MetaStock vs NinjaTrader

When it comes to online trading, having the right platform can make all the difference. Traders often find themselves debating between various software options, and two of the most popular choices are MetaStock and NinjaTrader. Both platforms offer a range of tools and features to assist traders in making informed decisions, but they differ in several aspects, making it crucial for traders to understand their individual strengths and weaknesses. In this article, we will conduct an in-depth comparison of MetaStock and NinjaTrader, analyzing their key features, usability, and overall performance to help traders make an informed choice.

MetaStock vs NinjaTrader
MetaStock vs NinjaTrader


Before we dive into the detailed comparison, let’s briefly introduce MetaStock and NinjaTrader:


MetaStock, developed by Innovative Market Analysis, is a highly regarded technical analysis software used by traders and investors worldwide. It has been in the market for over three decades, consistently improving and adapting to meet the needs of active traders. MetaStock offers a wide range of technical indicators, expert advisors, and powerful charting tools to facilitate sophisticated analysis.



NinjaTrader, on the other hand, is a newer player in the trading platform arena. Developed by NinjaTrader Group, LLC, it has gained popularity rapidly due to its advanced features and user-friendly interface. NinjaTrader is renowned for its powerful automated trading capabilities and extensive market data options, making it a favorite among algorithmic traders.


Key Features

Let’s begin the comparison by evaluating the key features offered by each platform:

MetaStock Features

  • Advanced Charting: MetaStock provides an extensive array of charting tools and over 300 technical indicators to assist traders in identifying trends and patterns accurately.
  • Expert Advisors: MetaStock offers a selection of expert advisors, including the renowned RMO (Rahul Mohindar Oscillator), to help traders with automated analysis and decision-making.
  • System Testing: Traders can test and optimize their trading strategies using historical data with the built-in system testing functionality.
  • News and Fundamental Data: MetaStock integrates fundamental data and news feeds, enabling traders to make well-informed decisions based on the latest market information.
  • Add-Ons and Plug-Ins: MetaStock allows third-party developers to create add-ons and plug-ins, enhancing the platform’s functionality and expanding its capabilities.

NinjaTrader Features

  • Advanced Charting and Drawing Tools: NinjaTrader provides powerful charting tools with a wide range of drawing tools and technical indicators.
  • Strategy Builder: One of NinjaTrader’s strongest suits is its Strategy Builder, which allows traders to build, test, and deploy custom automated trading strategies without requiring extensive programming knowledge.
  • Market Replay: NinjaTrader’s Market Replay feature enables traders to practice and analyze their strategies using past market data, facilitating better decision-making in real-time trading.
  • Advanced Trade Management: With NinjaTrader, traders can execute complex orders, manage positions effectively, and utilize trailing stops and profit targets with ease.
  • Third-Party Integrations: Like MetaStock, NinjaTrader supports third-party integrations, providing access to a vast library of add-ons and trading tools.

Usability and User Interface

User-friendliness is an essential aspect of any trading platform, especially for novice traders. Let’s examine how MetaStock and NinjaTrader fare in terms of usability and user interface:

MetaStock Usability

MetaStock has evolved over the years to become more user-friendly. However, for beginners, the learning curve might be steep due to the vast array of tools and features available. Once traders become familiar with the platform, navigating through different sections becomes more manageable.

NinjaTrader Usability

NinjaTrader stands out for its intuitive and visually appealing user interface. The platform’s design allows users to grasp the functionalities quickly, making it an excellent choice for both novice and experienced traders. The Strategy Builder feature, in particular, simplifies the process of creating automated trading strategies.

Market Data and Brokerage Support

Access to real-time and historical market data is critical for making informed trading decisions. Additionally, seamless integration with various brokerage services enhances the trading experience. Let’s assess the market data and brokerage support offered by both platforms:

MetaStock Market Data and Brokerage Support

MetaStock provides access to real-time data, end-of-day data, and historical data for various markets. However, the availability of data feeds depends on the subscription package. MetaStock also supports integration with several popular brokerages, allowing for direct order execution from the platform.

NinjaTrader Market Data and Brokerage Support

NinjaTrader offers a variety of data options, including free end-of-day data and the option to purchase real-time data. The platform also supports many brokerage connections, giving traders the flexibility to choose their preferred broker for order execution.

Customer Support and Community

Customer support and community engagement are crucial for any software platform. Let’s evaluate the customer support and community presence of MetaStock and NinjaTrader:

MetaStock Customer Support

MetaStock offers various support channels, including email, phone support, and an extensive knowledge base. The MetaStock community is active, with forums and user groups where traders can share ideas and strategies.

NinjaTrader Customer Support

NinjaTrader provides email and phone support during business hours. The platform’s website also hosts a comprehensive knowledge base and community forums where users can interact and seek assistance.

System Requirements and Technical Considerations

Traders must ensure their systems meet the necessary technical requirements to run their chosen platform effectively. Let’s look at the system requirements and technical considerations for MetaStock and NinjaTrader:

MetaStock System Requirements

MetaStock is a Windows-based application and requires a compatible Windows operating system. It might not be suitable for macOS users unless they use virtualization software.

NinjaTrader System Requirements

Like MetaStock, NinjaTrader is primarily designed for Windows users. However, macOS users can run NinjaTrader using virtualization software.


In conclusion, both MetaStock and NinjaTrader are powerful trading platforms, each catering to different types of traders. MetaStock is ideal for those who prefer advanced technical analysis, while NinjaTrader excels in automated trading and strategy development. The choice between the two platforms ultimately depends on the trader’s specific needs, trading style, and budget. Traders should consider their level of expertise, preferred trading instruments, and the extent of automated trading they wish to incorporate into their strategies. Ultimately, whichever platform a trader chooses, it is essential to invest time in learning the intricacies of the software to maximize its potential and achieve trading success.

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