NinjaTrader trade copier is the most popular platform for stock analysis, primarily used by day traders. Due to the abundance of functionalities offered, the options are limitless. Regrettably, this also means that newcomers to trading can easily become lost in the details.
Is it really as wonderful as it appears? This NinjaTradr review will discuss in detail users’ experiences with the product and offer a summary of the software’s primary features and functionality.
But, before we get into the meat of this article, let’s take a look at what this article contains.
What is NinjaTrader Trade Copier?
NinjaTrader trade copier, founded in 2003 and headquartered in the United States, is a software company that specializes in providing a top-rated trading platform with a robust set of research tools.
Apart from providing software, the NinjaTrader trade copier is a National Futures Association-registered corporation and an introducing broker.
But, what exactly is an introducing broker? NinjaTrader manages your assets and cash, while Interactive Brokers or TD Ameritrade keep the costs, trading platform, customer support, and brokerage services.
In addition, you may link your NinjaTrader platform to Forex.com, City Index, Oanda, or FXCM brokerage account. Besides, the primary advantage of linking other brokerage accounts to the NinjaTrader platform is that you may trade other popular financial products such as equities directly via the NinjaTrader trading platform.
Trading Experience with NinjaTrader Trade Copier
NinjaTrader trade copier’s charting interface is simple and totally customizable. Truly, it’s simple to customize the colors (for the background, crosshairs, gridlines, and text), typefaces, bar spacing/width, and general style of your chat windows. Indeed, you may quickly incorporate technical indicators, methods, and drawing tools into the chart, all of which are fully customizable.
Equally important, the platform supports a wide variety of bar types, including time-based, tick, volume, range, Heiken Ashi, Kagi, Renko, and Point and Figure bars, as well as a diverse range of chart styles, including candlesticks, OHLC (with variants), Kagi Line, and Mountain.
You’ll have access to a variety of straightforward order entry interfaces, including Chart Trader, a fantastic tool that enables you to make and manage trades right from a chart (NinjaTrader was one of the first platforms to offer this).
Due to NinjaTrader AI, the platform supports all standard order types, including market, limit, stop market, stop-limit, and stop-limit-limit orders, as well as sophisticated OCO (one cancels the other) orders. In fact, if you have an interest in automatic trading, NinjaTrader’s ATM Strategies provide semi-automated position management for discretionary traders. Alternatively, you may completely automate a strategy using a “point and click” interface or by using NinjaTrader’s C#-based trading framework.
Main 5 Features of NinjaTrader Trade Copier
NinjaTrader is an excellent complement to the trading tools offered by an online broker. Of course, these capabilities include sophisticated charting, market analysis, and the creation and execution of automated trading strategies. Also, backtesting is feasible.
Trading Strategies
NinjaTrader trade copier offers an optimal combination of FOREX, FOREX futures, equities, discretionary, and automated trading. Again, the only thing that I feel is lacking is a self-learning capability based on artificial intelligence (Even if the platform is AI-powered).
The platform includes over 1000 apps and add-ons that you can customize to your unique needs and preferences. Besides, Private investors may also benefit from the free version, especially if they are new to trading. Besides, the built-in paper trading feature enables the creation and testing of trading methods.
Also, the platform is free to use for practically all services. Once you’re ready to trade live, the program may be used for a variety of functions, including order transfers to brokers.
One rents or purchases the exchange software. That is to say, the lifetime license is the most cost-effective choice for investors who want to use NinjaTrader for an extended length of time.
NinjaTrader trade copier has additional features and tools that traders often need, such as optional order flow analysis. also, the community offers hundreds of add-ons.
Charts
Investors considering the NinjaTrader trade copier may do thorough testing and make simulated orders on real-time stock exchanges. But, only licensed traders may trade live with real money accounts using NinjaTrader.
It is still possible to operate efficiently without spending a single dollar on the trading platform, which is a significant advantage. Also, NinjaTrader allows for the simulation of trading in real-world market circumstances (paper trading) and the development of trading techniques.
This edition contains a trading journal that covers crucial figures as well as a fantastic trading log. This enables the creation of a trade journal to be very easy.
Kinetick
With a few mouse clicks, the trading platform may be linked to free Kinetick data. Indeed, the NinjaTrader trade copier may also be run concurrently after setup using the Kinetick feed. This covers the price of stocks on the stock market.
A consumer claimed that Kinetick was charging him for the usage of the EOD data, despite the fact that it is available for free. This is the feedback I got. Prior to taking action, there are two points to consider.
To begin, no subscription requires linking NinjaTrader to Kinetick EOD data. It’s as simple as linking NinjaTrader to Kinetick EOD data.
By subscribing through their website, you will be compensated for the Kinetick data you choose. Besides, if you made a mistake enrolling you can get your full refund. If you’re looking for intraday data, subscribing only to Kinetick is a great option.
