MetaTrader vs NinjaTrader – automated trading and back-testing

MetaTrader vs NinjaTrader – automated trading and back-testing

Automated trading instruments are nowadays a required piece of equipment of every successful trader. Both MetaTrader and NinjaTrader dispose of a wide range of valuable tools. When it comes to comparison, it is hard to pick the better platform. Although the popularity of the MT4 may diminish the qualities of NinjaTrader, it is worth to take a look the opponent. If there is a forex broker offering the latter platform, why not choose it?

The mass-appeal of the MetaTrader platforms is a result of the widespread popularity of the MQL4/5 scripting language allowing its user to program custom indicators and a personal expert advisor, mt4 language is not easy to learn, but the large society of IT specialists would thankfully turn your idea into a useable robot. The same guys have their own robots for sale, but either they are unsuccessful or expensive. This does not mean that off-the-web eas are useless, but you should not trust slogans. The development of your robot can be also supported by the huge social trading community with a wide array of signals and data to come in hand. After your robot is completed, you can test it on a forex demo account or use the built-in Strategy Tester. With this tool, the trader can compare the strategy with the data provided by the best forex brokers. On the other hand, the NinjaTrader uses the NinjaScript similar to the C# language, so traders familiar with it should make a do writing robots. A feature superior to MetaTrader is the possibility not only to back-test robots, but also to test them in the future. It is something different than a forex demo. It is possible even if the trader operates on a live forex account, for free.

To sum up, although NinjaTrader offers superior tools, it does not have the impressive community of the MetaTrader making the latter a better platform for beginners.