Based in Denver, Colorado, the company's platform is available to use with a number of brokers around the world. NinjaTrader Brokerage, based in Chicago, also provides brokerage services to U. The NinjaTrader program is free to download and try out, enabling users to become familiar with the platform and the majority of its features.
Traders get free access and can engage in trade simulation, backtesting, signal development and comprehensive evaluation of the program until they are ready to begin live trading with the platform. Demo accounts last for one month, but a new demo account can be opened after expiry, if needed. Traders may buy or lease the program. There is also the option of not buying the platform, but this will result in higher commission costs.
Current NinjaTrader Brokerage commissions and fees can be found their site. Actual commissions vary based on which broker is chosen, and whether the platform is leased, purchased or the free version is used.
The lowest commissions are available to those who purchase the platform. Real-time quotes are provided for free during the demo period, but must be paid for if looking to place real money trades This is done through the trader's broker, or through NinjaTrader Brokerage. Not all brokers support the NinjaTrader platform. For seamless integration with the platform consider one of the brokers available through the NinjaTrader Brokerage.
If none of these brokers suit you, contact NinjaTrader through website to inquire about which brokers are compatible with the platform. Traders outside the U. The platform also includes drawing tools, and more than technical indicators. The indicators are fully customizable and can be easily modified in the indicator's settings. The NinjaSript tool provided in the package enables traders to create their own indicators for use on the platform.
The most impressive feature is ChartTrader, a chart-based order entry tool, which gives users the ability to enter, modify and manage trades directly through the charts with a single click. Automated or semi-automated strategies can also be applied to the charts. For example, the trader can create a simple program to place a stop loss and target orders automatically when a buy or sell order is filled.
Trades are placed through one click of the mouse on a buy or sell button, or by placing orders on a chart. A confirmation message before the trade is placed is an optional safety feature. The program favors active traders, who want to get in out of trades quickly, with simple mouse clicks or pre-programmed exit orders. Traders can also buy automated strategies, like a trading robot, that will place trades their behalf according to a program written by someone else.
These automated strategies, as well as additional indicators written by other people, are available on the NinjaTrader Ecosystem site. The NinjaTrader program has a learning curve and takes a couple weeks to get comfortable with, especially for newer traders.
Updated October 17, Customer Service The NinjaTrader program has a learning curve and takes a couple weeks to get comfortable with, especially for newer traders.More...