Strategy Builder
The excellent NinjaTrader trade copier performance has enhanced the Strategy Builder, enabling less-experienced traders to build and apply new strategies without having to know how to program. Without much work, inexperienced traders may build and design a completely automated trading system.
Even though the commercials say otherwise, personalized programming is the most effective technique to get the greatest outcomes. For me, the biggest value of the Strategy Builder is the opportunity to inspect the source code afterward. This might be an excellent starting point for your programming.
Trade Simulation
Everybody is familiar with paper trading. But, paper requires patience. NinjaTrader trade copier enables you to examine plans in real-time market circumstances prior to risk cash being invested. Likewise, it provides a diverse range of trading possibilities and is a fantastic opportunity to practice, similar to a demo account.
To begin, you may buy and sell conventionally using the chart. Second, you may also evaluate trading techniques that are partly or completely automated. Thirdly, you can use the chart to display deals. This is the kind of thing I like.
Fourthly, you may rapidly export your chart to set up a trading journal. Finally, you may save and annotate the chart with text.
NinjaTrader’s Mobile and Emerging Tech
Clients of the NinjaTrader trade copier may use the CQG mobile app, which is accessible on both iOS and Android. While the app does not use the NinjaTrader platform, it does have a simple UI that includes real-time quotes, charts, and statistics. In the same way, it includes straightforward trading and order management features, sophisticated order types, hundreds of indicators, and fully adjustable chart styles and intervals.
NinjaTrader trade copier has hinted that it may likely release a separate mobile application in the future, but no announcements have been made.
Education
NinjaTrader and the ecosystem that surrounds it provide a wealth of teaching videos, seminars, and documentation. Although vendors offer the majority of instruction, which includes promotional materials for vendor systems, add-ons, and plugins.
The presence of a healthy ecosystem of other users and professional developers will almost certainly ensure that education and ideas continue to flow freely. To put it another way, the NinjaTrader trade copier provides various daily seminars and recorded videos to help you in maximizing the platform’s functionality. To make it simpler to locate what you’re searching for, the video collection is divided into a lot of parts, including Order Entry, SuperDOM, Market Analyzer, Charts, and Strategy Backtesting and Optimization.
The NinjaTrader blog contains a small amount of instructional information that has not to do with the platform. Besides, all of NinjaTrader’s instructional courses are available to anybody, clients and non-clients alike, for free.
NinjaTrader Pros & Cons
What we like (PROS):
- Day trading margins are as low as $50 for Micro Futures trading.
- There are no platform fees.
- Use a demo account to practice virtual futures trading.
- Customer service is available 24 hours a day.
- Over 1,000 applications allow you to tailor your trading platform to your specific requirements.
- Micro futures provide a low-cost way to trade top-trending equities index contracts.
- Access to simulated futures trading without restriction.
- Tools for analysis and charting that are highly regarded.
- Over a hundred distinct technical indicators and analytical tools.
- Numerous third-party trading applications
What we do not like(CONS):
- After one month of inactivity, there is a $25 minimum account activity charge.
- For domestic wire transfers, the charge is $30; for international wire transfers, the price is $40.
- Only the Windows operating system is compatible with the desktop platform.
- A $400 deposit is needed.
- Inability to engage in bitcoin trading
NinjaTrader Trade Copier’s Customer Service
NinjaTrader trade copier offers technical help 24 hours a day, seven days a week, as well as a 24-hour trading desk for emergencies and live orders. On weekdays, live chat support is provided on the NinjaTrader website, and response times were decent. Indeed, to contact NinjaTraders, please visit their Contact Us page, email, or file a support request.
The NinjaTrader help forum, which you can access through the NinjaTrader website, is an excellent resource for getting answers to queries or posting your own if you’re having difficulty locating information. Additionally, the forum is organized into five categories: News and Announcements, NinjaTrader 8 (the most recent version), NinjaTrader 7 (old release), NinjaScript File Sharing, and Suggestions and Feedback
What You Need to know
NinjaTrader trade copier has stunning charts that are very customizable and useful. Both the platform and brokerage are aimed at active futures and FX traders in need of a robust technical analysis tool.
NinjaTrader’s “sim trading” function is a good resource for inexperienced traders seeking experience with order entry, and the ecosystem is a helpful resource for locating indicators and techniques. Besides, the partial and complete strategy automation capabilities are beneficial improvements to the platform, and you may collaborate with a NinjaScript programmer to create your own technical indications and tactics. Of course, you may accomplish this on your own if you have prior coding expertise and are looking to further your knowledge.
At the end of the day, the NinjaTrader trade copier is a great software that you can pave the way for your trading journey. But if you need an alternative that is 100% free and simple, I recommend using Copygram. Learn more about Copygram here.
In a word, Copygram is a mobile application driven by artificial intelligence that allows you to instantly copy traders from your master to your MT4/5. Because the whole process is automated, no interaction is required; just configure Copygram to meet your objectives and let it do the hard work for you.
Good luck.