NinjaTrader Review and Tutorial 2019

Traders in United States welcome
NinjaTrader Facts & Figures

NinjaTrader offer Traders Futures and Forex trading. Use Auto-trade algorithmic strategies and configure your own trading platform, and trade at the lowest costs.

InstrumentsCFD, Forex, Futures, E-minis
Demo AccountYes
Min. Deposit$50
Min. TradeVaries by asset
Regulated ByNFA, CFTC
MT4 IntegrationYes
Mobile Apps
Auto TradingYes
Trade SignalsYes
Islamic AccountNo
CFD
FTSE Spread
GBPUSD Spread
Oil Spread
Stocks Spread
Forex
GBPUSD Spread1.6 pips
EURUSD Spread1.3 pips
EURGBP Spread1.6 pips
Assets50+
Risk Warning – Your capital is at risk

NinjaTrader’s award-winning online trading platform aims to directly support day traders interested in the futures, forex, CFDs and stock markets. This page will guide you through the NinjaTrader 8 platform, covering features, indicators, charts, demo accounts, plus compatibility with top brokers including NinjaTrader Brokerage.

Brief History

Since getting started in 2004, the privately held company headquartered in Denver, Colorado and Chicago, Illinois, has attracted over 60,000 users and 450+ developers. They offer a sophisticated trading platform with multiple charts and a range of features plus market data services. Thousands of apps of 3rd party apps, as well as add-ons, allow for ample customisation, fast order execution, and advanced market analysis.

In addition, NinjaTrader provides brokerage services to support both forex and futures traders with discount pricing.

Key Details

So we know NinjaTrader can be used in a number of markets, but what are the key details to be aware of before you download the latest version?

Firstly, there are no fees for using NinjaTrader’s standard features. This ensures free access to the following:

NinjaTrader is an open source system, much like the MetaTrader 4 (MT4) platform. The difference is that whilst MT4 attracts mainly forex day traders, NinjaTrader is also popular amongst futures day traders.

You can run NinjaTrader on Mac OS, Windows, and Linux if you port it over.

NinjaTrader 8

The platform is regularly updated, the latest version in NinjaTrader 8. This delivered over 500 enhancements, including charting changes (more configurability), improvements to the alerting, an enhanced platform, plus data and performance upgrades. The developers will not stop there though, and more user-led improvements are planned.
Day trading software NinjaTrader

Why NinjaTrader?

A quick look at trading blogs and forums and you will see plenty of people want to know how NinjaTrader measures up vs MT4, MT5, TradeStation, and MultiCharts. So, with so many options available, what separates NinjaTrader 8 from the rest?

Drawbacks

Despite the number of NinjaTrader benefits, there are certain drawbacks and risks to be aware of. These include:

NinjaTrader Tools & Features

One of the first questions many prospective day traders will have is regarding the trading tools and features on offer. Fortunately, platform and brokerage reviews report high levels of satisfaction with both.

Charting

In terms of charting capabilities, NinjaTrader scores highly. Their comprehensive tools will compliment your trading ideas with user-friendly and highly customisable systems.

They provide:

You can expect access to the following:

NinjaTrader platforms

Trade Management

NinjaTrader’s SuperDOM order entry and trade management system allows for enhanced customisability. You will benefit from the following:

Advanced Trade Management

The NinjaTrader ATM module is a strong selling point. Their sophisticated technology enables you to pre-define personal trade management strategies. These include:

This could help you yield greater profits as it automatically submits entry/exit orders within milliseconds. Not to mention, it may reduce the time and stress of manually managing multiple exit orders in volatile markets.

Automation

Day trading volume is increasingly being represented by machine learning algorithms. This is because if you have developed a consistently effective strategy, then automating it may increase your takings.

Once you have programmed in your criteria, an algorithm/bot will enter and exit trades as soon as your criteria have been met. This could allow you to make far more trades than you ever could manually.

NinjaTrader allows you to automate your trading strategy if it was developed using NinjaScript or if it were in an outside application.

You have the ability to:

Market Replay

NinjaTrader offers an extremely useful market replay function. It downloads historical data so you can rewind to a specific day and practice trading in that market as if it were live. This is brilliant for developing a strategy, or getting to grips with Fibonacci levels, for example.

Other Analytical Tools

The NinjaTrader offering also extends to trade performance tools, plus market and strategy analysers. All of which could help enhance your day trading performance.

In addition, minimum system and hardware requirements for NinjaTrader are industry standard, so most people should be able to download full versions of 7 and 8. Programming and coding manuals can then be found in their video library.

Overall, in terms of trading tools and features, you get a range of customisable charts and trade simulation programmes. You also have extensive data feeds, indicator lists, intelligent programming capabilities, plus a reliable support forum.

The key to making the most of their services is spending some time exploring their video library and educational services once you’ve logged in.

