I'm sharing my thoughts on the two softwares, and how their differences matter, and I am curious to see if anyone else has similar experiences.
Programming: I've got a few years with Java, and am learning C# now, and I'm a big fan that I can actually write relevant code from scratch, and make easy adjustments and tweaks. For those reasons I've been excited about the upgrades to Ninja Trader in the last iteration of the software - 8 - over it's previous versions. Trade Ideas 4 is essentially a graphical user interface, where I see code writing as much much easier, but not as in depth and not as accurate. Some of the nuances of a more accurate algorithm may be lost, but likely not enough of a difference where one system would be better over the other.
GUI VS DOS: I've tried Trade Ideas 3 previously, and was interested, and with 4th version of the software it seems they're equivalent to Ninja Trader 8, in the same way that they're the Windows 95, and Ninja Trader 8 is the DOS version back in the idea. Rather than programmable from scratch, everything is much more intuitive, as it is a GUI based system. Here I would have to program, that when a certain couple closes above the lower band of a BB, along with certain support crosses, I buy. I have no issues in writing the code, as it can be made more specific. But it seems that there the code is written for you, and all I have to do is select 1) Close above Bollinger Band 2) Cross above Daily Support1.
EXECUTION: The biggest difference, however, is the fact that TI4 runs the entire stock market, without any lag, since it's not run on YOUR computer, you just receive the results immediately. The trade off, it's not an automated service, and you would have to enter any trade. However, I find that I wouldn't trust NJ8 to run by itself anyways, and would rather use provided entries and exits as a signal as well.
With NJ8 there is no easy way, if at all possible, to pull all of the stock market information. I would have to physically type out all 14,000 - 500 SP500 - 100 Nasdaq (that's over 13,500 TICKERS). Then I would have to download DAILY the data from somewhere that would even allow that many connections - not sure it's possible - if I wanted to run the strategy on all those. Additionally, it seems unless I have a super computer, the system would hang almost 100% of the time, because even running a simple strategy on SP500, NJ8 crashes or gets kicked almost all the time.
Taking automation out of the equation, seems like TI4 does everything the same, but with 0 need for programming knowledge, no chance of crashing, and immediate calculation speed. In other words, I'm able to run the same strategies on there, without any issues for ALL PUBLICLY traded stocks, and simply set up alerts where I can validate the few trades I'd get during the day.
Any others seeing the same thing, or do you KNOW how to load 14K stocks on NJ8, what connection to use to not get disconnected, and have 1000GB RAM to be able to run the program without crashing?
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