NinjaTrader 8 Review (NT8 Installation 101 Included + Free Strategy)
Traders are always searching for tools and platforms that may help them to trade better.
One of the tools that can really help them to achieve their goals is NinjaTrader 8 which is a feature rich and ingeniously engineered trading tool that guarantees a countless number of possibilities.
This article explains NinjaTrader 8 to make you understand the benefits that the users can achieve with it and with its major features. Continue reading…
What is Ninja Trader 8?
NinjaTrader 8 is an innovative platform that offers the traders a countless number of programming and trading possibilities.
This platform is based on a completely redesigned architecture to take advantage of the modern and new practices that are taking the world of stock trading, futures trading and Forex trading to a completely new level.
Compared with NinjaTrader 7, the brand new NinjaTrader 8 has a modern graphical technology interface that offers great charting functions.
Ninja Trader 8 is filled with features and offers more than five hundred new improvements and features. This most ambitious and biggest project offers stable and reliable trading solutions to traders from all over the world.
The new improvements that Ninja Trader 8 offers help in taking the trading indicators to a completely new level while they provide the traders with the best trading indicators that they can trust to place profitable trades.
Also other providers already offer free NinjaTrader Trading Indicators.
How does NinjaTrader 8 help the traders?
NinjaTrader 8 helps the traders in several ways. Some of them include:
NinjaTrader order submission
Those who are using other trading platforms can confirm the fact that it may be quite boring to do order submissions and management.
With NinjaTrader 8, a powerful and easy to use trade management and order entry function has been introduced to overcome the limitations.
It offers the traders the opportunity to achieve their goals in a much better way. The Chart Trader and SuperDOM are incredible solutions for the order entry.
These features are known to provide the traders with a clear trade visualization, with a fast entry and with an easy way of operating.
The fast order submission makes sure that the time between your trade ideas and the execution of the trade is as short as ever possible.
The best features in trade management
NinjaTrader 8 offers the finest features in order management that help the traders to define their trade management strategies.
Among them there are auto break-even stops, stop loss orders, multiple profit targets and trailing stops.
These features are automatic and they improve the performance of your trades by submitting your entry and exit orders within less than a second.
Comprehensive market analytics tools
With the market analytic tools being provided by Ninja Trader 8, it is much easier to find lucrative trading opportunities.
With these incredible tools you are able to analyze the available markets in a flexible and user-friendly way. This ensures that in the end you will trade better.
The markets that you are trading don't matter, just like your style of trades or if you need an end of the day or a real time analysis.
NinjaTrader8 provides you with the state of the art tools to analyze your trading ideas and the markets in the most effective way.
You can customize and automate your trading
With NinjaTrader8, you can take your day trading as a beginner to a completely new level by using the trade automation and custom development.
This trading platform provides you with an amazing ability to automate all your trading tasks. This reduces costs and saves a lot of precious time and efforts.
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Broker-Connectivity and choice of market data services
Ninja Trader8 is completely independent from brokers. So, you have the freedom to select where you want to execute your trades.
You have the choice between 6 brokers that may be connected to NT8.
In addition to this, the platform has the capability to support all independent market data providers.
Beside this, the traders have the opportunity to start with paper trading and to complete their analysis with real time-data without paying any cent for this fantastic software.
To connect NinjaTrader 8 with a broker of their choice, the traders just have to buy or to rent a NinjaTrader live account license. The NinjaTrader demo account is not sufficient for this.
During the trading a trader may have to face some challenges. However, since the support is easily available, help is offered quickly.
This means that the traders can do their analysis and place their trades without worrying about the things that could happen in the case of certain problems.
Features of NinjaTrader 8
The new NinjaTrader 8 has a lot of amazingly brilliant new features that enable the traders to analyze, to build and to stimulate their trades.
Here are a few of the features that NinjaTrader 8 offers.
Compared with the earlier versions of NinjaTrader, like e.g. NinjaTrader 7, now there are significant improvements in the platform’s charting.
It includes features like a superior drag and drop function, enhanced equidistant bar spacing, vertical and horizontal scrolling, an extended-interval selector for interval customization and many more.
The charts are visual. So, placing orders this way is incredibly easy.
