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

  #41 (permalink)
in a meditative state...
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josh View Post
... But at this point, ninja feels kind of like a big, bulky wrestler who can be powerful but lethargic, whereas Sierra is more like a lean, mean Bruce Lee kind of fighter. The bottom line is, I can tell that Sierra's programmers actually know what they're doing--they seem to pay attention to detail, and the result is a fast, lean, powerful application.

I see things this way, MD, IRT, SC, are all platforms directed to profiling, order flow tools in general whereas NT, MC, and others were all built before those tools became popular. Their attentions was towards MACD's, RSI's, SO's, ADX's, MA's and alike. I'm sure that the majority of their clients continue to program stuff using those indicators.

For them to change shift, MC for example, needs to make significant changes to their platform (I'm using their own words) so they can retain the necessary data to calculate bid/ask volume delta, footprint and even volume profile.

So they tend to be very slow changing gears. I think every software house has problems when it needs to make structural changes to their platform. The consequences towards the overall performance might be unpredictable.

Platforms that were built to receive the necessary data can easily add new tools, new functions to their platform. That's why IRT and SC have become so well known. They are able to generate upgrades within days and SC is even able to generate within hours.
For this to happen, and of course we are talking about very small changes, the platform shouldn't be very complex in terms of code. If I remember correctly, I read that that MC has 6 millions lines of code. That is something beyond my imagination. For you to change your platform structural and make sure that everything continues to work properly shouldn't be a very easy task to do. Certainly that should be one of the reasons of their slowness in applying some features and of course their own agenda that is usually contrary to their users.

Surely that NT suffers from the same problem.

Meanwhile, due to their slowness, we search elsewhere. Some end up ditching these old platforms, others continue using both since they compliment each other because, lets face it, it's impossible to have every single tool in one platform. We'd like to, it would be cheaper and no time wasted on learning how to work with the new platform.

If I become half a percent smarter each year, I'll be a genius by the time I die

Last edited by arnie; August 23rd, 2012 at 08:17 AM. Reason: typo
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  #42 (permalink)
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Nicolas11 View Post
@josh,

Whaou... Thanks a lot for this extensive review. I am a bit new to SC but I have "challenged" the platform a lot (charting & programming). I totally support your assessment (only the SC part, since I do not know NT).

My big problem now is... When I began to work with SC, I wanted to write a review MC vs SC. But you have now put the standard for such exercise so high!

Thanks again,

Nicolas

Agree, thanks for the great review/comparison of SC vs NT Josh. Nicolas, looking forward to an equally great comparison from you on MC vs SC.

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  #43 (permalink)
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SC is much faster than NT, and has much more features to make trade easier, such as combining DOM with Chart, so quick to enter order on chart.

As of customer service, NT sounds much better, their customer service always thank you so much for your question, however, they can't solve the problem, because they are not technician, if you request a feature, they will forward your request to development department, and you never know when they will do it, three years later it is still an open question.

In SC, looks like the technician support the forum, if they think the feature is helpful and reasonable, they do it right away, may be 5 days later they come up new release with the new feature. Yes, they never like NT so polite, and they even ask the customers not posting Thank You for service they provided, their service just straight to the point.

By the way, I am ready to open account with Mirus, seems like SC does not support Zen Fire officially, but they may work. So anyone here has account with Mirus and trade through SC? How does it work?

Thanks a lot.

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  #44 (permalink)
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manualtrader View Post
SC is much faster than NT, and has much more features to make trade easier, such as combining DOM with Chart, so quick to enter order on chart.
Thanks a lot.

Could you please elaborate on how SC is much faster than NT, and what are the other many more features it has to make trading easier/quicker, like in your example of DOM on chart?

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  #45 (permalink)
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itrade2win View Post
He uses X-trader for his DOM and suggested that I use SC for charting and NT for order execution.

Why not use SC for DOM/execution as well? Does NT have anything over SC in this regard?

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  #46 (permalink)
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artemiso View Post
- SC uses native C++, which is faster and uses less system resources for a given function on C#, for algorithmic trading or indicators

I'm not going to add these two above as they are hearsay, but I will like to confirm with you guys if it's true: I've heard that SC is more stable, not sure if that is true. SC also claims to be optimized for multi-core CPUs, not sure if that is true.

Does the faster/more efficient native C++ come into play only for custom programming, or all aspects of using the platform, including charting/trading/DOM?

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  #47 (permalink)
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Nicolas11 View Post
@arnie,

I think that I will never come back to MultiCharts (I am not talking about MC .NET). Once more, I am not in position to compare with Ninja Trader, that I have never used.

Nicolas

Could you please share your thoughts as to how it compares with MC and why you would never come back to MC?

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  #48 (permalink)
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Private Banker View Post
Sierra is an excellent platform and far superior than most available. I left NT quite a while back and could not be happier with Sierra. I was evaluating between Market Delta and Sierra and went with Sierra for a variety of reasons.

Could you please share why you think its far superior, and the variety of reasons you chose it for?

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  #49 (permalink)
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arnie View Post
Abandon MC and move entirely to SC? Damn, I really can't see how can a person get to that stage in their life

Although you programmers look at a platform differently as we, common humans do

Being a common human/non programmer, would love to hear your reasoning behind not being able to see why one would choose SC over MC.

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  #50 (permalink)
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josh View Post
[*]Fast development cycle, new features -- case in point, with the DOM changes released last night. Users were asking for it apparently around late June or July, and here it is Aug 22 and they're done.

Sierra is not without its faults. Here is my list:
  • DOM and chart trading -- As mentioned above, the DOM needs a bit of an upgrade in aesthetics though it is not bad.
  • Sessions -- SC does not have good support for different sessions for products. Yes, you can define an evening session in a chart, but many studies (such as previous OHLC, for example) do not take into account RTH hours and certainly there is no way to create multiple sessions (like Crude oil would want to have).
  • Data storage -- SC can store both tick data and minute data in the same data file for a product, but not for the same time period. Unfortunately if I want to open, say, a 240m chart (where tick data would be irrelevant for most cases), and I have 100 days of tick data, then that's what is used to create the chart. I have to have a separate copy of SC that has minute data if I want to reduce chart load time. NT has the ability to store tick, minute, and daily data for the same time period, thus it can use tick data for tick-based charts such as range/volume, and minute data for minute-based charts such as hourly charts.

With their fast development cycle, have you or others asked SC to fix or improve the issues you have found in these areas? With the feedback we've read on quick updates, I would think they could make some of these simple improvements relatively easily/quickly by now?

What has their response been to each of the issues mentioned: DOM aesthetics to be more competitive with the other options like NT, MC, TT etc, general platform aesthetics, ease of usability of the platform, improving chart trading, custom sessions, data storage?

Also, can you elaborate on what you mean when you say the ability to create multiple sessions, like crude would want to have?

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