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NinjaTrader' s Ecosystem vetting vendors
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Created: by sharmas Attachments:3

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NinjaTrader' s Ecosystem vetting vendors

  #21 (permalink)
Elite Member
Auckland
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: Zen-Fire
Favorite Futures: CL and ES
 
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Much Appreciated

Thank you Ray

Very interesting

I am a life time member and i have every right to question your selection criteria but its only done at company profile level and hence why we end up with so many cowboys and snake oil salesman on Ecosystem and therefore Ninja brings them on board in their webinars to show case their products and may be Ninja Trader will end up with few more members via it.


Thank you and enjoy your holiday and safe trip back home.


Sharmas

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  #22 (permalink)
Elite Member
Ventura, California
 
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I agree. The NT ecosystem has become a polluted jungle of charlatans and rip-off artists. In the latter case, it appears that many of them get their ideas and indicators from this forum and try to sell them on NT as their own original ideas! VWAP based products for example.

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  #23 (permalink)
Elite Member
Auckland
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: Zen-Fire
Favorite Futures: CL and ES
 
Posts: 710 since Apr 2010
Thanks: 3,720 given, 661 received

Thanks


Thanks

I totally agree and having them come to NT Webiniars is and can be seen as a rubber stamp but I am just a little guy and Ninja Trader is a giant

And Ray understands my sentiment but he has his turf to protect

Sooner or later with enough noise NT will need to clean up their ecosystem and have slightly better vetting system in place

Sharmas


sasnak View Post
I agree. The NT ecosystem has become a polluted jungle of charlatans and rip-off artists. In the latter case, it appears that many of them get their ideas and indicators from this forum and try to sell them on NT as their own original ideas! VWAP based products for example.


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  #24 (permalink)
Membership Temporarily Revoked
San Diego, California
 
Futures Experience: Advanced
Platform: NinjaTrader, Multicharts
Broker/Data: Optimus/Amp - CQG/Rithmic/IQ
Favorite Futures: NQ,TF,YM,CL,Options
 
UmBillyCord's Avatar
 
Posts: 73 since Apr 2014
Thanks: 27 given, 64 received

NT has let their vendor “ecosystem” get out of hand. Part of this can be traced back to their policy of preferential licensing to vendors. Right now if you can code some bullshit indicator and slap up a WordPress site you are a vendor.

In my opinion, NT has also mismanaged and whored out their email list to the point of it being worthless to legitimate partners. People will only watch so many crappy webinars with vendors that haven’t the slightest clue before they determine it is worthless.

As a businessman, I have never understood the idea of a “lifetime” license from a business perspective. To maintain reasonable cash flow you must charge an update or yearly fee of some sort to maintain and fund your development efforts. Their subscription model provides part of this needed cash flow, but I am sure it is not enough.

NinjaTrader didn’t go out and buy an IB because they are your friend. My guess is that they needed the cash flow the brokerage would provide to bring their latest version to market.

They also wanted to “close” their ecosystem so they can get more of your wallet. The new policy of not allowing connections to new licensee’s that are not using NT Brokerage is proof of that.

An earlier poster was of the opinion that the futures.io (formerly BMT) community could replace vendors by developing and coding their own indicators. That would be extremely funny if it wasn’t so misguided. From what I read here when I stop in, 90% don’t really have a clue how the market even operates, let alone the knowledge needed to create a system to trade real money and make real profits.

I would venture an educated guess that 80% or better of the posters here are SIM market assassins trading overly complicated “systems” that don’t provide a true edge. Even a blind mouse finds some cheese every once in a while.

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  #25 (permalink)
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The average lifetime of a trader that purchases NT is around 4-6 months in the futures marketplace, I would venture...

The free users (Sim) are the real drain on NT from a support perspective, not the lifetime customers.

Naturally there are outliers and exceptions. If the lifetime model wasn't proven, they wouldn't continue it.

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  #26 (permalink)
Membership Temporarily Revoked
San Diego, California
 
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Big Mike View Post
The average lifetime of a trader that purchases NT is around 4-6 months in the futures marketplace, I would venture...

Ok, I forgot the “selling the dream” model.

Using your numbers, they are dangling a reduced commission rate as bait to sell the lifetime license to people that will blow out their account and give up in a few short months. Since the license is non-transferrable it’s a win-win for them.

I am not aware of any other broker that is using this method. You either get a free, or greatly reduced, lease for using a platform with only their brokerage or your buy your platform outright and use any combination of brokers you wish to use.


Big Mike View Post
The free users (Sim) are the real drain on NT from a support perspective, not the lifetime customers.

They have created this environment. They promote vendors who know nothing about trading,
so what kind of a customer is that going to attract and create? If you are wrong fundamentals, you trade for a day and then stare at the screen for 21 days calling the ninja support 24/7.

I am sure the model of 1K works, but they are a brokerage now and should act like a brokerage. Show me ONE brokerage that charges a life time license for their software, sadly this also commits people mentally even if a better solution comes along.

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  #27 (permalink)
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Chicago, Illinois
 
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UmBillyCord View Post
I would venture an educated guess that 80% or better of the posters here are SIM market assassins trading overly complicated “systems” that don’t provide a true edge.

Nailed it.

Around 5% move the market. 10% try to follow the 5%. The rest provide liquidity.
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  #28 (permalink)
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Good on you Ninja Trader

As of today @NinjaTrader has a new partner
KSqueeze Trading System
And for all members this is no one but Scott Morris from the Oil Money and looks like he will go to any length to make money off people and his system is nothing but few indicators and I am going to call it out here that the Squeeze indicator would have been taken from futures.io (formerly BMT)

Come on Ninja Trader have bit of sense and responsibility left towards the due diligence and social responsibility

How is your vertting system and process works is very questionable

Sharmas


Last edited by sharmas; September 5th, 2015 at 08:52 PM.
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  #29 (permalink)
Market Wizard Apprectice
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haha, yeah Sharmas! Good call.....when i saw that I immediately though it was EXACTLY like the Pivot Scalper and wondered if the programmer or somebody inside made another site. But didn't think that Scott himself would do so.

Ps. I don't have any of his products and never will...he must really need the sales, lol!

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  #30 (permalink)
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sharmas View Post
As of today NinjaTrader has a new partner
KSqueeze Trading System
And for all members this is no one but Scott Morris from the Oil Money and looks like he will go to any length to make money off people and his system is nothing but few indicators and I am going to call it out here that the Squeeze indicator would have been taken from futures.io (formerly BMT)

Come on Ninja Trader have bit of sense and responsibility left towards the due diligence and social responsibility

How is your vertting system and process works is very questionable

Sharmas

Post the evidence and mention @NinjaTrader so they have a chance to respond

Sent from my phone

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

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