Hey guys, A little about me - I've been writing algos on and off for about a year and a half now. I started with Quantopian way back using python to write stock algos, then realised I couldn't live trade with it, so that put me off that. I then found MT4 and MetaEditor and the world of forex... I was immediately in love with the simplicity of the language (C#), but I ditched it because forex just felt impossible to code around with all the volatility and news based price action. (I'm sure there's exceptions to this - but does anyone have a similar experience with it?) I finally landed on NinjaTrader and scalping futures, which is amazing and seems to fit way better. I'm wondering if anyone has experiences with successful Ninjascript trading systems and what advice they have etc. I've written up a few, one with a 76% success rate over 50 days but I'm starting to see how commission and tax really can have an impact...I'd also like to know about the reliability of backtesting using the Strategy Analyser vs Market Replay... Who's out there! :)
I started day trading in 2015 with zero experience. After all these years of testing methodologies back testing stocks,options, futures and forex, I was wondering what is the best platform for trading futures and Forex. I have tried MLQ4, TOS, and NinjaTrader. I am currently using Ninjatrader for my futures trading. I found out from my personal experience that to become a consistent trader, one has to manage risk to stay in the long game. This is now my morning trade on the NQ.
WikiFX: the murky business and the murkier methods
https://preview.redd.it/1rf74ljv34l51.png?width=960&format=png&auto=webp&s=566235871ce22dd3078f0532dfb672bff6eb0707 The irony of financial markets is that this business that officially has got as much regulation as arms trafficking, has also got the same problem –- numerous illegal entities that evolve around the niche. Scam brokers, funds recovery services that rob the robbed traders, HYIPs, “learn how to make millions overnight” trading courses and a number of other schemes all tend to exploit the weak point of human nature – the belief that there is the magic device with the “MORE MONEY” button out there, that someone can sell you.
A thief shouting “Thief!”
Considering the above there is a high demand in society for truthful and unbiased information about the market players. WikiFX claims to be the provider of such honest information about brokers but in fact, makes money by blackmailing brokers and promoting any company that offers to pay enough in their rankings. WikiFX is a classic illustration of a thief shouting “Get the thief!” louder than anybody else in the crowd. The strategy works unfortunately and traders tend to trust WikiFx broker’s ratings without questioning what these ratings are based on and who sponsors this global brokers’ database.
Paving the road with some good intentions
Even the most horrible crimes against humanity were done under the cover of best intentions. Starting with the first crusades and ending with the holocaust. There are always some sound arguments, protected people and reliable methods. Ask any trader whether each forex broker must be regulated by a third party? The answer will be “yes” with a near 100% probability and this answer is totally correct. Know-your-customer procedures and some unbiased third-party control are essential for maintaining the overall transparency of any business in a sphere of finance. This is the argument that WikiFX starts with when promoting its service and there is absolutely no point to argue. Starting with an indisputable truth is a good strategy to win the debate. “The long-term presence on the market adds credibility”, – says WikiFX, and hears “yes” again. “Don’t you agree that the longer the company is in the business, the better?”. “Sure”, – the trader agrees one more time. The mission is completed. This is when the broker ranker can add any other criteria to their appraisal methods. Traders will tend to trust the service because they’ve agreed upon the most important criteria. The rest are minor details. But what if the rest of the appraisal methods are not just minor issues? What if these details can be the means to manipulate the facts as much as they want to?
Can WikiFX appraisal criteria be trusted?
