Pros and Cons of MetaTrader, NinjaTrader and Trade Station
NinjaTrader, MetaTrader and TradeStation are by far the most popular platforms among the retail trading crowd. Each one tends to focus on a special market niche. MetaTrader primarily caters to forex market. NinjaTrader’s fan base mainly comes from futures. TradeStation earns most of its business from equities traders.
Despite their popularity among certain markets, each platform is fully capable of handling the different types of markets. It all comes down to which platform suits your needs. They all offer automated trading as well as backtesting capabilities. If popularity plays a role in your decision making, then you may want to review Google Trends.
Advantages of MetaTrader
Disadvantages of MetaTrader
Advantages of NinjaTrader
Disadvantages of NinjaTrader
Advantages of Trade Station
Disadvantages of Trade Station
If you would like to develop an indicator or strategy for any of these platforms, we offer conversion services between charting packages.