Risk/ Reward Calculator

[[email protected]]

A nice indicator for Ninjatrader to have is a tool that you click on 2 different points and shows you the amount of $ that it represents depending on the instrument. A variation of this you select the risk and the profit target and it provides you the $ that you are risking vs the target.

I have seen this tool on Track N Trade. Its very nice.


A suggestion for the NT people

PEDRO

[NinjaTrader_Dierk]

Thanks for your suggestion. We'll add it to the list of future considerations.

[altrader]

This would be an interesting feature ... I think MTPredictor offers something like this so it's probably possible. You could mark an entry point and then drag and drop R&R in the same way that you do with targets and stops in chart trader to get a visual display of R&R in ticks or $.

I'd give it a go but it's above my programming level at the moment, wouldn't know where to start.

[NinjaTrader_Ben]

Hello,

Thank you for your input. Our development department will consider it.

[IndicatorWarehouse]

Of course, we are partial to this - http://www.indicatorwarehouse.com/tr...t=risk-manager

However, if you want a very cool free position sizing tool, check this out - http://www.indicatorwarehouse.com/moneyexpert/