If we take a look at any broker’s WikiFX rating, we can see that the criteria of appraisal are the following:
The year of registration
Regulations
Market Making license
Software license
For example, this is what the top-rated broker’s summary looks like at WikiFX: WikiFX Forex com example https://preview.redd.it/t4ugtbt344l51.png?width=625&format=png&auto=webp&s=95fddf8434faf8938d1a3f18bbd5f1da2ceb47e4 Looks good. Really. Regardless of the attitude to this particular brokerage, the work seems to be done fine. All the regulators are listed below, the information on the used software, licensing, and years of operation is included. But what if we take some other random brokerage with one of the lowest rankings at WikiFX? NinjaTraderBrokerage WIkiFX Ranking https://preview.redd.it/pgyqp0u644l51.png?width=631&format=png&auto=webp&s=eb268faac83608a494c31a39eb1621f7132e3520 This is where the truth reveals itself. Once again, regardless of the attitude to this particular brokerage this is really easy to find out what they do, what licenses they’ve got and what kind of software they use. Suspicious clone? Seriously? If WikiFX staff cared enough to do any investigation prior to stamping that “Suspicious” mark on the brokerage, they would have seen that both domains, nijatrader com and ninjatraderbrokerage com belong to the same entity. NinyaTrader whois data https://preview.redd.it/2097lkw944l51.png?width=563&format=png&auto=webp&s=079cc4248b825a3cd941c6b691a67bb9769f4f7f If they cared enough to collect information on the brokerage from at least one reliable source, like Investopedia or any other similarly known database, they would also have found out that the company not only provides the brokerage service, but also is known for its trading platform with advanced technical analysis tools. But the only trading software that WikiFX considers reliable seems to be MT4/MT5. They simply ignore the fact that trading does not evolve around MetaTrader products, no matter how good and popular they are. WikiFX lowers the score of any brokerage with custom-developed software. We can clearly see this with the above example. Other criteria that WikiFX is proud to use for the broker’s appraisal are regulations. Using the same example let’s see how well they do the appraisal in this field. As you can see above, WikiFX used the “Suspicious Regulatory License” stamp for NinjaTrader Brokerage. And here is what The National Futures Association, that NinjaTrader is registered with as a futures broker has on its record: NFA regulation of NTB proof that WikiFX did not consider to be trustworthy https://preview.redd.it/di8fwkdd44l51.png?width=629&format=png&auto=webp&s=2de618d5df26bd8fcca99c51a6030f4bdfa7f776 We can’t expect every trader to know that any futures broker that wants to operate on the US market must be a member of NFA. This is the requirement of the Commodity Futures Trading Commission regarding the futures broker’s operations. But this is totally unacceptable for a broker ranking website, which WikiFX claims to be, to mark NFA-registered futures brokerage as non-reliable. By the way, did you notice on the above screenshot that NTB has obtained the NFA license in 2004? Yet, this does not prevent WikiFX from claiming that the brokerage has only been providing its services for 1-2 years only, instead of the factual 16 years of operations. We can long discuss the reasons that lie behind such selectivity of WikiFX but this random example clearly shows that any brokerage that provides access to non-forex derivatives trading or dares to suggest custom-developed software to its traders is in danger of receiving a negative review at WikiFX regardless of the factual reliability and regulations.
What lies beneath WikiFX selectivity?
WikiFX claims to have a team of professionals that are all involved in objective appraisal of broker’s services, licenses and used software. The methods used by these professionals remain unrevealed and as we see from the above comparison two similarly reliable brokerages can get any score from 1.0 and up to 10.0 at WikiFX, no matter what regulations they’ve got, for how long they’ve been in the business and what kind of software they use. This is difficult to say what lies behind such selectivity with 100% confidence. The first thing that comes to mind is that WikiFX might be affiliated with some brokers. The hypothesis gets even more realistic if we try to understand who sponsors WikiFX. There are no transparent built-in ads neither on the web-version of the website nor in its applications. There are no paid subscriptions for access to the database. This means that users sponsor the service with neither their attention to ads nor directly. Being the non-charity and non-governmental organization WikiFX can’t be sponsored with donations or a government. The only option that we have left is that brokers sponsor this ranking system directly, which automatically makes the whole system non-reliable and highly biased. The only transparent method that we know WikiFX uses to collect money is sponsorship fees they collect from their offline events participants. Let’s have a look at the exhibitors of the recent WikiFX Expo in Thailand. WikiFX Expo Exhibitors
TLC is a non-regulated investment platform that was founded in 2019
Samtrade FX is not regulated by any of the agencies that WikiFX itself lists as reliable
Forex4you is not regulated by any of the agencies that WikiFX itself lists as reliable
B2 Broker is a non-regulated broker
XDL FX is a non-regulated broker
VAT FX is a non-regulated broker Six out of sixteen WikiFX recent expo exhibitors do not have proper legal status according to the “standards” of WikiFX itself. This fact does not prevent them from promoting the services of these companies at their offline events. This conspicuous fact tells a lot about the attitude of WikiFX to common traders looking for reliable partners. Reputation is nothing but a sale item for this brokers’ ranking system.