New alerting system
NinjaTrader 8 has an alert function that has been redesigned to allow the execution of complex trading strategies, even if the trader doesn't have any excellent programming experience.
With this new alert system, the traders are able to compare two separate data series, to share messages, to play custom sounds and to set alerts being based on specific triggers, like e.g. custom time-interval and reversed conditions.
NinjaTrader 8 has a dynamic and a static SuperDOM feature which helps to improve the functionality analysis of the market.
With this fantastic feature, the traders may add trading indicators of their choice to the price-column display.
This helps to visualize key values. Add or remove price levels, configure new-columns and much more.
Modernized User Interface
A dynamic and streamlined interface helps the traders to optimize the familiarity while they are optimizing their workflow.
The traders are able to personalize their applications and to share them with fellow traders, to duplicate settings to new windows or to tab and to configure warning messages to ask for confirmation when they close a tab or a window.
Improved market data
The trading platform core data engine has been rewritten. Now it provides the traders with the ability to export, to import and to edit market data within an amazingly short time.
The traders may set a specific connection that helps them to obtain historical data in real time when ever they need it.
Better session management
The session management of NinjaTrader 8 has been improved significantly.
A new window that displays the trading hours allows the exclusion of certain calendar dates from the charts.
So, the traders can skip the holidays or other non-trading days. Beside this, it makes multiple-trading segments within one single trading day possible.
NinjaTrader 8 trading indicators
The brand new NinjaTrader 8 technology is a solid basis for high performing trading indicators.
Now you can plot even more data points and you can make use of a better visualization and of a far higher speed when you apply a trading indicator within the NinjaTrader platform.
For traders with a low budget it is a great opportunity to have a try with a free trading indicator being provided by Ninjacators in every month.
Those indicators may be combined with the free NT8 version along with the free Kinetick data feed.
Please, read the detailed Ninjacators review. If you like to go on and to receive your first free trading indicator right now, please, use this button:
The download of NinjaTrader is available for free. The traders have the opportunity to use almost 100% of the NinjaTrader functions for free.
However, traders who like to connect NinjaTrader with their brokerage account have to buy a NinjaTrader live account license.
This may be rented for $180 per quarter, for $330 for six months or for $600 per year.
However, traders who like to use NinjaTrader for longer may consider buying the software with a single payment of $999 or with 4 monthly payments of $299.
NinjaTrader 8 Review | Summary
NinjaTrader 8 is an incredible trading platform with a lot of features that provides the traders with benefits in many ways.
With this tool, the traders are able to manage their sessions perfectly, to access improved market data and to benefit from a user-friendly interface, charting and alerting system.
NinjaTrader belongs to the very best providers of free trading software. The traders only have to pay when they like to connect NinjaTrader with their brokerage platform.
You will see that the system has advanced and stable features that the previous versions of NinjaTrader, like e.g. NinjaTrader 7 and NinjaTrader 6.5, did not offer.
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NinjaTrader 8 advantages
- More than 500 improved and new features
- Great trade management functions
- Comprehensive tools for the market analysis
- You can customize and automate your trading
- Broker connectivity and choice of market data services
- Free demo & excellent support
NinjaTrader 8 disadvantages
- Not every broker can be connected with NT8
- Intraday market data may be expensive
- No Artificial Intelligence features
Frequently asked questions
Where can I download NinjaTrader 8?
Traders can download NinjaTrader 8 here: http://ninjatrader.com/
Is there any NinjaTrader demo?
Yes, it is available. NinjaTrader 8 can be used for free for as long as the traders don’t want to connect it with their live-brokerage account. Also the Kinetick data feed may be used for free (the end of the day data).
What is the NinjaTrader Brokerage?
NinjaTrader LLC doesn’t really offer an own brokerage service. They cooperate with Phillip Capital and Dorman Trading being focused on Futures Trading and with FXCM and FOREX.com being focused on Forex-Trading.
Is NinjaTrader 8 MAC-compatible?
NinjaTrader only runs on Windows systems. Using a MAC makes it necessary to use a Windows based partition to run NinjaTrader 8 properly.
Are there any other NinjaTrader data feed providers beside Kinetick?
Yes, you can connect NinjaTrader with many brokerage platforms and data feed providers, like e.g. eSignal.