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I moved to NT from Tradestation as TS technology seems outdated - no chart trading and to do something in a multitimeseries framework you have to perform lots of coding gymnastics, with GV or ADE etc. I use scripts that use multi-series logic so NT7 seemed to be a great choice as its very simple to achieve the same. but I've realized, especially going through some volatile markets like Silver and Crude in the last few months that NT7 is slow and has a lot of latency.
I dont know if its my connection to live feed (I use Kinetick) or something else. My broker has lower latency than Kinetick so I'm using Kinetick as a secondary feed now but I wonder if all this is making NT slow ?
I dont have any experience with Multicharts but have heard and read good things about it. Its pretty expensive at almost $10k so I'd love to hear other people's experiences before considering buying it.
I'd appreciate if you could please share your experiences with data feed latency in NT7 and/or Multicharts. For those who are more knowledgeable about this - does Multicharts have a better architecture for faster performance etc ?
Thanks much in advance for your thoughts...
Can you help answer these questions from other members on NexusFi?
-> either having problems with your data feed, data connection
-> or using a workspace with super indicators set to CalculateOnBarClose = false
NinjaTrader allows you to do a lot of things. If you do all of those things, it will be extremely slow.
As to Multicharts, my impression is that it is less resource hungry than NinjaTrader, as it has a simpler architecture. It will not cost you 10k, but the
- the discretionary version is free
- the lifetime license is $ 1497 without a discount
The expensive Pro Version is not much different from the standard version, main differences are the ability to do portfolio testing on up to 500 instruments (instead of 100), a connection to Bloomberg data feed and prime support. If you do not need those three features, you will be fine with the standard version for $ 1497.
I do have a lifetime license for MultiCharts and NinjaTrader. And, fwiw, atrader and AmiBroker as well. IMHO MultiCharts is the best on average. I am using IQFeed and have had latencies with all of the programs. That unfortunately just seems to be the ways it currently is with those retail programs. Luckily it happens not too often with MultiCharts...
And btw, the price you are mentioning is the "PRO" version which you would only need if you have a Bloomberg feed the regular version is $1497 IIRC...
There are a couple things you can do to try to speed up NinjaTrader.
First if you are using global crosshairs, Try switching to just regular cross hair. This really cuts down on cpu usage and screen flickering issues.
Second, if you are waiting up to a couple of minutes for NinjaTrader when you refresh you charts, switch from historical loading of data from days back to Bars back. This worked really well for me to decrease load times.
These two changes helped another member here reduce their chart refresh rate from 5 to 7 minutes down to 12 to 15 seconds.
Also, deleting expired instruments does not automatically removed their stored historical data. This data must be removed manually. Select Tools - Historic Data Manager - Edit. You will see a current listing of downloaded historic data.
Get rid of all unwanted data by selecting each item, then right clicking and selecting delete. When you have removed all unwanted data, select Tools - Options - Data - Repair DB.
This also reduces backup times from minutes to seconds.
When creating a new thread, note which subforum you are in. Here is a short list of suggestions:
- Topic: Anything to do with an Elite indicator -> Subforum: The Elite Circle
- Topic: Looking for an existing indicator, or how-to use an indicator -> Subforum: (the platform)
- Topic: Programmer needing help with non-Elite indicator -> Subforum: (the platform) - Programming
- Topic: Want an indicator created/modified -> Reply to "Want indicator created free" in Elite Circle
- Topic: Vendors (trading rooms, commercial indicators) -> Subforum: Vendors/Product Reviews
- Topic: Discussion of Forex or Currency trading -> Subforum: Forex and Currency Trading
- Topic: Journals of your trading -> Subforum: Trading Journals or Elite Trading Journals
- Topic: General trading related discussions -> Subforum: Traders Hideout
- Topic: Discussion of a trading method -> Subforum: Traders Hideout
- Topic: Automated Trading -> Subforum: Elite Automated Trading
Last, any Elite Member may create more or less any of these topics in The Elite Circle at your own discretion (your support is appreciated).
This is just a short general list and doesn't cover everything. If you are unsure where to create your new thread, just create it in Traders Hideout and a moderator will move it if necessary.
1. NinjaTrader is single threaded for charting. This means if you have a lot of charts, especially with indicators on them, then the charts can become slow. There is no magic formula for determining how/when/where, it is very dependent on what indicators you use, how many charts, how slow/fast your computer is, etc.
2. MultiCharts is multi-threaded for charting. This means each chart has its own thread. In modern CPU's, you have 4 or more cores, so if you are running 4 charts or more, then MultiCharts could be 4x faster, or more, simply because of the architecture.
Again, it will greatly depend on the indicators you are using and the number of charts. If you use relatively simple and well programmed indicators, you are unlikely to see a difference. If you use a bunch of indicators, especially ones calculating on each tick, or have a bunch of charts, then yes you will see a difference.
Ray (CEO NinjaTrader) will be here October 4th doing a webinar. I am sure he will cover a lot of advanced technical questions, since that is the purpose of this webinar. NinjaTrader 8 might come uptalking about "what is (planned) to come".