I'm selling my life time license to NinjaTrader 8, a platform used to trade futures, forex and stocks. The reason of the sell is that i no longer use it. The license key is sent by email after payment of 850$ (a negotiable price). I'm available to demonstrate it working as intended. Contact: [email protected]
What broker do you guys like to use for daytrading futures and forex?
I used Ninjatrader before but found it to be very complicated to set-up. What brokers do you guys use for trading futures and forex? I use Tastyworks for stocks/options already. They do have futures but with very limited options.
Hey guys, A little about me - I've been writing algos on and off for about a year and a half now. I started with Quantopian way back using python to write stock algos, then realised I couldn't live trade with it, so that put me off that. I then found MT4 and MetaEditor and the world of forex... I was immediately in love with the simplicity of the language (C#), but I ditched it because forex just felt impossible to code around with all the volatility and news based price action. (I'm sure there's exceptions to this - but does anyone have a similar experience with it?) I finally landed on NinjaTrader and scalping futures, which is amazing and seems to fit way better. I'm wondering if anyone has experiences with successful Ninjascript trading systems and what advice they have etc. I've written up a few, one with a 76% success rate over 50 days but I'm starting to see how commission and tax really can have an impact...I'd also like to know about the reliability of backtesting using the Strategy Analyser vs Market Replay... Who's out there! :)
WikiFX: the murky business and the murkier methods
https://preview.redd.it/1rf74ljv34l51.png?width=960&format=png&auto=webp&s=566235871ce22dd3078f0532dfb672bff6eb0707 The irony of financial markets is that this business that officially has got as much regulation as arms trafficking, has also got the same problem –- numerous illegal entities that evolve around the niche. Scam brokers, funds recovery services that rob the robbed traders, HYIPs, “learn how to make millions overnight” trading courses and a number of other schemes all tend to exploit the weak point of human nature – the belief that there is the magic device with the “MORE MONEY” button out there, that someone can sell you.
A thief shouting “Thief!”
Considering the above there is a high demand in society for truthful and unbiased information about the market players. WikiFX claims to be the provider of such honest information about brokers but in fact, makes money by blackmailing brokers and promoting any company that offers to pay enough in their rankings. WikiFX is a classic illustration of a thief shouting “Get the thief!” louder than anybody else in the crowd. The strategy works unfortunately and traders tend to trust WikiFx broker’s ratings without questioning what these ratings are based on and who sponsors this global brokers’ database.
Paving the road with some good intentions
Even the most horrible crimes against humanity were done under the cover of best intentions. Starting with the first crusades and ending with the holocaust. There are always some sound arguments, protected people and reliable methods. Ask any trader whether each forex broker must be regulated by a third party? The answer will be “yes” with a near 100% probability and this answer is totally correct. Know-your-customer procedures and some unbiased third-party control are essential for maintaining the overall transparency of any business in a sphere of finance. This is the argument that WikiFX starts with when promoting its service and there is absolutely no point to argue. Starting with an indisputable truth is a good strategy to win the debate. “The long-term presence on the market adds credibility”, – says WikiFX, and hears “yes” again. “Don’t you agree that the longer the company is in the business, the better?”. “Sure”, – the trader agrees one more time. The mission is completed. This is when the broker ranker can add any other criteria to their appraisal methods. Traders will tend to trust the service because they’ve agreed upon the most important criteria. The rest are minor details. But what if the rest of the appraisal methods are not just minor issues? What if these details can be the means to manipulate the facts as much as they want to?
Can WikiFX appraisal criteria be trusted?
