Big Mike who has had very extensive experience with NinjaTrader came to the same conclusion I have: the myriad of problems and hassles surrounding NinjaTrader – all versions: 6.5 beta and 7 alpha – are just not worth the effort and investment of time. Check out his blog post: Big Mike’s Trading Blog: Tired of NinjaTrader?. There are several good reads in his forum about alternatives for anyone trading with a DOM.
One good solution I haven’t seen mentioned is a combination of InteractiveBrokers and ZeroLineTrader. I like this combo for a number of reasons:
1. IB’s TWS is rock solid, excellent stability and the broker itself is one of the more reliable ones (most of the time).
2. IB’s commissions are very reasonable, at $2 they might not be the cheapest around but not that far off for a small retail trader either. For a nice comparison of commissions see HPT’s post here.
3. IB’s universal account means I don’t need to split my account, I can trade stocks and futures in the same place. Including most futures contracts around the world.
4. ZeroLine Trader platform itself has been rock solid with a lot of very nice options for a very reasonable price. There are other alternatives like the cheaper BracketTrader but it’s bare bones, and ButtonTrader which is too complicated and expensive to my taste.
Anyways, this topic of IB TWS+DOM (ZLT or others) probably merits a proper separate post of its own. But the main point is that there are many alternatives and options available that one should spend some time to find what works for them, which is a better approach then trying to force their trading on something that doesn’t work too well.
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