The broker Velocity Futures provides X-Trader7 TT with a FESX round trip all in commission of EUR 2.46 for small traders doing 0-2499 contracts/month (they provide X-Trader for free, i.e. I don't pay the USD 500 monthly fee to TT but my broker charges me an additional USD 1.00 for each round trip, i.e. I pay EUR 2.46 round trip with free X-Trader, whereas I would pay EUR 1.46 only if I was paying the USD 500 monthly fee to TT). Since I am a small trader doing 0-100 contracts per month, I use X-Trader for free and pay EUR 2.46 round trip.
I really like X-Trader and feel comfortable with it, I like the speed, the DOM, and the times and sales (tape) provided by X-Trader.
However I am considering switching to Ninja Zen-Fire as Velocity charges EUR 1.76 (instead of EUR 2.46 for X-Trader). If I was doing the switch, I would pay for the lifetime Ninja licence that costs around USD 995, rather than leasing the platform and pay USD 50 monthly to Ninja.
If I was using Ninja, I would save EUR 0.70 per round-trip, i.e around USD 1.00 per round-trip so It would take me 995 round trips to break even the Ninja lifetime licence against X-Trader commission structure. If I do 40 round trips per month on average, it would take me just over 2 years to break even the Ninja lifetime fee against X Trader commission structure and since I am young and expect to trade for many years to come, the Ninja alternative seems to make sense from a commission perspective.
However, I'd like to ask you how Ninja compares against X-Trader in terms of performance. I did a Ninja demo but since it wasn't the live version of Ninja, it's hard to compare against X-Trader.
From what I know, the skilled and professional traders in prop shops use X-Trader and it is considered as the Rolls of the trading platforms. I don't know any pro who uses Ninja. When I say pro, I am talking about the sucessful and experienced traders who use 50+ cars per clip and do over 20,000 round trips /month so I can't compare with my volume and it make things difficult to compare platforms at a retail level. Especially as traders doing 20,000+ RT per month get better commission rates with X-Trader than Ninja. That is the opposite is terms of commissions for small traders.
So my question is: is Ninja as good as X-Trader, can we compare them for scalping?
Is Ninja's DOM as quick and detailed as X-Trader (so can you see the order flow and read the level2 exactly the same on both platforms, i.e. same volume hitting bids and asks)?
Has Ninja a Times and Sales functionnality and if it does, does it has the same level of details as X Trader, i.e. not only showing the volume per price but also showing if the volume was done on the bid or on the ask)? I really like X-Trader times and sales as it shows a detailed view of the volumes hitting bids and offers.
If I was to switch to Ninja, I would need Ninja to be as performant as X-Trader in the areas described above.
I am waiting for your comments and advices.
Thanks
I really like X-Trader and feel comfortable with it, I like the speed, the DOM, and the times and sales (tape) provided by X-Trader.
However I am considering switching to Ninja Zen-Fire as Velocity charges EUR 1.76 (instead of EUR 2.46 for X-Trader). If I was doing the switch, I would pay for the lifetime Ninja licence that costs around USD 995, rather than leasing the platform and pay USD 50 monthly to Ninja.
If I was using Ninja, I would save EUR 0.70 per round-trip, i.e around USD 1.00 per round-trip so It would take me 995 round trips to break even the Ninja lifetime licence against X-Trader commission structure. If I do 40 round trips per month on average, it would take me just over 2 years to break even the Ninja lifetime fee against X Trader commission structure and since I am young and expect to trade for many years to come, the Ninja alternative seems to make sense from a commission perspective.
However, I'd like to ask you how Ninja compares against X-Trader in terms of performance. I did a Ninja demo but since it wasn't the live version of Ninja, it's hard to compare against X-Trader.
From what I know, the skilled and professional traders in prop shops use X-Trader and it is considered as the Rolls of the trading platforms. I don't know any pro who uses Ninja. When I say pro, I am talking about the sucessful and experienced traders who use 50+ cars per clip and do over 20,000 round trips /month so I can't compare with my volume and it make things difficult to compare platforms at a retail level. Especially as traders doing 20,000+ RT per month get better commission rates with X-Trader than Ninja. That is the opposite is terms of commissions for small traders.
So my question is: is Ninja as good as X-Trader, can we compare them for scalping?
Is Ninja's DOM as quick and detailed as X-Trader (so can you see the order flow and read the level2 exactly the same on both platforms, i.e. same volume hitting bids and asks)?
Has Ninja a Times and Sales functionnality and if it does, does it has the same level of details as X Trader, i.e. not only showing the volume per price but also showing if the volume was done on the bid or on the ask)? I really like X-Trader times and sales as it shows a detailed view of the volumes hitting bids and offers.
If I was to switch to Ninja, I would need Ninja to be as performant as X-Trader in the areas described above.
I am waiting for your comments and advices.
Thanks
