Description

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.