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Ninjatrader VS MetaTrader5

Compare Ninjatrader VS MetaTrader5 and see what are their differences

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Contents:
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  2. » Videos
  3. » Reviews
  4. » Alternatives

Ninjatrader logo Ninjatrader

Regardless of what markets you trade, what style of trader you are or if you require real time or...

MetaTrader5 logo MetaTrader5

World-leading multi-asset platform that allows trading Forex, Stocks, Futures and CFDs.
  • Ninjatrader Landing page
    Landing page //
    2023-10-02
  • MetaTrader5 Landing page
    Landing page //
    2023-10-07

Ninjatrader features and specs

  • Advanced Charting
    NinjaTrader offers highly customizable and advanced charting tools that allow traders to analyze market data in various ways. The ability to create custom indicators and automated strategies is a strong benefit for technical analysis.
  • Backtesting Capabilities
    Users can backtest their trading strategies with historical data, helping them refine their approaches and increase the probability of success without financial risk.
  • Comprehensive Platform
    NinjaTrader provides a complete trading solution with features for futures, forex, and options trading. It also supports strategy development, analysis, and execution, all within one platform.
  • Community and Support
    The platform has an active user community and provides support resources including webinars, forums, and extensive documentation to help users master the software.
  • Broker Integration
    NinjaTrader integrates with multiple brokers, giving traders flexibility in choosing where to execute their trades, often offering competitive commission rates.

Possible disadvantages of Ninjatrader

  • Complexity for Beginners
    The platform's range of features can be overwhelming for new traders, who may find it challenging to navigate and utilize effectively without prior experience or training.
  • Cost Consideration
    While NinjaTrader offers a free version for simulation and analysis, the full features require a paid license or lease, which could be costly for some traders.
  • Limited Asset Classes
    Primarily focused on futures and forex, NinjaTrader does not support stock trading within its integrated platform. This limitation may be a drawback for those looking to trade a diverse range of asset classes.
  • Learning Curve
    While the platform is powerful, it has a steep learning curve due to its advanced functionalities and customizability options, which might require a significant time investment to master.
  • Platform Stability
    Some users have reported occasional stability issues, such as software crashes or connectivity problems, which can be problematic during live trading sessions.

MetaTrader5 features and specs

  • Multi-Asset Platform
    MetaTrader 5 allows you to trade a variety of asset classes including Forex, stocks, commodities, indices, and cryptocurrencies.
  • Advanced Charting Tools
    The platform offers advanced charting tools with a wide range of technical indicators and graphical objects for detailed market analysis.
  • Automated Trading
    MetaTrader 5 supports algorithmic trading via Expert Advisors (EAs), which can automate trading tasks based on predefined strategies.
  • Market Depth
    The Market Depth feature provides an insightful view of available bids and offers, enhancing your market analysis.
  • Economic Calendar
    An integrated economic calendar allows traders to monitor market-moving events and news directly within the platform.

Possible disadvantages of MetaTrader5

  • Complexity
    The platform can be overwhelming for beginners due to its extensive features and advanced tools.
  • Limited Broker Support
    Not all brokers support MetaTrader 5, limiting its accessibility depending on your broker of choice.
  • Learning Curve
    There is a steep learning curve to fully leverage all the advanced features and customization options MetaTrader 5 offers.
  • Resource Intensive
    The platform can be resource-intensive, requiring a robust computer system for optimal performance, especially when multiple charts and indicators are used.
  • Transition from MT4
    Users transitioning from MetaTrader 4 to MetaTrader 5 may face compatibility issues, as not all scripts, indicators, and EAs are transferable.

Analysis of MetaTrader5

Overall verdict

  • Overall, MetaTrader 5 is a highly versatile and robust trading platform that is well-suited to both beginner and experienced traders, especially those interested in utilizing automated trading solutions.

Why this product is good

  • MetaTrader 5 (MT5) is often considered a good trading platform due to its extensive range of features. It provides advanced charting tools, numerous indicators, and the ability to trade a wide variety of financial instruments including forex, stocks, futures, and CFDs. MT5 is also equipped with a user-friendly interface, supports algorithmic trading through the MQL5 programming language, and offers a community for sharing strategies and signals.

Recommended for

  • Traders looking for a comprehensive trading platform with advanced features.
  • Users interested in algorithmic trading and developing custom trading robots and indicators.
  • Individuals or firms trading in a variety of financial markets, including forex, stocks, and commodities.
  • Beginners seeking a user-friendly interface with access to educational resources and community support.