If we take a look at any broker’s WikiFX rating, we can see that the criteria of appraisal are the following:
The year of registration
Market Making license
For example, this is what the top-rated broker’s summary looks like at WikiFX: WikiFX Forex com example https://preview.redd.it/t4ugtbt344l51.png?width=625&format=png&auto=webp&s=95fddf8434faf8938d1a3f18bbd5f1da2ceb47e4 Looks good. Really. Regardless of the attitude to this particular brokerage, the work seems to be done fine. All the regulators are listed below, the information on the used software, licensing, and years of operation is included. But what if we take some other random brokerage with one of the lowest rankings at WikiFX? NinjaTraderBrokerage WIkiFX Ranking https://preview.redd.it/pgyqp0u644l51.png?width=631&format=png&auto=webp&s=eb268faac83608a494c31a39eb1621f7132e3520 This is where the truth reveals itself. Once again, regardless of the attitude to this particular brokerage this is really easy to find out what they do, what licenses they’ve got and what kind of software they use. Suspicious clone? Seriously? If WikiFX staff cared enough to do any investigation prior to stamping that “Suspicious” mark on the brokerage, they would have seen that both domains, nijatrader com and ninjatraderbrokerage com belong to the same entity. NinyaTrader whois data https://preview.redd.it/2097lkw944l51.png?width=563&format=png&auto=webp&s=079cc4248b825a3cd941c6b691a67bb9769f4f7f If they cared enough to collect information on the brokerage from at least one reliable source, like Investopedia or any other similarly known database, they would also have found out that the company not only provides the brokerage service, but also is known for its trading platform with advanced technical analysis tools. But the only trading software that WikiFX considers reliable seems to be MT4/MT5. They simply ignore the fact that trading does not evolve around MetaTrader products, no matter how good and popular they are. WikiFX lowers the score of any brokerage with custom-developed software. We can clearly see this with the above example. Other criteria that WikiFX is proud to use for the broker’s appraisal are regulations. Using the same example let’s see how well they do the appraisal in this field. As you can see above, WikiFX used the “Suspicious Regulatory License” stamp for NinjaTrader Brokerage. And here is what The National Futures Association, that NinjaTrader is registered with as a futures broker has on its record: NFA regulation of NTB proof that WikiFX did not consider to be trustworthy https://preview.redd.it/di8fwkdd44l51.png?width=629&format=png&auto=webp&s=2de618d5df26bd8fcca99c51a6030f4bdfa7f776 We can’t expect every trader to know that any futures broker that wants to operate on the US market must be a member of NFA. This is the requirement of the Commodity Futures Trading Commission regarding the futures broker’s operations. But this is totally unacceptable for a broker ranking website, which WikiFX claims to be, to mark NFA-registered futures brokerage as non-reliable. By the way, did you notice on the above screenshot that NTB has obtained the NFA license in 2004? Yet, this does not prevent WikiFX from claiming that the brokerage has only been providing its services for 1-2 years only, instead of the factual 16 years of operations. We can long discuss the reasons that lie behind such selectivity of WikiFX but this random example clearly shows that any brokerage that provides access to non-forex derivatives trading or dares to suggest custom-developed software to its traders is in danger of receiving a negative review at WikiFX regardless of the factual reliability and regulations.
What lies beneath WikiFX selectivity?
WikiFX claims to have a team of professionals that are all involved in objective appraisal of broker’s services, licenses and used software. The methods used by these professionals remain unrevealed and as we see from the above comparison two similarly reliable brokerages can get any score from 1.0 and up to 10.0 at WikiFX, no matter what regulations they’ve got, for how long they’ve been in the business and what kind of software they use. This is difficult to say what lies behind such selectivity with 100% confidence. The first thing that comes to mind is that WikiFX might be affiliated with some brokers. The hypothesis gets even more realistic if we try to understand who sponsors WikiFX. There are no transparent built-in ads neither on the web-version of the website nor in its applications. There are no paid subscriptions for access to the database. This means that users sponsor the service with neither their attention to ads nor directly. Being the non-charity and non-governmental organization WikiFX can’t be sponsored with donations or a government. The only option that we have left is that brokers sponsor this ranking system directly, which automatically makes the whole system non-reliable and highly biased. The only transparent method that we know WikiFX uses to collect money is sponsorship fees they collect from their offline events participants. Let’s have a look at the exhibitors of the recent WikiFX Expo in Thailand. WikiFX Expo Exhibitors
TLC is a non-regulated investment platform that was founded in 2019
Samtrade FX is not regulated by any of the agencies that WikiFX itself lists as reliable
Forex4you is not regulated by any of the agencies that WikiFX itself lists as reliable
B2 Broker is a non-regulated broker
XDL FX is a non-regulated broker
VAT FX is a non-regulated broker Six out of sixteen WikiFX recent expo exhibitors do not have proper legal status according to the “standards” of WikiFX itself. This fact does not prevent them from promoting the services of these companies at their offline events. This conspicuous fact tells a lot about the attitude of WikiFX to common traders looking for reliable partners. Reputation is nothing but a sale item for this brokers’ ranking system.
