Description
This NinjaTrader risk-reward tool makes it easy to calculate risk & reward.
Overview
+ 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).
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.
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
Compatibility:
- Instruments: futures, stocks, indices
- Interval types: timebased or non-timebased, standard or custom
- Chart styles: whatever
Usability:
- Ready to use out of the box
- Fully configurable & customizable with ease
Media
Installation
Please read Installation Guide for details.
Support
FREE support for life! Feel free to ask us anything, anytime.
On NinjaTrader 8, you even have access to our PRIORITY SUPPORT directly from charts.
Please read Customer Service for details.
Software upgrade
All software upgrades for NinjaTrader 7 are absolutely FREE of charge.
All software upgrades for NinjaTrader 8 are absolutely FREE of charge.
A one-time low fee may be required for an upgrade from NinjaTrader 7 to NinjaTrader 8.
Please read Upgrade Policy for details.
Terms
ALL SALES ARE FINAL & NON-REFUNDABLE!
Because software products may be copied and stored easily, we will NOT issue refunds of any kind.
Upon purchasing this software, you agree to be bound by Terms of Service.
Various types of trading software products, all under one roof!
Please check out our NinjaTrader 8 indicators to find ones that fit your needs.
Software Changelog
NinjaTrader 8 version:
- 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.
- 09 Feb 2018 – The indicator was re-exported to be compatible with recent changes of the platform.
- 03 May 2017 – Compatibility was improved.
- 20 Apr 2017 – Incorrect drawing position on high-DPI screens was fixed.
- 07 Feb 2017 – The indicator was re-exported to be compatible with recent changes of the platform.
- 13 Dec 2016 – An auto-scaling issue was fixed; options were added for dragging management.
- 09 Dec 2016 – The indicator was released (converted from its NT7 version).
NinjaTrader 7 version:
- 20 Dec 2014 – The flexibility to drag and drop reward levels was added.
- 24 Sep 2014 – The indicator was released.
