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


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

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  #201 (permalink)
 awesomizer 
Portage, MI
 
Experience: Intermediate
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patricia View Post
years later, any updates on this topic? how about your opinions and experiences in year 2020 when comparing SC to NT ?

would like to know too

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  #202 (permalink)
Kuuluud
Revali, EE
 
 
Posts: 43 since Aug 2015
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Words that come into mind when describing SC are speed, stability and customization.

Firstly, compered to Ninja, SC does not support other known data feeds like Rithmic/CQG/IB. If you are not looking to migrate to Denali data feed, then you are not going to have good time when problems occur. You will get zero support.
On the personal note, I have been using Denali data feed + SC order routing for a long time now. I have not run into any issues so far. Price tag is the same as Rithmic/CQG.

Secondly, one good plus for SC is all the well know indicators are free. Compered to Ninja, where you have to buy the indicators from content creators, SC has default library for almost all known studies. Most of the studies have source code available if you are into C++ and you can modify them freely or build on them.
Just like in Ninja there are content creators who build custom advanced indicator/auto-trading packages.

Thirdly, one of the bigger selling points for me was Spreadsheet Studies. This is basically Excel in SC, that support the same types of formulas as Excel and Calc. I can do real time data manipulation and build custom studies and advanced alerts without writing the code in C++.

SC is not as user friendly as Ninja. But over last few years the SC documentation has improved tremendously and almost all topics are covered in great detail.

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  #203 (permalink)
 Trembling Hand 
Melbourne, Land of Oz
 
Experience: Advanced
Platform: Sierra Chart, CQG
Broker: CQG
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I tried both back in the mid 00's. And went with NT because well it was free to sim and it looked nicer. As I advanced I purchased a few licences and and invested a considerable amount in coding. Both time of my own learning C# and paying for coding. But it was never good enough. Time after time something would happen performance related. Corruption of worksheets, histo data get trashed etc.

Of the things that its actually better at than SC it only promises to be better with an option that doesn't actually work. For example the strategy testing. It explodes memory use then crashes on anything slightly complex or long. It seems like the NT engineers don't understand what high performance is in relation to trading.

The last straw for me was NT8 release. It was promised to be much more but actually was far less. The change from minimum refresh rate of NT7 100 ms to NT8 250 ms was the dumbest thing I have seen in a trading software update in 20 years of using platforms. It was an admission of failure and giving up on NT performance from NT!!! There is a thread on NT forum started in 2017 with 128 post at last count asking for this to be fixed...... nothing!

Mean while SC,

I run three live instances on the same computer (you cannot do that with NT)

On another computer at the same time I use one of the same licences to do testing while my other systems run live. It can connect to the live SC instance and get histo data or download new data. Cannot to that with NT.

Some charts and DOMs are sub 100ms refresh rate.

All three instances take up less computer resources combined than 1 NT.

One instance of SC has 52 charts open with each chart approx 4000 lines of custom code sending data to an outside application and has never crashed or lagged!!

The histo data that SC store is easy accessed outside of SC. Good luck reading NTs binary data!!!!!

C++ rocks


At first SC Documentation and user interface seems bewildering but once you start to learn how its laid out the complexity is because of the massive amount of customisation of SC. I guess you cannot have huge options and simple docs.

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  #204 (permalink)
 SBtrader82 
Rovigo (ITALY)
 
Experience: Intermediate
Platform: SierraChart, MotiveWave
Broker: Rithmic, Dorman, Interactive Brokers
Trading: Emini, Nasdaq, DAX, Bund, IBEX
 
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I tried Ninja several times but I didn't like it. For some reason I just didn't click with it.
Sierra was really a struggle at the beginning and I hated it, everything seemed so complicated but I could see its potential since I could customize many indicators. After a couple of months I was very familiar with Sierra and after years I can say I know the platform inside out.
So I decided to stick with Sierra and I love it.

However I want to add something to this discussions: don't stick to just one platform, changing platforms or trying out different ones like Tradovate, Multichart, Tradestation etc.... is actually very useful. The way a platform is build will impact your perception of the market and trying out different platforms can give you a different perspective. One platform may solve some of your problems or highlight problems that were not visible and this can help you to go forward.

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  #205 (permalink)
 Cloudy 
desert CA
 
Experience: Intermediate
Platform: NT7, SC, ToS
Broker: AMP, DT, TDA
Trading: CL,NQ,YM
 
Posts: 2,135 since Jul 2011
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Kuuluud View Post
Firstly, compered to Ninja, SC does not support other known data feeds like Rithmic/CQG/IB.

Maybe where you're at, those feeds aren't available with SC? Because I've seen or have been able to use SC with CQG and Rithmic, and have heard of others using SC with IB who don't want to just use IB's clunky TWS.

example:

I have NT7 lifetime, and it still has the decent graphics and visual clarity where I also have some custom indicators I haven't yet gotten to or been able to translate to Sierracharts and c++. And unfortunately TDA has stopped supporting their long time feed for NT7 last year. I like SC's basic dom ladder depth. And yes, I'd agree it's easy to put multiple instances of SC on the desktop with a light memory usage compared to a single session of NT7 which can quickly bog down a chunk of the system resources with multiple windows and indicators. Hopefully I'll get better at coding for SC and be able to be ready to move completely to SC from NT someday if there is a need to.

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  #206 (permalink)
 SBtrader82 
Rovigo (ITALY)
 
Experience: Intermediate
Platform: SierraChart, MotiveWave
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Cloudy View Post
Maybe where you're at, those feeds aren't available with SC? Because I've seen or have been able to use SC with CQG and Rithmic, and have heard of others using SC with IB who don't want to just use IB's clunky TWS.

example:

I have NT7 lifetime, and it still has the decent graphics and visual clarity where I also have some custom indicators I haven't yet gotten to or been able to translate to Sierracharts and c++. And unfortunately TDA has stopped supporting their long time feed for NT7 last year. I like SC's basic dom ladder depth. And yes, I'd agree it's easy to put multiple instances of SC on the desktop with a light memory usage compared to a single session of NT7 which can quickly bog down a chunk of the system resources with multiple windows and indicators. Hopefully I'll get better at coding for SC and be able to be ready to move completely to SC from NT someday if there is a need to.

yes Sierrachart supports many different datafeed but as far as I know they dropped Rithmic. If you use old versions of Sierra Rithmic still works but they offer no support, I think there were some isssues also with CQG.
Sierrachart's policy is quite clear, they are pushing clients to use their datafeed. I must say that their datafeed is excellent so there is no reason to use others'.

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  #207 (permalink)
 scalpiranha 
Stuttgart + Germany
 
Experience: Advanced
Platform: Sierra Chart
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SBtrader82 View Post
yes Sierrachart supports many different datafeed but as far as I know they dropped Rithmic. If you use old versions of Sierra Rithmic still works but they offer no support

I use the newest version of Sierra. No problems with Rithmic. Up and sound.

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  #208 (permalink)
 SBtrader82 
Rovigo (ITALY)
 
Experience: Intermediate
Platform: SierraChart, MotiveWave
Broker: Rithmic, Dorman, Interactive Brokers
Trading: Emini, Nasdaq, DAX, Bund, IBEX
 
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scalpiranha View Post
I use the newest version of Sierra. No problems with Rithmic. Up and sound.

Really? I used to trade with Rithmic and topstepTrader with sierrachart and I was forced to change platform because Sierra said would not offer support with Rithmic anymore. I wonder what happened, maybe their issue was with TST.
Thanks for the information anyway.

SAM

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