the painful truths regarding trading in addition to the losses that oftentimes plough over when traders pose their majuscule at run a endangerment prematurely.
If you lot can't brand coin inwards simulation mode, you lot for sure won't succeed inwards alive trading. If you lot tin brand coin inwards simulation mode, *then* you're create to tackle the psychological challenges of putting existent coin on the line. Many traders neglect only because their majuscule runs out earlier their learning curves plough upward. Simulation trading is a means of edifice the learning crimp spell you lot conserve capital.
Ninja Trader supports this philosophy past times making their platform complimentary of accuse to developing traders. You alone pay for the software when you lot are create to become live. All of the software functions, from fake trading to organization evolution to the collection of sophisticated trading metrics, are enabled inwards the complimentary package. That makes the platform an unusually skillful learning tool.
A few features I like:
* Some overnice charting options - Above (top chart) I charted the overnight ES futures (1 min), amongst a 20-period VWAP (blue line) in addition to mass bars (bottom pane). The mass bars exhibit how much of the minute's mass traded at the marketplace position bid (red) vs offering (green). The mass alternative is non every bit flexible every bit Market Delta (it cannot generate bars on historical information in addition to starts the bars afresh if you lot alter fourth dimension periods, add together indicators, etc), but it's a overnice means to acquire acquainted amongst tracking intraday sentiment.
* Learning club stream - In the bottom chart, you lot tin run into i of the Depth of Market (DOM) displays from Ninja. You click on the left (below the marketplace position price) to house a trammel purchase club at a chosen price; you lot click on the correct side of the display (above the marketplace position price) to house a trammel sell club at your chosen price. You tin run into the orders resting inwards the mass inwards a higher house in addition to below the marketplace position cost in addition to rails the club stream over fourth dimension to grab an influx of potential buyers or sellers.
* Order management - Note at the bottom of the DOM nautical chart inwards a higher house that at that topographic point is an alternative for placing orders at the marketplace position in addition to also for plugging inwards your earnings targets, halt loss points, in addition to quantity traded. You tin also house a diverseness of club types via carte selections at the command panel. The software tracks the condition of your orders in addition to records your fills.
* Metrics - H5N1 strategy analyzer module tracks such metrics every bit cyberspace profit, max drawdown, Sharpe ratio, publish of trades, publish of winning/losing trades, average sizes of winners/losers, largest winners/losers, largest publish of consecutive winners/losers, average fourth dimension inwards the market, in addition to average maximum adverse/favorable excursions. Excellent tool for tracking progress in addition to establishing a rails record.
Ninja Trader plant amongst a diverseness of information vendors in addition to connects to a publish of well-known brokers. Management believes that if they expose the software in addition to help traders develop, they'll endure rewarded amongst client loyalty when it's fourth dimension for the trader to become live. That's an odd commitment to trader development, in addition to it's why I'm posting this review.
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