Ninjatrader 8 Tutorial 2020 (NinjaTrader Day Trading Setup, Indicators, Chart Trader)

🎓 Trade with me: www.firesidetrading.com/
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Michael helps you start a Ninjatrader demo account, and offers his complete chart setup, with his chart trader automated strategy. This is a must watch video for anyone new to day trading or Ninjatrader 8.
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DISCLAIMER: These videos are for educational and entertainment purposes only. There are inherent risks associated with investing in securities and other financial instruments. Please carefully consider whether trading is suitable for you given your current circumstances, knowledge, and financial situation.
#DayTrading #FiresideTrading #MichaelChin

[@develteam3095]

As a 70 year old, more or less full time TOS Trader of SPX Options and seriously considering /es & /mes trading - I want to commend you for your excellent content - your pace is great as you take things slowly - you are extremely thorough, you have a pleasing personality and a great smile :- Thank you Michael :-)

[@bangwill3042]

some one asthe link for ni ja trader

[@richardlees5303]

Well said being 72 myself I know the feeling, lol

[@LiquidityThieves]

I love options but becoming a futures trader was life changing!!!!!

[@MichaelThomas-gi7xd]

@@LiquidityThieves Do you feel futures are better than options? I’m transitioning from options and moving over to the futures contracts.

[@SaltGrains_Fready]

Same as U except could NEVER use illegible TOS which drove me nuts. Used TradeStation instead which also has multiple workspaces and infinite charts and Multi-function Symbol Lists. This tutorial is as good as and better than their tutorials which are fantastic. There's lots of advanced capability condensed right into this it looks like.

[@anon5041]

This is the most generous KZbin trader to ever live! No premium version!

[@heatherbartlett5283]

I have used this video several times as I'm learning Ninja Trader. So very helpful! Thank you for sharing your knowledge in such a clear and succinct way!

[@jesseeckel9139]

Thanks mate. You can reach me on telegram@michael_chin1 for more information and guidance.

[@timbarger6422]

Hi Michael! I Love your videos, thanks for all your work sharing them. I'd love to see you post a video showing how you place your trades so quickly and with the exact target, stop, and runner you want. It looks to me like all that happens with one click for you! Thanks so much again.

[@arjunmitra1090]

Michael I just want to thank you so much for this free amazing content it helped me beyond belief

[@JJ-to7hj]

I know this is over a year later, but just wanted to say thank you for this video. Fantastic teacher!

[@VickieVentures]

where did he go ?

[@ImDankMan]

@@VickieVentures he’s in a lawsuit with another KZbinr over “stealing” his scalping technique and posting it on KZbin.

[@nicholassesto2865]

@@ImDankMan he did steal it.....

[@chalemi]

@@ImDankMan How can you steal a technique that is well known to all? It would be hard to prove.

[@ImDankMan]

@@chalemi agreed

[@strattg]

I’m am still learning but I find your videos to be the most practical. Thank you and I’m learning a lot.

[@kcschulte653]

MC, thanks for this awesome video. I've been using NT for about 5 months now and have been wondering how some of the people have been using certain tools & indicators on chart trader - You nailed it on your tutorial. Thanks again and keep'em coming! Happy Trading

[@uncannyworks]

These are fantastic tutorials, thanks for taking the time to share!

[@pleefmsd]

Thank you so much Michael for this tutorial!!!

[@MichaelChin]

No problem, glad it helped!

[@CFra-qb9ls]

Can I email you?

[@androwmarke4387]

Where are you from?

[@selfReferencinDox]

@@MichaelChin , I hope that you're around still

[@gilltim5711]

Great video, Michael. Best I've seen on setting up NinjaTrader. Thank you.

[@AlexGarcia-um6kj]

Thank you Mike , you're real honest, a blogger and giving soul. Soon I'll be opening my account and follow you all the way bro.

