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is this true, with ninja trader brokerage, and for example Dorman, you can´t get the real NT8 version for free anymore, like it has always been with most of the brokers. Now it´s only the free edition which is very limited, no strategy, strategy builder / analyzer, no chart trader, not even an ATM??
You have to lease or buy the plattform... to get the real version.
?
If so, which other platforms do you guys use and recommend, and brokers?
Other platform vs. NT? pro and cons
possible to have a good fully function platform for free incl. free data with some brokers nowadays?
The Free Live Trading Version (previously Direct Edition) has always been the free version since the inception of NinjaTrader Brokerage in 2014. If you lease or purchase a lifetime license, you get access to premium features and lower commission rates as detailed in the following webpage - https://ninjatrader.com/LicenseComparison
Disclosure: This communication is sent to you by NinjaTrader, LLC, a software development company which owns and supports all proprietary technology relating to and including the NinjaTrader trading platform.
If I were to open a Ninjatrader Brokerage account with Dorman or Phillip, what data will I have access to right out of the gate? I think the futures trades are executed through Continuum (CQG), is that also where the real-time data comes from or would that be Kinetick? What about historical data, how far back does that go and what does it include?
Would I just get real-time data or would I also receive historical data? Would I get this data for all the futures contracts I can trade with Ninjatrader Brokerage? Do I need an additional market data subscription to get "more complete" historical market data? What about level II data?
I think I can also have an additional subscription to Kinetick to receive real-time/historical data for other markets, which is a monthly charge. Hypothetically, if real-time/historical data from Ninjatrader Brokerage is available and real-time/historical data is available through Kinetick, for the same futures contracts, would I benefit from having both sets of data?
I currently trade forex pairs through Forex.com, I want to do that on Ninjatrader. I want to be able to trade ES and 6E using level II market data. I want to use Ninjatrader to design trading systems and run back tests on these futures. Do I need more than a Ninjatrader Brokerage account and Ninjatrader 8 with a lifetime license to be able to do this?
I do understand that forex markets may or may not have level II data available, I'm not really worried about that. I do want to see level II data for futures contracts, either through Ninjatrader's Orderflow tool or a 3rd party order book app/plugin.
I will answer some of my own questions now that I have spoken with Ninjatrader, they were very helpful. Hopefully this is useful for others. Thanks!
Yes, I will have real-time and historical data via CQG when I open a brokerage account with Ninjatrader. I will pay a competitive monthly fee for this real-time/historical data, there are four data feeds that can be purchased. I can have all four for a reduced rate or each individually. These four feeds include data on everything (based on their spreadsheet of commission rates and all listed futures contracts) except ICE and Eurex, these two are significant monthly investment.
The data I receive will include level II, which is included with that competitive monthly fee.
The historical data goes back about 15 years.
I don't need a lifetime license to be able to trade my Ninjatrader Brokerage account and my Forex.com account at the same time on Ninjatrader. Having a lease or purchasing a lifetime license will advance you on their tier system, which then gives you access to more of Ninjatrader's tools, including the Orderflow tool which becomes available with the lifetime license.
Having an additional data feed for futures contracts on these markets would be redundant and unnecessary. Additional data feeds purchased through Kinetick or any other data provider that is compatible with Ninjatrader, would be for getting access to stock real-time/historical data or any other market you want to pipe into Ninjatrader.
I seen that NT has 2 CFms. Which one is preferred. I spoke with a rep and they sent me a link to sign up for a Futures account and it asked which one to choose. I have never dealt with any 3rd party brokers, TD is my broker and never been away from them. I have tried a few others like Tasty and First Trade and was just signing up with them was all that was needed. I want to make sure I have real time data and fast orders. I am wanting to trade on NT but use my TD platform as my charting since it is all set up for my trading, but then change over after being able to code up some indicators for NT. I just want to make sure the data is real and not off by a few seconds or have any extra slippage that is not needed. I just have heard many stories about some brokers that have been kinda shady on entries and exits to make a little extra on their end. Pretty much asking if NT is very good at staying honest and who is the best or most preferred CFM they have.
What irritates me about NinjaTrader brokerage is their inactivity fee. If you do not trade every month, you have to pay $25. Because of my work, I am sometimes not actively trading for several months. How is $25 going to impact their bottom line? This is the main reason I do not use them anymore.
All it takes to avoid the inactivity fee is one trade a month. If you where so inclined you could just take a trade for one tick. If you can't reliably make one tick most of the time maybe trading is not for you. Just saying.