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Product Description
T his NinjaTrader risk-reward tool makes it easy to calculate risk & reward.
- Risk-Reward Meter does NOT automatically place orders for you.
- ninZa.co added massive improvements in the NT8 version, which makes it a phenomenal position-sizing tool for NinjaTrader 8. However, please be informed that the NT7 version is not at the same level of functionality. Please read below to know which features are unavailable in the NT7 version.
Risk/Reward Meter is not only an essential tool, but also a unique NinjaTrader position-sizing addon that you'll see nowhere else.
One of the most vital things you must do before placing a trade is to calculate potential risk & reward amounts. That is: draw some lines, calculate distances between the lines (perhaps in ticks), then divide the distances to derive the reward:risk ratio. A lot of boring and time-wasting steps, right?
Forget them all! Let this handy NinjaTrader risk reward tool do all these calculations for you and professionally display all the meaningful information on your chart, supporting up to 3 targets.
More wonderfully, it also does position sizing based on a user-defined risk amount that can be specified in either cash or a percentage of your account value. It is perfectly compatible with USD or non-USD accounts, and USD or non-USD instruments. Here are examples of money configurations for non-USD instruments that you should read and follow: FDAX config (currency: EUR) and EURGBP config (currency: GBP).
Please find more details about this by following this link → https://ninza.co/risk-reward-meter-config
After calculating the suitable quantity based on your criteria, this useful NinjaTrader 8 risk-reward tool automatically sends the quantity to Chart Trader, ready for your next order placements.
For traders looking to build a more complete toolkit, our other NinjaTrader 8 indicators are worth taking a look at.
Key Features
- Draw elegant risk & reward zones with up to 3 targets
- Save drawing & calculations for an instrument (survive: platform restart, chart reloading, timeframe switch within that instrument)
- Support fixed-quantity position sizing based on quantity input NT8 only
- Support auto-quantity position sizing based on max risk (% of account cash) NT8 only
- Synchronize quantity with Chart Trader NT8 only
- Paint risk zone in a special color to alert max risk exceeded NT8 only
- Display prices of stop & targets
- Display reward:risk ratios of stop & targets
- Display risk percentages of stop & targets NT8 only
- Display the numbers of ticks (NT8 version supports pips as well) of stop & targets
- Display money values of stop & targets
- Paint risk & reward zones with customizable colors & opacity
Product Media
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From Happy Customers
by M.
Indicators Improved My Charts. Hannah's Help And Great Customer Service. Will Buy Again.
I have been using the ninZa.co indicators for several months now and am very happy with what a valuable addition they have been to my charts. I recently decided to add one of the recently released indicators from ninZa.co. But after using for a few days, it wasn’t quite what I had been looking for. I contacted ninZa.co and had the pleasure of working with Hannah for an exchange to a different one of the many available indicators. At the time, the indicator I wanted to purchase to replace the one I had recently bought was on sale. Hannah put through an exchange and without my having to ask, gave me the advantage of the sale price. She also included a pdf that provided education about the indicator I chose to switch to. Any time I have had contact with one of the associates from ninZa.co, I have received excellent customer service, and will not hesitate to purchase from them again.
by Bartosz
Grace Goes Above And Beyond: A Customer Support Experience That Exceeds Expectations!
Thank You, Grace! Your support is extraordinary I wish all companies have such great support. Keep going I’m 200% satisfied.
by Kari L.
ConnorsRSI Pro With Grace's Outstanding Customer Service
Thank you very much for your excellent customer service, Grace! You are doing an excellent job making customers' lives much easier.
by T.
An Exemplary Customer Experience At NinZa.Co: Unveiling The Power Of Cumulative Delta
I'm a new customer with ninZa.co and i was needing help today in making a purchase. I made a request on your chat platform and Hannah came to my rescue. She helped me find the what I needed and even offered me a discount. Everything went very smoothly from that point. I made the purchase and she even provided me some documentation on the indicator. I am very pleased with her assistance. Thanks again Hannah for your excellent customer service !!
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Software Changelog
25 Nov 2020
Massive changes, fixes and improvements were made (DPI, display name, Z order); max risk in cash was added.
22 Mar 2019
The licensing system was critically upgraded.
29 Aug 2018
The indicator was re-exported to be compatible with recent changes of the platform; the toolbar menu was removed.
