There are powerful drawing tools easily accessible to measure the market with precision. You can load corresponding markets on a single chart to identify developing patterns with speed and ease. NinjaTrader provides multiple solutions to automate forex trade execution with no programming needed, including attaching orders to indicators for automated order execution. Integrated directly into the FX Board, Advanced Trade Management strategies can help to eliminate emotion through the use of pre-configured rules and conditions.

They allow you to automatically submit stop loss and profit target orders in milliseconds while managing trade exits. NinjaTrader provides multiple order entry interfaces designed for fast order execution. You can conveniently place orders on charts, through the FX Board or through customizable Hotkeys.

There are OCO orders to protect an open position. When one fills, the other is automatically cancelled. Yes, NinjaTrader empowers forex traders with industry leading charting, analysis and automation capabilities. Forex traders can use this top-class trading platform to uncover hidden opportunities and optimize order execution using some of the most advanced trading technologies.

For those new to the markets, paper trading futures and forex in real-time using live market data provides valuable practice. That NinjaTrader software provides you with data charting, customization and trading tools. You then select a brokerage or market data feed to work with. MetaTrader are NinjaTrader extremely popular platforms for trading that allow performing multiply kinds of analysis, using various kinds of charts, timeframes and indicators.

NinjaTrader is a great platform for making deals with futures, while MetaTrader is perhaps the number one solution for online forex trading. MetaTrader is used by millions of forex traders all over the globe. It is also packed with trading tools for in-depth market analysis and supports automated trading via expert advisors EAs. There are many MetaTrader brokers which is advantageous because it means you have lots more choice should you switch brokers down the line compared to NinjaTrader which is much more limited.

I still use the MetaTrader 4 platform and have done so for over a decade. I have never felt then need to change to anything else as it can handle all of my manual and automated forex systems. However, NinjaTrader supports more order types which can be a huge advantage for scalpers, especially given that the platform also gives the true market depth.

The MetaTrader 5 platform also has depth of market pricing but NinjaTrader edges it when it comes to technical analysis tools. If you are a forex trader looking to run complex trading strategies, then you might want to give serious consideration to NinjaTrader. On the other hand, if you are a novice trader that is just looking to buy and sell currency pairs, I think MetaTrader is more user-friendly. There are not many forex brokers who support the NinjaTrader platform, but they do provide a brokerage service themselves as you can see from out NinjaTrader Review.

The NinjaTrader brokerage supports futures, options on futures, and forex trading. They are also integrated with some of the best forex brokers in the industry.

The NinjaTrader platform is ideal for active forex traders who want access to plenty of technical analysis tools. The platform boasts excellent charting, real-time market analysis, fully customisable technical indicators, Chart Trader a chart-based order entry tool , along with a plethora of handy apps and add-ons from 3rd-party developers.

Richard Montana Richard has many years of experience in broker research, testing, analysis and reviews. He knows what to look for through years of trading himself with different brokers and listening to the feedback of others. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker.

This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. You can read more about our review process.

Forex trading in the United Arab Emirates is very popular, with many forex brokers accepting…. Buying and selling currencies is popular amongst residents of Singapore who are looking to speculate…. Forex trading is very popular in Indonesia. Whilst using a broker regulated by the Financial…. Currency trading is popular in France, especially for those who want to speculate on falling…. Home Guides Forex Brokers with NinjaTrader. Forex Brokers with NinjaTrader Richard Montana November 16, Table of Contents.

But it also is highly customizable and has some nice features like Tick-, Volume- and Renko-Charts. Also the support of C is great and thus offers a Plugin-rich community. Also the 'Market Replay' connection is awesome. I really hope they improve NT for Forex with NT8. Quote Message Report. Ninjatrader is the best platform IMHO. I am a c developer so naturally I love NT over Metatrader which is junk. I've also used jForex which I like very much but it is only supported on banks outside the US like Dukascopy.

