NinjaTrader 8 Review: The Power of Efficient Trading

NinjaTrader 8 offers brokerage services and a similarly-named trading platform. The platform users can trade cryptocurrencies, on stock and on-line markets as well as on Forex. The features it offers depend on the purchase option. In this article we will delve into the main characteristics of the platform.

In this review, we will explore the capabilities of NinjaTrader 8, a cutting-edge trading platform designed to enhance your trading experience. Without further ado, let's delve into its features and functionalities that cater to the needs of traders.

When using NinjaTrader 8, you have access to five order placement windows, each equipped with specific features. When utilizing the Basic Entry window, you can choose between limit orders and market orders. A limit order allows you to specify a specific price at which you are willing to buy or sell the instrument. This provides you with greater control over the execution price.

The platform offers two types of SuperDOM windows: the Dynamic SuperDOM and the Static SuperDOM. These windows provide traders with a comprehensive view of market activity, enabling them to gain valuable insights and make informed trading decisions.

The Dynamic SuperDOM window in NinjaTrader 8 allows you to observe real-time market data, including bid and ask prices, order sizes, and market depth.

In addition to the Dynamic SuperDOM, NinjaTrader 8 offers the Static SuperDOM window specifically designed for futures trading. This feature allows futures traders to analyze market depth and make trading decisions based on the available liquidity and order flow.

When utilizing the NinjaTrader terminal via NinjaTrader Brokerage, traders have the ability to trade futures and currencies directly. However, if you wish to trade shares or other securities, it is necessary to open an account with a third-party broker. NinjaTrader provides a list of supported brokers on their official website, offering traders the flexibility to choose a broker that suits their specific trading needs.

By opening an account with a third-party broker, you can integrate your account with the NinjaTrader terminal, allowing you to access and trade a wider range of instruments, including stocks, options, and other securities.

In NinjaTrader 8, staying informed about market events is made easy with the integrated alert system. NinjaTrader 8 allows you to set up alerts that can be displayed on charts, in the news window, and within the market analysis panel. By configuring alerts, you can stay updated on various conditions, such as price levels, indicator crossovers, or other specific events that you deem significant for your trading strategy.

The alert system in NinjaTrader 8 is highly customizable, allowing you to specify the criteria for triggering an alert. You can set conditions based on price levels, technical indicators, or other market variables. Once an alert is triggered, you will receive a notification, enabling you to take appropriate action in response to the market situation.

With NinjaTrader 8, you can test your trading strategies through simulation using a demo account. This allows you to assess the effectiveness of your strategies before implementing them with real funds. Furthermore, NinjaTrader 8 supports the simultaneous usage of a real account and a demo account in separate windows, providing flexibility and convenience.

There are 8 types of charts in NinjaTrader - Japanese candlesticks, Kagi charts, opening/closing charts, and more. The user can set bar/candle size by tick, volume and range. You can also set the main parameter of the chart (ask, bid), the bars, and number of days. Also, it has a feature where a trader may place orders from a char

NinjaTrader users can create indicators and strategies using NinjaScript. The Intelliprompt option allows you to automate code compilation while writing programs. To speed up the writing of the program, users can specify some code properties.

NinjaScript supports several types of charts. It also offers the possibility for third-party add-ons and there are even separate features for scalpers. NinjaScript has a community and a support team which can significantly facilitate the process of mastering writing programs for the terminal.

NinjaTrader also features an Automated Trade Management (ATM) which allows for a semi-automated way of trading. Using ATM, traders can create, save and load various order parameters, such as entry/exit areas with certain stops and profits.

Users without programming knowledge can create automated strategies through the Strategy Builder. Strategies can be created based on certain parameters, but it is worth noting that it’s functionality is limited to creating simple strategies. Complex strategies must be written independently.

The developers offer three versions of the trading platform. NinjaTrader can only be used by NinjaTrader Brokerage clients free of charge. The functionality of the free version is limited to testing trading strategies as well as analyzing charts and the market.

To trade through NinjaTrader, you need to subscribe to a plan. Subscription prices are listed below:

• Free (pay as you trade with no monthly fee: $0.35/Micro $1.29/Standard; Commissions per side)
• Monthly ($99/month: $0.25/Micro $0.99/Standard; Commissions per side)
• Lifetime ($1499 one-time payment: $0.09/Micro $0.59/Standard; Commissions per side)

Access to all the functionality of NinjaTrader can be obtained only by purchasing a license. The full cost is $1499. You can also pay for the license on a monthly basis ($99 per month). The full-featured version of the terminal contains a volume profile indicator, a market depth map, Volumetric bars and other functions. You can find out more about the content of each version on the official website of NinjaTrader.

There are instances of clever traders trying to obtain cracked versions of NinjaTrader using unsecured torrents through some file sharing websites. We can understand why users try to find a free, full-time license of NinjaTrader because the software is really expensive, but we strongly recommend you avoid taking this route.

Cracked versions often have unstable code and some of the features may work incorrectly. However, that is not even the main concern when it comes to working with these pirated versions. Cracked software doesn't protect your personal data and can even steal it. That is why we recommend you to use original software and stop searching for “cracked lifetime" versions of trading software, whether from NinjaTrader or otherwise.

Beginners can use the free version of NinjaTrader to test strategies, charts, and learn about the markets. In order to use NinjaTrader with full features, you need experience and initial capital, because it is quite expensive software. To learn more about how NinjaTrader 8 features compare to our platform, read “NinjaTrader 8 vs. CScalp: Which is the Best Scalping Platform?"