Ninjatrader review reddit
Written by Jin Won Choi on Aug. Last update on July 27, Man using trading terminal from Shutterstock. Unfortunately, answering this question can be complicated because each broker has his or her own unique way of charging fees. This means that different ninjatrader review reddit will cost more depending on how the individual uses the account.
In particular, I will look into three popular Canadian brokers - QuestradeInteractive Brokersninjatrader review reddit Virtual Brokers - to see which one of the three would end up being the least expensive, taking earnings into consideration. Before we go on, I must disclose that I receive affiliate income from Questrade.
The following list spells out the exact assumptions I used in my analysis. Note that Virtual Brokers has different commissions structures, so I chose to use the "Classic" commission ninjatrader review reddit for comparison.
Out of the three brokers, trading stocks cost the most with Virtual Brokers. This wasn't the case up until recently, when they used to charge just 1 cent per share for each trade. However, they have ninjatrader review reddit changed commission structures to court more active traders. Questrade's trading costs are half that of Virtual Brokers.
That means a trade would only cost 1 cent per share if you buy between and shares. The biggest drawback of Interactive Brokers is their ninjatrader review reddit fee. If you pay less than 10 USD in trading fees each month, they will charge the ninjatrader review reddit as an inactivity fee. Furthermore, they will charge this amount per account. Lastly, whereas it costs nothing to register an RSP account with either Questrade or Interactive Brokers, it can cost substantially more if you want to hold U.
While an RSP account that can only hold Canadian dollar investments costs ninjatrader review reddit, an account that can hold U. Under Virtual Broker's old commission structure, ninjatrader review reddit which broker was cheapest wasn't so straightforward. But with the commissions changes, I believe Questrade is currently the cheapest out of all the major discount brokerage ninjatrader review reddit that offer registered accounts.
Broker Interactive Questrade Virtual. If you enjoyed this article, you might be interested in our free newsletter. Enter your email to get free updates.
Choi is the founder of MoneyGeek. He has a PhD in financial mathematics, and he worked at a top performing fund for 2 years. Virtual Brokers Questrade vs. This article has been updated to reflect prices as of July 27, Has 2 registered savings accounts RSPs. This fits the description of someone who makes a monthly contribution to buy one ETF a month. I will also assume that each trade i. Will purchase stocks 4 times a year and sell stocks once a year.
I will also assume that each trade consists of shares. A Canadian who wants to buy U. Which One Should You Choose? Broker Interactive Questrade Virtual Short url: Choi's commentary on current ninjatrader review reddit events All this is available for free. Join others and subscribe using the box below.
OK, Good News First: I ran across this https: Opened the 'Instruments' list and discovered lots of crypto pairs and futures that had not been there before and started to get excited, but then noticed an oddity So I created another instrument with the ninjatrader review reddit data only of type 'Forex' and then started getting live feed.
One caveat tho, to get a solid historical block of minute data loaded you will have to ninjatrader review reddit to the Historical Data dialog and download it 7 days at a time. Ninjatrader review reddit seems there ninjatrader review reddit an issue with the API request being able to process large interval periods.
Going ninjatrader review reddit to work but wanted to put this out there for those wanting to get BTC data to test against their strategy's. Will explore further in couple days ninjatrader review reddit report new progress. Big Props to Samuel Reed for the work done on this plug in so far. Many thx for this post, as I couldnt quite figure out how to deal with that stock thing. Finally, I was even able to load the original stock xbtusd tweaking it I dont quite remember what exactly I ninjatrader review reddit that let me load it, I guess I added a symbol in the provider symbol list.
Ninjatrader review reddit can even get a tick chart, which is what I needed, but in this case you will only have real time data plotted on the chart. It only ninjatrader review reddit the option for futures. I tried creating futures contracts for xbtusd with different parameters but it didnt work. However, creating custom instruments for use with Bitmex and the expected behavior is not documented on our end. Since Bitmex is technically a third-party add-on, I would recommend contacting BitMEX support directly to learn more about the possibilities when creating custom instruments intended to work with their connection and how level II data may be affected.
I am also unable to load this instrument in the SuperDOM. I would recommend reaching out to BitMEX support to report what is occurring. Are you able to get historical tick data into you nt platforms? I mean, you get frequent connection drops you just stop getting any data, even though you are connected and the connection indicator is greenthere's no last price marker in super dom. Well that's too bad.
I wouldn't be risking any money with a junk platform like that. I was hoping to hear some good info about it, but it seems you are confirming what I've already read on the Bitmex reddit feed. There are a ton of complaints about the system freezing and not accepting orders etc.
Definitely not the kind ninjatrader review reddit place you want to actively trade leveraged futures, bin there done that back in the day with the mt4 bucketshops.
I guess I will check out the bitfinex api. It seems they have the best trading engine in the business for now, ninjatrader review reddit what I've read. Hopefully the ninjatrader plugin is unproblematic. Bitmex looks enticing anyway, since I dont know any other major exchange offering futures on crypos or any considerable leverage. You can't enter an order with even a stop attached, have to key it in separately, and slowly, on a platform that regularly freezes and refuses orders, on a market that can move at light speed And to be honest, do you really need much leverage with bitcoin?
I'm definitely going ninjatrader review reddit check out the bitfinex api though as it allows historical and real time tick data feed and order entry from ninjatrader. Looks like you can't enter an oco or an attached stop, but at least you can do apply a stop pretty quickly via chart trader If you could do an oco or auto-attached stop with your order on these exchanges I wouldn't be so wary about them, but the ninjatrader review reddit is they can't handle all of the order flow they are getting and Bitmex in particular has a system where they freeze out new orders when the market maker bots overload their system.