I can't believe that myFxBook doesn't support ninjatrader, that sucks. I guess I will have to go to Zulutrade and hope they do. I am looking for a broker, which offers a forex account with leverage up to and starting lot of 0. Do you know anyone? For me Ninjatrader is the absolute favorite platform! Kind regards, Thomas. junk software on every level. totally useless for backtesting purposes.

my love software i hope ninjatrader admins can connect ninja to metatrader4 serrvers and we can use it in any forex brokers. a wonderful platform! convenient to trade variety of timeframes tick timeframes excellent thing to trade with short stop-loss of the minuses: - No mobile version of the platform. me too! no comment here? i just curious who use it. Please login to comment. Terms Privacy Site Map Site Map Calendar. Português Brasil. Português Portugal.

All Rights Reserved. HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.

Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.

Forex trading platforms serve as a connection between the trader and the currency world. Trading platforms allow traders to take advantage of trading opportunities as they arise on live charts thru the execution of buy and sell orders. Orders can go directly to your broker via the trading platform, and also can get sent to the liquidity providers that are responsible for the real time price quotes you receive.

As such it is very important to choose a trading platform that you are comfortable executing orders from. This article will introduce you to one of the most widely used trading platforms in the market — the Ninjatrader trading platform.

After reading this lesson, you will know how to download the Ninjatrader software, how to run it on your computer, how to use the tools inside the platform and how to execute trades from within the platform. First, you will need to do some research on the various Ninjatrader supported brokers.

Next, you will need to open a trading account with one of them. If you are new to trading, or to this particular trading platform, I suggest that you get the Demo version using the Ninjatrader demo download option. After you create your demo or live trading account , your broker will send login credentials to your email — User Name and Password.

You will also receive a download link that you will follow and the instructions for the Ninjatrader download. After clicking on the link in the email message from your broker, you will be asked to accept a file that contains the Ninjatrader data. Accept the file and download it on your computer. After you run the file, the installation will start automatically.

ATTENTION : Ninjatrader 7 and Ninjatrader 8 require the. NET Framework 4. Follow the steps to apply the. NET Framework software to your computer. Then you should re-launch the Ninja installation and complete the process. You will find the application icon on your desktop. To run the Ninjatrader software, you should simply click on the desktop icon and a window will pop-up asking for your User Name and Password.

Remember this information was contained in the email message sent to you from your Ninjatrader broker. Take the login data from the email and add it to the required fields. If you are unable to log in, this would likely mean that you are trying to connect to the wrong server. Check the email message from your Ninja brokerage agency to find the server you created an account for.

You should now be inside the Ninjatrader terminal. The default structure of the Ninjatrader software will bring four windows onto your monitor. These top two windows are the Control Center, and the Market Analyzer, and two bottom two windows are price charts. This is the most important window of the Ninjatrader Forex trading platform.

This is where you control all your settings and trades. The lower area of the Control Center is also essential. There are seven tabs there: Orders, Strategies, Executions, Positions, Accounts, Account Performance, and Log. The other six tabs are used to monitor your history and account performance. Then you can simply choose the type of order you want to implement, and the quantity of the contract.

Type in a Stop Loss order and a Take Profit order from the respective fields and you are ready to go. Every recent trade you open will show up there along with the parameters you entered for the trade. This helps facilitate the monitoring of your trades. This is another very important tab of your Ninja trading platform.

The reason for this is that it summarizes the overall performance of your Ninjatrader account. It includes vital trade performance metrics including avg win, avg loss, max drawdown , profit factor and net profit along with other related data. Above is an example of the Ninjatrader Performance window. Also note the information is divided into three columns — All Trades, Long Trades, and Short Trades. This way you are getting a better picture about your trading habits.

Another useful feature of the Account Performance Tab is that it could be adjusted to display a specific period. This way you can visualize your performance for separate periods of time. The Market Analyzer is the top right window on your default Ninjatrader terminal. This window shows you price data about the Forex pairs you have included in the table. The Market Analyzer window is versatile and you can add more custom columns to the table as needed.

