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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?

  #51 (permalink)
 Tulips 
Hollywood, FL, USA
 
Experience: Advanced
Platform: NinjaTrader
Broker: TradeStation, NinjaTrader, Interactive Brokers
Trading: eMinis, Stocks
Posts: 12 since Oct 2019
Thanks Given: 4
Thanks Received: 19


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

Well, I can tell you what I did NOT liked about it. I used Ninja, Multicharts and now Tradestation. Ninja can get very messy when using a multiple screen setup using a notebook that you like to take back and forward. It is very CPU hungry and surprisingly made my notebook screen for more cooling air. Multicharts is lighter, definitely faster but does not have some of the cool features TradeStation has. Tradestation is slower so you really need a good high performance notebook for this one.

EasyLanguage is WAY simpler to put in your trading ideas and strategies, and I am a programmer for over 30 years, in > 10 different languages, but debugging for a trading platform can cost you a lot of money. Yes it is sexy to get your own strategy on C+(#,++) but I think you are wasting a lot of valuable time in doing so. And buying someone else's....well...I always think that nobody is out there to give me my daily bread, I have to work for it 😊😜

Now if you are happy with Ninja and using the standard indicators (which are NOT BAD, they have been proven and most of them do have a valid reason behind it, even if they are looking into the past) then there is nothing wrong with Ninja or Multicharts, but if you like to do also some swingtrading with Stocks than I think TS is the better choice (just watch out for market orders as they like to take you to the cleaners with those 🤣😒😢&#128546

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  #52 (permalink)
 sciman 
Lago Vista Texas/USA
 
Experience: Intermediate
Platform: NinjaTrader, ThinkorSwim
Trading: Emini ES
Posts: 1 since May 2020
Thanks Given: 0
Thanks Received: 1

Hi,
I only write code for Ninjatrader and ThinkorSwim. While Ninjatrader is sometimes clunky, I feel it is fairly straightforward to code on and have great luck programming solid performing Indicators and Strategies. Did you have a chance to try the "Strategy Builder" and also the "NinjaScript Editor"? I sometimes use the Strategy Builder Wizard before I enhance the coding. Also, the Bloodhound add-on is useful and time saving. You can export your scripts directly into Microsoft Visual Studio from NinjaTrader if that is any plus to you. I know of some programming guides and quick courses if you decide you are interested in those.
Hope this helps.
KD

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  #53 (permalink)
 
vmodus's Avatar
 vmodus 
Somewhere, Delaware, USA
 
Experience: Intermediate
Platform: MultiCharts
Broker: Barchart.com
Trading: Everything, it all tastes like chicken
Posts: 1,271 since Feb 2017
Thanks Given: 2,958
Thanks Received: 2,853



Tulips View Post
EasyLanguage is WAY simpler to put in your trading ideas and strategies, and I am a programmer for over 30 years, in > 10 different languages, but debugging for a trading platform can cost you a lot of money. Yes it is sexy to get your own strategy on C+(#,++) but I think you are wasting a lot of valuable time in doing so. And buying someone else's....well...I always think that nobody is out there to give me my daily bread, I have to work for it 😊😜

Håkan Samuelsson recently made this exact point over on EasyLanguage Mastery ( Why You Shouldn’t Use Python for Algorithmic Trading (And [AUTOLINK]Easylanguage[/AUTOLINK] Instead)). It's a pretty good article.

I think the lower level languages give you a slight execution advantage, but that probably is a non-factor with longer timeframe trades (>= 60 minutes). EasyLanguage has some limitations unless you start working with some of the advanced features. I am the opposite as you: moving from TradeStation to MultiCharts, but our focus is purely futures with a little forex thrown in for flavor.

~vmodus

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  #54 (permalink)
 SpeculatorSeth   is a Vendor
 
Posts: 780 since Apr 2016
Thanks Given: 22
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emun View Post
What do you mean by: " you have to pay full rithmic fees, no data discount as most brokers provide"?

