{"id":415,"date":"2012-07-26T15:23:38","date_gmt":"2012-07-26T20:23:38","guid":{"rendered":"http:\/\/priceactiontradingsystem.com\/?p=415"},"modified":"2026-08-15T22:10:24","modified_gmt":"2026-08-16T03:10:24","slug":"what-charting-software-do-you-recommend-for-day-trading-price-action","status":"publish","type":"post","link":"https:\/\/priceactiontradingsystem.com\/what-charting-software-do-you-recommend-for-day-trading-price-action\/","title":{"rendered":"What Charting Software Do You Recommend For Day Trading Price Action"},"content":{"rendered":"

Another question we hear often is what charting software do you recommend for day trading price action<\/strong>.\u00a0 When trading price action, we don’t use indicators, so the only real requirement is that your software charts properly and is reliable when it comes to printing the price action.\u00a0 We prefer trading tick charts for the reasons we talk about in this article<\/a>, and we also like to trade with candlesticks for the reasons we discuss here<\/a>.\u00a0 One other thing that we prefer is to be able to trade directly from our trading charts, as this makes it very easy to concentrate on the price action alone as we enter, exit and manage our trades.\u00a0 Based on the criteria we just discussed, we choose to trade with NinjaTrader<\/a> software.<\/p>\n

\"Best<\/a>
Best Day Trading Software
(foxbusiness.com)<\/figcaption><\/figure>\n

We are not affiliated with NinjaTrader in any way and we don’t receive any incentives for recommending them either.\u00a0 We simply recommend them because we use them and we like their software.\u00a0 Another reason for using NinjaTrader is that it is becoming widely used by many traders and brokers alike, so if you are using NT and you decide to change brokers, you won’t have to learn a new software all over again.\u00a0 You can simply change brokers and continue to use the same trading platform without the need to learn and adjust to something new again.\u00a0 This is a big plus in our opinion.\u00a0 The fact that NT is used by so many traders also means you can get a lot of help with it and there are lot’s of free add on scripts and indicators floating around if you should choose to use them.<\/p>\n

Here are some additional discussions we found on NinjaTrader software options at www.investopedia.com.<\/p>\n

The NinjaTrader platform offers a number of advanced features that can benefit traders<\/a> of all levels and styles.<\/p>\n

Advanced Trade Management – ATM Technology
\n<\/strong>NinjaTrader provides the option to trade with or without an Advanced Trade Management (ATM) Strategy, shown in Figure 17. ATM Strategies are designed to provide discretionary traders access to semi-automated features to manage positions. Note: NinjaScript Strategies are required for fully automated trading systems. <\/em><\/strong><\/p>\n

\n

An ATM Strategy is a collection of orders that represent a trader’s entries, exits, stops and targets. ATM Strategies offer traders several advantages, including:\u00b7 Fewer order entry mistakes (pilot error)\u00b7 Better speed (the computer sends the order instead of the trader)<\/p>\n

\u00b7 Increased discipline (easier to stick to a plan)<\/p>\n

\u00b7 Higher consistency<\/p>\n

\u00b7 Reduced emotions<\/p>\n

<\/div>\n<\/div>\n

Advanced Charting with Multi-Series Charting
\n<\/strong>NinjaTrader offers the ability to view multiple charting intervals and multiple instruments within a single charting window, as shown in Figure 18. To add more than one charting interval or instrument to one chart, click “File” > “New” > “Chart” and add the desired symbols to the lower left data series window. Highlight any instrument to adjust variables, including Period (chart interval). Click “OK” and all of the symbols will appear on one chart. Different trading indicators can be applies to each symbol. (For more, see Using Trading Indicators Effectively<\/a><\/em>.)\u00a0 You can read the entire original article here<\/a>.<\/p>\n

A great advantage to using the automated strategies is the fact that your target and stop orders can be placed instantly by the software as soon as your entry order is executed.\u00a0 While this simplifies your order entry process and automates the entries for you, it also provides another great benefit.\u00a0 With the electronic markets of today, your orders are processed on a first in, first out order.\u00a0 This means that there is an orderly and fair fashion in which all orders are processed.\u00a0 It’s like getting in line, and the closer you are to the front of the line, the quicker your orders are processed.<\/p>\n

This first in first out process may seem trivial to some day traders, but if you are using limit orders for your profit orders, then it can play an important part in your trading success.\u00a0 You see, you will normally need for prices to tick through and beyond a limit order for it to be executed.\u00a0 However, if you create your orders quickly and get them in before the crowd, you can often get your order filled on a limit order prior to prices having to tick through the order, and this can often mean the difference between quick success and failure, particularly if you are a day trader trying to scalp or take quick profits.<\/p>\n

