Simulation (Sim 101 facility) Simulation is just demo account trading. NinjaTrader allows multiple simulation accounts to be created. Interestingly, a trader can run a live and a simulation account simultaneously. Both live, and simulation orders can be routed to different windows. This means, a trader can use a well-tested strategy in the live account, while trying multiple trading methods in simulation accounts. If a trader is afraid of getting confused and placing orders in a live account instead of a simulation account, the Global Simulation mode can be enabled. Both Playback 101 and Sim 101 will not yield the same results as there is no data latency when using Playback 101. Strategy analysis NinjaTrader facilitates automation of trading strategy using NinjaScript, which is an extension of the C# language. The Strategy Analyzer allows a user to run historical analysis on an automated trading strategy created using NinjaScript. Analysis and optimization of strategy can be done in an in-depth manner as explained in the earlier paragraphs. The NinjaTrader’s strategy analyzer window offers detailed analysis of a strategy both in a raw mode and in the form of images. For beginners, the strategy analyzer window has provided four different sample strategies to get acquainted with the platform - ATM, MA crossover, multi-instrument, and multi-timeframe. Professionals can load their own templates and perform a detailed strategy analysis. NinjaTrader - Strategy Analyzer Summary While the Summary menu in the strategy analyzer window gives a basic idea about the performance of a strategy, the Analysis menu enables a trader to study the performance of a strategy during various timeframes and other conditions (daily, weekly, monthly, yearly, trades, half-hour of day, hour of day. and day of week). Further segregation can be done based on long/short calls, winning/losing trades, and even based on entry and exit time. NinjaTrader - Strategy Analyzer - Analysis Once any combination of the above-mentioned data are selected, a visual representation of cumulative net profit, net profit, cumulative maximum drawdown, maximum drawdown, average maximum adverse excursion, average maximum favorable excursion, average entry efficiency, average exit efficiency, and average total efficiency can be viewed. For example, a trader can study the entry efficiency of daily winning long calls based on exit time.