[@behrpalomo4479]

Thanks for the video. My friend is making $100-$200 a day and I asked her how, she said to watch your videos and that’s how you do it. So I’m excited to get started

[@stareatme9983]

Do you know if this has a simulator before I put real money in?

[@taniagonzales2926]

@@stareatme9983 it does

[@mil1001mil]

This tutorial is extremely helpful! Thanks!

[@jesseeckel9139]

Thanks for watching. You can also reach me on telegram@michael_chin1 for information and guidance

[@charliemich8037]

Michael, extremely helpful. Thanks for taking the time to do this video tutitorial

[@AdrianaWhitney]

Ninja trader! I have so many memories. I remember when I was getting ready to get into Topstep trader and then I got in and they sucked away the fun of trading and I completely quit. I’m starting again after years of not watching a chart. I’m happy I saw you in my suggestions.

[@je-pense]

Hi, may I ask the expenses for one contract on Ninja, I mean the total expenses? Which is to say, buy one contract, how much fees for that. As I know, at TDamerictrade, it's $3.5 for buying and another 3.5 for selling. Thanks.

[@asianassassin5082]

You're a blessing my dude

[@jesseeckel9139]

Thanks mate You can reach me on telegram@michael_chin1 for more information and guidance

[@nickbalistreri9507]

Another thing to note is that the fees and commissions are pretty hefty. 4 contracts is $9.56 in fees for every trade win or lose. Then there are also clearing fees, NFA fees, routing fees. I made 42 trades in a day with a total of 54 contracts and my fees and commissions total was nearly $300

[@louishappy6585]

I start to watch this video here in Spain 14:18 before going back to Texas. Great video Michael

[@tshepomolahloe4772]

Thank you so much my guy. You are God sent!!! Stay blessed.

[@deletednoname4351]

Thanks for your insights.. appreciated

[@MichaelChin]

Glad to help!

[@BenVowlesAEIOU]

This is a great explanation thanks, but how can I set the value at which I want my ATM strategy to open my position? For example above or below the current candle stick.

[@debrasoucy4148]

Great job Michael, what a big help today getting set up.

[@jesseeckel9139]

Thanks mate. You can also reach me on telegram@michael_chin1 for more information and guidance.

[@papakurt862]

I watched several of your videos and really appreciate the help

[@MichaelChin]

Glad you enjoyed them Kurtis!

[@justiceblair6303]

Hey Michael, awesome content and teaching style! I noticed in another video that your runner's stop loss moves to 3/4 of a point once the scalper target fills. Do you mind showing us how to set that up?

[@user-op4cv8tu4g]

Hi

[@user-op4cv8tu4g]

Thanks for being a part of a supportive community! 👆Help!!

[@Clutchdumper]

so i got my demo account setup, followed everything in this video. i understand the scalps and runs. but at what price is it buying into the market? other than hitting "buyMkt" and it closing at our 1 point.

[@NICU2]

same, just finished this set up, now what?

[@amandudeja2756]

Great video to get you going on NT. Great work done

[@ilovemusicsomuch]

This video was so helpful. I've been trying to fnd out how to do this for weeks and you very succinctly explained it. Thanks!!

[@kanishksahni3853]

Thank you so much michael for the tutorial. I hd a question though, where did you learn trading like identifying trends etc. TIA!

[@olawalepaul7098]

Trading as a beginner was very difficult due to lack on trading experience, this resulted in losing my funds though I've been able to recover all that I lost, all thanks to Mr Charles_forex09 at Instagram , i never knew good trader still existed till I come in touch with him...

[@abajon1]

Hey Michael, thanks for this tutorial. Once I re-open, how do I pull it up so I get to see these customized graphs? Once closed, I opened the /ES and it was all gone...thanks!

[@adnanchaudhry6848]

Same here. I try opening the saved chart but doesn’t open.

[@AKVT-uz2gj]

New then chart Select drop down the select ES Then right side drop down select your saved chart name Change your tick value to 2000 then click OK

[@user-jw3fk4ki8l]

THANK YOU!!!!! I been looking all over YT for this info on separating orders and changing lines to one point. This is incredibly useful information but no one covers it.

[@Cozmik_Trading_Academy]

This is what I was looking for thanks 😊 Micheal

[@ethanjenkins7712]

Try practicing on micro e-mini S&P contracts to avoid margin calls. Don’t trade /ES without excess margin have atleast 1000-2000 in your account before trading mini S&P

[@artofmanneherrin5273]

Thank you for that insight. I changed it to micros

[@ethanjenkins7712]

Art of Manneherrin No prob, don’t double down or chase those trades. commissions will eat it up

[@PlayLifeSmartTravisChristian]

Better yet practice and then get funded with Uprofit or another futures prop firm. :D

[@smisme4733]

Hi, could you do a video about the fees on Ninja trader please? Thank you! Very helpfull video btw :)

[@VinnyEmini]

I've got some

[@jerrynix5206]

This is awesome thank you so much for the video man! I'm going to get this going pronto.

[@MichaelChin]

Awesome Jerry! If you ever need help, feel free to reach out

[@jerrynix5206]

@@MichaelChin thanks man I appreciate it!

[@blairakana9984]

Thank you for explaining and showing how to set up our ninja trader platform. Because I had no idea how to do it.

[@jesseeckel9139]

Thanks mate. You can reach me on telegram@michael_chin1 for more information and guidance

[@tommynguyen7502]

Hey, thanks for the video. I was just wondering how do you make you price axis to show only 1 point like yours? mine show 10 to 20 points

[@kemms]

same with mine... how do i change this?

[@phongha371]

I have the same issue too

[@PianoEvan]

Hey Michael! Thanks so much for these videos. Could you help me understand funding your account and what type of fees are involved outside of the contract commissions (if any)? I'm a bit confused on what package I'm supposed to pick to fit with trading the Futures as you do and I see a free option and a $1k option on NinjaTrader. Thank you!

[@furknee217]

good question. Seems the strategies he's programming are a feature only available when you lease or buy the platform. hopefully he can chime in and clarify.

[@thare2597]

@@furknee217 Not chiming in. Maybe he's dead?

[@randyrodriguez2481]

Awesome lesson, I learned so much with your automated tips, definitely a winner over using TOS, which I am TOSsing! Will subscribe and check in on your other videos. Thank you again for clarity and patience as a teacher, really appreciate that.👏

[@robertfoushee6465]

Very cool stuff. Thanks for making this! I learned a ton!

[@DebraGHight]

Can you create a complete tutorial on the various stop loss strategies please ? How to create a stop loss that reach Breakeven + 1 ticks if the price reach 5 ticks in step 1 and then, in step 2, let the stop loss trail the price, moving by 2 ticks each time the price moves by step of 5 ticks ? Can you also go deeper in all the option, one by one, and show us what they involve please ? This would be amaizing, especially because there are no recent videos covering these features on NT8.

[@seanmoran5392]

Yes I would like to know this as well

[@seanmoran5392]

I actually just went down in the comment section and he says he manually does all this with his mouse.

[@iballtarang]

Hi, Nice tutorial. Many times I see you click on the chart and place the trade, are you using some kind of click trading plugin ?

[@robmoore2625]

@@JohnTheRevelat0r lol

[@malcomshadrack7080]

Thank you michael ,your explanation is really good .this has helped me alot .

[@savutu]

Thanks much... First time learning how to use NT and this tutorial kicked a good start in my learning.

[@mullerfriedrich9358]

I really appreciate the update we are getting from you on crypto. For me this is the best time to invest as the market is low

[@berengarflorian9722]

@Azeez Ife

[@christinelee4931]

For example, when I first started investing in Ellen Thelma I didn't have much, all I could afford was $10,000 because I planned to put money aside for my newborn baby's education. But later the power of compound interest came into play in my portfolio. My daughter gets the best education.