Murky & Murkier
So far we’ve only discussed the facts that anyone can check himself using free tools and sources. It was not that difficult to discover that WikiFX uses non-transparent standards for brokers’ appraisal. It ignores the specifics of some brokerages lowering their scores due to non-standard derivatives they offer to trade or custom trading software. It also promotes non-regulated and non-licensed brokerages, which is 100% against the declared WikiFX values and mission. The rumors are that this company was also noticed blackmailing brokers with the purpose of making them pay for better reviews at WikiFX. There are also some signs that indicate suspicious promotion of WikiFX platform through social media and Quora. Some of the WikiFX positive reviews also look highly suspicious. All of the above is a matter of further investigation. Nevertheless, thousands of users keep relying on the information provided by this scam ranking system. It may even look like all these users are satisfied. WikiFX has got 4.5 starts at Google Play, which sounds good enough. However, positive WikiFX reviews use similar semantics and are also highly suspicious. Despite the high average grade, Google Play finds the following messages to be most relevant and brings them to the top of WikiFX reviews: Google Play most relevant WikiFX reviews https://preview.redd.it/kftutvcl44l51.png?width=532&format=png&auto=webp&s=1ccb74ee156388285a2fab711dd604945c04377c
You’ve got the facts now and it’s time to make your own conclusions.
I started day trading in 2015 with zero experience. After all these years of testing methodologies back testing stocks,options, futures and forex, I was wondering what is the best platform for trading futures and Forex. I have tried MLQ4, TOS, and NinjaTrader. I am currently using Ninjatrader for my futures trading. I found out from my personal experience that to become a consistent trader, one has to manage risk to stay in the long game. This is now my morning trade on the NQ.
Has anyone tried Ninjatrader's Autotrader? It comes with backtesting software and seems really easy to use. No coding required. All you have to do is select a strategy from a drop down box, configure the trading settings, and do a test run for a couple days before you try with real money. What kind of drawbacks could there be for scalping forex?
Hi, I'm new to daytrading and i have a few questions. I'm from the netherlands btw so not US based. 1. What is the best platform+broker for a +/-500,- account? I really dont want to spend too much on monthly costs and fee's, but i do need a good platform with level 2 quotes, real time america stocks data and customisable charts. If this has already been asked, can someone please send the link to the post?
What is the best way to papertrade on the stock market? (For stocks between 1-10 euro's) I tried some, but some platforms have 15m delay, and not reliable level 2 quotes. And others don't have the data feed i need. For example ninjatrader only has forex or future papertrading data feed. But I do like the platform.
Ninjatrader - Selected Dorman, but now which broker for license key?
Having been approved by Dorman and receiving the green light to fund a Ninjatrader8 account, I now must purchase a license key. When purchasing the license key, I must once again select a broker. My options are: "NinjaTrader Brokerage" "City Index" "FOREX.com" "FXCM (non-US)" "Interactive Brokers" "Oanda" "TD AMERITRADE" "Multi Broker (Includes all above)" "CQG (for existing customers only)" I'm not really sure what I'm selecting at this stage. Is there any advantage between one and another? Does choosing something like "TD Ameritrade" change anything about the platform or chart-trading abilities I've gotten used to on the Ninjatrader Demo? Does Dorman fall under "NinjaTrader Brokerage"? Is it advantageous to select "Multi Broker" so that my trades can execute on any of the above brokerages, allowing for increased liquidity?
Seeking advice on platforms (or not) for integrated Algo development.
