NINJATRADER TRADING PLATFORM REVIEW

NinjaTrader offers brokerage services and a similarly-named trading platform. NinjaTrader users can trade on stock and on-line markets as well as on Forex. NinjaTrader features depend on the purchase option.

There are five windows for placing orders in NinjaTrader. Each window has certain features. In addition to placing limit and market orders, you can select the current best buy/sell price in the Basic Entry window.

The FX Pro window is designed to place orders quickly. NinjaTrader users can track market data through Order Ticket. Dynamic SuperDOM and Static SuperDOM show market depth. The usage of Static SuperDOM is only possible for trading futures.

Note: if a trader uses a terminal via NinjaTrader Brokerage, the trader can trade only futures and currencies. In order to trade shares it is necessary to open an account with a third-party broker. A list of brokers to trade through the terminal is available on the official website of NinjaTrader.

An alert feature is also implemented in the terminal. They can be displayed on charts, in the news window and in the market analysis panel. The NinjaTrader news window displays real-time data.

NinjaTrader’s simulation strategy testing is based on a demo account. Users can simultaneously use a real account and a demo account in different windows.

There are 8 types of charts in NinjaTrader - Japanese candles, Kagi charts, opening/closing charts, etc. 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 number of days or bars. Also it has a feature when a trader may place orders from a chart.

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. The possibility of third-party add-ons is implemented and there are even separate features for scalpers. NinjaScript has a community and a support team. This can significantly facilitate the process of mastering writing programs for the terminal.

The extended Trade Management (ATM) function is implemented in NinjaTrader. This is a semi-automated way of trading. Using ATM, traders can create, save and load various order parameters. It is possible to create entry/exit areas with certain stops and profits. Automation of strategies is possible with the help of NinjaScript.

Users without programming knowledge can create automated strategies through the Strategy builder. Strategies can be created based on certain parameters. It is worth noting that the functionality of the constructor 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, analyzing charts and the market.

To trade through NinjaTrader, you need to subscribe to the Trader + plan. Subscription price:

• $225 for 3 months;
• $425 for 6 months;
• $720 for 12 months.

Access to all the functionality of NinjaTrader can be obtained only by purchasing a license. The full payment is $1099. You can also pay for the license in installments for 4 months, for $329 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.

In web resources users try to find cracked version of NinjaTrader. They try to find this software using torrents, unsecured and some file sharing web sites. We can understand why users try to find a free full time license of NinjaTrader etc, because the software is really expensive, but we strongly in favor don't recommend downloading cracked files. Cracked versions often have unstable code and some of the features could work incorrectly, but it's not the worst thing that can happen. 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" version.

Beginners can use the free version of NinjaTrader to test strategies, charts, and markets. In order to use NinjaTrader with full features, you need experience in trading and initial capital, because it is quite expensive software.