NinjaTrader

Rating:
4.6
(4.6)

NinjaTrader is a trading platform with a suite of tools. It offers pre-built indicators, drawing tools, and other functions to help you create your own automated system. You can also back test your system on historical data to see how it would have performed in the past so you know if it’s worth the risk. The interface of this program is simple and intuitive, making it easy for beginners. If you are interested in learning to trade, want a powerful program with plenty of indicators and tools or simply need a software that will help you manage your portfolio better, then NinjaTrader might be the right choice for you.

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NinjaTrader
Price
Free
Version
8.0.19.1
Category
Developer
NinjaTrader Group LLC
Source
Windows
Rating
4.6
(4.6)

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NinjaTrader has a large online community where you can learn more about trading strategies, ask questions and get answers from experienced traders or create your own private group to share tips with other members of the Ninja Community.

How to use NinjaTrader

No need to download or install anything; you can use NinjaTrader directly on your browser. Simply go to the official website and open an account to get started.

The navigation of this system is simple; you can find everything that you need to use, including built-in indicators, buy/sell arrows for shorting stocks when a trader wants to go long (short), drawing tools in case you want more visual clarity for your system, and so much more. To start creating a trading strategy with NinjaTrader simply pick the platform you want to trade on (Forex or stocks) from the top navigation menu of this program.

Then click “Create Strategy” at the bottom right-hand side of your screen under “New Strategies.” In this next screen you will be able to create your own strategy. The software offers a built-in Strategy Wizard that walks traders through creating their system step by step and gives them suggestions on how they can improve it. NinjaTrader also has an extensive library of prebuilt strategies, which is helpful for those who are more visual learners.

Once you have created a strategy, go back to the main screen and select “Run Strategy.” This will allow you to test your system on historical data without risking money in actual trades. You can also practice trading live by connecting this program with one of many online brokers such as TD Ameritrade, Etrade and more. NinjaTrader allows you to download data from these brokers so it can work with historical and live trading.

Review

NinjaTrader is a powerful and advanced platform for both entry-level traders as well as more experienced ones. It offers at their fingertips all the tools they need to improve areas where they are weak, without overwhelming them with too many options or functions that only highly skilled users can utilise effectively. The intuitive interface also offers them the ability to change it as they learn and grow with their trading.

The program is also a powerful tool for creating automated systems that can be used by traders of all skill levels, from those just starting out who are only making small trades in stocks or options up through professional day-traders using large sums of money. The software helps traders by:

  • Calculating the risk and reward ratio for each trade, so they know up front if it’s worth risking their capital.
  • Providing a profit/loss calculator that can be used to see how well certain strategies worked in the past on different types of markets.
  • Giving a back-test feature that allows them to see how well the system would have performed historically on different types of markets. This is an important way for traders trying out new strategies or systems to ensure their success before risking any real money with it.
  • Providing fully customisable trading indicators, so they can use the ones that best suit their trading strategy and style, while eliminating those that don’t.

To help further streamline things for traders who want to create automated systems with NinjaTrader, it features a large library of pre-built indicators you can choose from without having to program them yourself. These can be used to easily create automated systems, without having to learn how the indicators work and/or program them. All you have to do is set it up with your target price for a buy or sell order along with other vital information – then let NinjaTrader take care of everything else.

NinjaTrader also has a large selection of strategies and systems already built into the program. You can use these as is, or modify them to suit your own style – all while knowing they have been proven effective in real-world situations by other traders who’ve used it before you.

NinjaTrader offers two different programs that you can use to create your own automated trading systems. The first is the NinjaTrader platform for futures, stocks and options – which allows traders of all skill levels from beginners who are just starting out with a small amount of capital up through professional day-traders using large amounts in their trades access powerful tools to create automated systems that are customised for their specific needs. The other is NinjaScript, which allows you access the same powerful tools available on the platform but without requiring a software download – making it ideal for traders who only want to use those functions occasionally when they need them and don’t have time or desire in-depth training in how to use them.

NinjaTrader is an automated system development platform and back-testing software that allows you to create your own customised trading systems without having extensive programming knowledge or the need for expensive third party programs like MATLAB, R Language and QuantLib. It’s also a powerful tool for creating automated systems for use by professional day and swing traders alike, so you can rely on it to help make your trades more effective than ever.

While NinjaTrader is a powerful program for traders of all skill levels, it can be especially useful to those who are just starting out with the goal of becoming professional day-traders in the future. It offers them an easy way to get started without having to learn complex programming languages, which many professional traders feel is a waste of time when starting out since they can be so easily confused by them. While the software offers you plenty of opportunities to learn as your trading knowledge and experience grows, it also gives beginners all the tools they need right from the start – meaning there’s no reason for those who are just starting out not to give it a try.

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