Ninja Trader VS MetaTrader

[smuhr 10]

Good morning,

 

I would like to trade on FX market with automated system but I do not know which software to choose : MetaTrader or NinaTrader ?

 

Thank you,

Steven

[cjd 10]

Metatrader would be the answer.

[Kiwi 16]

It depends what you want to do.

 

Metatrader has the big benefit of being free - but only for metatrader supporting brokers (read, mainly bucketshops). I don't know how their "free" model works but I guess its like free forex trading - supported by spread or kickbacks from participating brokers or some such so it quite possibly isn't actually free.

 

For a real broker like Interactive Brokers (IB) you need to use something like NinjaTrader or Sierra Chart. If you don't go down the "free" route you should look at SC. Also, SC (and probably NT) are IMO probably more suited to a pro trader than MT.

[smuhr 10]

The most important for me is that I can run semi-automated and automated system on the software. And for this I also need to backtest my system.

 

kiwi : What does the SC & IMO acronym mean please.

Thanks

[justtrade01 10]

The most important for me is that I can run semi-automated and automated system on the software. And for this I also need to backtest my system.

 

kiwi : What does the SC & IMO acronym mean please.

Thanks

 

SC means Sierra Chart

IMO means In My Opinion

 

[Andrew 10]

2 cents

I've demoed Sierra, as thought to use that for advanced charting, do you know why I dropped that idea

just because 2 times (it was enough for me) I've installed that into my machine that software was installed not to as per specified by me folder, but at C and a lot of it folders spreaded sporadically here and there, well I'm not pro programmer to search for all modules of program installed in order to safe it from "cleaning" and anti-virus programs and also what is more important to me with Ninja I just found and set all I need literally in seconds max minutes since downloading and you know may be I really stupid, but in Ninja I can find how to switch 5 min timeframe to 30 min in Sierra...well:crap: I still can not find it, at least within 30 seconds + for example drawing tools, Ninja has it not quite amongst better, but still you can more or less promptly and comfortable manage it, but with Sierra...:helloooo:

Well, what I want to say I kept Sierra in mind for charting and honestly tried it, but even having IQ above 1.0 not succeeded + having 2 live datafeeds available amongst supported by Sierra I nevertheless had 8 time bad efforts to establish it however acted as per Sierra manuals.

My conclusions (only mine) if I want to play Lego I will choose Sierra, if I want to have stable and reliable charting software I will not choose it even for historical data (the main...programs shall serve you, not you them)

 

Krgds,

Andrew