NexusFi: Find Your Edge


Home Menu

 



Categories Help    

 
Risk / Reward drawing tool (updated) 5 *
Ninjatrader comes with a built-in risk/reward drawing tool.
However i like the one from tradingview much better
This drawing tool adds a tradingview look-a-like risk/reward tool to ninja trader for both long and short positions
When placing a R/R drawing tool on your chart you can move it around, drag the stoploss/target to its correct price levels and the risk/reward ratio will be updated in real time

After installing you can find the risk/reward tools under the drawing tools menu.
There's a long position tool and a short position drawing tool
Note you can assign keyboard shortcuts to the risk/reward drawing tools using the tools->Hot Keys menu.

3-11-2018 : version 1.0.0.0
5-11-2018 : version 1.0.0.1 bugfix to make it work with all instruments


Category NinjaTrader 8 Indicators and More 
 
Suggest other entries I might like
Details: Risk / Reward drawing tool (updated)
Category: NinjaTrader 8 Indicators and More 


November 3rd, 2018
Size: 4.32 KB
Downloaded: 2637 times
Comments/ratings
5 * delta9100 November 3rd, 2018 11:07 PM
thanks a lot it great
5 * skfutures November 4th, 2018 12:43 AM
The tick is not "tick".
1 Tick = 1 point (100 ticks) in CL.
I hope you can make adjustments.

It's a great tool though.

Thanks.
4 * Ratdog November 5th, 2018 12:20 AM
Absolutely great, TY.
Any chance of combining it to where we can use one tool for longs and shorts?
Any chance of adding "Multiple targets" to it?

Cheers! Thank you again!
5 * KillerJukeBox November 17th, 2018 08:49 PM
Thank you for this, its a big improvement from NT's built in one , and I do love TV's implementation.
5 * 1983tops January 17th, 2019 05:27 PM
Awesome job!! Can feature be added to let show risk/reward in dollars?
5 * Nomar June 9th, 2019 08:48 PM
Great Job !!!
4 * project belgrade August 30th, 2019 02:13 PM
No Comment
3 * zoticus September 2nd, 2019 05:14 AM
May I suggest that the tool is linked to an account and has some measure of risk that can be altered.
For example, if an account has $10,000 in it, then a 1% risk on a trade would represent a $100 risk.

The tool could then calculate the number of contracts/shares etc., that would be needed to match the risk% from the entry to tyhe stop order. This could be dynamically enetered as the amount in the trade manager.

Just a thought....

Risk profiiles could be for FX/Futures/Shares/CFD's etc.

Additionally, an option to "take some off" could be added and then the total profit ca;lculatiomn of a trade could be asssessed properly.
Regards
Col. Mike
5 * dannyss35 April 24th, 2020 04:24 PM
Appreciated
5 * Nephew94 September 25th, 2020 05:47 AM
Appreciated!

 
Sort by

 




© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top