I would never enter an order on an ninjatrader review reddit set up that way without an oco order, or at least ninjatrader review reddit stop attached to the entry order.
Seems like a bucketshop in that respect. I might try out Bitfinex with a small account just to check it out, but really hoping the volumes on the CBOE start gaining some real traction in the new year I've been eyeing Ninjatrader review reddit too, it would be great if you could share your experience of it here.
Hopefully it works out better than Bitmex. I will ninjatrader review reddit you know about the bitfinex api when I try it, but it probably won't be until February. Bitfinex have stopped opening new accounts until Mid Jan as they claim their system is overloaded with new applications and they want to expand their infrastructure before opening it up to new traders.
I'm just going ninjatrader review reddit paper ninjatrader review reddit it on CBOE and Kinetick for a month or so and follow the bitfinex story for a while before risking any money with it. It's seems like a very risky outfit at the moment You just look at the volumes and spreads, compared to Bitmex. Looks like ninjatrader review reddit gonna take quite a bit for any real bitcoin trading to get going on these exchanges.
If you can't get historical tick data into ninjatrader from Bitmex then I don't see the point of setting it up. If it's realtime data only, something about it just sounds underdeveloped and fishy. Can you be sure the volume data you are getting is correct and corresponds with the ticks? What happens when you restart nt8, does all the data disappear? I can't work with that I don't think it will be long before CBOE starts doing volume. Most brokerages that will be offering it are still just rolling it out to customers.
And once the first ETF get's ninjatrader review reddit based on Gemini exchange, which is full compliant and regulated and ready to go, there will be lots of volume coming into the contract I'd say six months ninjatrader review reddit it will be deep enough for day trading I never use volume data so I don't care about it being correct.
I haven't tested this with the BitMEX addon specifically, however, you could enable 'record live data as historical': Keep in mind that real-time data must be actively flowing into the platform for this to work.
In other words, NinjaTrader must be connected for the data to be recorded. If you are not using ninjatrader review reddit in your trading you could get perfect data from kinetick.
I don't have kinetick setup as I think it's overpriced. I'm just ninjatrader review reddit convinced by the Bitmex api for ninjatrader at this time. Furthermore, I don't see how an exchange can bill itself as an exchange for 'professionals' when their order entry platform doesn't offer a basic ninjatrader review reddit or attached stop functionality. No dom price ladder, no chart trading, etc And of course their trading engine freezes you out as soon as their market maker bots decide to jam trading engine with high frequency orders.
Sounds like a bucket shop scam to me if I've ever heard of one Imagine you are trading in a fast moving market and unable to choose a price quickly on a dom, if you get filled it will be at a terrible price, otherwise you order will bounce due to their freeze rule. Imagine you do get filled and you now want to put a stop in and they disconnect you or freeze you out What pisses me off is that all that bitcoin stuff is supposed to be high-tech, right?
And what you get is you can't even connect a ninjatrader review reddit trading program so that it functions normally. The only thing these buckshop owners care about is lining their pockets with your money, nothing new about that I heard Michael Novogratz on bloomberg just last week mention Bitfinex as the best and most liquid venue out there, and the owner of the exchange has a hedge fund that arbs Bitfinex with Bitstamp, so seems to me this is the best bet at the moment.
Haven't read about any problems with their platform or trading engine freezing like Bitmex. In fact it is a policy of Bitmex, a freaking policy ninjatrader review reddit freeze out your orders There are so many trading opportunites, and so much volatility, if you are consistent, you can run up a small account with 3. In bitcoin, 5x ninjatrader review reddit be perfect, imo. I will try Bitfinex in the new year. There is a demo for their ninjatrader front end api, and I will give it a try in January before buying it It's sold ninjatrader review reddit https: Bitfinex has the volume, real volume, not fake market maker ultra-leveraged volume at Bitmex I love the way it trades, and I love the fact that it is decentralized etc.
I'm just waiting to see if they provide an audit for it, and how that all plays out ninjatrader review reddit going in If it proves to be legit and safe, I'd have no problem parking some money in it Can anybody who is using the ninjatrader bitmex api tell me if simultaneously running the api to bitmex and connecting to a futures brokerage for live trading causes any issues in NT8?
There is no technical limitation to having Bitmex and a ninjatrader review reddit futures connection active simultaneously. Does this mean that their api product that delivers their data is not of high enough quality to be included in the Ecosystem? Hi Patrick, I am interested in getting tick data from Bitmex for Ninjatrader 8.
Somewhere in the thread you or another support hand indicated that saving chart data as historical would provide a solution. Does this present a problem for updating my CQG datafeed charts with refreshed historical data on restart? If I set record live data as historical, does that imply that any errors in the recorded chart data will not get refreshed and corrected with accurate historical data from the server upon restart?
The suggestion to enable 'record live data as historical' in the context of this thread was because no historical data was being received from the data ninjatrader review reddit and therefore it would be useful to record the live data as historical.
If you receive historical data from your data provider, then enabling 'record live data as historical' is redundant. In fact, it is specifically mentioned in the help guide to NOT enable 'record live data as historical' if you receive historical data from your data provider: Ninjatrader review reddit is not possible. You may find that you do not run into any issues. However, if you experience issues when reloading futures data then you'll need to disable one or the other 'record live data as historical', 'get data from server' to troubleshoot the issue.
Please let me know how to fix this issue, Ninjatrader review reddit would like to see the actual volume coming in from bitmex. I experience the same behavior. Please reach out to Bitmex support to learn more about if volume data is supported through the connection with NinjaTrader.
With that said, I was ninjatrader review reddit to test this as of yet as the volume of these instruments is quite low.