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Risk-Reward Meter

$159

  • License

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

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 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

RiskRewardMeter1

RiskRewardMeter2

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.

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