NinjaTrader Screenshot Trading Platform

NinjaTrader Education

Getting to grips with a new platform can prove challenging. Fortunately, NinjaTrader provides an array of education and support to enhance your use of their trading software. They provide daily webinars, training videos, help guides, plus there is an active user community you can turn to.

The above methods should be able to help you with:

However, if you still have unanswered questions, you can contact NinjaTrader via email or their support forum. They have a help desk team that’s 20-strong, formed of NinjaTrader specialists to ensure you get the most out of their platform.

Demo Account

The NinjaTrader demo account is a fantastic opportunity for beginners to get familiar with both markets and the trading platform. Plus, downloading their demo account software is straightforward.

Simply head over to their website and click on Trade Futures or Trade FX. Then scroll down and enter your information for a demo account. All you will need is an email address and to fill in your location. You will then be emailed your login details and the steps to download their platform if you haven’t already done so.

Overall, trade simulator reviews speak highly of this service and it isn’t hard to see why. Aspiring scalpers can hone their craft on Heiken-Ashi charts, whilst having access to playback functions, market and volume profiles, and more.

Then once you have built up your confidence, you can open a live trading account, funded with real capital.

Cost

Once you sign up and log in with a demo account, you will also be sent information from the NinjaTrader brokerage. This will detail exchange fees and other costs associated with their broker’s services.

The key costs are as follows:

A lifetime license for NinjaTrader will cost you $999. Alternatively, you can pay four monthly payments of $299. It will cost $600 per year, $330 for six months, and $180 quarterly if you choose to lease.

Also, it’s worth noting if you opt for using the free version of NinjaTrader, commissions may be slightly higher.

NinjaTrader 7 vs NinjaTrader 8

The NinjaTrader 8 release was highly anticipated. The 8 system requirements remain similar to that for the 7, so if you have one you should be able to migrate to the other without too much hassle. You can use the 8 on Mac or Windows.

The 8’s major enhancements out of the 500 changes include:

8 reviews show customers are content with many of the changes, however, if you don’t want to download the latest version, the full 7 version should do the job just fine. In fact, many traders point out much of your knowledge and experience on NinjaTrader 7 will be directly applicable in the 8 download.

NinjaTrader 8 tutorials, strategy builders, and backtesting guidance can all be found by heading to their trading forum or library of training videos.

Also, it is worth noting that, unfortunately, there are zero NT 8 mobile capabilities.

Brokerage Compatibility

NinjaTrader exists as a broker independent trading platform. However, there are a number of supported brokers from the UK and elsewhere. In effect, NinjaTrader holds a multi-broker license. This gives you, the trader, the choice on where you execute your trades.

However, there is some risk of communication delays between some platforms. So, if you want a smooth transition from platform to broker, you may want to select one of the brokers currently available through the NinjaTrader Brokerage. They also support the majority of leading independent market data service providers, such as Kinetick.

Overall you have a generous choice of forex brokerages and futures brokers where you can use your NinjaTrader software. In fact, you can choose from a number of internationally supported broker technologies, including:

NinjaTrader further supports a number of additional market data vendors, including:

See their brokerage website for a full instrument list, including equities, forex, and futures.

NinjaTrader Customer Service

In the day trading game, every second costs money. So, you don’t want to be sat around for hours waiting for NinjaTrader to fix a technical glitch or account problem. Fortunately, they offer 24/5 technical support, plus 24/7 emergency trade support in a number of languages, so no matter your time zone, someone will be around.

You can expect to receive help with the following:

Whilst you can get technical and brokerage support in the hours you need them, NinjaTrader does lack a live chat service function, which could increase remedial speed. Overall though, emails are answered promptly and their support is fairly industry standard.

For the emergency trade phone number where you are located, see their website.

Final Word

If you are looking for powerful software and market data, NinjaTrader could well be worth exploring. Having said that, the program may take several weeks to get familiar with, particularly for beginners. Although they lack a native iPhone or iPad app, or Android equivalent, if using NinjaTrader brokerage you can access your account on the go using CQG Desktop.

Overall though, you get an active trading community, a range of educational resources and a high level of customisability. All of which may enhance your trading performance and bolster those all-important intraday profits If choosing NinjaTrader Brokerage, low margins and commissions can come in handy as well to keep costs low.

Accepted Countries

NinjaTrader only accepts traders from United States, Netherlands, New Zealand, Norway, Nigeria, Poland, Portugal, Russian Federation, Saudi Arabia, Singapore, Spain, Sweden, Tokelau, Australia, Austria, Bulgaria, Belgium, Brazil, United Kingdom, Cyprus, Czech Republic, Denmark, Finland, Egypt, France, Switzerland, Germany, Hong Kong, India, Japan, Argentina, Chile, Mexico, Bolivia, Colombia.

NinjaTrader offer Traders Futures and Forex trading. Use Auto-trade algorithmic strategies and configure your own trading platform, and trade at the lowest costs.