Murky & Murkier
So far we’ve only discussed the facts that anyone can check himself using free tools and sources. It was not that difficult to discover that WikiFX uses non-transparent standards for brokers’ appraisal. It ignores the specifics of some brokerages lowering their scores due to non-standard derivatives they offer to trade or custom trading software. It also promotes non-regulated and non-licensed brokerages, which is 100% against the declared WikiFX values and mission. The rumors are that this company was also noticed blackmailing brokers with the purpose of making them pay for better reviews at WikiFX. There are also some signs that indicate suspicious promotion of WikiFX platform through social media and Quora. Some of the WikiFX positive reviews also look highly suspicious. All of the above is a matter of further investigation. Nevertheless, thousands of users keep relying on the information provided by this scam ranking system. It may even look like all these users are satisfied. WikiFX has got 4.5 starts at Google Play, which sounds good enough. However, positive WikiFX reviews use similar semantics and are also highly suspicious. Despite the high average grade, Google Play finds the following messages to be most relevant and brings them to the top of WikiFX reviews: Google Play most relevant WikiFX reviews https://preview.redd.it/kftutvcl44l51.png?width=532&format=png&auto=webp&s=1ccb74ee156388285a2fab711dd604945c04377c
You’ve got the facts now and it’s time to make your own conclusions.
Hi, I'm new to daytrading and i have a few questions. I'm from the netherlands btw so not US based. 1. What is the best platform+broker for a +/-500,- account? I really dont want to spend too much on monthly costs and fee's, but i do need a good platform with level 2 quotes, real time america stocks data and customisable charts. If this has already been asked, can someone please send the link to the post?
What is the best way to papertrade on the stock market? (For stocks between 1-10 euro's) I tried some, but some platforms have 15m delay, and not reliable level 2 quotes. And others don't have the data feed i need. For example ninjatrader only has forex or future papertrading data feed. But I do like the platform.
Seeking advice on platforms (or not) for integrated Algo development.
Starting at ground-zero as an Algo Trading developer, I am hoping for some advice on platforms for operationalizing strategies—i.e. would like to ultimately only build things 2 to 3 times before actually getting a clue of what I should have done to begin with. ; ) I have 20+ years of professional software development experience, mainly writing backend services in Perl, Java, Python, JavaScript or Go. Finance was my Major as an Undergrad. Instruments of interest are Options, Futures and maybe Forex. First question; should I even seriously choose an integrated environment, or—like everything else I do for a paycheck—build something from 'scratch' because of bad fills or high commissions? Normally, for a question like this, in some order, I'll do exhaustive feature comparisons, correspond/talk with vendors, kick some tires and talk to peers to make sure nothing has been missed, however, nobody I know has ever done anything like what people here are doing or trying to do, so... Has anyone had experience with Quantower? Quantower looks impressive and allows for writing strategies in C#. Noted also that cTrader Automate (formerly known as cAlgo),MultiCharts .NET and NinjaTrader (via NinjaScript) also have integrated C# or C#-ish software language strategy development and IB allows C# as well as other languages via the Trader Workstation API. C# seems like a good choice (nowish) for the sake of portability as it looks like more platforms run on Windows than Mac or Linux and most support integrated strategy development using the C or C++ or C# languages, or scripts based thereon. People mention a lot of interest in using R and Python, two languages I like, though their support for integrated strategy development seems to be only slowly catching up to the other languages. Is this accurate?
Question: What are good platforms for paper trading?
Hi guys, what are some good platforms with charts that I can papertrade? I used to use NinjaTrader and IB paper account long time ago, however this option is no longer availible since IB requires real time data subscription. I could use demo account from NinjaTrader, but its only for futures OR forex. I would like to have the option to trade stocks and etfs in one place as well. Since I only need end of the day data, I would prefer some free alternative. Thanks for your suggestions!
