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Best alternative to NinjaTrader ?
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Best alternative to NinjaTrader ?

  #11 (permalink)
Montreal, Qc, Canada
 
Trading Experience: Advanced
Platform: NinjaTrader 7
Broker/Data: Interactive Brokers/Kinetick
Favorite Futures: ETF
 
Virtuose1's Avatar
 
Posts: 52 since Jun 2011
Thanks: 137 given, 34 received


TraderDoc007 View Post
I live in Canada and and have had my accounts for years with them. They stopped accepting Canadian accounts a while back when Canada made it too onerous from a reporting perspective. You might still be able to open a futures account with them - I'm not too sure. I know you can't open a stock account. You can use the platform without a brokerage account - I think it's around $250/month - but their support could fill you in on all the details.



Many thanks TraderDoc. I sent an email to TradeStation to see what are the options for Canadian but I think youíre right and it is now possible to only use their trading platform which seems a great alternative to NT. Iím getting more and more excited at the idea of saying bye forever to NT.....


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  #12 (permalink)
Montreal, Qc, Canada
 
Trading Experience: Advanced
Platform: NinjaTrader 7
Broker/Data: Interactive Brokers/Kinetick
Favorite Futures: ETF
 
Virtuose1's Avatar
 
Posts: 52 since Jun 2011
Thanks: 137 given, 34 received


rlstreet View Post
If you are an algo trader you can try Zorro, has a lot of analytical features, but graphically really basic. More for quantish trading. Has IB bridge. For ETF, FX, CFD I have switched from NT7 to IB/Zorro for futures I still trade NT7

Sent using the futures.io mobile app



Thanks RLSStreet. I had a look at their website. The features seems to be quite interesting but how robust is the overall platform ? I didnít want to be the one debugging NT8 so I wonít go to the nightmare of converting all my algos and indicators on a platform that is not robust.


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  #13 (permalink)
Arnhem, The Netherlands
 
Trading Experience: Intermediate
Platform: NinjaTrader, Zorro
Broker/Data: RCG/Continuum, IB, Oanda
Favorite Futures: Futures: FDAX, GC, ES, CL also: FX, CFD, ETF
 
rlstreet's Avatar
 
Posts: 28 since Aug 2012
Thanks: 20 given, 20 received



Virtuose1 View Post
Thanks RLSStreet. I had a look at their website. The features seems to be quite interesting but how robust is the overall platform ? I didn’t want to be the one debugging NT8 so I won’t go to the nightmare of converting all my algos and indicators on a platform that is not robust.


Sent from my iPhone using futures.io

Problem I have with NT7 is that it has a lot of troubles picking up trades after connection lost or weekend. Also the strategy stats sucks, has tendency not to keep a accurate bookkeeping in aggregating executions to trades.

In this respect Zorro is far more robust.

Zorro has also capability to hookup R and soon also python so you can have the whole analytical, machine learning world at your disposal. I use R bridge in a relatively high frequency algo and it functions perfectly under these conditions. So perfect functionality for algo traders also taken in account it has a lot functions to prevent curve fitting / datamining bias

An other pro is that the product is actively maintained, new features, bug fixing. You know that problems are going to be fixed. And the product is way faster, and way cheaper btw.

Downsides of the product: learning curve was high, and there are not a lot of examples. Makes it hard. But I must admit that the learning curve also had to do that I use capabilities that weren't possible on NT so lot of new stuff. I took a course and that helped me a lot.

Support is okish, people know what they are talking about, but I joined an active Zorro community which also provided the course, they are willing to help you out with all kinds of stuff, coding, analytical, fundamentals. I really learned a lot in this respect.

If you're depending on TA stuff this product is not the way to go, it has basic and non dynamic plot possibilities: good enough for analytics but no go for TA people. On the other hand the product supports a lot of indicators.

Zorro has also a basic set of order types, stop, market, limit, oco but that's about it.

With NT7 I had to use TWS as bridge to IB, with Zorro you can use IBgateway, less heavy.

So my advice: if you want an easy transition from NT to Zorro perhaps this is not the way to go because of the high learning curve. But if you are looking for extra analytical capabilities, more speed and robustness and you have the patience to endure some transition issues this is definitely a way to go.