[@jenniferdewitt6670]

Wow, it's great to see others speaking well of Ellen Thelma. I think she deserves my award as not only does she make trading easier for me but her analysis of the crypto market is top notch.

[@kidneybeans123]

100’s of $ a day but you keep a full time job. I’d like to see your order/transaction history to confirm you’re using a live trading account

[@MJJILove]

Thank you so much Michael. Your videos are really helpful. Just wonder why you have stopped produce similar videos currently.

[@jesseeckel9139]

You are welcome. Currently on telegram@michael_chin1 for more information and guidance.

[@RobOnBusiness]

Excellent setup tutorial - thank you!

[@blakegarrett4100]

When I was setting up my charts I noticed in some of your other videos you have the buy stop automatically go up so that you don't end up losing profits once you hit your 1 point scalp and was wondering how you are able to do that?

[@MichaelChin]

I'm manually moving my stop up when I see that my profit target is about to hit with my mouse

[@ademolaa3761]

how can I add the indicator?

[@HighRollaaaaaaaaaaaa]

@@MichaelChin Hi Michael, can you please explain this in more detail? Why do you need to move your stop up once you see that your profit target is about to hit the 1pt scalp?

[@darrenmc5424]

@@HighRollaaaaaaaaaaaa He's manually moving the Stop for the runner up to BreakEven after the scalp is successful. he doesnt want to give back any of the scalp win

[@docwalker75]

If you have a live account, real muulaah, how much do you need in the account to trade the 4 contracts?

[@S2GUnit]

I think it depends on the broker. With Ninjatrader brokers I think it's 1320 USD per 50$ micro S&P contract. I'm also trying to figure out if you a really stupid mistake on your first trade & go down a few hundred at what point is the account blown.

[@djdu5250]

Thank you Michael, love your channel, your video's gave me the idea to set this up with IB and it took some trial and error lol and now you came out with a video That's awesome!! Did you setup 2 different orders? 1 for market buy (or limit order) with profit taker and stop loss and 1 for stop buy above market price for an entry? Or stop buy for both entries? My next goal will be to try to add a runner on IB and 2 seperate orders like you did.

[@aboukalhicham]

thank you michael this video is very helpful great work and simple

[@bboy1015]

for the real accounts, which broker can you recommend and how much deposit money is ideal for scalping? THanks!

[@antoniogriffin7135]

Did you decide on which broker to use?

[@jesseeckel9139]

Thanks for watching. You can reach me on telegram@michael_chin1 for more information and guidance

[@toddaudette473]

When you sign up for a live account with NT it asks if you want to use Phillip Capitol or Dorman trading.....Which do you suggest

[@RileyColeman]

Dorman.

[@floris4988]

@@RileyColeman Why, what's the difference?

[@carolynhenrie5134]

Floris I asked the same question about a month ago. I didn’t get a response, but in my research Dorman has been around a lot longer and seemed to have a lot of positive said, so that may be the reason. I went with Dorman. Hope that helps to some degree:)

[@erickd7951]

Awesome videos man! I've watched all of them already lol very straightforward, although i am still having a tough time understanding the 2 legged pullback strategy and how to spot them, can't wait for the course though! Thanks again

[@MichaelChin]

Thanks Erick! I'll have a youtube video out on understanding two legged pullback. Keep an eye out for that.

[@erickd7951]

@@MichaelChin i dont know why my chart is not coming out exactly like yours... i followed each step but my horizontal grid lines are not as wide as your chart even though i set it as 1 point increments

[@qaissaif7905]

@@erickd7951 same problem, also I'm having problems with the buy orders

[@brambeer5591]

I really like that you are holding back about advises, you just explain the theory. Keep up the good work!

[@mohsinhassan5732]

It seems like chart trader isn't an option in the demo account. is that true or am i doing something wrong?

[@fransnoralexis5513]

This is the best you tube ninja trader video I have watched so far and trust me I watched a lot of them.... Thank you, Chin!

