Order sizing add-on or indicator

[MA_commodities]

Hello,

I have searched but was only able to find one add-on that is 500$, which is too much for me right now.

Is there a built in indicator or are there any cheaper or free add-ons that can help with order sizing? I want my risk to be 1% of my trading account, it takes time to do this math when I am putting on a trade and I prefer to be able to find something to does this automatically.

Any help would be appreciated. Thank you!

MA.

[NinjaTrader_Jesse]

Hello MA_commodities,

What you described is possible to create, I am not aware of s specific item that is free that does that. Generally this logic incorporated into a script and relates to how that script works so this type of item would generally be a whole trading strategy opposed to an addon that can control that for other items. An addon to do this would be very complex and would not really be the expected route for order sizing, controlling other scripts/tools is not recommended by our support.

[jeronymite]

MA_commodities Position sizing can certainly be programmed (I have done that), but if you want something free, you could try searching for "position size calculators" (or similar) and see what you can find. It will most likely require manual entry of your requirements, but the calculation is done for you. Here's a good example for Forex: https://www.babypips.com/tools/position-size-calculator

Given your username ("...commodities" ), you're probably looking for something focused on commodities, but you may find something if you explore a bit.

Thanks.

[MA_commodities]

Thanks for the info Jesse and Jeronymite! I appreciate it very much!

MA