Founded in 2003, NinjaTrader offers software and brokerage services for active traders. With a funded account, the NinjaTrader platform is free to use for charting, market analysis, and live trading (the SIM version is free even without a funded account).
The NinjaTrader platform is ideal for active traders who require a wide range of technical analysis tools. The platform features excellent charting, real-time analysis, customizable technical indicators, Chart Trader (a chart-based order entry tool), and thousands of third-party apps and add-ons.
Variety of Offerings
Futures, options on futures, and forex trading are all supported by the NinjaTrader brokerage. Investors can also trade stocks on the NinjaTrader Platform. In order to trade stocks, you need to use one of NinjaTrader’s supporting brokers, such as Interactive Brokers or TD Ameritrade. On the NinjaTrader website, you can sign up for a NinjaTrader brokerage account or one of its partner brokers.
You must be connected to a data provider that supports stocks in NinjaTrader in order to chart stocks in NinjaTrader.
So, we know NinjaTrader can be used in various markets, but what are the important details to be aware of before downloading the latest version?
First and foremost, there are no charges for using NinjaTrader’s standard features. This guarantees unrestricted access to the following:
- Simulated trading
- Market research
- Advanced charting
- Optimization and backtesting
- Automated strategy development
NinjaTrader is an open-source system. If you port NinjaTrader, you can run it on Mac OS, Windows, and Linux.
Why Choose NinjaTrader?
A quick search of trading blogs and forums reveals that many people are curious about how NinjaTrader compares to MT4, MT5, TradeStation, and MultiCharts. So, with so many options available, what distinguishes NinjaTrader 8 from the competition?
Customizability – Their simple platform was created for traders who want to personalize their platform and technical indicators. Floating windows and indicators are available that are simply not available on other platforms.
Setup – They have meticulously designed their platform to allow for a quick and painless setup. NinjaTrader 7 or 8 can be downloaded and installed in less than ten minutes.
Scripts – Experienced day traders often appreciate having a large number of scripts at their disposal.
Free trial – This free trial uses either random or live data that is updated once per day. Once you’ve honed an effective strategy, you can progress to live trading with real money.
Stop-loss functionality – NinjaTrader has an intelligent system that allows you to build your strategy so that both stop-loss and target orders are sent out as soon as you enter a trade. This means that if your internet connection goes down or you lose contact with your broker, your stop-loss and target orders could save you from a costly disaster.
NinjaTrader may be worth investigating if you are looking for powerful software and market data. Overall, you get an active trading community, a variety of educational resources, and a high level of customization. All of this may improve your trading performance and boost those crucial intraday profits. When selecting NinjaTrader Brokerage, low margins and commissions can also help keep costs down.