How to Choose the Right Bot for You
With several automated strategies available in the Ninjacators catalog, it is natural to wonder which one is the right fit for your situation. This article will help you think through the key factors so you can make a confident, informed decision.
Key Factors to Consider
| Factor | What to Think About |
|---|---|
| Market | Different bots are optimized for different futures markets (e.g., ES, NQ, CL, GC). Consider which markets you are already familiar with or have access to through your broker. |
| Account Size | Each bot has a recommended minimum account size based on its typical drawdown profile. Make sure your account can comfortably support the strategy you choose. |
| Trading Hours | Some bots trade during regular market hours only; others are active during extended or overnight sessions. Choose one that fits your schedule and infrastructure. |
| Risk Tolerance | Review the bot's daily loss limit settings and historical drawdown information. Make sure you are comfortable with the potential downside before enabling it. |
| Number of Bots | Running multiple bots across different markets can help diversify your automated trading activity. See our article: Why Do I Need More Than One Bot? |
Take the Automated Trader Type Quiz
Not sure where to start? Ninjacators offers a free Automated Trader Type Quiz on our website that identifies which of the 7 trader types best describes you — and then recommends the strategies that are most likely to align with how you think and trade. You can take it at ninjacators.com.
Still Not Sure? Ask Us.
Our team works with traders every day and is happy to help you think through your options. Reach out at help@ninjacators.com or join our daily live session at 3pm EST through Ninjacators Central.
Trading futures involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. No specific profit or performance outcome is implied or guaranteed.