Most traders dream of copying the strategies of the best traders in the business to shortcut their learning curve and accelerate their path to success. However, replicating trades across multiple accounts can be tedious, error-prone, and time-consuming, creating more headaches than benefits. This article will show you how to efficiently use the best trade copier, including the Ninjatrader Trade Copier, to replicate trades across multiple accounts with precision and minimal effort, enabling consistent trading success and portfolio growth.
A trading VPS is the perfect tool to help you achieve your trade copying goals with NinjaTrader. This solution can effectively boost performance and stability, keeping your copy trading operations running smoothly without interruption or technical glitches.
What is a NinjaTrader Trade Copier?
NinjaTrader is a trading software company that has been around since 2003 and is located in the U.S. The firm specializes in providing a top-rated trading platform with a robust set of research tools that allow users to:
- Analyze stocks
- Futures
- Forex
In addition to providing software, NinjaTrader is a National Futures Association-registered corporation and an introducing broker.
Integrating NinjaTrader with Broker Accounts: Expanding Trading Opportunities Across Financial Markets
This means that NinjaTrader manages your assets and cash, while Interactive Brokers or TD Ameritrade keep the following:
- Costs
- Trading platform
- Customer support
- Brokerage services
You may link your NinjaTrader platform to the following:
- Forex.com
- City Index
- Oanda
- 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.
The Trading Experience with NinjaTrader Trade Copier
NinjaTrader trade copier’s charting interface is simple and customizable. Indeed, it’s simple to:
- Customize the colors (for the background, crosshairs, gridlines, and text)
- Typefaces
- Bar spacing/width
- The 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
- Point and Figure bars
- A diverse range of chart styles, including:
- Candlesticks
- OHLC (with variants)
- Kagi Line
- Mountain
You’ll have access to various straightforward order entry interfaces, including Chart Trader. This fantastic tool enables you to make and manage trades 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
- Stop-limit-orders
- Sophisticated OCO (one cancels the other) orders
If you are interested 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 NinjaTrader’s C#–based trading framework.
NinjaTrader’s 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 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
Limitations of NinjaTrader
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.
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Main 5 Features of NinjaTrader Trade Copier
NinjaTrader’s Trade Copier offers a range of features to streamline trading activities. Let’s explore the key features of the NinjaTrader Trade Copier, emphasizing their importance in enhancing trading efficiency.
NinjaTrader is an excellent complement to the trading tools offered by an online broker. These capabilities include sophisticated:
- Charting
- Market analysis
- The creation and execution of automated trading strategies.
Trading Strategies
NinjaTrader trade copier offers an optimal combination of:
- FOREX
- FOREX futures
- Equities
- Discretionary
- Automated trading
Again, the only thing 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.
Exploring NinjaTrader’s Free Features, Licensing Options, and Advanced Tools for New and Experienced Traders
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 various functions, including broker order transfers.
One rents or purchases the exchange software. The lifetime license is the most cost-effective choice for investors who want to use NinjaTrader for an extended time. NinjaTrader trade copier has additional features and tools that traders often need, such as optional order flow analysis. The community also offers hundreds of add-ons.
Charts
Investors considering the NinjaTrader trade copier may thoroughly test it and make simulated orders on real-time stock exchanges. Only licensed traders may trade live with real-money accounts using NinjaTrader. Operating efficiently without spending a single dollar on the trading platform is still possible, which is a significant advantage.
Also, NinjaTrader allows for the simulation of trading in real-world market circumstances (paper trading) and developing trading techniques. This edition contains a trading journal covering crucial figures and a fantastic trading log, making creating a trade journal easy.
Kinetick
The trading platform may be linked to free Kinetick data with a few mouse clicks. 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 using the EOD data, even though it was free. This is the feedback I got. Before 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 make 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 knowing how to program. Without much work, inexperienced traders may develop and design a completely automated trading system.
Even though the commercials say otherwise, personalized programming is the most effective technique for achieving the most significant outcomes. The Strategy Builder’s greatest value 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 before investing in risky cash. Likewise, it provides diverse trading possibilities and is a fantastic opportunity to practice, similar to a demo account.
- You may buy and sell conventionally using the chart.
- You may also evaluate trading techniques that are wholly or partly automated.
- You can use the chart to display deals. This is the kind of thing I like.
- You may rapidly export your chart to set up a trading journal.
- You may save and annotate the chart with text.
NinjaTrader’s Mobile and Emerging Tech
The NinjaTrader trade copier clients may use the CQG mobile app, which is accessible on iOS and Android. While the app does not use the NinjaTrader platform, it does have a simple UI that includes:
- Real-time quotes
- Charts
- Statistics
In the same way, it includes:
- Straightforward trading and order management features
- Sophisticated order types
- Hundreds of indicators
- Fully adjustable chart styles and intervals
NinjaTrader trade copier has hinted that it may soon release a separate mobile application, but no announcements have been made.
Education
NinjaTrader and its ecosystem provide a wealth of teaching videos, seminars, and documentation. Vendors offer most instructions, including promotional materials for vendor systems, add-ons, and plugins. A healthy ecosystem of other users and professional developers will 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 maximize the platform’s functionality. To make it simpler to locate what you’re searching for, the video collection is divided into many parts, including:
- Order Entry
- SuperDOM
- Market Analyzer
- Charts
- Strategy Backtesting and Optimization
The NinjaTrader blog contains a small amount of instructional information that has nothing to do with the platform. Besides, all of NinjaTrader’s instructional courses are free for anybody, clients and non-clients alike.
NinjaTrader Trade Copier’s Customer Service
NinjaTrader trade copier offers technical help 24 hours a day, seven days a week, and a 24-hour trading desk for emergencies and live orders. On weekdays, live chat support is provided on the NinjaTrader website, and response times are decent. Indeed, to contact NinjaTraders, please visit their:
- Contact Us page
- 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. The forum is organized into five categories:
- News and Announcements
- NinjaTrader 8 (the most recent version)
- NinjaTrader 7 (old release)
- NinjaScript File Sharing
- Suggestions and Feedback
Related Reading
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- DX Trade Copier
- Trade Multiple Accounts Simultaneously
- Copy Trading Platforms
How to Master the Art of Copying Trades with NinjaTrader’s Trade Copier
Choose a Reliable Master Trader
Selecting a dependable master trader is crucial for successful forex copy trading. You want to find someone with a solid track record and a trading style that matches your goals and risk tolerance.
To do this, start by searching NinjaTrader’s online community and forums for master traders with high success rates. Research their trading performance and statistics to get an idea of their approach to trading. Finally, ensure their trading style aligns with your goals and risk tolerance before choosing.
Install and Configure the Trade Copier
After choosing a master trader, install and configure NinjaTrader’s Trade Copier.
- Download the NinjaTrader Trade Copier from the NinjaTrader website.
- Follow the instructions to install it on your NinjaTrader platform.
- After installation, configure the copier to your trading account.
- Make sure to adjust the settings according to your preferences.
Test and Monitor Copied Trades
Before entirely copying trades, test the trade copier and monitor how the copied trades perform. This testing phase helps you see if the master trader’s strategy works well with your account. Make adjustments if needed.
Manage Risks and Review Results
Manage risks by regularly reviewing the performance of copied trades. Adjust risk settings if necessary and ensure the master trader’s strategy aligns with your risk tolerance. Have an exit plan in case the copied trades don’t give the desired results.
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- NinjaTrader
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- Interactive Brokers
- Sierra Chart
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