[@adyparker7546]

You need to pay extra to have the chart trading option.

[@andyeash1730]

Is anyone else having an issue with getting a demo account? I get the first email thanking me for signing up and saying an email is soon to follow with login info. However, this second email never follows.

[@Wellan38]

Same here.

[@myinttrading101]

same!

[@andyeash1730]

So I contacted a representative from Ninjatrader and he said they temporarily ran out of demo accounts from their provider. But they have a one day delayed demo account which really doesn't matter with Michael's strategy of short time, price action trading. It'll work for trying out the platform. The other option is to put $400 into an account with them and they will give unlimited real time data for paper trading. So contact them to get one of those two offers. Hope this helps.

[@humayunhabibulrichikram3880]

Awesome vid, much appreciated!

[@shimareel5268]

Wow, excellent video! Great info and easy to digest! Ty

[@jesseeckel9139]

Thanks for watching. You can reach me on telegram@michael_chin1 for more information and guidance.

[@stanleysmith5923]

After so much failed attempts in the financial market I was opportune to meet Mr Jason Rodriguez. He helps newcomers make profit, you can work with him

[@stanleysmith5923]

::::"'.reach out to him on what's app;:.

[@stanleysmith5923]

#([phone])##

[@robertgeorge238]

Crypto currency is the future, investing in it will be the wisest thing to do especially with the current rise.

[@stevesheldrack3739]

Stocks are good but crypto is better

[@stevesheldrack3739]

Stock's are crashing, Bitcoin Investment right now will be at every wise individual list in a month you we be ecstatic with the decision you make today

[@supportbillionairetrademar3907]

2021 online stock is just difficult and unbelievable, I'll rather invest my money on crypto

[@supportbillionairetrademar3907]

People are ignorant of the profitability in bitcoin Investment and that had been their major issues limiting their Investment

[@scottosborn8345]

Nice words 👌

[@thethinker8473]

great video, thanx so much, did the set up while watching and startet trading while watching and made 3900 profit on demo :-) never used this tool before, you are a good teacher

[@jesseeckel9139]

Thanks mate. You can reach me on telegram@ michael_chin1 for more information and guidance.

[@jrodrc4137]

Thanks man, you make good videos. i really appreciate the help

[@user-op4cv8tu4g]

Hi .

[@user-op4cv8tu4g]

Thanks for being a part of a supportive community! 👆Help!!

[@peterpatrick2580]

i never took stock trading serious, until i made my first huge profit investing with Mr Jerry Ferdinand

[@jasoncole9369]

2 weeks of trading with him, am fully confident to go all in on my next investment, what a genius

[@peterpatrick2580]

@Scott Lee you can write him at [[e-mail]]

[@lawrencerodrigo8335]

now i have more insight in the market, thanks to Mr Jerry, all my bills are settled

[@morganrich5959]

Glad to know you guys invest with Mr Jerry, with him you are bound to make profits

[@kwadjutsufpv273]

Thanks for this Michael, valuable stuff.

[@jesseeckel9139]

Thanks mate... Alright….. Reach me on telegram@michael_chin1 for more information and guidance

[@bregrier4760]

I’m thankful for this video!! Thanks!

[@TheMrHaut]

Very helpful. Thanks Michael

[@jesseeckel9139]

You are welcome You can also reach me on telegram@michael_chin1 for more information and guidance.

[@PANDAx7777x]

super new to trading futures and working on my 50kfunded...this video has definitely helped guide me with most essential indicators/ setup. Much appreciated and I look forward to learning more!!

[@potzblitz49583]

Awesome! Thanks for that. Liked and subscribed

[@AAFX-OM]

This was great for a quick tutorial. Thanks

[@Maxisnew]

Great video, thoroughly thought out and beautifully presented. Very helpful.

[@TheSimmons3]

Thanks for the Knowledge Big Boss! You are a great teacher!

