I would like to trade using Ninjatrader as my trading platform. You either buy a license fee for Ninjatrader or pay a yearly leasing fee that you pay monthly. What's the best futures broker that I can use this with, I heard that Ninjatrader has no monthly fees with some brokers, is this true? I think that is if you meet the monthly volume of contracts.
Velocity Futures and Global Futures offer Ninja Trader, its either free or about $50 a month, cant really remember.
timsk
Legendary member
- Messages
- 8,727
- Likes
- 3,424
Hi Sopodo (again!),
I use these folks and can recommend them enthusiastically: Infinity Futures. Talk to Markus Zielbauer although, I should warn you, I very much doubt that he'll let you trade the ES with a mere $500. I have a 5 figure account and am restricted to 2 contracts!
Tim.
I use these folks and can recommend them enthusiastically: Infinity Futures. Talk to Markus Zielbauer although, I should warn you, I very much doubt that he'll let you trade the ES with a mere $500. I have a 5 figure account and am restricted to 2 contracts!
Tim.
Presumably by choice?
Many thanks for your reply,
I had already looked into those brokers and they charge to use ninjatrader. I know if you go direct to the ninjatrader website they say their platform is free for simulation forever. But for real live trades you need to purchase one off license key or lease yearly. I think having to have to pay monthly to use it through a broker is really silly. When I could just lease it from ninjatrader direct and then in year 2 just purchase it. This way when starting out I don't incur too many costs starting up. The costs the brokers are suggesting month by month is more expensive than leasing it from ninjatrader. I have noticed some brokers have offered ninjatrader with lower monthly costs but then raise commission levels way higher than normal and also you need to make massive amounts of trades per month.
Many thanks for your replies in this thread and my other threads. Much appreciated.
That's unfortunate about infinity not allowing you to trade with $500. I am only looking to start off with buying 1 contract and making about 30 trades a day and then increasing that to 200 trades a day as I get better. Of course before I get into this I am trying to become good enough in a simulator.
timsk
Legendary member
- Messages
- 8,727
- Likes
- 3,424
Hi pboyles,
"Presumably by choice?"
That's correct and, also, I have a limit on the max' loss on any one day so that once it's hit, the platform locks me out so I can't trade. It sounds a bit nannyish I know, but I'm comfortable with it.
Hi sopodo,
Obviously, I know nothing about your trading but, statistically, I would have thought that the probability of you having 5 or more losing trades in a row is quite high - sooner or later. With a 5 tick stop, that's a potential drawdown of $312.50. Let's also assume your commissions are in the region of say $4.00 per round trip. At 30 trades per day, you're gonna be paying $120.00. Put it this way, you're going to have to make at least 9 ticks profit every day just to break even! I don't wish to be negative but, to be honest, unless you're a really exceptional trader - or extremely lucky - I can't see your account lasting more than a week, tops. I suggest you wait until you can fund an account with a bare minimum of $2,000 and preferably a lot more. Also, rather than trading the ES, start on the YM as it's only $5.00 per tick instead of $12.50 on the ES.
Tim.
"Presumably by choice?"
That's correct and, also, I have a limit on the max' loss on any one day so that once it's hit, the platform locks me out so I can't trade. It sounds a bit nannyish I know, but I'm comfortable with it.
Hi sopodo,
Obviously, I know nothing about your trading but, statistically, I would have thought that the probability of you having 5 or more losing trades in a row is quite high - sooner or later. With a 5 tick stop, that's a potential drawdown of $312.50. Let's also assume your commissions are in the region of say $4.00 per round trip. At 30 trades per day, you're gonna be paying $120.00. Put it this way, you're going to have to make at least 9 ticks profit every day just to break even! I don't wish to be negative but, to be honest, unless you're a really exceptional trader - or extremely lucky - I can't see your account lasting more than a week, tops. I suggest you wait until you can fund an account with a bare minimum of $2,000 and preferably a lot more. Also, rather than trading the ES, start on the YM as it's only $5.00 per tick instead of $12.50 on the ES.
Tim.
I found Mirus Futures to be the best because they only require $2500 to fund your account, which gave me plenty of money left over to purchase the lifetime ninjatrader license, mentoring and indicators.
Hope this helps!
Hope this helps!
I found Mirus Futures to be the best because they only require $2500 to fund your account, which gave me plenty of money left over to purchase the lifetime ninjatrader license, mentoring and indicators.
Hope this helps!
Many thanks for all your replies guys
Hi traderbee
About the Ninjatrader license, I am really confused. Some trading websites talk of how ninjatrader is completely free both for simulation and live trading. But then on the ninjatrader main website they also say it's completely free. But then have this other option to purchase the license as a one off fee for free lifetime use, it costs $995 for single broker and for multi broker it's $1,500. Or you can lease the software for like $300 a year.