I pay 30 USD per month. It doesn´t seem to me too much...

Advantage of NT is that you can buy it, so you pay one payment and it is all. As for Sierra Chart, you can only rent it. I have bought NT ten years ago, so if I count it, it is a difference of thousands of dollars!

But I´m not recommended anything to anybody (I can´t compare).

Are you sure that you aren't grandfathered in to use CQG data through IB though? In either case IB isn't really a futures specialist so I wasn't considering that when I made my statement. You can use a few brokers like IB or TD Ameritrade, but then you have to deal with the issues you get from brokers that don't specialize in futures.

As for the overall platform cost, it is not unreasonable to ask $1100 for a lifetime license of the leading software platform. It is on the more expensive side, but it's not crazy. Optimus Flow / Quantower is $997 for the lifetime license. Jigsaw is $579 plus $50 per month.

One of the issues is that it seems people want there to be a right answer to everything, but the world just doesn't always work like that. Every major platform out there has positives and negatives. The only platform that I would actively advise against is MT4 lol.

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  #55 (permalink)
 emun 
prague, czech republic
 
Experience: Advanced
Platform: NinjaTrader
Trading: NQ
Posts: 165 since May 2012
Thanks Given: 49
Thanks Received: 74


TWDsje View Post
Are you sure that you aren't grandfathered in to use CQG data through IB though? In either case IB isn't really a futures specialist so I wasn't considering that when I made my statement. You can use a few brokers like IB or TD Ameritrade, but then you have to deal with the issues you get from brokers that don't specialize in futures.

As for the overall platform cost, it is not unreasonable to ask $1100 for a lifetime license of the leading software platform. It is on the more expensive side, but it's not crazy. Optimus Flow / Quantower is $997 for the lifetime license. Jigsaw is $579 plus $50 per month.

One of the issues is that it seems people want there to be a right answer to everything, but the world just doesn't always work like that. Every major platform out there has positives and negatives. The only platform that I would actively advise against is MT4 lol.

Yes, you are right. I forgot that I bought multibroker license when AMP was still available (which is not now).

I decided for IB because, I feel much better to have OCO orders on brokerage servres than to have them simulated on my computer only.

You wrote: "you have to deal with the issues you get from brokers that don't specialize in futures." I´m not sure what types of issues do you have in mind?

I completely agree with the last paragraph!

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  #56 (permalink)
 SpeculatorSeth   is a Vendor
 
Posts: 780 since Apr 2016
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emun View Post
Yes, you are right. I forgot that I bought multibroker license when AMP was still available (which is not now).

I decided for IB because, I feel much better to have OCO orders on brokerage servres than to have them simulated on my computer only.

You wrote: "you have to deal with the issues you get from brokers that don't specialize in futures." I´m not sure what types of issues do you have in mind?

I completely agree with the last paragraph!

When things get crazy its inevitable that I'll see a few customers on platforms like ThinkorSwim complaining about execution and so forth. Kind of the same thing as how Robinhood is always down when we're having huge selloffs.

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  #57 (permalink)
 
jpygbp's Avatar
 jpygbp 
Argyle Texas
 
Experience: Advanced
Platform: NinjaTrader, Jigsaw
Broker: NT/Dorman, Oanda, ThinkorSwim
Trading: ES CL 6E MES ZB
Posts: 170 since May 2011
Thanks Given: 5
Thanks Received: 146

One thing that might be relevant, is dedication to a purchased product. I have had lifetime multi-broker Ninjatrader and Multicharts licenses for a number of years. I would feel guilty of wasting money if I did not use these platforms. I also have a 2000i tradestation version that does not see much use. I am happy with my NT8 and can make money with it. However, there are other options available for someone who is not committed to a platform yet.

