Product Review: NinjaTrader 7 Jayanthi Gopalakrishnan
When it comes to trading, there are only a few things you can control. These include the size of your positions, your entry, and your exit. When you are trying to trade in a fast-moving market, you must make decisions about your position size, entry, and exit very quickly. To prepare yourself to do that, you need to come up with various scenarios to tackle different market conditions.
Judging by the features available in NinjaTrader 7 (NT7), I assume the developers created this product with trade management as its focus. The product has a very rich set of features aimed at making trading for scalpers, swing traders, futures traders, currency traders, and equity traders more efficient.
INSTALLATION AND DATA
Installation only took a few minutes. You need to enter a product license key. NinjaTrader has partnered with several datafeeds and brokerages. A complete list is available on the company’s website. You can also use their preferred data provider Kinetick (www.kinetick.com), which starts at $50 per month for real-time service and is a free end-of-day datafeed.