Video Transcript:
Hey guys, it’s Dale here. In this video, I’ll show you how to get futures data into NinjaTrader 8 for just $4 per month. If you want to trade futures—like, for example, the ES, the ENQ, or oil, gold, or currency futures—you’ll need futures data. The problem is, futures data is usually pretty expensive. So in this guide, I’ll show you how to get it cheap.
The first thing you need to do is go to the NinjaTrader 8 website—it’s ninjatrader.com—and open an account with them. Click the button, fill in your email, and they’ll guide you through some forms. It’s a bit of a pain, but once you get through it, you’ll have an account with NinjaTrader and can proceed further. So that’s step one: opening an account with NinjaTrader.
Step two is funding your account. There’s no minimum balance, so you can deposit whatever amount you like—$100, $50, it doesn’t really matter. You just need to have at least some balance in your account to be able to open one trade every month. We’ll get back to that a little later. I deposited $450, but even $100 should do the trick.
Step three is purchasing the data. Let me show you how to do that. Assuming you’ve already opened your NinjaTrader 8 account, you need to log in. So, go to login, log in, click on your profile, then click Settings, and then click Plans. There, you’ll be able to purchase market data.
As you can see, I have the CME market data. It’s level 1 data—that’s all you need. For example, if you trade with Order Flow or Volume Profile, this is enough. This is the price I pay for the data each month—four bucks.
Now, there’s one condition you need to meet to get the data for four bucks: you must place at least one trade every calendar month. So, every calendar month, go to the Trade section, click Start Trading, and place at least one trade. It doesn’t matter how big the trade is. What I recommend is opening a mini ES trade—just buy one contract—and then close it. I did this and it cost me around two bucks to open and close the trade. Minimal size. That’s all it takes. Just remember: you need to do this every month.
Now that you have a funded account, here’s how to get that futures data into your NinjaTrader platform. Open the NinjaTrader 8 desktop platform. This is the Control Center. Click Connections, then Configure. From the list, find NinjaTrader Continuum—that’s the one. Double-click it, and it’ll show up under Configured.
Here’s how to set it up so the data connects properly. You’ll need to fill in your username and password. Let me show you where to find your username because it’s a bit tricky. Go back to the NinjaTrader website, click the button with your profile, go to Settings, then click Profile. Once you’re there, this is your username. Note: it’s not the first username shown; it’s the one further down. You can also request a password reset there if needed.
Now go back to the NinjaTrader 8 desktop platform and fill in that username and your password. One very important thing: make sure this checkbox is ticked—otherwise, the data won’t work.
Once you’ve done that, you’re all set—and you have futures data for four bucks. Just don’t forget to place that one trade every month. If you don’t, you’ll be charged an inactivity fee, which is $25. So make sure you place that one trade monthly, and you’ll be fine I hope this video was helpful. I’ll be looking forward to seeing you next time. Until then—happy trading!
Comments
Post a Comment