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Sierra vs. Ninja : why I chose .....
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Sierra vs. Ninja : why I chose .....

  #141 (permalink)
Elite Member
Tomsk, Russia
 
Futures Experience: Beginner
Platform: custom
Favorite Futures: gold
 
slickiam's Avatar
 
Posts: 253 since Dec 2010
Thanks: 131 given, 408 received


trendisyourfriend View Post
I'd like to ask. Is there someone equivalent to @Fat Tails that develops free indicators and is as generous for the Sierra community?

hey

so you've choosed NT because of Fat Tails?

seriously: do you know the exact formulas for those studies?

1. you are able to use Spreadsheet study /Excel style/

or

2. you are able to use very simple scripting language ACSIL

no need to ask/wait for someone else - this is SierraChart, bro

Scientia Libertas Prosperitas
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  #142 (permalink)
Market Wizard
Columbus, OH
 
Futures Experience: None
Platform: NT 8, TOS
Favorite Futures: ES
 
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Posts: 3,382 since Aug 2009
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slickiam View Post
hey

so you've choosed NT because of Fat Tails?

seriously: do you know the exact formulas for those studies?

1. you are able to use Spreadsheet study /Excel style/

or

2. you are able to use very simple scripting language ACSIL

no need to ask/wait for someone else - this is SierraChart, bro

LOL

sierra had to copy @Fat Tails vwap indicator to get it right. so much for no need to ask/wait for someone

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  #143 (permalink)
Market Wizard
virginia
 
Futures Experience: Intermediate
Platform: ninja
Favorite Futures: ES
 
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trendisyourfriend View Post
I'd like to ask. Is there someone equivalent to @Fat Tails that develops free indicators and is as generous for the Sierra community?

yes to the first part, everybody is diff to the second part.

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  #144 (permalink)
Elite Member
Tomsk, Russia
 
Futures Experience: Beginner
Platform: custom
Favorite Futures: gold
 
slickiam's Avatar
 
Posts: 253 since Dec 2010
Thanks: 131 given, 408 received


Silvester17 View Post
LOL

sierra had to copy @Fat Tails vwap indicator to get it right. so much for no need to ask/wait for someone

oops ...

looks like i've started the holy war (NT vs SC)


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  #145 (permalink)
 Vendor: diversifyportfolio.com 
PTA, Gauteng
 
Futures Experience: Advanced
Platform: Self built + Sierra + TWS
Favorite Futures: Stocks and Options
 
DarkPoolTrading's Avatar
 
Posts: 1,036 since May 2012
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Something to keep in mind for the ensuing turf war. Firstly,...if you haven't used BOTH platforms extensively, then you have no opinion to post.

For those that have used both, you will probably find more balanced reviews of each platform listing pro's and con's for both. If not, then it is clear you haven't used both and have no opinion to post.

I used Ninjatrader +-12 hours every single day for just over a year. A while back I gave Sierra a try for various reasons. I now list Sierra as my predominant and favorite platform out of the two.

Don't be a fan boy. Try both platforms (for free) and decide which you like best. Then feel free to post informed two sided reviews

A couple reasons why I now prefer Sierra:
- It's a lot faster (this includes initial startup, loading charts, historical data etc)
- Adding indicators (including more data intensive ones such as volume profile studies) is faster
- I prefer the Sierra payment model (without going into too much detail,...Sierra's payment model promotes quick fixes and feature additions. NT's model promotes complacency)
- Spreadsheet analysis!
- Rectangle tool - This may seem small to some people but this is extremely annoying in NT. Long rectangles simply disappear in NT. This is an issue they have known about for several years yet it persists. (complacency?)
- Managing separate contracts within an order is far easier in Sierra. For example if I have a 3 contract position and only want to move the stop for 1 of those contracts. Easy, just do it.

Just a few reasons off the top of my head to add to or reiterate what has already been mentioned in the thread.

Diversification is the only free lunch
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  #146 (permalink)
Site Administrator
Manta, Ecuador
 
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One quick comment about payment models... be sure to take into account the average amount of time the purchaser will subscribe to the product vs buying it lump sum. What I mean is take into account how long people survive in the business. I am talking about on average of course.

Based on what I believe to be true, that would favor NinjaTrader's one time payment model as far as providing more financial stability to the company. When people enter this profession they dream of riches and they will invest in what they need (ie software, hardware, funded account) but many of them are done with trading inside of six months.

Mike

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  #147 (permalink)
Banned: Rude and childish behavior
ny, ny
 
Futures Experience: Advanced
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Posts: 23 since Apr 2010
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I am new to Sierra Charts, been using Ninjatrader since v6 and have just switched to SC due to the death of Zen-Fire + NT at Mirus.

What I cannot find in SC is a feature to visualize trade performance like NT does:

GRAPHS:
    • Cumulative Profit
    • Daily Net Profit
    • Distribution
    • Drawdown
    • MAE
    • MFE
    • Monthly Net Profit
    • Weekly Net Profit
    • Trades Profit/Loss

Are there similar features in SC for the above trade performance/statistic graphs?


Last edited by user33; January 10th, 2014 at 03:53 PM. Reason: typo
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  #148 (permalink)
Elite Member
Georgia, US
 
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user33 View Post
Are there similar features in SC for the above trade performance/statistic graphs?


Trade Activity Log - Sierra Chart

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  #149 (permalink)
Banned: Rude and childish behavior
ny, ny
 
Futures Experience: Advanced
Platform: NinjaTrader
Favorite Futures: ES
 
Posts: 23 since Apr 2010
Thanks: 0 given, 8 received



Where are the GRAPHS in the Trade Activity Log?

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  #150 (permalink)
Elite Member
toronto/ontario/canada
 
Futures Experience: Intermediate
Platform: MC,TOS
Favorite Futures: currency,treasury
 
Posts: 31 since Jan 2012
Thanks: 1 given, 4 received


Go to Indicators,scroll down to Trading: Max run up Max draw down, etc in graphs on chart

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