NinjaTrader Review – Top Features, Charges, Benefits, BackTesting, Strategies & more
NinjaTrader is a super posh trading software that allows an automated form of trade simulation.
Using cloud technology, the NinjaTrader platform provides traders and stock brokers with a multi-device trading portfolio.
In this NinjaTrader review, you will learn about the various aspects of the system’s work or operation.
You will learn how technology shapes the future of a virtual trading community. So, stay tuned to the article until its end!
About NinjaTrader
Through cloud computing, NinjaTrader allows trading via PC, mobile phone, and tablet. Therefore, this cutting-edge technology shapes the future of traders and investors worldwide.
Investors, stock brokers, and bankers can trade through nifty or futures seamlessly, and you can visualize markets through the customizable program you have built for yourself.
You can learn how stocks, commodities, futures, and equity work by accessing bitcoins, e-minis, and crude oil.
The intuitive interface lets traders experience the most beautiful trading sessions through various influential platforms.
You can manage your accounts sitting anywhere in the world. Plus, you can access prices, charts, trading transactions, open orders/ positions, and more.
Top Features of the NinjaTrader Platform
These are some of the top-notch features the platform has to offer. Helping you get started with the same:
Having access to super-advanced charts: Using the NinjaTrader platform, you can choose between hundreds of customized styles of charts and other tech info you would love seeing on screen while the active trading is going on.
Compatibility to multiple devices: As the software of Ninja Trading is supported by cloud technology, you can have seamless access to various gadgets, including your PC, mobile phones, or tablets.
This means you can trade effortlessly while you are out on the go!
Technical indicators: You have 100+ technical indicators to help you know what stocks and shares perform worldwide. This way, you can customize strategies using various styles or timeframes.
Availability of advanced tools: Things cannot get easier with an advanced array of tools.
The powerful software offers an advanced set of tools by which you can analyze prices, set stop losses, set profit margins, or even exit from positions hassle-free.
Order flow and Charting: NinjaTrader offers Charting and visualization tools along with unique tweaks. All participants can trade via their chart, enabling them to react to market shifts.
Options traders can also use advanced features, including quotes, expiry, etc.
Order Flow Trades: Advanced traders like to track markets with the NinjaTrader Order flow trade features. These features include cumulative data, market depth, volumetric bards, and more.
Similar Platforms
| Algobulls | Quantiply |
| Algoji | Robotrader |
| Algotest | Streak |
| Algotraders | Tickeron |
| Smallcase | Tradetron |
How to Use the NinjaTrader Platform?
Using the NinjaTrader platform is a hassle-free process, after all. Let us have a look at the fleet of steps on how you get started after all:
- Choose between interfaces you may want to operate.
- As NinjaTrader was pioneered using the Cloud, you can upload this software to your PC, mobile phone, or tablet. Therefore, you must decide where to configure your trading platform.
- Explore the various options that you find on the home page.
- Once you enter the site’s landing page, you witness the homepage of the NinjaTrader platform. You can explore the various options you see out there. This way, you get a sneak peek into how the system works or operates.
How do you login with NinjaTrader?
NinjaTrader Login is similar to logging in to any other website. Let us look at the fleet of steps that enables you to log into this trading platform:
Sign up for your account: When you type in the site’s address, you visit the Ninja Trading platform’s home page. You may now have to locate the ‘Login’ tab in the far right-hand corner of your home page.
Enter your credentials: Once you have signed up through their platform, you will receive a user ID and password. You may now have to enter these credentials to access your trading account.
Set notifications on the dashboard: You can set algo templates you would like to trade with. To get started, you can also set up your page, enter your details, and update your bank information.
Look at Open orders or positions: Once on your personalized dashboard, you can view open orders, positions, stop loss points, targeted profit margins, and other technical simulations.
NinjaTrader Charges
NinjaTrader Charges operate on different levels indeed. You can choose an all-free plan, although you may have to pay standard commissions for every transaction through the platform.
However, you can opt for a Monthly subscription plan to reduce commissions per transaction. This is available for use at $99 per month.
You can get lifetime access for the lowest commission levels and enjoy the trading platform’s most advanced features for $1499.
Benefits of Ninja Trading Software
NinjaTrader software comes with an attractive array of benefits. Let us have a look into what these are. Helping you get started with the same:
No minimum deposit criteria: There are no criteria for a minimum deposit or set amount you may have to invest while operating a live trading account using the NinjaTrader software.
You can choose a deposit size that suits your budget and trading preferences.
Low margins: This software helps you operate your trading account with lower margins to mitigate risk. Feel free to start with $50 to retrieve intraday profit margins.
Online Tools: With internet-specific tools, you can strategize without losing your emotions about winning or losing.
You can set customized options for stop losses and profit margins or establish better control over a rhythmic form of trading.
A replay of live market moments: To eliminate skepticism while buying or selling shares, you can watch live market moments in replay mode.
The events replay in real-time. The platform’s advanced benefits can help you make the right trading decisions.
NinjaTrader Algo Platform Review – Conclusion
To conclude, the NinjaTrader Platform review gives a green thumbs up to retail investors who do virtual transactions worldwide.
With automated trading options and the ability to transact with zero down payments, there is nothing better you could ask for.
There are many options to customize your research. The traders can choose their package and start with the account size per their requirements.
FAQs related to NinjaTrader Algo Trading App
Here is the list of FAQs related to the NinjaTrader Algo platform.
How does the NinjaTrading platform work?
NinjaTrader was pioneered using cloud technology. You can operate on this platform worldwide using any digital device, such as PCs, laptops, or mobile tablets.
Is NinjaTrader free?
Yes, you have a free-to-use plan with standard commissions you may have to pay for every single transaction. However, you can apply for a $99 monthly subscription package for lower commissions.
The weakest commissions and advanced features work on a lifetime package that comes to you at an affordable price of $1499.
How to use this algo trading platform?
First, create an account and register with essential details. After confirmation with OTP, you have free access to limited features.
You can custom strategy and go for a paper trading test drive. If you are satisfied with backtesting, you can deploy the strategy in the real market with real money.
How do you use the NinjaTrader platform?
You can log in to the platform by entering your login credentials. You must input your user ID and password to view your dashboard.
Is NinjaTrader suitable for trading?
This is a very sophisticated platform you should get hands-on with. With technical indicators, customized strategies to set stop losses or profit margins, and the ability to transact with lower margin amounts, this platform is incredibly good for traders and investors worldwide.
How do you create customized strategies using NinjaTrader software?
Using NinjaTrader software, you can customize trade strategies that work best for you.
You can also analyze prices, view historical data of market movements, create hands-on mini indexes, and do much more.
Is the NinjaTrader platform trusted?
NinjaTrader platform has garnered positive reviews from investors, stakeholders, day traders, and brokers worldwide.
What are the charges for using the NinjaTrader platform?
The account holder must pay out standard commissions. You can opt for a monthly package that costs you $99 p/m for lower commissions.
You can choose a lifetime access package of $1499 for the lowest commission payouts from your end.