NexusFi: Find Your Edge


Home Menu

 





Ninja and Interactive Brokers


Discussion in NinjaTrader

Updated
      Top Posters
    1. looks_one dale1670 with 6 posts (0 thanks)
    2. looks_two cunparis with 3 posts (0 thanks)
    3. looks_3 Jaap8242 with 2 posts (0 thanks)
    4. looks_4 monpere with 2 posts (1 thanks)
    1. trending_up 13,749 views
    2. thumb_up 1 thanks given
    3. group 7 followers
    1. forum 17 posts
    2. attach_file 2 attachments




 
Search this Thread

Ninja and Interactive Brokers

  #1 (permalink)
 dale1670 
Nepean, ON
 
Experience: Advanced
Platform: Ninjatrader
Broker: interactive brokers
Trading: es
Posts: 25 since Sep 2009
Thanks Given: 30
Thanks Received: 4

I have been using Ninja Trader to paper trade futures for a few months, and am now trading real money directly with Interactive Brokers. I have been considering buying a license to use NJ for live trading, (so I can utilise ATM strategies) but am debating the cost and have some concerns.

I wuld appreciate some feedback from anyone usng Ninja, in partcular with IB. I know there have been some issues, but it doesn't appear the problems posted would affect me.

My main concern is with order entry, if I place an order through Ninja using an atm strategy which includes trailing stops, and subsequently have an issue, i.e. computer freezes, lose internet connection. Will my initial stops have been placed with IB? It seems that would be the case from what I have read on Ninja's page, but I am looking for confirmation, as well as any other input.

Thanks to all in advance, and thanks to everyone on this forum for the great information.

Dale

Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Better Renko Gaps
The Elite Circle
Futures True Range Report
The Elite Circle
Exit Strategy
NinjaTrader
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
ZombieSqueeze
Platforms and Indicators
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
61 thanks
Funded Trader platforms
39 thanks
NexusFi site changelog and issues/problem reporting
26 thanks
Battlestations: Show us your trading desks!
26 thanks
The Program
18 thanks
  #2 (permalink)
 nobody 
Waterloo
 
Experience: Advanced
Platform: IB
Broker: IB
Trading: ES
Posts: 1 since Sep 2009
Thanks Given: 2
Thanks Received: 0

You should be fine. Once the initial order filled, the ATM orders(stop,etc) will be placed in IB and then if there is an issue at your end, your ATM orders will still be there in IB.

Reply With Quote
  #3 (permalink)
 
cunparis's Avatar
 cunparis 
Paris, France
 
Experience: Advanced
Platform: Market Delta & Ninjatrader
Trading: ES
Posts: 2,565 since Jun 2009
Thanks Given: 1,162
Thanks Received: 2,093



dale1670 View Post
My main concern is with order entry, if I place an order through Ninja using an atm strategy which includes trailing stops, and subsequently have an issue, i.e. computer freezes, lose internet connection. Will my initial stops have been placed with IB? It seems that would be the case from what I have read on Ninja's page, but I am looking for confirmation, as well as any other input.

Are you wanting Ninjatrader for the DOM? Or the chart trader? I think it's great for both of these.

I have multibroker and use Ninjatrader with Zenfire mainly but I've used the DOM with IB and it worked fine. Stops are held on the server. Ninjatrader does crash and even more often it just kind of freezes for 30 seconds. My stops have always worked as expected even when Ninjatrader is frozen (happens usually when there is a lot of market activity, like around news time).

Are you trading stocks or futures? If futures I highly recommend zen-fire. If you're daytrading stocks then it's ok, but if you hold overnight you have to deal with the IB disconnects.

Hope that helps..

Follow me on Twitter Reply With Quote
  #4 (permalink)
 dale1670 
Nepean, ON
 
Experience: Advanced
Platform: Ninjatrader
Broker: interactive brokers
Trading: es
Posts: 25 since Sep 2009
Thanks Given: 30
Thanks Received: 4

Thanks nobody, that's what I thought but was looking for confirmation.

Started this thread Reply With Quote
  #5 (permalink)
 dale1670 
Nepean, ON
 
Experience: Advanced
Platform: Ninjatrader
Broker: interactive brokers
Trading: es
Posts: 25 since Sep 2009
Thanks Given: 30
Thanks Received: 4

Thanks Cunparis, I am mainly trading futures with IB, I don't hold anything overnight. I have other accounts that I trade stocks and options with. I opened the IB account to keep the option of trading Forex etc. as well as futures. The DOM is great but the main interest I have in Ninja is the atm features, it just doesn't seem nearly as effective to manage trades using the TWS from IB. For example buying 2 contracts, taking one off with one point, moving remaining stop to b/e and trailing it, to let it run.

