What's the minimum license I need to have?

[sinpeople]

Hi Folks,

On NT8 platform, I am doing some indicator development. For the back test of strategies, automated paper live trading, and automated live trading, what are the minimum license requirement for each of these three type?

Many thanks.

Best Regards
David

[NinjaTrader_ChrisL]

Hello David, thanks for your post.

You may develop scripts, run custom strategies on the Sim101 account on live data, and backtest strategies on the Sim101 account with the Simulation license key (comes with the platform when first installed). If you want to run your strategies on a live account you will need either a lease or lifetime license key. Please see our pricing details here on this page:

https://ninjatrader.com/BuyPlatform

Please let me know if I can assist any further, we appreciate your interest in getting a license key for live trading.

[sinpeople]

Hello David, thanks for your post.

You may develop scripts, run custom strategies on the Sim101 account on live data, and backtest strategies on the Sim101 account with the Simulation license key (comes with the platform when first installed). If you want to run your strategies on a live account you will need either a lease or lifetime license key. Please see our pricing details here on this page:

https://ninjatrader.com/BuyPlatform

Please let me know if I can assist any further, we appreciate your interest in getting a license key for live trading.

Thank you for your support. I noticed that OCO order is not in the Free version.
In the back test and paper live trading, normally how people determine if their entry is profitable or not without OCO order?

David

[NinjaTrader_ChrisL]

Hello David, thanks for your reply.

A NinjaScript Strategy will need to implement OCO logic on its own for backtesting. Use the SetStopLoss or SetParabolicStop and SetProfitTarget methods in a strategy to set up protective OCO orders for entries:

https://ninjatrader.com/support/help...etstoploss.htm
https://ninjatrader.com/support/help...abolicstop.htm
https://ninjatrader.com/support/help...ofittarget.htm\

Please let me know if I can assist any further.

[bangka888]

Thank you for your support. I noticed that OCO order is not in the Free version.
In the back test and paper live trading, normally how people determine if their entry is profitable or not without OCO order?

David

Hi! Does OCO order only available if I choose "Lease" or "Own" purchse option for NT8 trading platform ?

[NinjaTrader_ChrisL]

Hi bangka, thanks for posting.

A lease or lifetime license will be required to use OCO functionality, see here for pricing details:

https://ninjatrader.com/BuyPlatform

The lifetime license also comes with the OrderFlow suite of indicators.

Kind regards,
-ChrisL