How to properly use the NinjaTrader 8 to NinjaTrader 8 replicator

Before installing the NinjaTrader 8 to NinjaTrader 8 replicator, it is essential to read this article to ensure a smooth experience.

🔄 Two operating modes: Full Version and Market Edition

The replicator includes two modes:

  • Full Version (enabled by default)
  • Market Edition (requires manual setup, explained in the configuration video)

🚀 FULL or NORMAL Version

This mode replicates all trades from the master account using the original execution type. That is, if you place a market order, it replicates as a market order. If you place a limit order, it replicates as a limit order. This is the behavior any trader would expect from the replicator and that’s why it’s known as the FULL or NORMAL version.

🔍 What does this mean?

Since this version also replicates limit orders, you must understand that limit orders depend on market counterparty availability. If there isn’t enough liquidity at the moment the price hits the order, the orders may not be filled for some accounts, which is a market limitation, not a replicator issue.

For most strategies, this is NOT a common issue, so we recommend always starting with the FULL version. However, if your trading style is particularly sensitive to these scenarios where counterparties matter, then consider switching to the Market Edition.

It is recommended to start with the FULL version, as it is VERY UNLIKELY that your strategy will face recurring counterparty problems in the market.

👁️ FREE Account Supervisor

To help monitor the FULL version, we’ve included a free account supervisor. This central panel allows you to monitor all your accounts in real time, close trades, and enable or disable replication as needed. It even generates alerts if any issue arises. This way, if an account fails to enter or exit a trade, you’ll detect it immediately and act quickly.

⚙️ Solution to counterparty issues: Market Edition

If after trying the FULL version you notice that your strategy has recurring counterparty issues, which is rare, then consider switching to the Market Edition.

This version automatically converts limit orders into market orders for the slave accounts, avoiding counterparty problems and ensuring 100% execution. You can still trade with market or limit orders on the master account, and the conversion will only happen on the slave accounts.

❗ Important: Use the Market Edition only when absolutely necessary, as market orders may lead to higher execution slippage.

If your strategy works well with the normal version, there is no need to switch.

🤖 Which one should you choose?

  • Full Version: If you want more precision and prefer to control every trade, this mode is for you. Just remember to supervise the accounts to ensure proper execution of the orders.
  • Market Edition: If after testing the FULL version you notice issues with the counterparties of limit orders, then this version is recommended.

admin