Thanks again,
Dale

Started this thread Reply With Quote
  #6 (permalink)
 
cunparis's Avatar
 cunparis 
Paris, France
 
Experience: Advanced
Platform: Market Delta & Ninjatrader
Trading: ES
Posts: 2,565 since Jun 2009
Thanks Given: 1,162
Thanks Received: 2,093


dale1670 View Post
Thanks Cunparis, I am mainly trading futures with IB, I don't hold anything overnight. I have other accounts that I trade stocks and options with. I opened the IB account to keep the option of trading Forex etc. as well as futures. The DOM is great but the main interest I have in Ninja is the atm features, it just doesn't seem nearly as effective to manage trades using the TWS from IB. For example buying 2 contracts, taking one off with one point, moving remaining stop to b/e and trailing it, to let it run.

Thanks again,
Dale

Ok I was calling the ATM the DOM since I do it all in the DOM. I agree, I couldn't trade without the DOM. And in using the DOM i'm learning to read the tape rather than look at charts. I do both but I'm getting better and seeing support & resistance on the DOM.

I have thought about doing Forex but no one recommends IB and I'm not sure why. For now I prefer futures for Euro. 1 pip spread is nice and no head games with the broker. But I'd like to trade some other pairs. Maybe. Eventually.

Follow me on Twitter Reply With Quote
  #7 (permalink)
 dale1670 
Nepean, ON
 
Experience: Advanced
Platform: Ninjatrader
Broker: interactive brokers
Trading: es
Posts: 25 since Sep 2009
Thanks Given: 30
Thanks Received: 4

How do you use the DOM to detrmine support/resistance? If you see larger numbers at a certain level?

Thanks,
Dale

Started this thread Reply With Quote
  #8 (permalink)
 
cunparis's Avatar
 cunparis 
Paris, France
 
Experience: Advanced
Platform: Market Delta & Ninjatrader
Trading: ES
Posts: 2,565 since Jun 2009
Thanks Given: 1,162
Thanks Received: 2,093


dale1670 View Post
How do you use the DOM to detrmine support/resistance? If you see larger numbers at a certain level?

When you see price move up to a certain level and then back off repeatedly. For small levels it's easier to see it on the dom (like intrabar) but for larger levels it's easier to see it on a chart.

Follow me on Twitter Reply With Quote
  #9 (permalink)
 dale1670 
Nepean, ON
 
Experience: Advanced
Platform: Ninjatrader
Broker: interactive brokers
Trading: es
Posts: 25 since Sep 2009
Thanks Given: 30
Thanks Received: 4

I see it do that all the time when it gets to my profit target, However it seems to punch through my stops without any trouble.

Thanks Cunparis

Started this thread Reply With Quote
  #10 (permalink)
 Jaap8242 
Netherlands Amsterdam
 
Experience: Advanced
Platform: Sierra Charts
Broker: Infinity Futures
Trading: FGBL
Frequency: Every few months
Duration: Hours
Posts: 86 since Oct 2009
Thanks Given: 137
Thanks Received: 104



dale1670 View Post
I have been using Ninja Trader to paper trade futures for a few months, and am now trading real money directly with Interactive Brokers. I have been considering buying a license to use NJ for live trading, (so I can utilise ATM strategies) but am debating the cost and have some concerns.

I wuld appreciate some feedback from anyone usng Ninja, in partcular with IB. I know there have been some issues, but it doesn't appear the problems posted would affect me.

My main concern is with order entry, if I place an order through Ninja using an atm strategy which includes trailing stops, and subsequently have an issue, i.e. computer freezes, lose internet connection. Will my initial stops have been placed with IB? It seems that would be the case from what I have read on Ninja's page, but I am looking for confirmation, as well as any other input.

Thanks to all in advance, and thanks to everyone on this forum for the great information.

Dale

Hi Dale,
I use NinjaTrader(Simulation Version) with IB account. For orders, I use Bracket Trader.
Bracket Trader uses the feed of IB and it works perfect. You can download a version for free , which can handle 1 or 2 instruments.

Jaap

Reply With Quote




Last Updated on September 25, 2011


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts