it I found it to be somewhat unstable, especially when the market makes an explosive move, and it seems to allow more slippage on trade entries and exits than you might expect.

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  #20 (permalink)
Houston TX/USA
 
 
Posts: 6 since Jul 2019
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WmAFoster View Post
Well said.... All the software in the world won't make a difference if you don't have your head right and a solid system.

On a side note.....
I have always wondered how the old timers ever made a dime in the markets without all the whiz bang software we have now..... yup a little sarcasm there .

Back then, trade the trader, stop runs, hard stop losses, pumping stocks was not a common thing or maybe non existent.

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