Risk/Reward Meter
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Product Description
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T his NinjaTrader risk-reward tool makes it easy to calculate risk & reward.
- Risk-Reward Meter does NOT automatically place orders for you.
- We 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 NinjaTrader risk-reward 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, Risk/Reward Meter 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 risk-reward tool for NinjaTrader 8 automatically sends the quantity to Chart Trader, ready for your next order placements.
Compatibility
- Instruments: futures, stocks, indices
- Interval types: timebased or non-timebased, standard or custom
- Chart styles: whatever
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
Usability
Ready to use out of the box
Fully configurable & customizable with ease
45 Days ninZaExchange
If you are not satisfied with an indicator you’ve bought, you may request us to replace it with another indicator of the comparable price for you.
Software Changelog
Nov 25, 2020
Massive changes, fixes and improvements were made (DPI, display name, Z order); max risk in cash was added.
Mar 22, 2019
The licensing system was critically upgraded.
Aug 29, 2018
The indicator was re-exported to be compatible with recent changes of the platform; the toolbar menu was removed.
Product Media
How to Install?
Step by step guide on how to install the indicators
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Because software products may be copied and stored easily, we will NOT issue refunds of any kind. ALL SALES ARE FINAL & NON-REFUNDABLE!
Futures, foreign currency, and options trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
NinjaTrader® is a registered trademark of NinjaTrader Group, LLC. No NinjaTrader company has any affiliation with the owner, developer, or provider of the products or services described herein, or any interest, ownership or otherwise, in any such product or service, or endorses, recommends or approves any such product or service.