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One of the biggest challenges in visual design and architecture is to create a simple yet functional infrastructure. Same applies to trading platforms. The challenge is to create a functional and visual design that would not only be easy to navigate, but also appeal in its look and finally would be easy to execute on.
Additionally, any given software must also encompass features that would allow a trader to have full control of trading but automating certain variables such as profits targets, stop losses, scaling out of trades, etc. NinjaTrader has done a quality job in our opinion where the programmers and interface designers have understood with comprehension the needs of the traders.
Some of the features that NinjaTrader offers:
1) Advance Trade Management (ATM) – this allows a trader to pre program the exits as they relate to stops and profit targets. Also, a trader could exit multiple positions at different price levels if reached.
2) Automated Trading – you can program NinjaTrader to execute your own methodology in their own script or you can connect to other automated services for execution.
3) Trading from the charts- first you can have a number of overlay studies on the chart, a display of your entries on the charts, a display of your automated entries and exists, a sound bite associated with your trade, etc.
4) Prebuilt indicator Scan-NinjaTrader has access to more than 100 indicators that can scan the market for you. You can use one or all for your entry or exit methodology.
5) 3rd party indicators-NinjaTrader has a library of educators who share their own methodology that could be directly implemented into the platform.
6) Multiple data streams- you can choose multiple data feeds based on your preference of feed and the instrument traded.
7) Playback functionality- you can record an entire days action play it back while you apply your methodology. This is a perfect tool for those who want to test their method.
Above all, NinjaTrader is a good platform from a functionality and stability stand point. I recommended that you try the platform via its simulator that is available for free and play around with it until you feel comfortable.
To receive a free account demo with live prices and historical prices please go here: http://www.optimusfutures.com/ninja_trader_request.html
THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. YOU CAN LOSE MORE THAN YOUR INITIAL INVESTMENT.STOP LOSS ORDERS MAY NOT LIMIT YOUR LOSSES TO THE AMOUNT INTENDED. CERTAIN MARKET CONDITIONS MAY GET DIFFICULT OR IMPOSSIBLE TO EXECUTE SUCH ORDERS. YOU SHOULD BE AWARE THAT THERE IS A RISK OF LOSS IN FUTURES TRADING
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