\n

When you look at all of the positives we just mentioned, NinjaTrader comes out on top in our opinion.\u00a0 Yes, there are other trading software options that will do the same thing, but are they as widely used by both traders and brokers?\u00a0 If not, and you ever need help or decide to switch brokers, then you will be severely limited.\u00a0 If you are looking for special indicators, there will be many less options as well, so keep these facts in mind when you choose your own trading software.<\/p>\n

<\/div>\n
Now you know why we choose NinjaTrader and you know the answer to the question we are asked often, which is what charting software do you recommend for day trading price action<\/strong>.\u00a0 Remember too, we don’t get any incentives are kick backs for recommending NinjaTrader.\u00a0 Our suggestions are nothing more than our honest opinion based on our extensive experience in day trading the markets.\u00a0 We have been using NinjaTraders for several years now, and we have had a great experience with this stable trading software that is becoming the industry standard for day traders of all markets.<\/div>\n<\/div>\n

 <\/p>\n

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Another question we hear often is what charting software do you recommend for day trading price action.\u00a0 When trading price action, we don’t use indicators, so the only real requirement is that your software charts properly and is reliable when it comes to printing the price action.\u00a0 We prefer trading tick charts for the reasons […]<\/p>\n","protected":false},"author":1,"featured_media":416,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1,98],"tags":[],"class_list":["post-415","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-articles-related-to-price-action-trading","category-tools-software","pmpro-has-access"],"rttpg_featured_image_url":{"full":["https:\/\/priceactiontradingsystem.com\/wp-content\/uploads\/2012\/07\/Best-Day-Trading-Software.jpg",660,371,false],"landscape":["https:\/\/priceactiontradingsystem.com\/wp-content\/uploads\/2012\/07\/Best-Day-Trading-Software.jpg",660,371,false],"portraits":["https:\/\/priceactiontradingsystem.com\/wp-content\/uploads\/2012\/07\/Best-Day-Trading-Software.jpg",660,371,false],"thumbnail":["https:\/\/priceactiontradingsystem.com\/wp-content\/uploads\/2012\/07\/Best-Day-Trading-Software-150x150.jpg",150,150,true],"medium":["https:\/\/priceactiontradingsystem.com\/wp-content\/uploads\/2012\/07\/Best-Day-Trading-Software-300x168.jpg",300,168,true],"large":["https:\/\/priceactiontradingsystem.com\/wp-content\/uploads\/2012\/07\/Best-Day-Trading-Software.jpg",660,371,false],"1536x1536":["https:\/\/priceactiontradingsystem.com\/wp-content\/uploads\/2012\/07\/Best-Day-Trading-Software.jpg",660,371,false],"2048x2048":["https:\/\/priceactiontradingsystem.com\/wp-content\/uploads\/2012\/07\/Best-Day-Trading-Software.jpg",660,371,false],"rt_custom":["https:\/\/priceactiontradingsystem.com\/wp-content\/uploads\/2012\/07\/Best-Day-Trading-Software.jpg",660,371,false]},"rttpg_author":{"display_name":"Mack","author_link":"https:\/\/priceactiontradingsystem.com\/author\/mack\/"},"rttpg_comment":0,"rttpg_category":"Non Member Articles (Free)<\/a> Tools - Software<\/a>","rttpg_excerpt":"Another question we hear often is what charting software do you recommend for day trading price action.\u00a0 When trading price action, we don’t use indicators, so the only real requirement is that your software charts properly and is reliable when it comes to printing the price action.\u00a0 We prefer trading tick charts for the reasons…","_links":{"self":[{"href":"https:\/\/priceactiontradingsystem.com\/wp-json\/wp\/v2\/posts\/415","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/priceactiontradingsystem.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/priceactiontradingsystem.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/priceactiontradingsystem.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/priceactiontradingsystem.com\/wp-json\/wp\/v2\/comments?post=415"}],"version-history":[{"count":1,"href":"https:\/\/priceactiontradingsystem.com\/wp-json\/wp\/v2\/posts\/415\/revisions"}],"predecessor-version":[{"id":101792,"href":"https:\/\/priceactiontradingsystem.com\/wp-json\/wp\/v2\/posts\/415\/revisions\/101792"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/priceactiontradingsystem.com\/wp-json\/wp\/v2\/media\/416"}],"wp:attachment":[{"href":"https:\/\/priceactiontradingsystem.com\/wp-json\/wp\/v2\/media?parent=415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/priceactiontradingsystem.com\/wp-json\/wp\/v2\/categories?post=415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/priceactiontradingsystem.com\/wp-json\/wp\/v2\/tags?post=415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}