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Edmonton AB. / Canada
Experience: Intermediate
Platform: NT 8
Broker: Amp / CQG
Trading: NQ index
Frequency: Several times daily
Duration: Seconds
Posts: 48 since Apr 2017
Thanks Given: 29
Thanks Received: 51
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siamak121 View Post
Hello
I am confused Between Ninja(life time license) and Book map specially for using new order flow indicators in Ninja(Order Flow +: Includes Volumetric Bars, Market Depth Map, a Volume Profile indicators & mor).
please if you have experience about using simple and practical on these two platform give me an advises .
thanks so much all.
I've used Sierra Charts and for order flow tools and Market Depth.. I've found to be lacking for utilizing many useful order flow tools/concepts. I also believe that because this is such a "niche" following they aren't interested in developing the platform to serve us. I have heard other traders comment favorably about "bookmap" for market depth for what its worth... "Jigsaw" got very favorable reviews and they've got really good tutorials/support for everything you mentioned. So if you are considering purchase of NT for orderflow - I'd say meh,
choose Jigsaw or Sierra Charts - but be ready for a steep learning curve. I haven't heard of anyone choosing bookmap for orderflow (no one I know anyway).
Sierra Charts does all three very well and its costs are reasonable (monthly) but, (there's always a but) the learning curve is comparable to TradeStation (my opinion). I'd say four to six months before I was comfortable in implementing the new indicator ideas I had - even then I had to borrow footprint setups from friends. But wow, the functionality of SC's footprint is outstanding. There's a "pullback" feature that lets you monitor trades going on now while charting 30 minute bars and on and on.
Having said all that I set up my 6 months ago (because I own it) and because TopStep uses it with Rithmic data. Sierra Charts stopped using Rithmic. I'm only using a couple of bare bones order flow ideas to pass my combine. (nuff said)
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