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I would not recommend it, I just spent $3 grand on ninja and indicators and consider it a complete loss. Unless you trade with brackets you will lose money because sooner or later ninja will crash on you in the middle of a trade. Which is normal for almost every app ever made if it rarely happens, but for me just having two ES charts running, another TICK chart, and about 5-7 indicators and the thing would completely close on me on average every three days! I thought it was normal coming from TOS and trying TradeStation (they suck too). Ninja may be popular, but they chose a poor coding language to write their app, and it’ll probably just be a matter of time before you'll want to use something else. IMO
I'm using NT8 for about 1.5 years now with 6 different charts open (Tick, Minute, 3 different Renko bar types).
Having many different (properly coded!) indicators and strategies loaded as well, I NEVER had any kind of crash or platform freeze so far.
I run NT8 on 2 different DEDICATED trading computers which are appropriately equipped, but not oversized.
So bottom line I can't complain at all, but that's just me....
"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
I think most complaints about NT8 can be managed by proper care in choosing indicators and tools and using appropriate hardware. (Due to important changes in the platform, many indicators and tools that used to work fine in prior editions could not port over well into the new NT framework.) In the early days of NT8 it was a nightmare, but many traders are posting on this forum every day using it, and without problems. I know that some are not, and I do not know what the difference is, so I am not discounting anyone who has problems. But I don't think they are widespread.
Bringing up a slightly different idea, NT7 (yes, 7) is fast, solid and reliable. If you are reasonably self-sufficient, and can get along with the vast library of NT7 indicators/tools here on FIO, and don't need a lot of hand-holding from support, it is actually superior to many other platforms in the market. I don't know what kind of support you would get from NT, but I think their help people still support it. On my hardware, it is way faster and steadier than NT8. (I use Sierra Chart now, but that is another story.)
I'm not suggesting you use NT7, and NT8 clearly is the future for the NinjaTrader organization. It also is much better-featured than NT7 and it's what new things are being written for. But I thought I would add this thought. NT7 is available on the NT website for download, last I looked.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
I 100% agree - Ninja charts are prone to be slow especially in Fast markets like the daily open etc. As result I have two back up brokers. Last week the ES futures chart was more than 3 points behind price on a 2 min chart. Real shame it is 2021 NinjaTrader still refuses to fix basic issues so the platform is as fast and stable as Sierra Charts.
Sierra is very solid just not easy to learn - at least for me.
TradeStation is solid. But Like ThinkorSwim they both have pros and cons. TOS is Definitely Not for scalping. If https://tastyworks.com/ ever gets robust charting they will give TOS real run for the money, at least for option traders.
I am trading equities and use Ninjatrader for charting only. I have around 62 charts as well as a Market Analyzer window running with live data for the full market session as well as several hours around the market session - in total around 14-15 hours a day. I havent had any crashing issues for a long time - longer than I can remember.
I'm gonna push back on this. Ninja 8's current iteration -- I haven't had a crash in two years and it's very fast if you have a decent machine and internet connection. Most of the complaints I see about Ninja refer to either Ninja 7 or the first iterations of 8. Those opinions, in my mind, are outdated. I am an actual scalper; the platform executes flawlessly. I'd say give it a try. Also, I trade stocks on Tradestation, and it's no comparison for ease of use and execution. Ninja, at least for me, is much, much better.
Michael
PS Dang, just looked up and saw I wasn't a wizard anymore. So sad.
When you say scalping what timeframe as an average trade are you talking? Also what instrument are you trading and what order entry do you use? DOM, chart trader etc.