In the NinjaTrader desktop software, you can customize commission settings to reflect your broker's fee structure, allowing for more realistic profit and loss calculations. This feature helps you better manage your trading costs based on net performance. Below are steps for adding or editing commission templates in NinjaTrader:
Select Your Pricing Plan
Select the pricing plan that best suits your needs. Each plan reflects the commission structure based on your chosen option.
Steps For Managing Commissions Templates
Navigate to the "Tools" tab and select "Commissions" from the drop-down menu.
Click "Add" as indicated by Arrow 1, to create a new commission template. Typically, the Commissions window includes several default Commission Templates, based on the currently available NinjaTrader software license types.
Managing Commissions Per Instrument Type
Instrument types include markets such as Futures, Stocks, Forex, Options, etc.
Select your desired template indicated by Arrow 1, choose any instrument type, and click "Edit," as shown by Arrow 2.
Enter the commissions provided by your broker or as listed on NinjaTrader into fields indicated by Arrows 1 and 2. Then, click "OK" as shown by Arrow 3.
To view NinjaTrader commission rates based on your selected plan whether Free, Monthly or Lifetime, please visit the NinjaTrader websitehere for comprehensive details.
Managing Commissions Per Specific Instrument
Specific instruments include examples such as YM, NQ, ES, RTY, etc.
Click on the 'Edit' option to modify the commissions for a specific instrument.
Enter the commissions provided by your broker or as listed on NinjaTrader into fields indicated by Arrows 1 and 2. Then, click "OK" as shown by Arrow 3.
It is important to note that any commissions entered for specific instruments will override settings for that instrument's type. For example, setting instrument-specific commissions for the E-Mini S&P 500 futures contract will override any commissions set for all Futures instruments.
Applying Commissions Templates To Your Accounts
Right-click on your account and select "Edit Account" from the pop up menu that appears.
In the "Commissions" field, as shown by Arrow 1, select your chosen template, indicated by Arrow 2.
Examples Of Managing & Applying Templates
WATCH: How to effectively add templates & manage commissions per instrument type in NinjaTrader.
WATCH: How to manage instrument-specific commissions in NinjaTrader.
WATCH: How to apply commission templates to your accounts in NinjaTrader.