Question: What are good platforms for paper trading?
Hi guys, what are some good platforms with charts that I can papertrade? I used to use NinjaTrader and IB paper account long time ago, however this option is no longer availible since IB requires real time data subscription. I could use demo account from NinjaTrader, but its only for futures OR forex. I would like to have the option to trade stocks and etfs in one place as well. Since I only need end of the day data, I would prefer some free alternative. Thanks for your suggestions!
Hi guys, I need your help with this. I've been looking for a free software that can replay stocks data. I've done a lot of searching and the best I found is NinjaTrader but it doesn't have data for stocks (forex seems to work fine though). I've got a day job and I'm not allowed to carry my phone while at work so my best option is to replay the market when I get home and on the weekends. Another decent option would be if there's any apps for a smartwatch that offer trading. I'm still practicing and while mobile trading isn't the best it's still better than nothing. Thank you for your help!
I will be streaming from my Xbox one X and next years Xbox to twitch mixer and YouTube. Will mostly be doing forex/futures trading and potentially stocks trading as well. Thank you for the help --------------------------BUDGET-------------------------------------------- [$1000 pc] My budget. Date I will buy: asap Willing to spend $1600 on entire setup [ ] before or [ x] after tax. See this website for sales taxes in your US state. [ x] I'm OK with rebates to get to my target price recognizing I will pay more upfront. What country are you buying in? U.S ---------------------------USAGE-------------------------------------------- List programs and indicate distribution with percentages: xx% [ ] Gaming: [ x] 30% Gameplay streaming to Twitch, YouTube, etc. [ x] 5% Photo/Video editing: [ x] 40% Trading: MetaTrader 4, ninjatrader, more trading applications. [x] 15% Web Browsing: multiple open tabs for research and communicating. --------------------------MONITORS--------------------------------------- Select one: [ ] < 1080p [ x] 1080p60Hz [ ] 1080p144Hz [ ] 1440p60Hz [ ] 1440p144Hz [ ] 4K 60Hz [ ] 5760x1080 - Triple Wide [ x]I own [ ]don't own this monitor I own 1 monitor, but would also like to add at least 2 more monitors higher resolution and possibly use a tv as well. --------------------------OVERCLOCKING--------------------------------- [ ]I am willing to overclock my CPU/RAM Not sure what overclocking is or what it will do for my situation. --------------------------ENVIRONMENT----------------------------------- What environment do you expect the Computer to live in? [ ] Hot [ ] Dusty/Pets [ x] Always on [ ] Low noise [ ] Normal --------------------------PERIPHERALS------------------------------------ I have: I have nothing yet [ ] Mouse: [ ] Keyboard: [ ] Headphones/speakers: I need: [ x] Mouse: [ ]flawless sensor, Grip: [ ] palm [ ] fingertip [ ] claw [ x] Keyboard: [ ] mechanical [ ] quiet [ ] tenkeyless [ ] backlighting [ x] Headphones/speakers: Preferred headphone form factor ([ x]over ear, [ ]on ear, or [ ]in ear) and [ ]sound isolation? Do you have a preferred sound signature? What music genres do you prefer? --------------------------OPERATING SYSTEM----------------------------- I’m sure I can get windows for cheap [ ]Need Windows? [ ]Do you have access to DreamSpark or a similar program that allows you to get an OS for a reduced price/free? ---------------------------INTERNET--------------------------------------- [ x] I can connect to this computer with [ x] a cable or [ ] a Powerline Adapter [ ] I need wireless connectivity. ---------------------------OP's PARTS------------------------------------- I don’t have any parts yet besides 1 Monitor. I am a first time builder. If you guys have a suggestions on a nice large table that would be great as well. Thanks again!!!!
Recommended Free Charting Software, paper trading?
