Hello, Traders! Today, we’re diving into the Sonic system on two powerful charting platforms—TradingView and NinjaTrader.
Whether you’re a loyal user of TradingView, prefer NinjaTrader, or you’re curious about both, this comparison will give you valuable insights into how the Sonic system performs on each.
Key Differences: TradingView and NinjaTrader for Sonic
- Accessibility and User Base: TradingView is accessible across Mac, PC, and web, making it highly popular and versatile. On the other hand, NinjaTrader offers time-tested reliability and caters to funded account traders, who often appreciate its stability.
- Signal Consistency: The Sonic system signals are the same on both platforms. When TradingView indicates a short signal at 5865.50, NinjaTrader displays the exact signal. Both platforms show stops and targets set with the Average True Range (ATR) for consistent accuracy.
Setting Targets and Stops
Both versions of the Sonic system use the ATR for target levels. You can set targets at 1x, 2x, or 0.5x ATR, adjusting based on your trading style. Stops are placed a few ticks above or below the shaded box on the chart, a key Sonic system feature.
NinjaTrader and TradingView Customizations
NinjaTrader
NinjaTrader offers an audio alert for signals, ATR-based targets, and a configurable five-tick stop. Customizable chart colors and styles allow traders to tailor their views. NinjaTrader’s setup is compatible with Apex and other funded accounts, as it’s not an automated bot.
TradingView
TradingView allows similar flexibility, with options to adjust text size, colors, and signal settings. It also features alerts for key trading signals and a filter period option, like NinjaTrader. This keeps you in tune with market trends by filtering short or long entries based on the trend line.
Best Practices with the Sonic System
- Avoid Overtrading: Resist taking every single trade; three to five trades a day is often ideal, especially if you’re up $200–$300. Walking away helps avoid potential losses from overextending.
- Trade Entry Tips: If the stop and target don’t align, it’s wise to skip the trade. Alternatively, if you can improve entry by a couple of ticks, it could enhance your risk-to-reward.
Sonic System Configuration: Behind the Scenes
For both platforms, the Sonic system uses two alerts to create signals. You can adjust each alert individually, adapting to your preferred trading rhythm. Both platforms offer a range of color and style customizations.
Ready to Get Started?
If you’re intrigued by the Sonic system, you have options for a yearly subscription or a lifetime plan. DayTradeToWin offers an accelerated mentorship that includes all courses and software as part of a live trading room experience.
For more details or to sign up for a free member account with some trial access, visit daytradetowin.com and start exploring unique, price-action-based trading strategies.
