NinjaTrader Review January 2024 Everything you need to know!

The further development of the new Strategy Builder from NinjaTrader Broker enables less experienced trading beginners to design and develop new strategies without programming knowledge. A fully automated trading strategy can be developed and designed by inexperienced traders via point and click with comparatively little effort. There are a number of reasons why traders of all skill levels diversify their portfolios with futures. Not only do they offer flexible sizing that allow those with less capital to enter the market, but they also allow for near-24-hour-a-day opportunities.

  1. Like NinjaTrader, TradeStation offers tools and training options as well as simulated trading, backtesting based on historical data, and charting.
  2. Natural Gas Futures
    Natural gas futures are a widely traded energy market that allows traders to speculate on the price of natural gas.
  3. This is something that an experienced system developer will be able to recognize.
  4. NinjaTrader is an open-source system, much like the MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platform.
  5. While there are no deposit fees or fees for incoming checks or wires, the only available payment options are via bank wire transfer and checks.

There are no guarantees that working with an adviser will yield positive returns. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors. For everyone else, however, this software offers too many features you don’t need and relatively few of the features you do. Finally, investors can use NinjaTrader to simulate trading (“paper trading”) for free.

Who Is NinjaTrader Best For?

By looking back into the past, it is possible to create a system for use in current markets. NinjaTrader 8 is a construction kit with many valuable trading tools. There are only a few limits for the development of indicators and strategies, which often just an experienced system developer recognizes. In my opinion, axitrader review manual trading cannot make money with technical analysis, but it can with automated procedures. The trading platform can be connected to the free Kinetick data with just a few mouse clicks. Once configured, NinjaTrader can be started simultaneously via the Kinetick feed, including the stock exchange prices.

Most investors simply don’t need this degree of specialization. It is unlikely, for example, that retail investors will even want to select a personal data feed and brokerage, if they would even know how to do so. Instead, a retail-facing brokerage will likely have its own trading platform that investors can use. To open an account with NinjaTrader through a third-party broker simply head over to the NinjaTrader website and select the financial instrument you want to trade. For futures trading you can open a brokerage account with Dorman Trading or Phillip Capital. Simply put, if your account balance goes below zero, you will be responsible for paying the losses.

The NinjaTrader platform is ideal for active traders who want lots of technical analysis tools. Futures and forex trading contains substantial risk and is not for every investor. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. When it comes to research tools and charting features NinjaTrader has a wide range of research and charting tools.

Strategy Builder

Thousands of third-party apps, as well as add-ons, allow for customization, fast order execution, and advanced market analysis. NinjaTrader is a US-headquartered and regulated brokerage that specializes in futures trading. There are three pricing plans to suit different needs and budgets, as well as ultra-low margins on popular contracts. The brand’s award-winning charting software and trading platform also offers a high-degree of customization and superb technical analysis features. NinjaTrader is a great addition to an online broker’s trading tools. These include advanced charting functions, market analysis, the development and execution of automated trading strategies.

What is Tradovate?

NinjaTrader has more than 100,000 registered users, 1000+ add-ons, and 600+ developers. A great feature of the platform worth mentioning is the ability to place simulated trades, complete with an imaginary account and profit/loss summary. The fact that NinjaTrader has been around since 2003 is definitely a good sign.

About NinjaTrader

To get the ball rolling, login to your NinjaTrader account and head over to the control centre. From there you will need to choose the account you wish to execute the trade from and the ATM strategy. Then you can specify the instrument (which could be EUR/USD for instance). Then depending on whether you want to buy or sell the market click on the appropriate command on the trading window.

On the one hand, buying and selling can be done classically from the chart. On the other hand, partially and fully automatic trading strategies can also be tested. What I find cool is that you can display the trades in the chart. A quick chart export, and you have your perfect trading journal.

Cons of NinjaTrader

Trading beginners will have a hard time at first due to the enormous range of functionalities. As soon as you have worked with NinjaTrader for a few hours, the trading platform is easy to use. And if you don’t have a real-time feed yet, you can also take a closer look at the in-house Kinetick data feed. NinjaTrader offers its customers live trading for free when opening an account with NinjaTrader Brokerage. It is questionable whether one does oneself a favor by tying oneself to a specific broker to avoid license fees. This is, of course, only interesting if you are not interested in day trading.

Because the futures market is extremely liquid, order execution speeds for futures contracts are usually very fast. You should have substantial buying power in your brokerage account, although you will be paying $1,099 for one-time fees and possibly hundreds of dollars per month for market prices. However, investors can also benefit from the free resources provided by NinjaTrader’s end-of-the-day charting. TradingView is an excellent alternative for investors who rely on Technical Analysis.

The minimum capital required to open a futures trading account is USD$400. For popular day trading futures such as the S&P 500 (ES), the day trading margins are $500. Commissions may be negotiable and may change from time to time as regulatory, clearing fees or commissions rise or fall. Upon setting up your demo account, you will receive information on setting up a real trading account. If you opt to trade futures, the information will come from Global Futures; if you opt to trade forex, the information comes from NinjaTrader Brokerage.

NinjaTraders supports the trading of popular currencies including the EUR/USD. The software also offers advanced features to streamline the trading experience, including complex order types like market if touched (MIT) and one cancels other (OCO). Traders who purchase a lifetime license also get the Order Flow feature set which comes with free platform upgrades for life. The NinjaTrader platform provides a high-performance backtesting engine which allows users to test and verify futures trading strategies using historical data. A wide range of useful educational materials are available if you’re unfamiliar with its platform and wat to enhance your skills.

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