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Risk manager for day trading

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    Risk manager for day trading

    Hello,
    During 1 year iam use NT7 and now iam would like organize my private day risk manager for my trading in futures.
    I have same small knowladge C# and I would like create same risk manager with day parametrs account and rules for the stop trading:
    - Day PnL;
    - Day gross loss;
    Example:
    If Day PNL< -400$ then all order cancel (stop trading).
    If day gross loss < -1000$ then all order cancel (stop trading).

    Also interest same trailing stop. For example
    If Day PNL (max)=600$ and PNL (current)=200$ then all order cancel (stop trading).

    Please samebody can help me with my question. It possible do for NT7 or NT8? If yes which command for my parametrs i must use.

    Thank you.

    #2
    Hello Jonnytrade,

    Thank you for your note.

    You would be able to accomplish what you describe in both NT8 and NT7. I’ve provided links to reference examples which demonstrate how to do this in both NT7 and NT8. Note these examples are strategy specific, and losses in another strategy would not be considered in another.

    Example of halting strategy when $1000 in profit has been reached, $400 in losses have been reached or 10 trades have already been made,
    http://ninjatrader.com/support/forum...ead.php?t=4084

    Another example which will stop your strategy when profit >$1000 or losses<$-400,
    http://ninjatrader.com/support/forum...ead.php?t=4804

    The following reference example demonstrates how you can modify a stop loss based on current price, which you can use as a template for building a trailing stop loss.
    http://ninjatrader.com/support/forum...ead.php?t=3222

    Please let us know if you need further assistance.
    Alan P.NinjaTrader Customer Service

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