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Last edited by rlstreet; July 29th, 2018 at 04:25 AM.
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  #14 (permalink)
Brisbane, Queensland, Australia
 
Trading Experience: Advanced
Platform: JIGSAW/SIERRA CHART
Broker/Data: MacQuarie Futures/AMP Clearing/CQG
Favorite Futures: HHI, HSI, FDAX
 
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Posts: 509 since Feb 2012
Thanks: 431 given, 516 received

I used nt7 and nt8 for a combined 7 years and tossed it out ( one of the original dual broker licenses fully owned) for Sierra Chart about two months ago. It took me about a week to get used to the functionality behind it, but now I absolutely love it....

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  #15 (permalink)
Montreal, Qc, Canada
 
Trading Experience: Advanced
Platform: NinjaTrader 7
Broker/Data: Interactive Brokers/Kinetick
Favorite Futures: ETF
 
Virtuose1's Avatar
 
Posts: 52 since Jun 2011
Thanks: 137 given, 34 received


xiaosi View Post
I used nt7 and nt8 for a combined 7 years and tossed it out ( one of the original dual broker licenses fully owned) for Sierra Chart about two months ago. It took me about a week to get used to the functionality behind it, but now I absolutely love it....



Thanks Xiaosi. Based on everything I read and heard so far, it seems that indeed Sierra is the way to go. Iíll have run both in parallel the time I get use to it and then will happily drop NT....


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  #16 (permalink)
PARIS, FRANCE
 
Trading Experience: Intermediate
Platform: TT WEB
Favorite Futures: Emini
 
Posts: 5 since Jun 2018
Thanks: 0 given, 13 received


Virtuose1 View Post
After many years using NinjaTrader 7 for my automated day trading (with a Kinetick data feed, trading on Interactive Brokers), I'm seriously thinking about switching all my algos from NT to another platform:
- Their customer service has deteriorated over the years, is now very weak, providing generic and often wrong information
- Their affiliation with Kinetick makes them lousy at implementing basic improvements such as access to the latest IB TWS version (which now has improved Tick data)
- They took forever to launch NT8 yet not sure how stable it is for live trading and the migration path from NT7 remains fairly painful
- Etc

I'd be interested in other traders view on the best alternatives. My two key requirements are the ability to perform Automated Trading and Interface with InteractiveBrokers. Many thanks.

Try TT web from trading technologies. Execution is super-fast and there are more than enough features to be a good trader: amazing order book and great execution times.

I also love the Traders Analytics feature within it which allows you to see the stats of all your trades per instrument. An amazing source of insights!

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  #17 (permalink)
Taiwan
 
Trading Experience: Intermediate
Platform: TOS, Matlab
Broker/Data: IB, ToS
Favorite Futures: HSI, TF, CL
 
Posts: 17 since Aug 2011
Thanks: 5 given, 11 received

It's been a while I visited here, but the comments are so relevant and to the point,
both in terms of the NT disappointments, Sierra Chart's being small and neat, but the UI and documentations are from 19th century! I loved the comments of whoever did this should be *slowly* strangled!

Lastly special thanks to rlstreet on Zorro, looks very promising as it has R/python native support, good directions toward emphasizing data analysis, modeling and possibly expanding to using the latest 'machine learning' algos, etc.

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  #18 (permalink)
Oslo + Norway
 
Trading Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES
 
Posts: 173 since May 2016
Thanks: 175 given, 78 received

Yep. Sierra's ancient UI actually killed it for me. Still with NT8, but not very satisfied I'll admit. NT7 was better for me.

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  #19 (permalink)
Sarasota FL
 
Trading Experience: Intermediate
Platform: NinjaTrader, Sierra Chart
Favorite Futures: ES, YM
 
Posts: 4,785 since Jan 2013
Thanks: 35,787 given, 15,936 received


balance View Post
Sierra Chart's being small and neat, but the UI and documentations are from 19th century! I loved the comments of whoever did this should be *slowly* strangled!

Glad you liked them.

I still think so, and I still use Sierra over Ninja. Functionality prevailed.

Bob.

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