MTDS versus the MT Framework
Originally from ticket #2857.
I am interested in buying one of your frameworks.. Not sure which one - DoubleShot or NT Framework..
I would like to
1. Use it in Bloodhound
2. Use it in my own strategy code.
Can you please help me understand which is the best one to buy. They both are expensive
Thanx
-
Hi
The MT Doubleshot is only $699 - it is the only commercially available system for NinjaTrader written in unmanaged mode that allows you to create your own strategies in a few lines of code and allows you to interact with yout strategy, semi or fully automated - with off the shelf advanced Trade management features. It is lightweight and purpose built for you to create strategies.
It will not suffer from Overfills or order rejections for example that stop your strategy... as the default "Hobbyist Amateur" default mode of NinjaTrader will do. other tehcnologies sell through vendors with no trading or development skills for over $900 and are not written correctly in unmanaged mode, go out of sync, do not allow you create your strategies - they are effectively "Trade managers" etc... MTDS is all of that and an SDK.This is a live trade battle tested product - used by Woodies CCI Club traders -around 500 users over the time, Bluewave trading uses the same engine now (albeit an unreleased verison of it for 4 brackets), TradeFoxx and many other traders use it for their strategies too.
MT Framework
The MT Framework is in a state of flux, is not written in unmanaged mode, will suffer from overfills and strategy halts, is a collection of signals indicators and filters that allow you to assemble your own strategy rules with no coding... it will be undergoing a major release soon. prior to this next release it is slow, on some mahcines. it consists of many strategies that allows you to tune 1 or more signals indicator to trade with directly or to combine in a consolidated threshold of signals over 1 or many times frames and was the first tehcnology in 2006 to allow you do this - then followed bloodhound later which has a ui, and allows you to use other indicators - the difference with the Framework is that you have to use the MT Signals Indicators - but you dont need a complex UI to use it - but it is currently in the public release complex for people so this has been addressed by a new generic trader to be released soon. The MT Framework is $1495 but will go up in price post the new release- $2495 and will also include some more signals indicators and strategies. I would suggest you appraise this later on when the dust settles... it will be available for sim experimentation etc..MTDS
So i would say you are much better to use the MTDS - to embed the Bloodhound indicator into a strategy derived from it using their code examples to do so - and the MTDS SDK code examples also for which we can assist with that part for you to realise how to do it if you are an experienced developer with c# of an intermediate level - You would need to understand the SDK to know how to embed their technology into it - possibly bloodhound would need to provide support on how to use their indicator in your own strategy etc..
MTDS only supports 1 entry and 2 scale outs... supports market orders only. But can be modified to allow you to enter long or short on a breakout for example where a price trigger will submit the order - like a stop entry order for example. For an example of how that could look see here:
http://bluewavetrading.microtrends.co/wp-content/uploads/2014/05/BWT7.0.2.6.pngNote the 2 virtual orders to buy at 99.93 or sell at 99.54 - we can customise the MTDS for and would take around 1 day of dev time to do so.
We can provide tech support on the SDK samples but we do not offer coding support for your strategies - for that MT development team would provide a project support.
IF you are not an experienced coder do not worry we have a way to assist you with the cost of the MTDS and to provide development services - as below.
MTDS via the Dev Team
If you were to setup a project with the development team - you would get $200 off the price of the MTDS via a special development team coupon that gives you discount. So that would be $495.
And they would be able to wire up Bloodhound into the MTDS - assuming that it is still possible for the Bloodhound indicator to be used in a 3rd party strategy and not just their own.
Here is a video on how to install it and use a sample strategy written/ derived from it.
https://www.youtube.com/playlist?list=PLtKS2GMs9w4U5sfvbaHt8Flv99oVLBMRPHere are some more examples on how to code with it.
http://forum.microtrends.co/showthread.php?163-MTDS-SDK-ReleasesFeel free to download it and try it in the live market to see how it works.
If you would like to you can get a quotation from the dev team - Ben will be able to assist with this.
http://www.micro-trends.co.uk/ninjatrader-development/Ben has had experience of setting up the Bloodhound Technology to work with custom strategies - and knows the MTDS which many traders use after they realise the defaul NT strategies are only good for prototypes and not live trading - so that means Ben can create the MTDS derived strategy for you to utilise Bloodhound assuming no changes on the Bloodhound side has taken place since last project.
Historically setting up the Bloodhound to work with a MT technology took from 2 to 5 days - however they much improved and refined their technology and i think it would be a 1 to 2 day job... but really not 100% sure until it is looked at by Ben ...we do not keep in touch with what they do... but after that setup phase you should be able to not repeat that phase- and reuse the strategy you create for all your Bloodhound rules etc...
MicroTrends Support
support@microtrends.co
http://www.microtrends.co/support/Tip! You can visit the help desk forum to see previous answered frequently asked questions:
http://microtrends.zendesk.com/forums0
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