I will be streaming from my Xbox one X and next years Xbox to twitch mixer and YouTube. Will mostly be doing forex/futures trading and potentially stocks trading as well. Thank you for the help --------------------------BUDGET-------------------------------------------- [$1000 pc] My budget. Date I will buy: asap Willing to spend $1600 on entire setup [ ] before or [ x] after tax. See this website for sales taxes in your US state. [ x] I'm OK with rebates to get to my target price recognizing I will pay more upfront. What country are you buying in? U.S ---------------------------USAGE-------------------------------------------- List programs and indicate distribution with percentages: xx% [ ] Gaming: [ x] 30% Gameplay streaming to Twitch, YouTube, etc. [ x] 5% Photo/Video editing: [ x] 40% Trading: MetaTrader 4, ninjatrader, more trading applications. [x] 15% Web Browsing: multiple open tabs for research and communicating. --------------------------MONITORS--------------------------------------- Select one: [ ] < 1080p [ x] 1080p60Hz [ ] 1080p144Hz [ ] 1440p60Hz [ ] 1440p144Hz [ ] 4K 60Hz [ ] 5760x1080 - Triple Wide [ x]I own [ ]don't own this monitor I own 1 monitor, but would also like to add at least 2 more monitors higher resolution and possibly use a tv as well. --------------------------OVERCLOCKING--------------------------------- [ ]I am willing to overclock my CPU/RAM Not sure what overclocking is or what it will do for my situation. --------------------------ENVIRONMENT----------------------------------- What environment do you expect the Computer to live in? [ ] Hot [ ] Dusty/Pets [ x] Always on [ ] Low noise [ ] Normal --------------------------PERIPHERALS------------------------------------ I have: I have nothing yet [ ] Mouse: [ ] Keyboard: [ ] Headphones/speakers: I need: [ x] Mouse: [ ]flawless sensor, Grip: [ ] palm [ ] fingertip [ ] claw [ x] Keyboard: [ ] mechanical [ ] quiet [ ] tenkeyless [ ] backlighting [ x] Headphones/speakers: Preferred headphone form factor ([ x]over ear, [ ]on ear, or [ ]in ear) and [ ]sound isolation? Do you have a preferred sound signature? What music genres do you prefer? --------------------------OPERATING SYSTEM----------------------------- I’m sure I can get windows for cheap [ ]Need Windows? [ ]Do you have access to DreamSpark or a similar program that allows you to get an OS for a reduced price/free? ---------------------------INTERNET--------------------------------------- [ x] I can connect to this computer with [ x] a cable or [ ] a Powerline Adapter [ ] I need wireless connectivity. ---------------------------OP's PARTS------------------------------------- I don’t have any parts yet besides 1 Monitor. I am a first time builder. If you guys have a suggestions on a nice large table that would be great as well. Thanks again!!!!
Recommended Free Charting Software, paper trading?
So I've been trying out several charting software such as ninjatrader, thinkorswim, traderview, yahoo finance, TC2000. Each has their benefits, but what's unfortunate is the delayed data. The delay is about 15 minutes. Also if you're papertrading on thinkorswim it doesn't execute orders based on the displayed 15 minute delayed data, instead it's based on real time data. It's difficult to take a position without defaulting to market price which is very different from what you think it is. What's also weird is how the price on robinhood is closer to realtime than the various charting software I'm using.I trade on robinhood btw. My question is there free charting that has better live data service?Are they all behind a pay wall? If so what do you recommend?Is live data service not available on stocks?(ex: thinkorswim has live data for futures/forex, but not stocks. Is that because I don't have any real money in it?) Update: Thinkorswim you just need to enable live data by going into your account settings on the website and sign up for real Time Nasdaq level II quotes"
Using TD Ameritrade Brokerage with NinjaTrader 8 automated strategies?
Hey Guys, I'm new to this community and haven't seen any posts on this topic, so if someone has asked/talked about this before let me know. Anyway I have been looking into algorithmic trading but currently use TD thinkorswim to execute trades manually. When searching for brokerages which allow for development of automated trading strategies I came across NinjaTrader, which seems to allow for custom strategy development and execution. The problem is that the NinjaTrader brokerage only provides service for Options, Forex, and Futures, but not Stocks/ETFs. Despite this, NT lists TD Ameritrade as a supported equity brokerage, which has me wondering if it is possible to develop a trading algo in NinjaTrader 8 and use the TD brokerage support to execute it for stocks. If I'm correct in this assumption, does anyone have experience with this/know any more on the topic? If I'm wrong, what brokerages/platforms have options for automated trading strategy development for stocks?
You can use TD Ameritrade's real-time equity data for free, for paper trading without the 20-minute delay.
