NinjaTrader was built to handle all of the complexities of order submission and management through the use of strategies as part of its Advanced Strategy Management (ASM) technology. ASM executes your predefined trading approach automatically, without direct user intervention.
Perhaps the Best
I'd say for price and configurability and performance Ninja Trader and Sierra Charts are the best.
MultiCharts has a honorable mention, being a great charting package but it doesn't have a free to test for a long time option. Neither does Sierra but Sierra's cheap so that doesn't matter much. Plus you can find some negative reviews about MultiChart's payment practices. 1 guy writing that he made a mistake and wanted a refund immediately and they wouldn't give it to him. There is no reason not to give a refund if very little time has passed since MultiCharts controls all the licenses using servers on their end. It's not like he could continue using it if they gave him a refund.
Aside from those 3 there are not many other capable enough charting packages out there I'd say.
NinjaTrader has only 2 major weaknesses... stability (if it freezes up on you, it freezes all Ninja Trader windows - smarter way to design would have it only freeze the current chart window, maybe they can consider that for later)
And connectivity... very few options on the forex side. Futures connectivity is good.
Almost perfect. Looking forward to version 8
My only negative comment is that it doesn't have a connector for two of the brokers I would have liked to use it with and no documented way to create a connector oneself.
Ninja Trader Software
Program in C# with the entire .Net Library available with top notch Customer Service
I love programming in C# and having the entire .Net library at my disposal. C# is wonderfully documented. You can simply Google any question you have and instantly have tutorials, forum answers and documentation on just about anything you will ever encounter. Just think about how much larger the user base of C# and .Net is compared to the user base for some scripting language in another package. Chances are someone in the world has tried to do what you want to do, and has written a Tutorial on it, or asked StackOverflow about it already.
Think about how vast the third party library for .Net is. If you want to do something non-trivial and don't want to reinvent the wheel... there's a library for that. Want to build a Neural Network and have NinjaTrader code interact with it.... try Encog... its free and well documented. Dream of something you would never attempt from scratch... and its in a C# library somewhere. NinjaTrader uses C# and .Net in a clever way that makes it a seamless experience... and you can debug in VisualStudio!
The support forum is outstanding and friendly, and has a great code respository. The customer service of NinjaTrader is second to none...
Oh yeah.... it does all the nuts and bolt stuff you'd expect too... Best of all it is wisely marketed by allowing you to install, hook up to data, chart, design systems, backtest and optimize in a FREE demo that never expires and is fully functioning except you can't place actual orders with a broker through the software. You can submit orders through a simulated broker to test to your hearts desire. This is the smartest marketing ploy mankind has ever seen. Simply use the product as much as you want for as long as you want until it convinces you that it is worth paying for.
Great for anybody running their own or 3rd party indicators.
Fantastic brokerage support and charting
Stable platform, great support, reasonable price
A very important point here - I firmly believe their support team is the best in the industry. Even though they dont have an incoming phone line, they will get back to you in less than 20 minutes 98% of the time. They are all very helpful, especially Bertrand, whos posts on the forum are always spot-on.
The instrument manager could use a bit of work though, it is hard to add a bunch of instruments at the same time - the interface is kinda clumsy. Would also like to see support for spreads added, as well as global strategy position tracking.
Top quality charting and best trade management system out there
question for NT user
Can NT handle blocks of data now held in Excel and Metastock ?
You need to be logged in to post reviews