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Modification of the NT* RiskReward drawing tool: display risk and reward ticks

Attached is a modification of the Risk Reward drawing tool from NT8. In addition to the functions of the tool, it also displays reward and risk in points/ticks. You may want to consider replacing the default RiskReward drawing tool in order to add this function. In order to achieve this, just add the few code lines in the render section commented "//take to RiskReward app" and copy and paste them into the script Riskreward at the respective locations. The Riskreward script is in the folder C:\Users\<user name>\Documents\NinjaTrader 8\bin\Custom\DrawingTools. Please note that this functionality will get lost with a program update, because @apps are system apps.

Category NinjaTrader 8 Indicators and More

Details: Modification of the NT* RiskReward drawing tool: display risk and reward ticks
Category: NinjaTrader 8 Indicators and More

October 31st, 2021
Size: 7.52 KB
Downloaded: 353 times

Keywords: drawing reward risk tool

Risk Reward

Risk Reward and Position Sizing Indicator

Calculates Risk/Reward and Position Sizing for trade planning using horizontal lines drawn at potential trade Entry, Stop and Target. The indicator will automatically update the risk/reward and position sizing on the fly when you select and drag the Entry, Stop, and Target lines.

Position size and risk/reward are calculated from user input parameters for Trading Account Size, Percent Account Risk per trade, Fixed Dollar Amount per trade, or Fixed Share Sizing.

Press CTRL-ALT to lock the lines to their current prices, now moving one line will move all the other lines together by the same amount, keeping the same ratio between all the lines.
Press CRL-ALT again to unlock the lines.

Category NinjaTrader 7 Indicators

Details: Risk Reward
Category: NinjaTrader 7 Indicators

February 12th, 2012
Size: 3.94 KB
Downloaded: 1738 times

Keywords: contract contracts monpere position risk riskreward share size sizing