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How to Use Market Replay with NinjaTrader 7

Why should you use NinjaTrader’s Market Replay?

  • To practice placing trade in simulated, real-time conditions
  • To back-testing a strategy to see its effectiveness when trading live
  • To bypass the need for a live data feed (although live trading with a free demo account is always recommended)
  • Few other day trading platforms offer such a feature
  • When your schedule doesn’t allow for real-time paper trading, this is the next best thing.
  • Don’t wait until tomorrow to practice under live trading conditions!

With NinjaTrader 7, it’s possible to replay market activity for nearly any given day. After downloading a given day’s replay data, NinjaTrader uses the data (either minute or tick) to plot price at the exact values at the exact time as recorded. More specifically, you can see price plot on your charts and DOMs as though the day (or night) is unfolding in real-time. Orders can be place and success can be tracked using the Replay101 account (similar to Sim101 account). Replay101 is NinjaTrader’s designated Market Replay account. Unlike previous versions of NinjaTrader that require the user to record the data locally for replay, NinjaTrader 7 lets users download history for free on a per request basis.

Here’s how to use Market Replay:

1. If you are currently connected to a data feed, disconnect from it.

2. Download the latest Replay Data through NinjaTrader’s Control Center:

File > Utilities > Download Replay Data
Choose the market you want data for
Choose the date you want data for
Check both L1 and L2 boxes
Click OK

3. In the bottom right corner of the Control Center, you will see that the Replay Data is downloading. This will take a few minutes. Before continuing to the next step, please wait until the downloading status disappears.

4. Go to File > Connect > Click Market Replay Connection. Open a chart and a DOM if you don’t have them available. Make sure that the replay connection is selected in the chart and DOM. You should also see the Replay player. With this tool, you can pause market activity, fast forward and play. Drag the slider to advance to a specified time frame.

5. Trade like you’re using a real account.

Keep in mind, the data on the DOM won’t contain every increment / decrement in the Buy and Sell columns as experienced during the day’s live trading. The packaged history is optimized in terms of file size and useability.

4 Comments

  1. Andrew
    Jul 11, 2012 @ 00:31:07

    Hi Paul, this is a great tutorial to me. I just start on paper trade on ES and order the market replay data for test from backtestdata.com, I wanna know if you offer the market data if I subscribed to your trading room or not. Since I kind of feel backtest is not that dependable than market replay test and I am interested on your ES performance…

  2. JOHN PAUL
    Jul 11, 2012 @ 09:10:33

    Great, glad you enjoyed, there is a lot of new material on the blog being added so its good to check back. Also i don’t offer any type of market data. Usually Ninja trader includes at least 1 year on most instruments, but I would check with ninja trader.

  3. Serger
    Dec 15, 2012 @ 15:16:29

    Great stuff man!!! We need more good info like this for traders without a big price tag attached.

  4. Jimmy
    Jan 18, 2013 @ 15:26:33

    Agree, market replay is much more accurate, it is non-filter tick by tick recorded.

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CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
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