Then the next confusing thing is, I find some futures brokers charging $60 per month for ninjatrader. I don't get it, does that mean I have to purchase or lease ninjatrader direct from ninjatrader.com and then on top of that pay $60 per month from the futures broker?
Please can you explain this to me?
Many thanks in advance
Iam with a Uk based broker and they offer ninja trader absolutely free with zenfire feed
http://www.fairvaluefutures.com/
if you look at velocity or global they dont offer the Zenfire feed for which ninja trader is made for so ninja dosent run at optimum speed with them , + they charge a transaction charge per side fairvalue do not they are all inclusive on ninjatrader Zenfire.
Sorry for the late reply... boating trumps spending time on my computer! lol!
I recommend doing ninjatrader separate from a broker. I'm sure the lease from the broker is $60 and not anything additional to ninja. But, If you were to change brokers down the road, they would more than likely shut off your ninja license and you would have to start all over.
I believe there are limitations to the free version, as well. I started out with their 30 day free trial, but I could only trade Sim. I just took the advice from the company I was mentored through and used Mirus Futures & bought the lifetime license from Ninja Trader directly and it has been great. I really don't have any complaints...
Traderbee
I recommend doing ninjatrader separate from a broker. I'm sure the lease from the broker is $60 and not anything additional to ninja. But, If you were to change brokers down the road, they would more than likely shut off your ninja license and you would have to start all over.
I believe there are limitations to the free version, as well. I started out with their 30 day free trial, but I could only trade Sim. I just took the advice from the company I was mentored through and used Mirus Futures & bought the lifetime license from Ninja Trader directly and it has been great. I really don't have any complaints...
TraderbeeMany thanks for the link, this looks promising but I don't understand how ninja trader can be free. Like traderbee said you need to purchase a license and the free version is for use of their simulator only.
Sorry for the late reply... boating trumps spending time on my computer! lol!
I recommend doing ninjatrader separate from a broker. I'm sure the lease from the broker is $60 and not anything additional to ninja. But, If you were to change brokers down the road, they would more than likely shut off your ninja license and you would have to start all over.
I believe there are limitations to the free version, as well. I started out with their 30 day free trial, but I could only trade Sim. I just took the advice from the company I was mentored through and used Mirus Futures & bought the lifetime license from Ninja Trader directly and it has been great. I really don't have any complaints...
Many thanks for your reply
So are you saying that once you pay the license fee from ninjatrader then you don't need to pay the monthly fee from a broker to use ninjatrader?
I don't understand how that works, I thought the brokers charge this on top of contract commissions and exchange fees.
You have been very helpful
Many thanks very much for your very prompt and helpful answers to my questions.
Sopodo,
I trade through Mirus Futures. It works like this :
You can use Ninjatrader free, without a monthly charge, if you want to use the platform's basic functionality.
If you want to use its ATM Strategies, which are the platform's advanced features (automatic stop losses, indicators etc etc) then you have to pay the lease, or buy the licence for a lifetime.
The lease is $180 / 3 months. It is auto-renewing.
The lifetime license is $995 (I think). One off payment.
If you think you'll be using Ninjatrader for a long period (and want to use the advanced functionality) then it's a no brainer to pay for the lifetime license.
It seems there are brokers out there who charge you to use Ninjatrader on top of the lease / lifetime license ... but I can't comment on this , becasue I don't know whether that is the case or not.
I hope this helps,
Paulie
I trade through Mirus Futures. It works like this :
You can use Ninjatrader free, without a monthly charge, if you want to use the platform's basic functionality.
If you want to use its ATM Strategies, which are the platform's advanced features (automatic stop losses, indicators etc etc) then you have to pay the lease, or buy the licence for a lifetime.
The lease is $180 / 3 months. It is auto-renewing.
The lifetime license is $995 (I think). One off payment.
If you think you'll be using Ninjatrader for a long period (and want to use the advanced functionality) then it's a no brainer to pay for the lifetime license.
It seems there are brokers out there who charge you to use Ninjatrader on top of the lease / lifetime license ... but I can't comment on this , becasue I don't know whether that is the case or not.
I hope this helps,
Paulie
That's very helpful
Thank you very much for your reply
Ninja trader looks like a very good platform
http://www.fairvaluefutures.com/ offers Ninja trader for free like the above email suggests .......with basic functionality. if you want all the bells and whistles then its $60 per month or you can buy the product, the commission rate fairvalue charge for use with ninjatrader is allinclusive for the platform and fees
They are prob one of cheapest out there, I dont trade emini´s myself but they are the cheapest on all European stuff and I do beleive they are as cheap if not cheaper on the emini´s, all their prices are available on their site , you just have to add on the exchange fee to work out your all in RT price
