This NinjaTrader risk-reward tool makes it easy to calculate risk & reward.

Overview

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. 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

• 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).

• 20 Dec 2014 - The flexibility to drag and drop reward levels was added.
• 24 Sep 2014 - The indicator was released.