In case people didn't know, if you use a platform which "contains" a paper trading acccount, rather than relying on the TOS platform entirely, you can take advantage of the free real-time US equity data for paper trading. So to keep this simple you can get NinjaTrader for free here, it's generally considered a free platform for those who didn't know. https://ninjatrader.com/FreeLiveData When you get NT through this method, you can pick Futures or Forex data. You can go back and fill out each one if you'd like say, do Futures first (that'll be through CQG and give you a lot of data for 7 days or 14, I can't recall) and the Forex through FXCM. Regardless, you don't have to use either one if you don't want. After that you'll be able to download NT installer, I always go with NinjaTrader 8, it works well. Rather than 7, that is. Simply click "connections" in the main panel once it's open, and add a TD Ameritrade connection with the same login/pass you'd use to login to TOS or your TD/AT online account. One important thing to note: If you want tick data, at the least NinjaTrader will say give you 10 tick, 2, 1 tick or even intervals like 1s (literally type 1s or 10s or 1t 3t 10t etc and hit enter when you have a chart open) but I believe it's derived from the bar data, if that makes sense. Also if you're viewing anything less than the 1 minute bar timeframe, itll just start off at the time you've opened the chart with such tick/second/range/interval data, and no historical on the chart. So if I'm doing that I like to open a second chart in another tab of the same instrument to show the historical data. So the paper trading account is within the NT platform, and so long as you make sure you have set up your default account to be say Sim101, the usual name of the default paper trading account, you won't be actually executing trades through the TD Ameritrade broker, but you get to trade on real-time data. Between this being free data, the possibility of using Rithmic, CQG and FXCM trials for futures and forex, you can get basically all free data. For a paper trader like me, that's nice because I have no skin the game... I think that's the saying. Keep in mind I'm not promoting NinjaTrader in any commercial capacity and have no affiliation with them whatsoever as a company or in any manner I can conceive. There's one other platform I use which isn't free that's compatible with TD Ameritrade's data and that's called MotiveWave. It also does support simulated trading very very well. I suggest checking it out and I'll just say Google MotiveWaveTM 4.2.8 Ultimate Edition ;) Hope this isn't just old news everyone here has known. If so, let me know. Happy trading and hope this coming trading week is a good one. Edit: Some other resources which at least have free trials available without necessarily needing any payment info I find useful are: 1) www.livesquawk.com (Especially Steve K's market signals... I've only heard of McAffe's signals but never tried them, however Steve K is a good guy and seems to really know what he's doing. Tl;dr, they work for me in paper trading). 2) https://www.tradethenews.com - you need a linkedin with 5 or more connections to get the free trial but they have a great squawk service with a guy from NYC who seems to be on literally almost 24 hours a day 5 days a week. 3) https://pro.benzinga.com - a Bloomberg Terminal alternative basically, but not as fancy... for more fancy see: 4) http://www.metastock.com/fundsoft4 This one isn't really explained the best on their own site, in my opinion but I've been using the free 30 day trial and what it is, is Metastock's own way of selling Reuters Eikon service. Eikon is about the best Bloomberg Terminal alternative I've found yet in many years of searching. I'm more into looking at data and figuring out how plats work than the actual trading in some ways. Important note on this one: Once you do have a trial, and they take a little while to rubber stamp it so be patient with the emails they send, you can login through the regular Reuters Eikon web login if you wish rather than using the Windows standalone program. They're the same one's just web-baed. 5) Lastly for now, https://www.money.net - definitely worth checking out. Has it's own live squawk for news during trading hours and definitely no payment info needed for a trial. You can login once trial acquired via login.money.net or the now 'legacy' installable platform. They're both good but I'm not crazy about the iOS/Android versions at all.
I'm looking for recommendations for paper trading on futures. Specifically, I'm looking at trading the e-mini and eventually some others. Does anyone have a good recommendation? I looked at ninjatrader but it seems like they have some kind of 14-day trial and not long-term paper trading setup. I'm also finding so much biased information/reviews online that I'm kind of lost at where to start with futures in terms of brokerage and platform. I'm paper trading Forex through Oanda and Tradingview since it's free at the moment to practice in that space, but the ES seems like a better fit for my style. Thanks in advance!
I am from Europe and in need of something similar to ThinkOrSwim's "OnDemand" feature for market replay with historically accurate data for stocks. I tried downloading NinjaTrader for this sole purpose, but from what i understand it's only for futures and forex. Anyone know of a solution to this? I am getting bored of having to wait for market hours to paper trade.
How do I use the simulated feature on ninja trade. It keeps saying “there is no market replay data available for the instrument”
I’m extremely new to trading so forgive me if this is a dumb question. I’m trying to use the simulator in Ninjatrader to show previous data of stocks in Nasdaq, but I keep getting the same message no matter which one I chose. If I choose things in the forex it works perfectly fine though.
