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Based in Exeter - working across prop trading firms worldwide

Glossary · Platforms

NinjaTrader

  • Also called
  • NinjaTrader 8
  • NinjaScript

What it means

In a futures prop firm, NinjaTrader is often the front end traders want to use, connected to the firm's accounts through Rithmic or through NinjaTrader and Tradovate's own infrastructure. Its NinjaScript language supports custom indicators and automated strategies.

Because NinjaTrader supports automation, firms that allow it need an EA policy that covers NinjaScript strategies and third-party add-ons, and a risk engine that can spot automated abuse.

Licensing for the platform itself can be separate from the prop account; firms should state whether a NinjaTrader license is included or the trader needs their own.

Related terms

Read these next.

Platforms

Tradovate

Tradovate is a cloud-based futures trading platform and brokerage, part of the NinjaTrader group, used by futures prop firms to provide simulated and live accounts.
Platforms

Rithmic

Rithmic is a futures market data and order routing provider that many futures prop firms use to connect traders' platforms to simulated and live accounts.
Evaluations

EA policy

An EA policy is a prop firm's rules on expert advisors, bots and other automated trading: which are allowed, which are banned, and how the firm checks.
Platforms

Trading platform

A trading platform is the software traders use to place orders and see positions; for a prop firm, it also supplies the account data the risk engine and dashboard rely on.
Platforms

ProjectX

ProjectX is a futures trading platform and back end from the Topstep group, built for prop trading, whose availability to other prop firms has changed over time.

On your website

Where this shows up on a prop firm site.

Feature

Challenge pricing table

The table traders compare first: program, size, price, target, daily and maximum loss and split, readable in ten seconds on a phone.
Tool

Prop Firm Launch Cost Calculator

Estimate what it costs to launch a prop firm: platform, CRM, KYC, payments, legal, website and marketing.
Guide

Rithmic, Tradovate or Volumetrica for a Futures Prop Firm

Compare futures platform routes for a new prop firm after ProjectX: Rithmic and its front ends, Tradovate and NinjaTrader Prop, Volumetrica, DXtrade XT.
Guide

NinjaTrader Prop for Prop Firms: An Operator's Guide

What NinjaTrader Prop and Tradovate Prop are, how a futures prop firm gets access, what to ask NT Technologies, and the website work involved.

Looking for a prop firm to trade with, not a website? Compare firms on PropFirmPal, the comparison site our founder owns.Go to PropFirmPal →

All glossary termsGuides

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