Can I Have Two Apex Accounts on NinjaTrader? A Comprehensive Guide

If you’re trading with Apex Trader Funding through NinjaTrader, you might wonder whether you can manage multiple Apex accounts on the platform. The answer is yes, and many traders use this flexibility to diversify their trading strategies, manage risk better, or simply take advantage of the opportunities Apex offers. In this comprehensive guide, we’ll explore the possibilities, benefits, and steps for managing two (or more) Apex accounts on NinjaTrader.

Understanding Apex Trader Funding and NinjaTrader

What Is Apex Trader Funding?

Apex Trader Funding is a proprietary trading firm offering funded accounts to traders who pass its evaluation process. These accounts allow you to trade futures contracts without risking your own capital, while keeping a share of the profits.

Key features include:

• Various account sizes with different profit targets and drawdown limits.
• Affordable monthly fees for evaluations.
• A flexible and trader-friendly funding process.

What Is NinjaTrader?

NinjaTrader is a powerful trading platform widely used for futures trading. It offers advanced charting tools, customizable indicators, and fast execution capabilities, making it a favorite among professional and retail traders.

Can You Have Two Apex Accounts on NinjaTrader?

Yes, you can use two Apex accounts on NinjaTrader. Apex allows traders to operate multiple funded accounts or evaluation accounts simultaneously, provided they adhere to the terms and conditions. NinjaTrader’s versatile setup supports managing multiple accounts seamlessly, allowing traders to implement diverse strategies across different accounts.

Benefits of Using Two Apex Accounts

1. Diversification of Strategies

• Hedging: You can use one account for long trades and the other for short trades to hedge your positions.
• Strategy Testing: Test different trading strategies in separate accounts without interference.

2. Enhanced Risk Management

• By spreading your trading across two accounts, you can mitigate the risk of drawdowns affecting your overall performance.
• You can set different risk parameters for each account, tailoring them to specific trading styles.

3. Increased Earning Potential

• With two accounts, you can capitalize on more trading opportunities, maximizing your profit potential.
• If one account reaches its daily or maximum drawdown limit, you can continue trading with the other account.

4. Improved Flexibility

• Having multiple accounts allows you to allocate different account sizes for specific instruments or market conditions.

Steps to Set Up Two Apex Accounts on NinjaTrader

1: Obtain Multiple Apex Accounts

1. Visit the Apex Trader Funding website and sign up for additional evaluation accounts or fund more accounts.
2. Ensure each account is linked to a unique username and password provided by Apex.
3. Review the pricing and select the account sizes that suit your trading needs.

2: Install and Configure NinjaTrader

1. Download NinjaTrader:
   If you don’t already have NinjaTrader installed, download it from the NinjaTrader website. Follow the installation instructions for your operating system.
2. Log In to NinjaTrader:
   • Open NinjaTrader and log in using your existing credentials.
   • If you’re new, create an account and complete the necessary setup.

3: Connect Each Apex Account to NinjaTrader

1. Open NinjaTrader’s “Connections” menu.
2. For each Apex account:
   • Select “Add Connection.”
   • Choose the Rithmic data feed (used by Apex Trader Funding).
   • Enter the username and password for each Apex account.
3. Save the connections and ensure they’re active. Each account should appear as a separate connection in NinjaTrader.

4: Manage Multiple Accounts in NinjaTrader

Once your Apex accounts are connected:

1. Switch Between Accounts:
   • In the NinjaTrader platform, you can toggle between accounts in the “Accounts” tab.
   • Select the desired account before placing a trade.
2. Execute Trades Simultaneously:
   • Use separate chart windows or order entry tools for each account.
   • This allows you to execute trades in both accounts without conflict.
3. Customize Account Settings:
   • Set different risk parameters, such as stop-loss levels or trade sizes, for each account.

Best Practices for Managing Two Apex Accounts on NinjaTrader

1. Maintain Clear Objectives

Decide how you’ll use each account. For instance:

• One account for aggressive trades and another for conservative trades.
• One account dedicated to a specific market or time frame.

2. Monitor Account Performance Separately

Use NinjaTrader’s performance tracking tools to evaluate each account’s progress individually. This helps identify which strategies are working best.

3. Avoid Overlapping Trades

While it’s tempting to mirror trades in both accounts, overlapping can expose you to unnecessary risk. Instead, focus on using each account for distinct strategies or market conditions.

4. Stay Organized

• Label charts and workspaces to indicate which account they belong to.
• Use distinct color codes or visual cues for each account to avoid confusion.

Potential Challenges and Solutions

1. Data Feed Issues

• Challenge: Rithmic connections can sometimes lag or disconnect, especially with multiple accounts.
• Solution: Ensure a stable internet connection and avoid excessive data load by limiting the number of open charts.

2. Risk of Overtrading

• Challenge: Managing two accounts can tempt you into overtrading.
• Solution: Set daily or weekly trading limits for each account and stick to your plan.

3. Platform Complexity

• Challenge: Switching between accounts can be confusing for new traders.
• Solution: Spend time practicing on a demo account to become familiar with NinjaTrader’s interface.

Frequently Asked Questions

1. Is It Allowed to Have Multiple Apex Accounts?

Yes, Apex Trader Funding permits traders to manage multiple accounts, including evaluation and funded accounts. How to Place a Long Strangle Option on Webull

2. Can I Use a Single Rithmic Login for Multiple Accounts?

No, each Apex account requires a unique Rithmic login. Ensure you have the correct credentials for each account.

3. Are There Additional Fees for Multiple Accounts?

Each Apex account comes with its own monthly subscription fee, depending on the account size.

4. How Do I Avoid Violating Apex’s Rules with Multiple Accounts?

• Ensure trades in each account comply with Apex’s rules regarding profit targets, drawdowns, and daily limits.
• Avoid coordinating trades across accounts in ways that violate the spirit of proprietary trading agreements.

Conclusion

Managing two Apex accounts on NinjaTrader can be a highly effective way to diversify your trading strategies, enhance risk management, and boost your earning potential. With NinjaTrader’s robust features and Apex Trader Funding’s flexible account options, you can seamlessly integrate multiple accounts into your trading routine.

By following the steps and best practices outlined in this guide, you’ll be well-equipped to maximize the benefits of trading with multiple accounts while avoiding common pitfalls. Whether you’re a seasoned trader or new to funded accounts, leveraging two Apex accounts can take your trading to the next level.