Hello all Hoping someone could give me some advice, there has been lots of other discussions about this but no straight answer. I currently trade every day and do most of my charting using tradingview however it is limited as there are certain things that it just doesn't do compared to charting software. The software that would seem to do everything I need is Thinkorswim but you can't have it in the uk ! Main things I want is a ability to link multiple graphs with decent forex / stock live listings that you can click on and all the linked graphs change at once which you can do with thinkorswim. I don't need a broker platform, I just need decent charting designed for traders. Someone suggested Ninjatrade but that only works with Windows and I'm a Mac user ! Any thoughts comments or help would be greatly appreciated. Cheers Jon
Hello all Hoping someone could give me some advice, there has been lots of other discussions about this but no straight answer. I currently trade every day and do most of my charting using tradingview however it is limited as there are certain things that it just doesn't do compared to charting software. The software that would seem to do everything I need is Thinkorswim but you can't have it in the uk ! Main things I want is a ability to link multiple graphs with decent forex / stock live listings that you can click on and all the linked graphs change at once which you can do with thinkorswim. I don't need a broker platform, I just need decent charting designed for traders. Someone suggested Ninjatrade but that only works with Windows and I'm a Mac user ! Any thoughts comments or help would be greatly appreciated. Cheers Jon
Hello all Hoping someone could give me some advice, there has been lots of other discussions about this but no straight answer. I currently trade every day and do most of my charting using tradingview however it is limited as there are certain things that it just doesn't do compared to charting software. The software that would seem to do everything I need is Thinkorswim but you can't have it in the uk ! Main things I want is a ability to link multiple graphs with decent forex / stock live listings that you can click on and all the linked graphs change at once which you can do with thinkorswim. I don't need a broker platform, I just need decent charting designed for traders. Someone suggested Ninjatrade but that only works with Windows and I'm a Mac user ! Any thoughts comments or help would be greatly appreciated. Cheers Jon
[Sorry for the long post] So I've looked around this sub and I see a lot of high level or theoretical Algo discussions which I can appreciate but I'm kind of lost when it comes to practical applications and I don't even know if any service even exists that can meet my needs. Currently, I have a strategy that I think is a little profitable with 1 minute data intraday swing trading on USDJPY, it's very simple and written in Pinescript. I plug the pinescript into a 1 min chart on Tradingview and it spits out alerts for my trades. The alerts are picked up by a chrome addon called Autoview which sends the orders to 1broker using a special alert API. I hate it for many reasons: - Chrome with tradingview and Autoview must be running and checked frequently for glitches (sometimes alerts stop firing randomly) - Tradingview alerts are not meant to be used as orders so I lose any semblance of order management. Basically it fires alerts/orders for every entry point regardless of my current balance or positions. - Pinescript sucks. - 1broker uses bitcoins as currency, I like bitcoins but don't fully trust putting thousands of dollars into them when it could be rendered obsolete at any time without warning. So the reason I use it is because it meets all my needs. I'm just starting out and I have a fairly large income via my job (US) but it would take me at more than a year to save up 25k for a legit daytrading account. So I need to find a broker + automation combo with the following: - hedging within the same fund (is this not allowed in the US?) - can make unlimited day trades without needing $25,000 USD, low minimum account size - low or no fees - supports 24/5 forex or E-mini trading (options not required) - API for automation with somewhat low coding requirements. I am familiar with python but by no means am I an expert. I like looking at tradingview charts and backtest instantaneously via graphical interface but I realize this is probably not very common. I've spent a lot of time on both Quantopian and Quantconnect but neither of them can do intraday trading very well if at all. They are primarily focused on fundamental trading and I'm more into technical trading. I tried looking into Ninjatrader, metatrader, whatever but I found them very expensive, unnecessarily complicated, and beholden to the US's stupid trading laws. TL;DR - Can anyone tell me exactly how to implement my simple automated intraday FX strategy using a simple interface that doesn't require me to have a $25,000 US brokerage account and software that costs 1000's of dollars? P.S. If any other beginners are in the same situation as me you should look into 1broker.com + TradingView + Autoview, it's pretty sweet given the limitations it's working with.
What will you be doing with this PC? Be as specific as possible, and include specific games or programs you will be using.
Solely for trading stocks/shares/forex using NinjaTrader 8
What is your maximum budget before rebates/shipping/taxes? AU$1000 When do you plan on building/buying the PC? Note: beyond a week or two from today means any build you receive will be out of date when you want to buy.
Within the next 2 months.
What, exactly, do you need included in the budget? (ToweOS/monitokeyboard/mouse/etc)
Just the Tower.
Which country (and state/province) will you be purchasing the parts in? If you're in US, do you have access to a Microcenter location?
Australia, NSW
If reusing any parts (including monitor(s)/keyboard/mouse/etc), what parts will you be reusing? Brands and models are appreciated.
Will be getting new monitors based on Tower requirements. Eventually 6-8 monitors.
Will you be overclocking? If yes, are you interested in overclocking right away, or down the line? CPU and/or GPU?
No overclocking. Need a reliable machine to leave on 24/5.
