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Ninja vs MC vs MD vs I/RT


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  #1 (permalink)
 djarum11 
Boston, MA
 
Experience: Intermediate
Platform: Sierra Chart
Broker: EdgeClear
Trading: futures
Frequency: Many times daily
Duration: Minutes
Posts: 41 since Jan 2013
Thanks Given: 25
Thanks Received: 28

new futures trader here (with 5yrs forex experience with MetaTrader4). i would like to get a better sense of the various platforms please:

i can outline my trade ideas mathematically, maybe edit some code, and create Excel formulas but i don’t actually code. low geek factor. i use volume-spread analysis (VSA) to read charts, no indicators. i am also getting heavy into volume profiling.
  • Between Ninja, Multicharts, Market Delta Charts, and Investor RT, which have a user-friendly, layman-oriented for creating price and volume based strategies? MT4 was a nightmare with way too many programming quirks. want to keeep it simple and don't need lots of power.
  • MarketDelta users, do you PREFER the simplicity of its interface? or do you feel restricted by it, ie. do you need other programs to do strategy testing/custom coding/etc.

PS- this is my first post. looks like a really helpful community here, Mike, and thanks i have already learned a lot.


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  #2 (permalink)
Amnesia
Vienna Austria
 
Posts: 112 since Mar 2012
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djarum11 View Post
new futures trader here (with 5yrs forex experience with MetaTrader4). i would like to get a better sense of the various platforms please:

i can outline my trade ideas mathematically, maybe edit some code, and create Excel formulas but i don’t actually code. low geek factor. i use volume-spread analysis (VSA) to read charts, no indicators. i am also getting heavy into volume profiling.
  • Between Ninja, Multicharts, Market Delta Charts, and Investor RT, which have a user-friendly, layman-oriented for creating price and volume based strategies? MT4 was a nightmare with way too many programming quirks. want to keeep it simple and don't need lots of power.
  • MarketDelta users, do you PREFER the simplicity of its interface? or do you feel restricted by it, ie. do you need other programs to do strategy testing/custom coding/etc.

PS- this is my first post. looks like a really helpful community here, Mike, and thanks i have already learned a lot.

If technical analysis is your thing then go for Sierrachart, there quite simply is no substitute for it in terms of its charting capabilities and the way it deals with resources. As for the the interface... ill agree its not the "shiniest" and takes some getting used to, but once that is over you will simply focus on whats important and infront of you.

If you are into footprint charts then market delta is superior, as for the rest go with Sierra.


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  #3 (permalink)
 djarum11 
Boston, MA
 
Experience: Intermediate
Platform: Sierra Chart
Broker: EdgeClear
Trading: futures
Frequency: Many times daily
Duration: Minutes
Posts: 41 since Jan 2013
Thanks Given: 25
Thanks Received: 28


I have narrowed my choices to InvRT and MultiCharts. I am building a home office and need to do my own testing, but can anyone verify that Cumulative Delta works as it should in MC?

from multicharts.com:

Ask Traded vs Bid Traded volume breakdown option
This method works as follows: - If the current tick price is higher or equals current ASK tick price, the volume of the current tick goes to BUY volume. - If the current tick price is lower or equals current BID tick price, the volume of the current tick goes to SELL volume. - If the current tick price is between ASK and BID prices, than the volume is recorded either to BUY or to SELL volume depending on what was the last recorded volume. Example: If a new tick comes with a price higher or equals current ASK tick price and its volume is recorded as BUY volume, and then another tick comes with a price that is between ASK and BID prices, the volume is recorded also to BUY volume. Note: When you plot Volume Delta chart, take into account that it doesn't matter what resolution is selected, additionally MultiCharts will request historical tick ask and bid data from your data source for the specified in chart settings data range, if Ask Traded vs Bid Traded is selected.


Does this mean that 'sell' volume will in fact show market orders that hit the bid, and vice versa for buy orders ?
Is this how InvRT/MD calculates this?

I would love to see any volume-based comparisons between the 2 platforms.

Thanks.


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Last Updated on May 8, 2013


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