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Edmonton AB. / Canada
Experience: Intermediate
Platform: NT 8
Broker: Amp / CQG
Trading: NQ index
Frequency: Several times daily
Duration: Seconds
Posts: 47 since Apr 2017
Thanks Given: 29
Thanks Received: 50
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siamak121 View Post
Hello
I am confused Between Ninja(life time license) and Book map specially for using new order flow indicators in Ninja(Order Flow +: Includes Volumetric Bars, Market Depth Map, a Volume Profile indicators & mor).
please if you have experience about using simple and practical on these two platform give me an advises .
thanks so much all.
I've used Sierra Charts and Ninja Trader for order flow tools and Market Depth.. I've found NinjaTrader to be lacking for utilizing many useful order flow tools/concepts. I also believe that because this is such a "niche" following they aren't interested in developing the platform to serve us. I have heard other traders comment favorably about "bookmap" for market depth for what its worth... "Jigsaw" got very favorable reviews and they've got really good tutorials/support for everything you mentioned. So if you are considering purchase of NT for orderflow - I'd say meh,
choose Jigsaw or Sierra Charts - but be ready for a steep learning curve. I haven't heard of anyone choosing bookmap for orderflow (no one I know anyway).
Sierra Charts does all three very well and its costs are reasonable (monthly) but, (there's always a but) the learning curve is comparable to TradeStation (my opinion). I'd say four to six months before I was comfortable in implementing the new indicator ideas I had - even then I had to borrow footprint setups from friends. But wow, the functionality of SC's footprint is outstanding. There's a "pullback" feature that lets you monitor trades going on now while charting 30 minute bars and on and on.
Having said all that I set up my NT8 6 months ago (because I own it) and because TopStep uses it with Rithmic data. Sierra Charts stopped using Rithmic. I'm only using a couple of bare bones order flow ideas to pass my combine. (nuff said)
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