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I used to trade with NT7 back in 2014 and the platform was great, now it is worth nothing + you can use it only with their broker. Try to check Agena Trader platform. It is a little bit similar to NT7, but with many other and much better functions.
You are at least second contributor who mentions that you can use NT only with their broker, which is not true! I wonder where you got this opinion?
My point of view is that NT8 is much, much better than NT7!!
I like NT8 as I can code pretty much any concept in C# and see it realized. I have made some complex indicators that work perfectly in NT8. I have not tried this with other platforms, as I am very happy with NT8. Other platforms may offer more built in options, but I don't really care as I can make whatever I like with NT8.
Well yes you can go through other brokers, but for those looking for brokers that specialize in futures it only makes sense to use Ninjatrader brokerage. Most traders want to do something like Amp or EdgeClear using Rithmic or CQG data. You can only use Rithmic and CQG data through other brokers if you're grandfathered in.
but this is a very pricy solution because you have to pay full rithmic fees, no data discount as most brokers provide. As everybody knows IB data is not suitable for charting purposes, so you do have to pay too much for data in this combination. This is especially an important issue for beginners.
I also have a lot of experience with NT8 (new license). Finally if you want to have competitive running costs as a beginner, you do have to choose NinjaBoker with CQG + Lifetime License (1100 USD), no other option possible.
In my eyes this is a highly questionable marketing approach used by NT, because most beginners are not able to understand the implications. Everybody I know who started out with NT8 lifetime license realizes after a couple of month that it was bad decision to pay 1100 USD for NT8 for different reasons.
My advice to all trading beginners: Be very carefull with this NinjaTrader offering. There are way better solutions available to learn about trading. At a later point when you really know what it means to trade, you can still choose NinjaTrader. But I wouldnt expect many more experienced traders to switch to NT.
What do you mean by: " you have to pay full rithmic fees, no data discount as most brokers provide"?
I pay 30 USD per month. It doesnīt seem to me too much...
Advantage of NT is that you can buy it, so you pay one payment and it is all. As for Sierra Chart, you can only rent it. I have bought NT ten years ago, so if I count it, it is a difference of thousands of dollars!
But Iīm not recommended anything to anybody (I canīt compare).
Trading is not about your platform, it about you and your system. If you are very comfortable with multi charts, then great stay in your comfort zone and don't challenge yourself any more than the the huge challenges of trading. Ninja-trader is an extremely powerful programming/trading platform for writing very advance applications or just simple ones... if your are just writing simple trading apps then stay where you are. If you want to write super apps then you need a super programming platform and the complexity that comes with it. Cheers