Ninja Trader or MT4

I like NJ because of its easy to learn C# programming language and its customizable features. But NJ is littered with bugs. NJ 7.0 is no better than NJ 6.5 especially when it's not compatible with any chart templates or workspaces created in 6.5 but it is compatible with Window 7 SP1.

Will check out the other softwares that are suggested here.

For me it is easier to code for Multicharts than for NT (although I started as a NT trader first), but you can easily find traders who think the opposite. It is a matter of individual preferences.

You need to try both platforms to see which suits you better. No other trader can tell you what is easier or better for you.

I tested ver. 7 alpha. It wipes the floor with NT. The offical ver. 7 is to be released in two days - that's what their roadmap says.

The only differences between paid version of MC and free verion of MC is that you cannot create custom indicators and strats in the free version, but you can still execute manual trades and algo trades based on built-in strats.

was ninja free for forex broker? i think they were with gain, as this been cancelled now?

I played with NT6/7 for months, writing code and what not to learn the software.

But when I came to actually trade and found that the Patsystems Broker needed to restart their server every night and NT7 couldn't recover the connection without needing to be shut down I never used it again.

MT4 might be simple but that's the advantage; you can manipulate it with scripts, DLLs and so forth. There's been no problem I haven't been able to solve myself with a bit of code.

NT7 may have more complexity and inbuilt logic but that locks you into using that complexity.

At the end of the day MT4 suits me because of my trading style. In the same way one's trading style suits their personality, no doubt the trading software suits their trading system too. And that's why there's so much division over software

the truth of the matter is that MT4 is so popular that Metaquotes has basically worked out most script issues. However it still remains MT4, slow, dealing desk based software and hated by all brokers...
The real issue is not programming a strategy in MT4, but finding a broker that will let you run the strategy the way you've intended it, and if you're lucky to find one, well sooner or later that broker will do anything to make sure you will not run it too successfully. Just read the thousand of posts on FF
I'm still surprised to see that most traders keep on insisting to find the holy grail broker/MT4 combination... and they will never find it. MT4 is great to sell spectacular trading systems, show incredible performance, design complex strategies, but when it comes to trading live it's all useless because it's MT4. Has anybody ever wondered why there isn't a single broker offering real exchange traded products like Stocks or Futures on MT4 (not CFDs)? Because it would never work in the real world.
If you want to trade forex seriously then get a real platform API like currenex (or similar) and design your strategy and if you can program in MQL4 than you can program in C#.

Hi All,

I always thought that Ninjatraders is a good and reliable trading platform until recently my very old good friends had hell lots of issue with them.To keep it short, they are not provide good data feed to the clients who actually bought the license with them. Guess what, these people even attempt to "squeeze" extra cash out from these poor helpless traders, by asking them to pay extra fee for good data feeding. These charges is on monthly basis some more!!! I am shock and ask myself why not switch back to MT4 and trade happily?

To prove what i am trying to say please read the email dialog :


Email from ninjatrader
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Subject: RE: FXpro does not follow the quotes of charts and time & sales {524650}


Hello,

Alright. Really not sure how this could happen and I checked with development. At this point they would need for me to replicate the problem on my end.

The data feed is the data feed so I do not beleive that the FX pro window matters if you use live or not.

However what I am interested in is this the first time you have seen this happen in 8 years?

I look forward to assisting you further.


Sincerely,
Brett Barrett
NinjaTrader Customer Service


Email from Victims
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Subject: Re: Thinking process FXpro does not follow the quotes of charts and time & sales {524650}

Hello Brett, Ray and Developers

After a night sleep, here are my thoughts about what happen to Ninja, I hope this helps the developers do something.

Keep in mind, on simulation everything is all right and I did not notice anything so drastic.

On simulation usually I have about 10 charts opened( 10 minutes), and 2 time and sales, FX pro and super dom, that are linked.

I do take a trade using chart trade on the instrument that the trade is in. Them I select the instrument on FXpro, and this changes the Dom, and time and sales window to the data that I need to be seeing.
This process has been working well on simulation.

Now, when I started using the live account, I was using only 6 charts, and was noticeable a big delay on the data synchronization between FXpro, time & Sales and Dom.

My friend that abandoned Ninja because could not make data work, said he tried Kinectic, but Ninja takes a lifetime to load data on charts and so Kinectic paid data did not help him. So he thinks and I, am agreeing with it now that Ninja, has a very "heavy code", that sucks all the resources of the computer and so starts not working anymore.

That is something developers must look into, since other programs run several charts, at same time and all work..

Right now, I will try use ninja just for execution and abandon the charts. Will have to have another computer with another software, like mt4, or mb navigator or FXCM , that is seamless not hogging computer resources like Ninja is doing for a long time now.

Thanks for forwarding this to developers, and hopefully sometime I can make my trading decisions based on ninja charts again.

The computer I use, is quad core, I7, 64 bit. Has losts of hard drive and memory, so this should not be a problem.

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So now what do you think? To use Ninjatrader or not? To be kill by ninja or not?

Shek

NT7 is far superior, like some said.. try it out. But you do have to pay for it in some cases. There is a free version called NT Direct, that you only get when you have a live account with some brokers, but even so, the free version of NT will lack hot keys, chart trading, algo trading, and some other things..

I couldn't use MT4 for live trading, because it is lacking in certain areas, but again, try it out, every trader has different requirements. I have learned a lot on MT4, but have moved to NT years ago.

Despite all of that, there is no reason to not use MT4 for spot currency charts. I work in commercial FX, and know many professionals (including myself) that will use MT4 for reference, and giving clients an FX snap shot. Free historical data for long term charts is key for this, and it works just fine.

Ever since Sept. 7, I have this ONE extremely long bad candle in both my EURCHF and USDCAD charts that I just cannot get rid off regardless whether I use Ninja Trader 6.5 or Ninja Trader 7.0. Because of this ONE bad candle, all of my indicators are screwed up. No matter how you download the data, it's still the same.

Ninja Trader support has been totally useless, not helpful at all. The data from my broker are all fine only in Ninja Trader it's wrong.

Is there anyone else who's having the same problem? If yes, are you able to solve it and how did you do it?

Thanks

Not sure who your data provider is, but they pushed bad data to you. There's s small chance they fixed it or it was in error, so a right click from the chart and a 'reload of historical data' might give results. If it is still there, you can edit the bad candle/data with this procedure: http://www.ninjatrader.com/support/h...ta_manager.htm

what is ninja trader ? indicator or ea ?

A simple search on google would have answered that for yourself. It's a charting software program. http://www.ninjatrader.com/

I have seen othesrs complaining about the issue described by atr below:

"But when I came to actually trade and found that the Patsystems Broker needed to restart their server every night and NT7 couldn't recover the connection without needing to be shut down I never used it again."

Is this an issue with NT no matter which broker you use?
I need a platform that I can set to run my strategies 24/7 without me being present. Is this possible with NT, perhaps in combination with another broker than the one atr is using?

How does MultiCharts compare in the above respect?

Thanks

I start use Ninja, but not fo Forex, and I find very easy to use compared to Meta.
And it is possible to connect most of brokers.

And I find very useful indicators.
And most freee and others In find in bigmiketrading others free indicators.

But in next year I say if it is good or not. Just start use...

I made the switch last night for good.