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Old Feb 25th, 2009, 10:33 AM   #1
Unhommefou
 
 
Join Date: Jul 2008
Location: Somewhere near Tampa, FL.
Posts: 125
Okay,

So, on the advice of many people on this board, I downloaded Ninjatrader, just to play around with it.

Once I got used to backtesting stocks via Yahoo! data, I purchased some historical data for Forex and Futures, and had a ball testing out strategies (I even discovered that my simple Bollinger Band strategy that I was prone to extreme periods of drawdowns that I did not know about and that I assumed that I sucked at trading and that was why I was losing).

Needless to say, I love this thing.

My issue is that I would like to trade Forex, but I ALSO want to use NT.

So, IYHO, are the NT supported (not counting IB because I am not willing to drop $10Gs into a trading account just yet) brokers any good, or should I just suck it up and use a MT company like Oanda, CMSForex, or FXCM...
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Old Feb 27th, 2009, 10:17 AM   #2
Unhommefou
 
 
Join Date: Jul 2008
Location: Somewhere near Tampa, FL.
Posts: 125
Does anybody use Ninjatrader for Forex trading?
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Old Feb 27th, 2009, 11:51 AM   #3
cstfx
 
 
Join Date: Mar 2007
Posts: 4,000
You're limited to the fx brokers you can use with NT. Right now that is IB, MBT and Gain.

http://www.ninjatrader.com/webnew/pa...ng_brokers.htm

They were going to hook up to the Hotspot servers too, and there was some good news AND bad news on that front.

The good news is that they got it to work with the Hotspotfxr platform, the bad news is that Hotspot sold their retail to FXCM.

So...

- if you like to use a bucketshop, use Gain/Forex.com

- if you prefer ECN execution(like) but want as much leverage as possible, use MBT

- if you want a broker that makes you margin twice to place a gbp/jpy trade (or any of the other crosses if USD is you base) then use IB.

BTW, I use NT to trade fx and futures with IB.


(Sidenote: if you don't have the 10k to open an IB account, then stick with one of the other aforementioned brokers, like Oanda or MBT which allow you to trade in really small lots - $400 min on MBT and $1 min on Oanda)
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Old Mar 2nd, 2009, 08:05 PM   #4
muxsat
 
 
Join Date: Feb 2009
Location: hoboken,nj
Posts: 2
Can I use Ninja for fx,futures, and equities and if so what broker is best?
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Old Mar 2nd, 2009, 09:54 PM   #5
cstfx
 
 
Join Date: Mar 2007
Posts: 4,000
Quote:
Quote from muxsat:

Can I use Ninja for fx,futures, and equities and if so what broker is best?
Yes, and there is only one broker that allows trading of all three in the same account.
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Old Mar 3rd, 2009, 12:15 AM   #6
muxsat
 
 
Join Date: Feb 2009
Location: hoboken,nj
Posts: 2
is that?
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