Anyway I will leave you to read my post again to find out what happened. I didn't have to pay anyone. I recoded my strategies myself.
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Anyway I will leave you to read my post again to find out what happened. I didn't have to pay anyone. I recoded my strategies myself.
I stayed with NT7 as long as I could, my friend until NT completely stopped supporting it and you couldn't even log onto NT using NT7 anymore. LOL
They changed a lot of things even down to how arrays worked. And the result was crap. It was not only slow but gave inconsistent execution of codes. Sometimes the codes would execute and sometimes they wouldn't. It was horrible. And of course NT never admitted their own fault and just instead blamed it on the users always.
Well this is the thing. If you are doing volume then obviously auto trading is what you need especially if you have already developed a trading system. And to me, there are just far more efficient and lot more stable and better designed 3rd-party auto trading software that you can use other than Ninja that are lot more stable and reliable and have more features, MultiCharts is one, IB provides its own C# API that you can also use if your C# skill is strong enough, and many broker like TOS and TradeStation provides their own higher level auto trading programmable systems that you can use and they are all free. Ninja Trader, imo, is neither competitive in terms of price nor in quality.
If you are not doing volume and don't need auto trading, then your choice of platform is even wider and honestly NT's trading platform is not even the best. They need to relay the order first to the broker for the broker to then send it to the exchanges. The latency is horrible if you are scalping. Will be much faster and easier just to send the orders directly to the broker. The only thing NT is good at is its charts but how much can they charge for charting? How much are people willing to pay just to use their charts? That's the question but either way it doesn't justify paying lump-sum amount of money to be stuck forever on NT.
There will be no way NT can be clearing FCM. The capital requirement is way too large and plus NT just doesn't have the infrastructure or experience to become a full-fledged financial broker. After all, it's just a software developer that is dabbing into the brokerage business as a side business to provide more additional income. So being an IB for some other brokers is more suitable for NT but NT and AMP would never work. NT's price is just not competitive enough for AMP nor AMP for NT.
LOL
NT7 still works and you can still log in.
https://ninjatrader.com/NinjaTrader-8-FAQ
Are you paid by a competitor of Ninjatrader to post negative reports? Or are you losing much money and want to blame anybody else except yourself for it?
I start to believe the this post is telling the truth:
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Sure about that? Is that for automated trading specifically?
I actually used NT7 as late as last week. I'm pretty sure I saw some other user on this board who still uses NT7, too.
I had NT7 for managing multiple accounts simultaneously. No longer need that, so only NT8 now.
I may need to look into this, but personally, I've had no issues with what I'm doing. That's not to say I can't find improvements.
It's my understanding that Ninjatrader now have their own brokerage and is a clearing FCM officially as of this week.
They bought TransAct Futures earlier this year.
https://ninjatrader.com/NewsReleases/NinjaTrader-Acquires-TransAct-Futures
I thought they would still clear through Dorman, but seems like that's not the case...?
I contacted NT about this, but haven't yet received a detailed reply.
This post confirms that @JSOP is just BS.
500,000 traders use NT but according to JSOP it sucks...
If 1 person says it sucks, the 500,000 are probably right and the one person is wrong. Like I was assuming... he is losing money and does not want to hurt his own ego.
So are you a paid promoter for NT then? Or a 3rd-party contractor that's in bed with NT? I have encountered other idiots who tried to discredit me and it turned out they were 3rd-party contractors who were in bed with NT. Fun times. LOL
NT is not too "upfront" about things according to my experience with them. I dunno how they came up with that 500K users, maybe accumulative since they opened for business including the ones that have left like moi? LOL
I have no financial links or interest with anybody in the trading business. The fact that you only have bad experiences is a sign that you are biased and have a hidden agenda. A program that only has bad qualities does not exist and will surely not buy a FCM for their clients.
I was 20 years client at Omega Research (Tradestation), but moved to Ninjatrader in 2014 because it was better.
You were wong:
- NT7 still running and we have hard proof. You lied.
- Ninjatrader bought already Transact so no problem to be FCM. You lied about that too.
- I never lied about anything.
You also have no proof that other idiots who tried to discredit you were 3rd-party contractors who were in bed with NT. It is obvious that they make money from add-ons for NT, so they try to sells as much as possible. And if they can sell, the buyer will pay them, not NT.
If you meet a lot of idiots, maybe ask yourself the question if you are not the idiot and they are normal.
Well I couldn't use NT7 anymore. I either couldn't log on or when I do manage to log on, for some reason it just kept crashing on my PC so that's when I left Ninja Trader for good cuz I didn't want to put up with NT8 anymore. And that was LONG LONG LONG time ago.
Well there is a very simple way to check this. We just need to go to the CFTC site and look for a document called "FCM Financial Data". It's both in PDF and Excel format and it lists the financial information of all of the clearing FCM's. https://www.cftc.gov/MarketReports/financialfcmdata/index.htm. So if NinjaTrader is a clearing FCM, it should show up on this list. And as of May of 2021, NinjaTrader Clearing LLC is indeed a clearing FCM, what do you know?? It's one of the FCM's that has the lowest adjusted net capital but nevertheless it satisfied the $1 million capital requirement for clearing FCM from company funds only that's completely segregated from customer's trading funds. And this explains why I don't see Dorman or Philips listed as their associated brokers anymore on their website. But this is as of May of 2021. Now it's July 2021, are they still a clearing FCM? They should be considering that they have bought out TransAct Futures which would provide them the infrastructure that they need to be a clearing broker in futures. Wow, a lot has happened since I stopped using NinjaTrader.
But if they still are a clearing FCM, why are they so reluctant to answer your email inquiry to confirm this? They should be proud of advertising this fact.
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WHY are you repeating everything that @Laissez Faire is saying. Don't really give a s*** about what your fake experience at TradeStation. If you are not a paid promoter for NT, what's it to you that I think NT's lifetime license is not worth it?
Anyway, tell your boss NT sucks and stop pedelling the lifetime license!! Nobody wants it. LOL
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Well, to be honest, I think maybe that could have been an error on your end as I believe NT7 have been working continuously since when you were using it and up until now.
As you can see, NT is still answering NT7 posts and it seems there are many active users using it.
https://ninjatrader.com/support/forum/forum/ninjatrader-7/platform-technical-support
It's fine to criticize a platform. I have and have had my annoyances with NT, too, but some of them I even discovered were due to computer issues on my end. Point is maybe the issues you were having weren't directly attributable to NT itself.
Overall, for the price I'm paying I'm very happy with NT right now. Not a fanboy. Just a happy customer all things considered.
A lot have indeed happened. So, it's possible your criticism isn't quite up to date. They went from being simply a software provider to being an introducing broker (and in the process removing almost all other brokers who offered Ninja) and now being a FCM.
My impression is that they launched NT8 way, way too early. It seems to be fine now, but there were a lot of issues initially.
It's a bit odd. I discovered it by accident as I was planning to open a new account with Phillip and discovered that they no longer offered it, but now have their own FCM as an option.
They told me this week is the first week. My guess is that maybe they wanted it up and running before announcing it? They certainly didn't hide that they bought up TransAct.
https://ninjatrader.com/NewsReleases/NinjaTrader-Acquires-TransAct-Futures
I did receive a reply, but it was a bit vague. Seems like it's still early days for NTC.