Ninjatrader videos

+ Add

Ninjatrader review 2020 - Pros, Cons, Fees & More

More videos:

  • Demo - NinjaTrader Day Trading Chart Setup And Demo Account

MetaTrader5 videos

+ Add

Which Forex Trading Platform is BEST? (MetaTrader 4 vs cTrader)

More videos:

  • Review - Why I Switched From MetaTrader to TradingView - TradingView Review
  • Review - MetaTrader 5 - Forex Trading Platform Review and Introduction

Category Popularity

0-100% (relative to Ninjatrader and MetaTrader5)

Ninjatrader

MetaTrader5

Finance
11 11%
Finance
89% 89
Trading
11 11%
Trading
89% 89
Investing
9 9%
Investing
91% 91
Cryptocurrency Trading
100 100%
Cryptocurrency Trading
0% 0

User comments

Share your experience with using Ninjatrader and MetaTrader5. For example, how are they different and which one is better?
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Reviews

These are some of the external sources and on-site user reviews we've used to compare Ninjatrader and MetaTrader5

Ninjatrader Reviews

TradingView Alternatives For Budget Conscious Traders
NinjaTrader is a cheap option that has free historical data, good backtesting and optimization features including genetic algorithms. It’s cheap and has good tools so it’s a popular choice for traders who want lots of analysis without the cost.
Source: medium.com

MetaTrader5 Reviews

TradingView Alternatives For Budget Conscious Traders
MetaTrader platforms are known for their many features including robust alert systems and the ability to “hijack” the visual backtester to perform full replays during backtesting. These platforms support algorithmic trading through Expert Advisors (EAs) and have a large library of custom indicators and trading tools. While MT4 and MT5 are very versatile they require a...
Source: medium.com
Top 8 Forex Tester Alternatives in 2024
MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are widely-used trading platforms that include basic backtesting functionalities. These platforms are popular due to their availability and versatility, but they come with some limitations.
Source: forextester.com
5 MetaTrader alternatives for Apple devices (Jan 2023)
iOS devices with MetaTrader apps already installed can continue to use them, but they will not receive software updates, creating potential security risks. The problem does not affect Android mobile devices because MetaTrader platforms continue to be freely downloaded and installed from Google PlayStore. But this is not a solution for the millions of users who have no...
Source: smnweekly.com
Alternatives to MetaTrader
The brokers that support MetaTrader and other similar platforms purchase the rights to the software; the servers are run by the broker, and it’s just the software itself that is supplied by MetaQuotes, the company that developed MetaTrader.
Source: investingreviews.co.uk
What Are The Alternatives To MetaQuotes' MetaTrader MT4 And MT5 Platforms For Brokers?
It has been over 2 weeks since LiquidityFinder broke the story on Saturday 24th September that Apple had removed MetaQuotes' MetaTrader 4 (MT4) and MetaTrader 5 (MT5) apps from its App Store. This move by Apple, with still no official explanation from either Apple or MetaQuotes, has left a huge amount of uncertainty in the trading industry, both for brokers and end clients....
Source: liquidityfinder.com

Social recommendations and mentions

Based on our record, Ninjatrader seems to be more popular. It has been mentiond 4 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Ninjatrader mentions (4)

  • How to trigger change to machine ID or hardware ID for each Hyper-V guest VM
    My question is in regards to an app called Ninjatrader, which assigns an unique "machine id" to the installation. Based on my experience, I think machine id is tied to the physical hardware BIOS ID/serial. Therefore, reformatting Windows or changing the HDD will NOT change the machine id. Source: over 2 years ago
  • NinjaTrader Integration with EODHD APIs
    We are happy to announce our integration with NinjaTrader. NinjaTrader provides a C# framework for developers to build integrated indicators, drawing tools, automated strategies, and more. Source: over 2 years ago
  • How to start investing as a teenager?
    NinjaTrader (recommended for high school students). Source: about 3 years ago
  • What is the tax % to pay as a non US citizen day trading in the US market?
    I'm not a US citizen, I live in Europe and the country that I live has a double taxation agreement with the US. I want to day trade in a US broker (ninjatrader.com). The thing that it's unclear for me is the % of tax that the US will collect. Source: about 3 years ago

MetaTrader5 mentions (0)

We have not tracked any mentions of MetaTrader5 yet. Tracking of MetaTrader5 recommendations started around Mar 2021.

What are some alternatives?

When comparing Ninjatrader and MetaTrader5, you can also consider the following products

TradingView - The best charting tool for crypto and stocks

Atas - ATAS professional trading and analytic platform. АTAS analysis program: time&sales (time and sales), smart tape, atas allows to analyze point volumes

eToro - The social investment network that connects traders from around the globe and enables them to share...

TradingLite - Next-generation technical analysis platform Real-time liquidity heatmap, order-flow tools, indicator scripting plus more, whilst supporting all major crypto exchanges.

Robinhood - Free stock trading service.

NVSTly - A free, interactive social investing platform where retail traders can track, share, or copy trades with extensive insights on every position & in-depth performance stats. Discover & follow top ranked investors or compete against the best.

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