Hard stop in Chart Trader

[reedstickets]

Hi Patrick, I have it ATM st to currency and stop loss to "50.00" but it is calculating it as 5 ticks on all charts regardless of equity price.

TIA

[reedstickets]

Thanks Patrick,

That is great news. I actually have a strategy I created years ago in NT7 that traded a cash value amount of my account. It is a great feature and one that would make Chart Trader function perfectly for equity traders. One less thing to deal with in fast markets.

[NinjaTrader_PatrickG]

If you're using ATM strategies, you could configure the ATM with a parameter type of 'Currency', This would allow you to risk a certain amount of dollars and NinjaTrader would automatically translate that into ticks away from your entry, For example, the CL is worth $10 per tick. If you set your stop loss to $100, then NinjaTrader would place the stop loss 10 ticks from your entry price. You can learn more about the different ATM parameter types here:

https://ninjatrader.com/support/helpGuides/nt8/en-us/index.html?atm_strategy_parameters.htm#UnderstandingStopLossAndProfitTargetParametershowToSetYourStopAndTargetValues

It is not possible to configure manual trading to risk a percentage of your account's cash value, however, this would be possible through custom NinjaScript programming. If you want to learn more about how to create a custom strategy that could do this, please start a thread in the NinjaScript forums or contact us via email at PlatformSupport[AT]NinjaTrader[DOT]com.

[reedstickets]

Is there a way to add a hard stop to Chart Trader? Such as $100 stop loss (.002% of cash amount being traded?) no matter the instrument? Or, is there a way to quickly figure out the position size stop loss?

TIA