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  #58 (permalink)
 4tison 
PhuKet Island / Thailand
 
Experience: Advanced
Platform: Sierra Chart NT
Broker: IB / IQFeed
Trading: ES
Posts: 133 since Jul 2018
Thanks Given: 136
Thanks Received: 53


dg3225 View Post
1. Hyper current technology with super fast data processing and charting capabilities updated on a regular basis. FAST and Furious.
2. Value delivered for the price is an ROI that is almost infinite. Cost effective on all fronts and linked to NT broker with awesome rates and service.
3. Awesome customer service, efficient via email and if any problem can't be resolved with email immediate telephone and shared PC support, always resolve issues.

NT is just awesome. Trade Station, I found as a non-professional day trader they were clunky, poor service and far more complex interface. I have used several other platforms that all pretty much suck. NT is in my view is the best for a non pro day trader. I have been using it for over 10 years.

I am truly curious as to your claims, specifically, just....

....any problem can't be resolved with ....
immediate telephone....

Not to question your sincerities or anything like that, but....

pray tell us WHICH number that you used, that could reach the
NT platform person....?

Are you just trying to be accommodating to NT.... LOL?

Yes, I am a lifetime Multibroker license holder too....

Yes, NT apparatuses are second to none....
that does not mean technicians behind the scene
are likewise, nevertheless, most are pretty very good
like Mr. P for example.

But then there are also problems unresolved for days and
weeks, trying to explain that my CPU, my RAM, my setup
are too limited to allow NT8 to function to its top capabilities....

The tech probably should have ascertain what kind of
contraptions were used to trade with NT8....?

Intel i9

RAM 32

Drive 2T

Monitors 6 42" 4k etc

Maybe these are inadequate for some
but I am super happy, every trading session.

Thx for listening everyone, especially
those behind the scene technicians.

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  #59 (permalink)
 
Joseph Connors's Avatar
 Joseph Connors 
Colorado Springs, CO USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Ninjatrade
Trading: Futures
Frequency: Many times daily
Duration: Minutes
Posts: 134 since Jul 2012
Thanks Given: 93
Thanks Received: 106


4tison View Post
I am truly curious as to your claims, specifically, just....

....any problem can't be resolved with ....
immediate telephone....

Not to question your sincerities or anything like that, but....

pray tell us WHICH number that you used, that could reach the
NT platform person....?

Are you just trying to be accommodating to NT.... LOL?

Yes, I am a lifetime Multibroker license holder too....

Yes, NT apparatuses are second to none....
that does not mean technicians behind the scene
are likewise, nevertheless, most are pretty very good
like Mr. P for example.

But then there are also problems unresolved for days and
weeks, trying to explain that my CPU, my RAM, my setup
are too limited to allow NT8 to function to its top capabilities....

The tech probably should have ascertain what kind of
contraptions were used to trade with NT8....?

Intel i9

RAM 32

Drive 2T

Monitors 6 42" 4k etc

Maybe these are inadequate for some
but I am super happy, every trading session.

Thx for listening everyone, especially
those behind the scene technicians.



I would love to see a pic of your setup!

Persistence! Nothing in the world can take the place of persistence.
Talent will not ... nothing is more common than unsuccessful men with talent.
Genius will not ... Unrewarded genius is almost a proverb.
Education will not ... The world is full of educated derelicts.
Persistence and determination alone are omnipotent!
Calvin Coolidge
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  #60 (permalink)
UweH
Myslenice Poland
 
Posts: 25 since Aug 2019
Thanks Given: 6
Thanks Received: 8


I’m running NT8 for about two years now on a self built computer with I7-6700k, 32RAM, Samsung SSD Pro and Multi-Monitor-Card without any performance problems. That NT8 is based on C# and doesn’t use “simplified languages” is a positive attitude for me, because it means for me “No Limits”. 1k for a lifetime license is ok if you think about, how many work it needs to develop a platform and support it. Of course, I also have some problems with NT and often with my backtest-results, because the order execution is sometimes far from reality. In my opinion the only trustworthy backtest is a run on market replay.


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