So I've been trying out several charting software such as ninjatrader, thinkorswim, traderview, yahoo finance, TC2000. Each has their benefits, but what's unfortunate is the delayed data. The delay is about 15 minutes. Also if you're papertrading on thinkorswim it doesn't execute orders based on the displayed 15 minute delayed data, instead it's based on real time data. It's difficult to take a position without defaulting to market price which is very different from what you think it is. What's also weird is how the price on robinhood is closer to realtime than the various charting software I'm using.I trade on robinhood btw. My question is there free charting that has better live data service?Are they all behind a pay wall? If so what do you recommend?Is live data service not available on stocks?(ex: thinkorswim has live data for futures/forex, but not stocks. Is that because I don't have any real money in it?) Update: Thinkorswim you just need to enable live data by going into your account settings on the website and sign up for real Time Nasdaq level II quotes"
Using TD Ameritrade Brokerage with NinjaTrader 8 automated strategies?
Hey Guys, I'm new to this community and haven't seen any posts on this topic, so if someone has asked/talked about this before let me know. Anyway I have been looking into algorithmic trading but currently use TD thinkorswim to execute trades manually. When searching for brokerages which allow for development of automated trading strategies I came across NinjaTrader, which seems to allow for custom strategy development and execution. The problem is that the NinjaTrader brokerage only provides service for Options, Forex, and Futures, but not Stocks/ETFs. Despite this, NT lists TD Ameritrade as a supported equity brokerage, which has me wondering if it is possible to develop a trading algo in NinjaTrader 8 and use the TD brokerage support to execute it for stocks. If I'm correct in this assumption, does anyone have experience with this/know any more on the topic? If I'm wrong, what brokerages/platforms have options for automated trading strategy development for stocks?
Looking at getting into Futures trading and I have some questions
I've been trading traditional Forex for a while now but it seems like there are allot of you guys who are profitable in Futures trading, so I'm interested. Live in US and already have Scottrade account which was bought out by TDAmeritrade a few months back and it's supposed to merge soon. I plan to use the TDAmeritrade platform for stock trading but it also allows Futures trading according to there website. Do any of you guys here trade using them? Basic questions I have are: 1.Who do you use and why? 2.What's a good starter amount of capital? (I'd like to start very small and learn it) 3.Why do you trade Futures over traditional Forex? Also any tips or educational pieces to read or watch are very much appreciated thanks.
You can use TD Ameritrade's real-time equity data for free, for paper trading without the 20-minute delay.
In case people didn't know, if you use a platform which "contains" a paper trading acccount, rather than relying on the TOS platform entirely, you can take advantage of the free real-time US equity data for paper trading. So to keep this simple you can get NinjaTrader for free here, it's generally considered a free platform for those who didn't know. https://ninjatrader.com/FreeLiveData When you get NT through this method, you can pick Futures or Forex data. You can go back and fill out each one if you'd like say, do Futures first (that'll be through CQG and give you a lot of data for 7 days or 14, I can't recall) and the Forex through FXCM. Regardless, you don't have to use either one if you don't want. After that you'll be able to download NT installer, I always go with NinjaTrader 8, it works well. Rather than 7, that is. Simply click "connections" in the main panel once it's open, and add a TD Ameritrade connection with the same login/pass you'd use to login to TOS or your TD/AT online account. One important thing to note: If you want tick data, at the least NinjaTrader will say give you 10 tick, 2, 1 tick or even intervals like 1s (literally type 1s or 10s or 1t 3t 10t etc and hit enter when you have a chart open) but I believe it's derived from the bar data, if that makes sense. Also if you're viewing anything less than the 1 minute bar timeframe, itll just start off at the time you've opened the chart with such tick/second/range/interval data, and no historical on the chart. So if I'm doing that I like to open a second chart in another tab of the same instrument to show the historical data. So the paper trading account is within the NT platform, and so long as you make sure you have set up your default account to be say Sim101, the usual name of the default paper trading account, you won't be actually executing trades through the TD Ameritrade broker, but you get to trade on real-time data. Between this being free data, the possibility of using Rithmic, CQG and FXCM trials for futures and forex, you can get basically all free data. For a paper trader like me, that's nice because I have