Free Trading System Indicators
What are the benefits of NinjaTrader Indicators over Mt4 Indicators? The reality is the platforms on which they are based are vastly different. Ninjatrader is a much more low key platform than Metatrader. Metatrader has been around for quite a while and being offered for free by many brokers. The coding of indicators and expert advisors is different for both platform. This means once you have chosen a platform you will probably stick with it for a while whilst you learn the programming language.
Personally I have used both and whilst I think the language is easier in MT4 indicator, NinjaTrader provides a nice application in built that lets you create an indicator or create a system that trades your strategy automatically. As far as indicators go, you can pretty much code most indicators on both systems. The one benefit that NinjaTrader has is that is has an in built renko chart. On MT4 it is a bit of a mission to get a renko chart to work effectively.
Both platforms are now slowly switching to newer versions. Ninjatrader is bringing out version 7 and MT4 is slowly being migrated into MT5. How quickly these platforms are utilized by traders only time will tell. However, both platforms will be around for some time to come. Which ever platform you choose you will get a solid trading platform to trade from. But these platforms and indicators are only as good as the trader using them; which is only as good as the trading system that the trader is using.
Using Mt4 indicators or ninjatrader indicators can and will help you become a better trader and the more time you spend looking at the charts and indicators the better your trading will get. Try both platforms and see which you like the best.
Then download hundreds of free indicators for them and try them one by one and see which you like the look of and which just don't appeal. Remember you only need one or two indicators per trading system.
Article Source: FxTradingStock.com
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Download an MT4 Indicator and Ninjatrader Indicator now for free!
by: Brian James
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Word Count: 346
Date: Thu, 21 Apr 2011
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