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Risk Warning: Your capital is at risk. Statistically, 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.

NinjaTrader

Since
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Programmed in Javascript

About the NinjaTrader platform

Established in 2003, NinjaTrader offers software and brokerage services tailored to active traders. The platform provides a range of features for charting, market analysis, and live trading, available for free with a funded account.

Users can lease or purchase the software to unlock advanced order types, automated trading, and backtesting. Leasing options start at $60 monthly, while the one-time purchase fee is $1,099. NinjaTrader boasts a suite of technical analysis tools, including customizable technical indicators, Chart Trader for chart-based order entry, and thousands of third-party apps and add-ons.

Its charts are clean and fully customizable, allowing users to adjust colors, fonts, and layout according to their preferences. Technical indicators, strategies, and drawing tools can be easily inserted and customized within the chart. NinjaTrader supports various order types, including market, limit, stop market, stop-limit orders, and advanced OCO orders.

NinjaTrader’s Advanced Trade Management (ATM) feature allows users to define their trade management strategies, including predefined entries and exits, scaling positions, and intelligent stop-loss orders.

For traders interested in automation, NinjaTrader offers ATM Strategies for semi-automated trading and a user-friendly “point and click” interface for strategy automation. Advanced users can leverage NinjaTrader’s C#–based trading framework for full automation.

Pros and Cons

NinjaTraders stands out for its Advanced Trade Management (ATM) and Automation. In this section, we outline the top pros and cons of using NinjaTrader.

Pros

  • NinjaTrader software offers excellent charting and powerful analysis tools with partial and complete strategy automation capabilities.
  • Demo account to learn about the platform’s functionality.
  • Availability of open-source trading apps further enhances the user experience.
  • NinjaTrader’s Market Replay feature provides users a valuable tool for practicing and developing trading strategies.

Cons

  • NinjaTrader does not provide an API development kit for users.
  • The platform only supports trading derivatives such as futures and options.
  • NinjaTrader does not offer a mobile app for trading on the go.
  • There is no comprehensive fundamental data research like real-time news updates.

Active NinjaTrader Screenshots