GAIN Capital Group, LLC and NinjaTrader, LLC today announced a partnership that will provide forex traders with automated trading services via NinjaTrader's industry-leading platform.
GAIN Capital Group will provide real-time forex pricing and execution services for all forex trades carried out on the NinjaTrader platform.
NinjaTrader supports automated trade execution through most third-party charting applications, including eSignal and others, using NinjaTrader's Automated Trading Interface (ATI).
Presently, the NinjaTrader platform is available free of charge to professional users at GAIN Capital and to self-directed retail traders at FOREX.com, the retail division of GAIN Capital Group. NinjaTrader's regular subscription fee is $50 per month.
"We are pleased to be NinjaTrader's forex partner," said Mark Galant, CEO at GAIN Capital Group. "NinjaTrader offers a high performance trading platform that is extremely popular with active futures and equity traders. NinjaTrader's automation capabilities are especially useful in the fast moving forex market, allowing forex traders to seamlessly connect their favorite charting application to NinjaTrader and automatically execute trade signals," continued Mr. Galant.
NinjaTrader's highly visual and extremely efficient interface also facilitates advanced order and position management for discretionary trading. Using NinjaTrader, forex traders can:
- Pre-define trade entry and exit methods in an automated strategy
- Visualize all working orders and positions directly on the chart
- Automate submission of stop loss and profit target orders
- Automate updating of stop loss and profit target orders when scaling in or out of a position
- Auto-trail, auto-breakeven and auto-chase order capabilities
- Define multiple profit targets
"Since its inception, the NinjaTrader platform has provided futures and equities traders with a competitive edge through our innovative approach to advanced order and position management." said Raymond Deux, CEO of NinjaTrader, LLC. "Partnering with GAIN Capital Group allows us to bring our industry leading technology to the growing Forex market place."
A simulation edition of the Ninjatrader platform is also available, which includes real-time streaming rate data. Interested parties may register for the simulation edition to test their strategies and NinjaTrader's automated execution capabilities in a real-time environment, risk-free.