Ninjatrader Vs Tradestation Vs Open Ecry Vs Anyother

[Octavian 10]

I am looking for a trading platform to start up on , as cheap as i can get it really.

 

I am going to be swing trading and day trading stocks and am going to start with 10 000 pounds initially when I start trading live. I need to be able to demo trade for a few months before hand. Ive heard good things about all of these platforms but am finding it hard to differentiate.

 

Am i right in thinking Ninjatrader is the cheapest but lacks some of the features the others have?

 

Open eCry boasted it had far more to offer than other platforms on its website , is this so?

 

Ive seen videos of Soultrader using Tradestation and it looked straight forward and quick to use, but i havent found any price information on its website.

 

Basically, which would you recommend? sorry if this is a bit garbled

[Ninjatrader_Staff 10]

I am looking for a trading platform to start up on , as cheap as i can get it really.

 

I am going to be swing trading and day trading stocks and am going to start with 10 000 pounds initially when I start trading live. I need to be able to demo trade for a few months before hand. Ive heard good things about all of these platforms but am finding it hard to differentiate.

 

Am i right in thinking Ninjatrader is the cheapest but lacks some of the features the others have?

 

Open eCry boasted it had far more to offer than other platforms on its website , is this so?

 

Ive seen videos of Soultrader using Tradestation and it looked straight forward and quick to use, but i havent found any price information on its website.

 

Basically, which would you recommend? sorry if this is a bit garbled

 

Quite the opposite I believe, NinjaTrader is a feature rich application with over 300+ commercially available 3rd party add ons plus thousands upon thousands of user generated scripts. Attend any of our free live daily product training webinars to get a better idea of how NinjaTrader is different than the rest.

 

Webinar schedule - NinjaTrader stock, futures and forex charting software and online trading platform. Webinars and live training events.

YouTube channel - Includes recordings of our live training webinars plus additional contentn - NinjaTraderLLC's Channel - YouTube

[Tams 20]

I am looking for a trading platform to start up on , as cheap as i can get it really.

 

I am going to be swing trading and day trading stocks and am going to start with 10 000 pounds initially when I start trading live. I need to be able to demo trade for a few months before hand. Ive heard good things about all of these platforms but am finding it hard to differentiate.

 

Am i right in thinking Ninjatrader is the cheapest but lacks some of the features the others have?

 

Open eCry boasted it had far more to offer than other platforms on its website , is this so?

 

Ive seen videos of Soultrader using Tradestation and it looked straight forward and quick to use, but i havent found any price information on its website.

 

Basically, which would you recommend? sorry if this is a bit garbled

 

Ninja is the most powerful charting program you listed above.

It is also the cheapest to start out --- it is free.

 

Ninja also has the best in class educational program of any charting program on the market. They regularly hold webinars to teach traders how to use their program. And all these for FREE. What more can you ask for?

[TheNegotiator 13]

Depends what you want to use your platform for. There are features which you just can't get with ninja unless you are a programmer or are willing to pay money for the various add-ons via 3rd party developers or free code online. Ask yourself what you really need and then look at where you can get that. If you just want the basics to begin with, it's almost better not to worry about the platform initially and go with a good broker.

[Moyyim 10]

Ive seen videos of Soultrader using Tradestation and it looked straight forward and quick to use, but i havent found any price information on its website.

 

 

 

 

Hmmm.... the Homepage (Tradestation.com) has a blue box marked "pricing"...Have you looked there ? :doh:

[Octavian 10]

Thanks for the feedback everyone!

 

i neglected to look at the software section for pricing for Tradestation and now i have i may cross that from the list.

 

 

 

 

What would the difference be then between sim trading with Ninjatrader or a broker like IB?

 

Are brokers level 2? or is everything level 2 nowadays?

[FloorTrader 10]

I totally understand where you are coming from. It was a big challenge for me and here is how I went about it.

 

I used NinjaTrader several years ago and then got away from the markets for personal reasons. Getting back in was an eye opener for sure as many things changed. I figured I would just get restarted with NinjaTrader and found out there were some big changes. SIM is totally fake and can be manipulated with this Trend slider they have. Also, if you want to talk with someone you cannot, they are email only.

 

Tradestation seems to be the most basic and intuitive right now and you can talk to a real person quickly. I like the fact that there SIM VERY CLOSELY resembles what is going on in the market. Very easy to use with a one click mouse ability to place oreder, set limits, and qucikly reset stops by clicking and dragging the mouse. Again I am saying basic as I was a former floor trader and do not wish to have all the 3rd party stuff.

 

Best to get a trial and really give it a go for at least 2-3 weeks and pick the one best for you.

[Ninjatrader_Staff 10]

I totally understand where you are coming from. It was a big challenge for me and here is how I went about it.