Some of these columns could include Daily High, Daily Low, Volume, a week high, a week low, or the value of some indicator such as the Stochastic Oscillator or the Triple Exponential Moving Average. This allows you to quickly scan for market related information displayed via the table without even looking at the chart. Our Ninja trader review continues with exploring the charts of this trading platform. The Ninjatrader platform charts have a fairly standard structure.

This is how each of the default price charts appear:. As you can see, the structure of the default chart consists of green bullish candles and red bearish candles.

The period which each candle refers to is located at the X-axis of the chart, and the price of the Forex pair is located at the Y-axis. At the top of the chart window, you will find buttons that will help you modify the structure of each chart.

Notice that in some cases the Ninjatrader chart may come with an indicator attached by default. In our case, the default Ninjatrader chart includes a period and a period Simple Moving Average , which are displayed in orange color on the chart.

The first two buttons are drop-down menus where you can change the symbol that is displayed on the chart, and the respective time frame shown. The third button lets you change the way you visualize the price action on the chart. The default view will include Japanese candlesticks. However, you can also choose between Boxes, Bars, Line, or High and Low Bars.

The fourth button illustrates a pencil. The 5 th dot on the chart illustrates buttons that are used to zoom in and zoom out the chart.

The 6 th button illustrates an arrow by default. This is for the current mouse cursor. You can always switch to a Cross Hair or a Global Cross Hair. The next button opens a summary box that gives you brief information about the Forex pair you are looking at: Date, Current Price , Open, High, Low, Close, Volume, and Indicator Values if any. Notice that this data applies to the candle you are currently pointing at with your mouse. When you move the mouse through the different candle periods on the chart, the values on the summary panel change based on the candle you are pointing at.

The 8 th button opens a trading panel at the right side of the chart called Chart Trader. This is a quick way to buy and sell the Forex pair you are looking at on the chart.

This trading panel allows you to open your trades with a single click. This helps you react faster when a trade related situation occurs on the chart. The 9 th button lets you browse the Ninjatrader database for other trading symbols. There you can open every available trading instrument and visualize it on your chart. The last button we will discuss is the indicators button. This is where you can browse the available indicators in the Ninjatrader Forex trading platform library and add it to your chart.

You can enjoy a very rich set of tools including different Moving Averages, Volumes, Parabolic SAR, ADX, ATR, Bollinger Bands, CCI, Chaikin Oscillator, Double Exponential Moving Average, Triple Exponential Moving Average, Ease of Movement, Pivot Points , MACD, RSI, Stochastic Oscillator, and much more. We mentioned at the beginning that the default Ninjatrader platform starts with four separate windows. The entire platform operates with separate windows, which are not connected by a single software background.

Therefore, you may have to deal with a lot of trading windows on your desktop like in the case below:. And this example is when you only have three charts open. Now imagine if you are switching between five, six or even more charts. So, the one negative is that Ninjatrader 7 does not offer a feature to tile your windows internally. But there is a solution to this problem.

Since all the windows are separate from a single platform background, you can always use the features of your operating system to tile all the windows that are currently active on your desktop. This will instantly line up all the windows on your desktop:. This is a very useful feature if you are trading with many charts open or if you are using more than one monitor. There is another fix for this problem as well. When you are ready with the settings you want to visualize, simply click OK and you will format all the charts you chose in the same window:.

The example above shows two charts included in the same window. You can always add more charts to a single window and adjust the width of this window. Then you can create a second window with different charts. In this case, you will have only two windows to tile.

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Download the short printable PDF version summarizing the key points of this lesson…. Click Here To Download.

The platform includes s of indicators with various chart styles and timeframes to aid in your technical analysis. Now imagine if you are switching between five, six or even more charts. Next, you will need to open a trading account with one of them. The third button lets you change the way you visualize the price action on the chart. For me Ninjatrader is the absolute favorite platform! The MetaTrader 5 platform also has depth of market pricing but NinjaTrader edges it when it comes to technical analysis tools. After you create your demo or live trading account , your broker will send login credentials to your email — User Name and Password.

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