Ninjatrader vs. Metatrader for Backtesting and Realtime Analysis FX

July 15th, 2010, 11:27 AM

Hi,

I am looking for inexpensive solution just to test basic trading ideas for the FX market. I don’t need the platform for trading but I’d also like to do my analysis on this platform which is currently working well with Metatrader.
As I am a newbie in programming I need to know which platform is better for my purpose and so what language (C# or C++) I’ll have to learn.
The timeframes I’d like to test are daily, 4h and scalps off a 15min chart (about 15-20 pips). Currently I prefer somewhat Ninja because I saw that there are better market profile indicators available than for Metatrader.

What are the differences and pros and cons for each platform? I’ve read MT isn’t that great for backtesting, especially for smaller timeframes. Does this affect NT too? Is MT5 better than MT4 for backtesting?

I don’t know if it makes sense but I’ve read that tick volume of an ECN feed is quite reliable for volume analysis in FX. So is it possible to use a Metatrader ECN feed for NT?

Thanks in advance!
Janson

July 17th, 2010, 03:08 PM

Anyone?

I think a big advantage for NT is C# as coding language.
But doesn’t MT caught up this advantage with its new version MQL5?
What can I do with NT what MT5 can’t?

What I consider as further disadvantages of NT:
- bound to GAIN demo feed
- still buggy (especially for newbies hard to figure out)

But NT still has better market profile and volume indicators which I like.

So what’s best to learn for a total programming newbie? MQL4, MQL5, C#/NT…

January 3rd, 2012, 09:23 PM

You are probably long gone by now.

If you trade currencies, then in my opinion MT4 is the much better option.

However, if you trade commodities (financial, currency etc..) then NT is the best platform in my opinion. I haven't tried too many others besides TradeStation which actually does a good job between both.

January 31st, 2012, 11:32 AM

bluemele

You are probably long gone by now.

If you trade currencies, then in my opinion MT4 is the much better option.

However, if you trade commodities (financial, currency etc..) then NT is the best platform in my opinion. I haven't tried too many others besides TradeStation which actually does a good job between both.

why would mt4 be the better option for fx spot? what am i missing using NT mostly for those? do you mean just wider brokerage support?

Ninjatrader vs. Metatrader for Backtesting and Realtime Analysis FX

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Ninjatrader vs. Metatrader for Backtesting and Realtime Analysis FX