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Best alternative to NinjaTrader ?


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Best alternative to NinjaTrader ?

  #11 (permalink)
 
Virtuose1's Avatar
 Virtuose1 
Montreal, Qc, Canada
 
Experience: Advanced
Platform: NinjaTrader 7
Broker: Interactive Brokers
Trading: ETF
Posts: 58 since Jun 2011
Thanks Given: 142
Thanks Received: 41


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 you’re right and it is now possible to only use their trading platform which seems a great alternative to NT. I’m getting more and more excited at the idea of saying bye forever to NT.....


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  #12 (permalink)
 
Virtuose1's Avatar
 Virtuose1 
Montreal, Qc, Canada
 
Experience: Advanced
Platform: NinjaTrader 7
Broker: Interactive Brokers
Trading: ETF
Posts: 58 since Jun 2011
Thanks Given: 142
Thanks Received: 41


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

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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.


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  #13 (permalink)
 
rlstreet's Avatar
 rlstreet 
Arnhem, The Netherlands
 
Experience: Intermediate
Platform: NinjaTrader, Zorro
Broker: RCG/Continuum, IB, Oanda
Trading: Futures: FDAX, GC, ES, CL also: FX, CFD, ETF
Posts: 80 since Aug 2012
Thanks Given: 47
Thanks Received: 86



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.


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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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  #14 (permalink)
 
xiaosi's Avatar
 xiaosi 
Brisbane, Queensland, Australia
 
Experience: Advanced
Platform: JIGSAW/SIERRA CHART
Broker: MacQuarie Futures/AMP Clearing/CQG
Trading: HHI, HSI, FDAX
Posts: 502 since Feb 2012
Thanks Given: 448
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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)
 
Virtuose1's Avatar
 Virtuose1 
Montreal, Qc, Canada
 
Experience: Advanced
Platform: NinjaTrader 7
Broker: Interactive Brokers
Trading: ETF
Posts: 58 since Jun 2011
Thanks Given: 142
Thanks Received: 41


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. I’ll have run both in parallel the time I get use to it and then will happily drop NT....


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  #16 (permalink)
HawkMark
PARIS, FRANCE
 
Posts: 5 since Jun 2018
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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)
 balance 
Taiwan
 
Experience: Intermediate
Platform: TOS, Matlab
Broker: IB, ToS
Trading: HSI, TF, CL
Posts: 17 since Aug 2011
Thanks Given: 5
Thanks Received: 11

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)
LaissezFaire
Oslo + Norway
 
Posts: 224 since May 2016
Thanks Given: 224
Thanks Received: 104

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)
 
bobwest's Avatar
 bobwest 
Western Florida
Site Moderator
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
Frequency: Several times daily
Duration: Minutes
Posts: 8,162 since Jan 2013
Thanks Given: 57,341
Thanks Received: 26,267


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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  #20 (permalink)
 FinTurtle 
Helsinki
 
Experience: Advanced
Platform: NT, cTrader, MT
Trading: ES mini, fx
Posts: 5 since Sep 2019
Thanks Given: 0
Thanks Received: 1


Same here. I'm having constant connection issues with NT8 that i do not have with any other platforms. Also since I have the free version it is pretty much useless for trading as it doesn't even have OCO orders! I beleive NT is on its way down and will be wiped out in comming years.

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