 

I used NinjaTrader several years ago and then got away from the markets for personal reasons. Getting back in was an eye opener for sure as many things changed. I figured I would just get restarted with NinjaTrader and found out there were some big changes. SIM is totally fake and can be manipulated with this Trend slider they have. Also, if you want to talk with someone you cannot, they are email only.

 

Tradestation seems to be the most basic and intuitive right now and you can talk to a real person quickly. I like the fact that there SIM VERY CLOSELY resembles what is going on in the market. Very easy to use with a one click mouse ability to place oreder, set limits, and qucikly reset stops by clicking and dragging the mouse. Again I am saying basic as I was a former floor trader and do not wish to have all the 3rd party stuff.

 

Best to get a trial and really give it a go for at least 2-3 weeks and pick the one best for you.

 

Your statements about NinjaTrader are inaccurate.

 

- You are confusing our "Simulated Data Feed" which has user adjustable trend control with our order fill simulation engine which uses live market data. Our simulation engine has been one of the more realistically modelled simulators since inception. Tens of thousands of users rely on it daily. More information here - Simulator

 

- To clarify further, our Simulated Data Feed is a great tools since users can control the trend to force the market in certain directions in order to trigger and test on demand their automated trading strategies. Can TradeStation do this?

 

- Also, we absolutely provide telephone support. We accept support inquiries via electronic means and if a customer requests a call, we call right away.

[onesmith 10]

I recommend you try everything that looks interesting while thinking you won't necessarily get it right on your first try. A list of features and specifications isn't necessarily going to mention the one thing that determines your success. You're not even likely to know what that one thing is until you find it. Telling you what it is will not make you a believer like knowing it for yourself after living through your own experience.

 

The most important platform feature is it's programming language must be succinct and able to easily prototype new ideas. I enjoy clearing my mind and spending time in abstract thought conceptualizing and increasing my understanding of what works and what doesn't and the reasons behind these truths.

 

If you want my business then consider many have tried and only one platform has succeeded.

[winstonsmith 10]

When accessing a broker; ask yourself: do they rehypothecate your securites ala MF financial?

 

If the answer is YES....find another broker.

 

I use ThinkorSwim....now owned by TD Ameritade....TD DOES rehypothecate....BUT, their customers aren't on the hook for any losses TD might incur.

[Predictor 11]

Tradestation is really nice for backtesting. It has built-in data which is a big plus compared to other options. This is a great platform for running systems. Tradestation acquired many of their best third party vendors and is always updating the platform -- pros. Cons is that Tradestation is still weak in some areas of backtesting/system development.

 

OEC has a great DOM for discretionary trading and basic charting. Its a strong platform and lightweight.

 

Ninjatrader is a powerful platform. It used to be extremely buggy..This left a bad impression on me. Its a bit on the heavy side. I'm a professional C# programmer but was never impressed with Ninjatrader's backtesting capability. The nice thing going for Ninja though is that it has a lot of third-party support. I'm even looking at developing some third-party application. Its more geared to the discretionary trader. Don't get me wrong.. its a strong platform too.

 

Multicharts is also another option. The cheapest option is probably going to be OEC.. they have free data and free platform but its only if you are discretionary trader. They run a good outfit.

 

Other platforms you might consider would be Interactive Brokers -> program own interface like Tom, Velocity Futures, and Deep Discount Trading.

 

 

I am looking for a trading platform to start up on , as cheap as i can get it really.

 

I am going to be swing trading and day trading stocks and am going to start with 10 000 pounds initially when I start trading live. I need to be able to demo trade for a few months before hand. Ive heard good things about all of these platforms but am finding it hard to differentiate.

 

Am i right in thinking Ninjatrader is the cheapest but lacks some of the features the others have?

 

Open eCry boasted it had far more to offer than other platforms on its website , is this so?

 

Ive seen videos of Soultrader using Tradestation and it looked straight forward and quick to use, but i havent found any price information on its website.

 

Basically, which would you recommend? sorry if this is a bit garbled

[mohi4u 10]

I have used all the 3 platforms i.e. NinjaTrader, Tradestation and Open E Cry. Here is my feedback.

 

1- NinjaTrader is a very powerful and stable platform. The Super Dom is excellent and reflects the correct prices. The simulator, market Replay and ATM Strategies are among the excellent features offered.

Pros: One time life time license fees and no extra fees for the platform.

Several datafeeds options available.

2- Tradestation: An expensive platform with $100 monthly for platform and additional $50 for radar screen PLUS additional fees for Datafeed.

IQFeed and ESignal data cannot be used with Tradestation, but can be used & shared with NinjaTrader, Multicharts etc.

PROS: The monthly charges including datafeed may reach upto $500

3- Open E Cry a free platform with very few 3rd party add-ons as compared to 350 3rd party add-ons provided by NinjaTrader

 

Bottom line, NinjaTrader is a clear winner.

[Savant 10]

Its nice to have all that info gathered in one place