In today’s competitive trading environment, it’s more important than ever before to have an edge. That’s why so many traders are using the NinjaTrader platform. It’s a robust system for evaluating the market and for identifying profit loopholes that can quickly and easily be exploited.
That being said, the challenge some traders are facing is with the question of whether or not it makes sense to use customized NinjaTrader indicators. This typically requires that an individual have a very nuanced understanding of the system as well as of the market. It’s also useful if the trader has some degree of experience using some of the standard indicators that come with the NinjaTrader trading platform.
The overwhelming majority of individuals who have engineered their own set of NinjaTrader indicators are doing so because they want to provide themselves with a unique market edge. Therefore, the use of these customized indicators can truly be useful if someone is interested in exploiting market conditions that may not otherwise be picked up by other NinjaTrader indicators.
What you ultimately need to determine is whether or not you are truly serious about making the most amount of money possible in the financial markets. If you are, then creating your own set of customized indicators may very well be a path worth pursuing. The reason why is because it will allow you to exploit market nuances in a manner that is completely unique and different from what a lot of your competitors are doing.
Needless to say, using the NinjaTrader platform isn’t cheap — but you need to focus on the amount of money that you have the potential to make by using a high caliber trading platform with a proven track record of generating profitable results for others.
To the extent you happen to be brand new to the world of trading, it might make sense to first start by investing some time and money in your education. Once you have some experience and a baseline level of knowledge about how the markets operate, you can certainly consider creating your own customized set of indicators which may ultimately prove to be very useful.