Are there any specific features or items you want/need in the build? (ex: SSD, large amount of storage or a RAID setup, CUDA or OpenCL support, etc) Need it to run 7 separate applications at the same time smoothly, one of which will have 40 windows open simultaneously. Do you have any specific case preferences (Size like ITX/microATX/mid-towefull-tower, styles, colors, window or not, LED lighting, etc), or a particular color theme preference for the components?
No preferences.
Do you need a copy of Windows included in the budget? If you do need one included, do you have a preference?
No need.
Extra info or particulars:
If able to build for cheaper than AU$1000, even better. Main concern is running heavy CPU/RAM dependant applications 24/5.
About to start trading for the first time. Anyone wanna talk?
I don't really have any specific questions, just looking for general advice. Well, maybe one...see the bottom. I've gone through most of the babypips school, and just finished reading Courtney Smith's book. I have somewhat of a bit of background in game theory due to hobbies (I was one of the better players in the country in the national tournament scene of a certain video game, and have close friends who have been ranked in chess and poker who I have been playing with and learned a lot of game theory from), and tend to prefer boring, "turtle" strategies. I considered scalping, but I don't think it will fit my lifestyle (time consuming). So, I'm probably going to look at position trading the daily charts, and I'll start mostly with the methods from the book I was reading. I want to be as disciplined as possible- picking entry/exit points before entering the trade, doing as much of it automatically via stops as possible (which I will look at and adjust only according to TA), and looking at my positions once per day. No emotion. On a long flight yesterday I finally sat down and wrote up a trading plan, buying on a few techniques, all of which have set stops. I'll calculate my position size so that if I am stopped out (stops based on technical analysis) I will lose 1% of my account value. This also means that positions with wide stops will not be very profitable. I will write down every trade and what signal I used to make the trade. Every thirty trades, I'll eliminate my worst-performing signal and replace it with a different one, and see how I do. I did some backtesting on EUUSD over the first few months of 2009. Trading on inside days seemed profitable, as well as reversal days. Channel breakouts were iffy...I used the ADX filter to exit, and that let me exit at really good times, but because the stops were too wide (for long position, I was buying at 55 day high breakout and setting stop to 20-day low breakout) I was barely making any money off of it and that was wiped out by the bad trades. I need to figure out where I can place tighter stops on Channel Breakouts without removing too many winning trades. My biggest concern is that inside days seemed too consistent...I usually made almost as much money as I was risking on my stop every time I did it, barring one or two times where I basically broke even. Seems like a couple losing trades could've set me back pretty quickly and I should be seeing more. I should probably do more backtesting, but I feel a trial by fire would work better. I'll probably just set the risk to 0.5% instead of 1% and start a very small account and see how it does (I'd have to lose hundreds of trades in a row to get wiped out). Am I doing this right? And, the real question- what broker should I use? Right now I'm looking at Oanda. I saw a poster saying good things about IB and I'd rather use Ninjatrader because I hate MT 4, so I might look at shifting over to them when I have more money, but I don't have $25k liquid cash available to open an account with them. Oanda's flexibility with position size seems ideal for my ~1% risk on stop plan. However, the more I read about Forex brokers, the more nervous I get...they seem to make money when you lose and engage in all kinds of unscrupulous tactics like stop-hunting, slippage failing to trigger stops, and raising the spreads during big moves. Feels more like playing against the house than trading. This alone makes me feel tempted to go trade stock options instead with the same plan and see if that works. Thoughts?
What is your intended use for this build? The more details the better. Solely for trading stocks/shares/forex using NinjaTrader 8 If gaming, what kind of performance are you looking for? (Screen resolution, FPS, game settings) Eventually handle 6-8 monitors. What is your budget (ballpark is okay)? AU$1000 In what country are you purchasing your parts? Australia, NSW Post a draft of your potential build here (specific parts please). Consider formatting your parts list. Don't ask to be spoonfed a build (read the rules!). Have been considering Workstations with Dual Xeons (X5660, e5 2670) and also 5th Gen i7's but unsure if I'm heading in the right direction? Would a set up like this be powerful enough? Dual Xeon X5660 2.8Ghz (12 CPU Cores) 24GB RAM 256GB SSD Nvidia Quadro FX380 x3 Any help would be appreciated. NOTE: You do not have to follow this format, but please be sure to answer these questions. Please do not ask to simply be given a build. You are welcome to delete this section.
