Description
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Platform
Availability for:
- NinjaTrader 7 platform: AVAILABLE NOW
- NinjaTrader 8 platform: AVAILABLE NOW (upgrade from NT7 for just $0 or $25)
Overview
Risk-Reward Meter is a very important NinjaTrader risk reward indicator.
The NT8 version also provides a unique NinjaTrader position sizing feature 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… first draw some lines, calculate distances between the lines in ticks, then divide the distances to derive reward:risk ratios. A lot of boring and time-wasting steps, right?
Forget them all! Let Risk-Reward Meter do these calculations for you and professionally display all the information you need.
The NT8 version of Risk-Reward Meter supports position sizing based on a predefined risk percentage of account cash. It is perfectly compatible with USD accounts or non-USD accounts, USD instruments 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 for you, the NT8 version can automatically send 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 forex pips as well) of stop & targets
- Display money values of stop & targets
- Paint risk & reward zones with customizable colors & opacity
Compatibility:
- Instruments: CFDs, forex, futures, indices, options, stocks
- 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.
In NinjaTrader 8 platform, you even have access to our PRIORITY SUPPORT directly from chart.
Please read Customer Service for details.
Upgrade
All upgrades for NinjaTrader 7 and NinjaTrader 8 are FREE to request.
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!
Upon purchasing this indicator, you agree to be bound by Terms of Service.
Various types of indicators, all under one roof.
Please check out all of our NinjaTrader 8 indicators.
