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Forex on NinjaTrader

  #1 (permalink)
 eone 
Toronto, ON
 
Experience: Beginner
Platform: NinjaTrader
Posts: 108 since Sep 2009
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Does anyone uses NinjaTrader for Forex? What broker options do we have?

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  #3 (permalink)
 
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eone View Post
Does anyone uses NinjaTrader for Forex? What broker options do we have?

NinjaTrader supports the following for FX:

- Interactive Brokers
- MB Trading
- GAIN Capital/FOREX.com
- PFGBEST.com
- GFT (adapter going into beta right now)

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  #4 (permalink)
gracepips
Northern Ireland, UK
 
Posts: 68 since Dec 2010
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I have an account with MB Trading and tried to get NT7 and MBT working together. I found this mix to be sluggish with the charts taking too much time to change and update. Also if you use range bars like I do the MBT data feed is not up to the job. So all in all I was not that impressed but maybe the fault was on my end?

After doing some detective work (LOL) Interactive Brokers seemed to be the best solution. Though their smallest lots size is $25,000.

A guy called Forexbird use the the NT / IB mix and he scalps on a 3 range timeframe with the eur/usd and he is very happy from what I can glean reading some of his historical posts. Hope this help......

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  #5 (permalink)
 MetalTrade 
 
Posts: 1,055 since May 2010

Hello, you can also use the best FOREX broker on this planet DUKASCOPY with ninjatrader.

You need to use DTN Bridge 3rd party but it works, even with the free paper trading account from dukascopy.

Nobody beats the commissions from dukascopy, if you're on forex, you need to be with dukascopy. period.

Dukascopy [AUTOLINK]Ninja Trader[/AUTOLINK] Bridge

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  #6 (permalink)
 
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 sam028 
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MetalTrade View Post
Hello, you can also use the best FOREX broker on this planet DUKASCOPY with ninjatrader.

You need to use DTN Bridge 3rd party but it works, even with the free paper trading account from dukascopy.

Nobody beats the commissions from dukascopy, if you're on forex, you need to be with dukascopy. period.

Dukascopy [AUTOLINK]Ninja Trader[/AUTOLINK] Bridge

But you have to like Russian roulette.
Everything can be coded in C#, but many things are not documented and not supported by NinjaTrader, which means the developer has to be very very cautious with what he's doing, and avoid making what we use to call in French an "usine à gaz" (a gas plant).
A tool like that is just too risky to be used with real money, a very bad R/R ratio here, imho.

If you want to use NinjaTrader for Forex, use IB, MBT, or any other good supported broker.
If you want to use DukasCopy, use Duka's tools, or any other good software, like the free MultiCharts DT.

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  #7 (permalink)
 
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 Trankuility 
California
 
Experience: Intermediate
Platform: FxTrade/Ninjatrader
Broker: Oanda/MBT
Trading: Eur/Usd
Posts: 269 since Jan 2011
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I use MBT with NT7. Trade EurUsd. I also use 3 range bars and NT has had a bunch of problems with tick data which prevented the range bars from displaying properly. But seems to be working fine now.

Anyway, if you have the option to record and store/record data turned on in NT, try turning it off. That has sped things up for me quite a bit.

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  #8 (permalink)
 
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 LukeGeniol 
Italy (IT) Italy
 
Experience: Advanced
Platform: ATAS, R|Trader, NT8
Broker: Rithmic
Trading: CL, Brent, GC, TF
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sam028 View Post
But you have to like Russian roulette.
Everything can be coded in C#, but many things are not documented and not supported by NinjaTrader, which means the developer has to be very very cautious with what he's doing, and avoid making what we use to call in French an "usine à gaz" (a gas plant).
A tool like that is just too risky to be used with real money, a very bad R/R ratio here, imho.

If you want to use NinjaTrader for Forex, use IB, MBT, or any other good supported broker.
If you want to use DukasCopy, use Duka's tools, or any other good software, like the free MultiCharts DT.

For trading with Dukas on MC you need a $100k account.

Take your Pips, go out and Live.
Luke.
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Last Updated on March 27, 2011


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