About NinjaTrader Platform

Features

NinjaTrader is an excellent addition to the trading tools of an online broker. This includes advanced charting functions, market analyses, the development of automated trading strategies, back-testing, market analytics, various optimization functions, and trading simulations.

Charts

NinjaTrader charts support a multitude of intervals, indicators, and drawing tools, as well as discretionary trading using Chart Trader, and automated trading using NinjaScript strategies. The chat window itself is highly customizable and supports a wide range of user-definable options.

A trader can do technical analysis through drawing, customizing tools, and saving on the cloud. This is a helpful feature that keeps the trader from additional stress.

You can change the chart theme, candlestick colors, and change the indicator’s style.

Trading Strategies

Whether day trading, swing trading, scalping, FOREX, futures or equities, discretionary or automated, NinjaTrader 8 offers the perfect mix for every trader. The only thing that is missing is self-learning functionality based on artificial intelligence.

With a selection of more than 1,000 apps and add-ons, the platform can be expanded according to your preferences and ideas. Private investors are supported, in particular by the free version when learning to trade. This is because trading strategies can be created and tested with integrated paper trading functionality.

A further advantage: The platform can be used free of charge for almost the entire range of functions. As soon as you are ready for live trading, various options are available for using the software, e.g., for order transfers to brokers.

NinjaTrader also provides advanced features and tools traders are looking for frequently, like optional order flow analysis capabilities, which can be considered as an advanced charting feature. Hundreds of addons are provided within the community.

Strategy Builder

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. Inexperienced traders can develop and design a fully automated trading strategy via point and click with comparatively little effort.

However, the best results are only obtained with individual programming, even if the advertising sometimes suggests something different. The most significant advantage of the Strategy Builder for me is that you can look at the source code afterward, which can serve as a good foundation for your programming.

Discover Trade Ideas

The visualization with the chart and the market analysis from long-term historical price data does not necessarily make the trading software unique but one of the most attractive trading tools for day traders.

Although the use of historical data is the basis for forecasting future price developments, technical analysis is often the first choice for private investors. Manual trading cannot make money with technical analysis, but it can with automated procedures.

The new backtest engine is a real advance compared to the speed of the old NinjaTrader 7 version. Hundreds of trading instruments can be analyzed in real-time, alarms can be defined, and the new FX Board also offers modern concepts for forex trading. There are outstanding possibilities of individual visualization and even the opportunity to trade directly from the chart (deal through chart).

Backtesting Functionality

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.

Indicators, trading applications, charts, drawing tools, and automated trading systems can be installed or even independently developed and extended. Assuming you are familiar with the programming language C#. Because only with programming, you will be able to get everything out of the software and reduce the gap to the capabilities of institutional investors.

Trade Simulation

Everyone knows the term “paper trading.” But paper is very patient. In NinjaTrader, strategies can be tested under real market conditions in real-time before even a cent of risk capital is invested! A wide range of options is available, and it is an excellent way of trading, like in a demo account.

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. The cool thing is that you can display the trades in the chart. A quick chart export and you have your perfect trading journal. Because in the chart itself, you can also add and save text annotations.

Tradable Markets

NinjaTrader offers to transmit orders in the live system via API to brokerage accounts. The following asset classes can be traded:

• Stocks
• Futures
• Forex
• Options
• CFD’s

The primary target group is day traders, but swing traders and buy & hold investors can also have fun with the software. You can buy and sell stocks, trade currencies up and down, or trade futures on CME or EUREX. All this is possible. Manual, semi-automated, and fully automated.

NinjaTrader Data Providers

Unfortunately, it is not necessarily done with the NinjaTrader software itself. That means additional costs if you want to use a fast real-time data feed for your day trading. Various data feed providers can be used for the market data connection.

When it comes to saving money, NinjaTrader has the edge with its in-house data by Kinetick. At least if you need extensive stock market data (CME, EUREX, etc., and Level II). However, you should consider in advance which markets you would like to trade and whether day trading is the right thing for you.

Because the data feed costs can quickly reach more than 100 Dollars per month, with Kinetick, the in-house data service of NinjaTrader, you can use the end-of-day data, including an extensive data history, for free. This is, of course, only interesting if you are not interested in day trading.

In combination with the free version, this is a complete package that you can’t get around. After all, being able to use state-of-the-art technologies free of charge is not a matter of course, even though it is a deliberately chosen concept of the software provider.

You can also connect your best brokerage account to NinjaTrader using the real-time data feed of your broker. If you want to use NinjaTrader combined with a broker, you should make sure that you choose a compatible broker when comparing brokers.

Datafeeds

The following data suppliers and brokers can currently be connected:

• Kinetick
• Barchart
• Coinbase
• Continuum
• CQG
• eSignal
• com
• FXCM
• Interactive Brokers
• IQFeed
• Oanda
• Rithmic
• TD Ameritrade

At this point, I would like to emphasize again that you should think about how and what you would want to trade on the stock exchange in advance. You can also use Level II market data.