NinjaTrader Review

Based in 2003, NinjaTrader affords software program and brokerage companies for lively merchants. With a funded account, the NinjaTrader platform is free to make use of for charting, market evaluation, and stay buying and selling (the SIM model is free even and not using a funded account).

To entry the platform’s premium options—akin to superior order sorts, automated buying and selling, and backtesting—you will must lease or purchase the software program (from $60/month to lease; $1,099 one-time fee to purchase). The Order Movement+ suite of premium options, which lets you analyze commerce exercise utilizing order movement, quantity bars, and market depth, is on the market solely with a lifetime license.

The NinjaTrader platform is good for lively merchants who need plenty of technical evaluation instruments. The platform boasts glorious charting, real-time evaluation, customizable technical indicators, Chart Dealer (a chart-based order entry software), and hundreds of apps and add-ons from Third-party builders.

As a brokerage, NinjaTrader affords entry to the futures and foreign exchange markets. The corporate has partnered with a number of supporting brokerages, together with Interactive Brokers and TD Ameritrade, to provide merchants entry to different markets, together with choices on futures, CFDs, and equities.

Buying and selling Expertise

The NinjaTrader platform has clear, totally customizable charts. It is easy to alter colours (for background, crosshair, gridlines, textual content, and so forth.), fonts, and bar spacing/width in addition to the general structure of your chart home windows. You’ll be able to simply insert technical indicators, methods, and drawing instruments, that are all customizable throughout the chart. The platform helps an ideal number of bar sorts—together with time-based, tick, quantity, vary, Heiken Ashi, Kagi, Renko, and Level and Determine bars—plus a great number of chart types, akin to candlesticks, OHLC (with variants), Kagi Line, and Mountain.  

You may have entry to a number of easy-to-use order entry interfaces, together with Chart Dealer, a terrific software that means that you can place and handle trades instantly from a chart (NinjaTrader was one of many first platforms to supply this).

The platform helps all the same old order sorts, together with market, restrict, cease market, and stop-limit orders in addition to superior OCO (one cancels different) orders. When you’re fascinated about automated buying and selling, NinjaTrader’s ATM Methods present discretionary merchants with semi-automated options to handle their positions. Alternatively, you’ll be able to totally automate a method utilizing a “level and click on” development for non-programmers, or through the use of NinjaTrader’s C#-based buying and selling framework.

Buying and selling Expertise

NinjaTrader makes use of CQG Continuum as its main information supplier for stay brokerage accounts, though Rithmic is supported as nicely. Month-to-month information charges are required with a full market depth possibility, or you will get high of ebook information for decreased charges.

Information charges rely upon the trade. For instance, full market depth information on CME is $10 monthly. When you want entry to extra devices, you’ll be able to go for the CME bundle, which incorporates CME, CBOT, NYMEX, and COMEX, for $30 monthly.

You’ll be able to play, pause, and rewind historic value information on a tick-by-tick foundation utilizing NinjaTrader’s Market Replay characteristic—a software that is useful for backtesting, commerce follow, and different trade-related analysis.

Usability

With a funded account ($400 for futures; $50 for foreign exchange), the NinjaTrader platform is free to make use of for charting, market evaluation, and stay buying and selling (you do not want a funded account to make use of the platform for SIM buying and selling). The set up course of is simple, and as quickly as you launch the platform, you’ll be able to open charts, customise colours, and add indicators and methods. To insert a logo to a chart, simply kind it into the chart. And should you’re buying and selling futures, rolling is tremendous straightforward: Choose Instruments>Database>Rollover characteristic.

The platform is powerful with plenty of instruments and sources, and it takes a while to learn to use all of the options. Happily, NinjaTrader hosts free weekly webinars that can assist you get began. Matters embrace connecting to information, one-click order entry, arrange a workspace, primary chart creation, superior settings, and technique automation.

An awesome characteristic of the platform price mentioning is the power to position simulated trades, full with an imaginary account and revenue/loss abstract. Sim buying and selling might be particularly useful to newer merchants who have not had a lot follow inserting trades—and coping with the inevitable errors that occur, akin to expensive order entry errors (e.g., hitting BUY as a substitute of SELL, buying and selling extra contracts than supposed).

Cell and Rising Tech

NinjaTrader brokerage purchasers can use the companion CQG cell app, accessible for each iOS and Android. Whereas the app does not use the NinjaTrader platform, it affords an intuitive interface with real-time quotes, charts, and analytics. It boasts easy-to-use buying and selling and order administration instruments, superior order sorts, dozens of indicators, and customizable charts types and intervals.

NinjaTrader has indicated it should doubtless supply a devoted cell app sooner or later, nevertheless it hasn’t made any bulletins but.

Vary of Choices

The NinjaTrader brokerage helps futures, choices on futures, and foreign currency trading. If you wish to commerce equities on the NinjaTrader platform, you’ll be able to undergo considered one of NinjaTrader’s supporting brokers, together with Interactive Brokers and TD Ameritrade. You’ll be able to join a NinjaTrader brokerage account, or considered one of its associate brokers, on the NinjaTrader web site.

Information and Analysis

Moreover superior charting and market depth instruments, there are restricted sources for analysis or insights throughout the platform. As we have now already famous, NinjaTrader is oriented towards a distinct segment of buyers targeted on lively futures and foreign currency trading. From that perspective, the NinjaTrader platform has all of the instruments and options it must be profitable. The platform, indicators, and different options are customizable at a really granular degree, which is essential for lively or skilled merchants. Once more as a result of NinjaTrader is primarily a futures and foreign exchange brokerage, monetary statements, information, and financial information that you simply would possibly discover in different skilled platforms are lacking. Whereas the technical information is complete, you will have to make use of one other useful resource for basic info should you want that kind of study.

Portfolio Evaluation and Experiences

The NinjaTrader platform is geared towards lively merchants—not long-term buyers. In consequence, it does not supply any portfolio evaluation instruments or experiences that may assist buy-and-hold buyers make selections about asset allocation or particular holdings.

Buyer Service and Assist

NinjaTrader supplies 24/5 and weekend technical assist, together with a 24-hour commerce desk for emergencies and stay orders. Reside chat assist is on the market on weekdays on the NinjaTrader web site, and the response instances had been affordable. Go to NinjaTraders Contact Us web page to name, electronic mail, or submit a assist request.

NinjaTrader’s assist discussion board, which you’ll entry by means of the NinjaTrader web site, is an effective place to seek out solutions to questions or submit a query should you’re having bother discovering info. The discussion board is split into 5 sections: Information and Bulletins, NinjaTrader 8 (the present launch), NinjaTrader 7 (legacy launch), NinjaScript File Sharing, and Solutions and Suggestions.

Schooling

NinjaTrader and the group’s ecosystem has a wide array of academic movies, webinars, and documentation. Distributors present a lot of the training, which incorporates promotional materials for vendor methods, add-ons, and plugins, however we did not see this as a adverse. The existence of a sturdy ecosystem of different customers {and professional} builders will doubtless preserve the movement of training and concepts recent. NinjaTrader affords a number of weekly webinars and recorded movies supposed that can assist you get probably the most out of the platform. The video library is damaged down into a number of sections, together with Order Entry, SuperDOM, Market Analyzer, Charts, and Technique Backtesting and Optimization to make it simpler to seek out what you are on the lookout for. A restricted quantity of non-platform associated academic content material is on the NinjaTrader weblog. All of NinjaTrader’s academic choices might be accessed at no cost by anybody—purchasers and non-clients alike.

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