no skin the game... I think that's the saying. Keep in mind I'm not promoting NinjaTrader in any commercial capacity and have no affiliation with them whatsoever as a company or in any manner I can conceive. There's one other platform I use which isn't free that's compatible with TD Ameritrade's data and that's called MotiveWave. It also does support simulated trading very very well. I suggest checking it out and I'll just say Google MotiveWaveTM 4.2.8 Ultimate Edition ;) Hope this isn't just old news everyone here has known. If so, let me know. Happy trading and hope this coming trading week is a good one. Edit: Some other resources which at least have free trials available without necessarily needing any payment info I find useful are: 1) www.livesquawk.com (Especially Steve K's market signals... I've only heard of McAffe's signals but never tried them, however Steve K is a good guy and seems to really know what he's doing. Tl;dr, they work for me in paper trading). 2) https://www.tradethenews.com - you need a linkedin with 5 or more connections to get the free trial but they have a great squawk service with a guy from NYC who seems to be on literally almost 24 hours a day 5 days a week. 3) https://pro.benzinga.com - a Bloomberg Terminal alternative basically, but not as fancy... for more fancy see: 4) http://www.metastock.com/fundsoft4 This one isn't really explained the best on their own site, in my opinion but I've been using the free 30 day trial and what it is, is Metastock's own way of selling Reuters Eikon service. Eikon is about the best Bloomberg Terminal alternative I've found yet in many years of searching. I'm more into looking at data and figuring out how plats work than the actual trading in some ways. Important note on this one: Once you do have a trial, and they take a little while to rubber stamp it so be patient with the emails they send, you can login through the regular Reuters Eikon web login if you wish rather than using the Windows standalone program. They're the same one's just web-baed. 5) Lastly for now, https://www.money.net - definitely worth checking out. Has it's own live squawk for news during trading hours and definitely no payment info needed for a trial. You can login once trial acquired via login.money.net or the now 'legacy' installable platform. They're both good but I'm not crazy about the iOS/Android versions at all.
I'm looking for recommendations for paper trading on futures. Specifically, I'm looking at trading the e-mini and eventually some others. Does anyone have a good recommendation? I looked at ninjatrader but it seems like they have some kind of 14-day trial and not long-term paper trading setup. I'm also finding so much biased information/reviews online that I'm kind of lost at where to start with futures in terms of brokerage and platform. I'm paper trading Forex through Oanda and Tradingview since it's free at the moment to practice in that space, but the ES seems like a better fit for my style. Thanks in advance!
I am from Europe and in need of something similar to ThinkOrSwim's "OnDemand" feature for market replay with historically accurate data for stocks. I tried downloading NinjaTrader for this sole purpose, but from what i understand it's only for futures and forex. Anyone know of a solution to this? I am getting bored of having to wait for market hours to paper trade.
Hey Everyone, I would like to start trading but want to use what solid traders use that invest as their profession. I want to have as much freedom to buy and sell whatever types of securities that I want. What are some good brokedealers/sites to use? I am most familiar with E-trade. What do the best use? Thanks!
The free Futures Data can be got by falling this link here: Trial of NinjaTrader 8 Futures Data--> FOREX Traders you should never have to pay for FOREX data. This should always be free for you. FXCM provides a free unlimited FX data account, and many brokers also provide their FX data for free. It's no different or better than paid data. Forex traders will benefit from NinjaTrader’s FX Board, which provides all important information on currency pairs at one place. The FX Board also shows the current spreads and daily high and low prices, and allows traders to place trades right from the Board with a pre-specified position size. A fully-automated Market Maker strategy for NinjaTrader 8, which creates single BUY and SELL limit orders at the upper/lower Bollinger Band. The strategy works with all types of securities, extensively tested 1/5/10/15min timeframes in Crypto and Forex markets. ninja trader forex robots (expert advisors) NinjaTrader provides the ability to program your own Automated Strategies (EAs). By using the advanced back-testing Ninjatrader engine you may simulate any strategy on historical data and evaluate its past performance. Trade Forex with Speed & Insight. NinjaTrader 8 empowers forex traders with industry leading charting, analysis and automation capabilities. Uncover hidden opportunities and optimize your order execution using an award winning forex trading platform.
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