New MP Software for Ninjatrader

[momentom 10]

Just a heads up for MP traders.

 

Ninjatrader charting is FREEEEE! http://www.ninjatrader.com

There is a new add-in for sale that is MP: Final| Financial Algorithms

 

You can use a miriad of datafeeds.

 

I've just started the free trial. No affiliation with either, just a user.

[notouch 10]

Very interesting. Thanks momentum. The $250 price tag seems a bit steep but as it's a one-off cost it's the same as about 6 months with Sierra but will last forever.

[notouch 10]

NinjaTrader has excellent charting and with IB data is 100% free! Thanks again momentum.

 

[vegaspanda 10]

Tnx for the Tip. The ninja MP does the job. I have been using Investor RT for two years and after 2 weeks of trial, I am redy to pay the $250 for the add on.

As of today I pay $71 per month for Inv RT (this includes a DTN data backfill because Interactive Brokers Data is very spoty). Thats $852 per year.

 

The Ninja Add on does not have all the functions as RT does, But most of you will find out that all the elements needed to interpret market development are there. I just love the fact that now I can have a decent Market profile chart and feed it with tradestation data.

 

This was a profitable trade for me. Tnx Again

[notouch 10]

I'm using it too and think it's great.

 

Soultrader, any chance you can try to negotiate a deal with this guy to get us a discount?

[Soultrader 12]

I will shoot him a email to see if he's interested. Thanks.

[momentom 10]

The guy is adding a better POC indicator. I got him to highlight the value areas better and that's already in the latest release.

 

This looks like the cheapest MP solution that actually gives the info you need. It paid for itself in the first hour I used it.

[jess1 10]

. I just love the fact that now I can have a decent Market profile chart and feed it with tradestation data.

 

This was a profitable trade for me. Tnx Again

 

Hi, there, can you tell me how do you make use of Tradestation data with Ninja and using this MP addon? thanks.

I am a TS8 user and trade through TS too, so I like to invest a MP addon that are related to TS8 if it is possible, I don't think I can get away from TS8 just because I had so many expensive indicators invested with it. So your info is much appreciated.

[vegaspanda 10]

Hey Jess1, all the instructions for seting up TS8 are at the ninjatrader.com site. Its very easy. Here is the basic setup:

 

Initial Set Up

 

NinjaTrader must be installed

Start TradeStation

Select the menu File --> Import/Export EasyLanguage

Select "Import EasyLanguage file (ELD, ELS or ELA)" and click “Next”

Click on “Browse…” which opens a new window

Click on “My Computer” on the left side of the window

Double click on “Local Disk (C:)”

Double click on “Program Files”

Double click on “NinjaTrader 6”

Double click on “bin”

Double click on “AutoTrade”

Double click on “NINJATRADER.ELD”

Click “Next”

Click “Next”

Click "Finish" and confirm any upcoming query box by clicking "OK"

[vegaspanda 10]

News release:

 

The Market Profile charts add on for Ninjatrader now does have a much better POC display.

 

Go to : Final| Financial Algorithms

 

to download a demo

[jess1 10]

vegaspanda,

 

thanks for the reply, I see that Ninja has a demo, does the MP addon work with the demo ninja version and getting data from TS8? Basically, I like to implement MP stuff in my trading, but do not want to invest into another charting package like Ninja in order to get MP into my trading tool sets. I am trying to find a cheapest way to get MP into TS8. Too bad, Ant's MP+ does not work anymore, even though it is still buggy, can still lockup TS8 sometimes, but can't be beat, it is free.

 

Btw, is there any free MP addon for TS8 still around, besides Ant's MP+? Anyone know? Thanks.

 

Also, Ninja cannot import Protect eld files, right?

[thrunner 10]

Have you read this thread to free and fee MPs for TS? http://www.traderslaboratory.com/forums/6/market-profile-trading-concepts-175-2.html

Ninjatrader doesn't import ELD (Easy Language) of any kind, it uses Ninjascript, which is a form of C#. The ELD talked about by Vega is read by TS8 so that it could export datafeed to NT.

[Reaver 10]

Any updates?

 

I am looking into this currently and was wondering if anyone else had tried it...

[momentom 10]

Does the job.

[Reaver 10]

Roger that. Thanks.

[BlowFish 10]

Notouch do you find Ninja solid? I had read a few posts here and there saying version 6 was quite flakey?

 

I am particularly interested in adjusting stops and targets through the charts that sounds cool in the extreme.

 

Finally what's the performance like? I remember beta testing NT when it was a simple (very simple) order entry helper even then it seemed to add a small but noticeable delay to things.

 

I was looking for an excuse to try it again but wanted 'solid slick and fast'. (I'm also considering Neoticker for another look).

[notouch 10]

I don't use NinjaTrader for order entry - I use IB's BookTrader for that. You have to subscribe to NinjaTrader for the order entry functionality. The charts are very solid though. The MP add-on is good but I had a few problems with displaying forex data correctly. I did resolve the problems in the end.

[BlowFish 10]

Ahh OK thanks, guess I should give it a try. Something really appeals about entering an order with fixed point emergency stop and target, then dragging the stop to the last swing high on the chart and maybe adjusting the target to the other side of a trend channel. That sounds like coolness in the extreme.

 

I'm kinda interested in how user studies work in ninja too. One of tradestations huge advantages is easy language. Chances are there is a public domain study or some code you can modify for most of what you might want to do.

 

I'm currently using Multicharts but am disapointed with how numerous things are still 'rough'.

[Reaver 10]

That's what I am worried about as well....the fact that I have heard so many things about NT being buggy...

 

I imagine having bad info on a daytrading scale can be pretty disastrous and I sure wouldn't want to be investing into software that didn't do the job properly...

 

The MP plug-in is $250, and has a 7 day free trial...it is pretty sharp, I'll give it that.

 

Has anyone used to market replay feature with NT? is it pretty reliable?

[vegaspanda 10]

Update on the NINJATRADER MARKET PROFILE

 

I have been using it for allmost 3 months now. and I use it every day for trading futures. I had no bugs nor crashes so far. Trading from the chart is a real treat, plus the NT platform is in my opinion so well designed that even makes you a bit faster at executing since there are no redundant steps in the proces of trading. Now, u dont need to execute with ninja if u want to save money. Just get the demo version and feed it with your own data. the tpo demo works with the free ninja demo. So you can execute in your own platform and still have great MP charts.

 

Enjoy your trading fellas

 

VP

[Reaver 10]

cool man thanks. I'm about to drop my $250 it seems

[vegaspanda 10]

Here is a Pic on how it looks, or go to:

 

http://aycu02.webshots.com/image/23241/2003458993688809785_rs.jpg

 

 

for a hi-res version.

 

Enjoy and Profit

[vegaspanda 10]

Yes u can, right click on the price column and drag down to compress. Now to see several days, select as many days as you want in the window than appears in ninja after u go to New - Chart.

 

Hope that helps.

[Reaver 10]

cool thanks vegas

[momentom 10]

Control Up and DOWN arrows work too