NinjaTrader Brokerage™ ist ein NFA-registrierter Makler (NFA # 0339976), der Maklerdienstleistungen für Händler von Futures- und Devisenprodukten anbietet. Futures-, Devisen- und Optionshandel enthalten ein erhebliches Risiko und sind nicht für jeden Anleger geeignet. Ein Investor könnte potenziell die gesamte oder mehr als die ursprüngliche Investition verlieren. Risikokapital ist Geld ... Der Broker NinjaTrader Broker, der 2003 gegründet wurde, bietet seinen Kunden den Handel von Futures, Forex und CFDs an. Es ist lt. Broker eine Mindesteinlage von 2000 $ erforderlich. Kommissionen fallen lt. Broker im Handel wie folgt an: Lifetime: 0,04 $ Lease: 0,05 $ Direct: 0,06 $ Forex Capital Markets Limited, Zweigniederlassung Deutschland (‚FXCM Germany') ist eine Niederlassung von Forex Capital Markets Ltd, zu großem Teil reguliert durch die FCA und in anderen Bereichen reguliert durch die deutsche Bundesanstalt für Finanzdienstleistungsaufsicht ("BaFin") [BaFin Registrierungsnummer 122556]. Registriert im Handelsregister in England und Wales mit der Nummer ... NinjaTrader 8 empowers forex traders with industry leading charting, analysis and automation capabilities Automated trading. NinjaTrader provides multiple solutions to automate forex trade execution including attaching orders to indicators for automated order execution. No programming needed. Market analyzer. Monitor forex markets in real-time based on your predefined conditions to quickly ... NinjaTrader is an award winning software designed for online trading of CFDs, stocks, forex and futures contracts. The software was designed by an American company known as NinjaTrader Group, LLC ... Forex Fury EA Review - Is it scam or good forex system? Sep 27 2017 15:32:55. The Forex Fury EA is a product which you may have heard about. The team behind it runs a website, which reviews other Expert Advisors and recommends two of their own. In this review, we will give you our unbiased opinion on the Forex Fury EA. Read more by Forex Ninja Trader Sep 30, 2020 Economy. Negative Interest Rates Planned For The New Year There hasn’t been a briefing by the Bank Of England (BOE) post-pandemic that hasn’t referenced the potential for negative interest rates. What is becoming clear is the central bank is considering lower borrowing costs... read more. Stock Market Value Exceeds Global GDP. Stock Market Value ... NinjaTrader 8 empowers forex traders with industry leading charting, analysis and automation capabilities. Uncover hidden opportunities and optimize your order execution using an award winning forex trading platform. Play Mute Full-Screen. Advanced Charting. Visualize the forex markets through fully customizable & actionable charts. Professional grade charting package displays bid and ask ... At Forex Ninja Trader, we would like to share our learnings with you… Learnings that shape our approach to trading. An approach with a focus on developing a trading mindset, coupled with discipline and effective risk management … and let you decide. NINJA TRADER. We spent many hours trawling Forex training websites and viewing YouTube videos. We implemented and tested many of the ... Forex . The Forex market is open 24 hours a day, 5.5 days a week. Because of the decentralized clearing of trades and overlap of major markets in Asia, London, and the United States, the market remains open and liquid throughout the day and overnight. As a trader, this allows you to react to favorable/unfavorable news by trading immediately. It also gives traders the added flexibility of ...
BECOME A FUNDED FUTURES TRADER (20% OFF): http://tracking.topsteptrader.com/SHFN BECOME A FUNDED FOREX TRADER (20% OFF):http://offers.topstepfx.com/SHHQ 2... Ninjatrader review 2020 - Pros, Cons, Fees & More Founded in 2003, NinjaTrader offers software and brokerage services for active traders. The NinjaTrader pla... Google email: https://accounts.google.com NinjaTrader FREE data: https://ninjatrader.com/FreeLiveData My website: https://www.trader-dale.com Get my NEW BOOK... Click to subscribe for next weeks video! Here: https://goo.gl/t6Kf7k How to place an order on NinjaTrader 8? Here are 4 ways you can do it through the basi... In this first tutorial we go over how to set up NinjaTrader, the installing process, how to set targets and stops, how to use the hot key manager, save you fib ret and ex to default, how to set up ... The next generation of NinjaTrader has arrived packing over 500 user driven enhancements! Featuring a dedicated FX board and other powerful advancements for active Forex traders, NinjaTrader 8 ... Ninjatrader 8 Tutorial 2020 (NinjaTrader Day Trading Setup, Indicators, Chart Trader) ... Trading Forex with NinjaTrader - NinjaTrader 7 Training - 12/23/2011 - Duration: 1:01:30. NinjaTrader ...