[@jesseeckel9139]

You are welcome mate You can also reach me on telegram@michael_chin1 for more information and guidance

[@KZ-qm3xp]

Thank you very much to make this video. I'm new to NinjiaTrader. It's very helpful. ❤

[@LAwigTalk]

Hey Michael! Excellent videos. I love how you explain things. I'm switching from NT7 to 8 and looking for education. Yours is the best! Do you have a video on installing NT8 Strategies? Anything on using Markers Plus?

[@bridoz_]

I have that

[@delont1986]

Thanks, Michael! You're a gem!

[@wreckless_-jl6uu]

nice.. had the information i was looking for about the orders

[@richardlees5303]

well paced information without flippancy. This IS the way to educate a person.

[@user-op4cv8tu4g]

Hi

[@user-op4cv8tu4g]

Thanks for being a part of a supportive community! 👆Help!!!

[@stevenevis]

I have to say without any reservation, excellent tips

[@jesseeckel9139]

Thanks mate!! You can reach me on telegram@michael_chin1 for more information and guidance

[@PriceIsKing]

Great explanation on the ATMs. Would've been nice to see the stop moved up to lock in your profit once you hit your 1st target.

[@daxschreck9882]

Yeah I was just posting something about that before I read your comment. Have you found anything regarding that?

[@RicherThanIeverbeen]

Excellent walk thru of the platform

[@jesseeckel9139]

Alright thanks mate!! Reach me on telegram@michael_chin1 for more information and guidance

[@Alphamac24]

Whoa! First I appreciate the platform breakdown as long time forex trader converting over to Futures. I was shocked when I saw your scalp strategy and had to replay the video back😮. I honestly never knew some traders consistently scalped with -RR but if it works it works. Loving the platform so far

[@DM-qq7cr]

Thanks for the video! what you think is the best target right now for scalper in this market ? and how much for stop too , cuz i think right now the 2stop is to low cuz of the volatilty

[@donnieshao2092]

thanks for your sharing

[@joshreynolds3292]

Great videos, and I really like this NT setup. Thanks! If at all possible, could you do a setup like this for Tradingview?

[@maxkelter3561]

Fantastic knowledge of the software thank you practice practice practice

[@jesseeckel9139]

Thanks for watching. You can reach me on telegram@michael_chin1 for more information and guidance.

[@rubenedo2385]

Wow thank you so much! :)

[@CustomRideOns]

Excellent guide! Thank you very much!

[@jesseeckel9139]

Thanks for watching. You can reach me on telegram@michael_chin1 for more information and guidance.

[@claudeesteves1234]

hi Michael, thanks for the tutorial. the best on how to configure ninjatrader so far. do you have a tuturial on how to use trailing stop?

[@janmeijer9774]

Thanks Michael, great video. You are using Ninja trader 8 for charting, but do you als use them as your futures broker, or do you use an other broker linked to NT?

[@robertwong4130]

Hi Michael, I love your everyone of your videos, it’s helps and I can not get enough. Which videos do you cover the 2 legged , I’m confused with the legged . Thsbks Michael!!!

[@jesseeckel9139]

Thanks for watching. You can reach me on telegram@michael_chin1 for more information and guidance.

[@jimrays2896]

Great information so helpful Thank You!

[@bookbearerplus]

Overwhelming value, thanks!

[@user-op4cv8tu4g]

Hii

[@user-op4cv8tu4g]

Thanks for being a part of a supportive community! 👆Help!!

[@rene69851]

Thank You , Sir.

[@koennederhoff1967]

Thanks for this tutorial! Could yoh explain briefly the correlation betweens pips and dollars? How much buying power would i need to scalp 1 contract for example? And 4? Lookin forward to your reply

[@SamA-jb5st]

Fantastic explanations. Thank you

[@icanduo]

Very very helpful. Thank you!

[@JM-971]

Great intro session 👍

[@jonathanzimmerman9201]

Outstanding!