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NinjaTrader
Hard stop in Chart Trader
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Hard stop in Chart Trader
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?
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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 $100, then NinjaTrader would place the stop loss 10 ticks from your entry price. You can learn more about the different ATM parameter types here:
It is not possible to configure manual trading to risk a percentage of your account's cash value, however, this would be possible through custom NinjaScript programming. If you want to learn more about how to create a custom strategy that could do this, please start a thread in the NinjaScript forums or contact us via email at PlatformSupport[AT]NinjaTrader[DOT]com.
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Thanks Patrick,
That is great news. I actually have a strategy I created years ago in NT7 that traded a cash value amount of my account. It is a great feature and one that would make Chart Trader function perfectly for equity traders. One less thing to deal with in fast markets.
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Hi Patrick, I have it ATM st to currency and stop loss to "50.00" but it is calculating it as 5 ticks on all charts regardless of equity price.
TIA
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I think I got it, it was a quantity issue. Will the auto break even be set to currency as well now? Such as up 50$ move to break even?
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Stop strategies can only be programmed in ticks or pips. You'll notice that when you have 'currency' selected for your parameter type, there is a 't' in parenthesis next to Auto breakeven and Auto Trail. This indicates the values will be ticks.Last edited by NinjaTrader_PatrickG; 05-23-2019, 06:04 AM.
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Thanks for the help again. Can I run the "%" function and accomplish what I want? Place say 2500 shares of $10 a share stock. Set the stop loss to ..2% have which would be a $50 hard stop then set the .2 in profit/ autobreak even and have it move once I am up $50?
I will try to test in sim data if I remember how .
EDIT: Seems to have worked in Sim data. So Then I can create this one ATM and just calculate my shares for the instrument. Wether it be 2500 shares at $10 or 1250 shares at $20 my stop loss and auto break even can be set t a strict hard stop correct?
It would be nice to even have a little calculator built into the chart trader.Last edited by reedstickets; 05-22-2019, 07:16 PM.
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This isn't currently possible without custom programming. I have submitted this as a feature request to the Development Team.
The internal tracking number for your feature request is SFT-4025. Please reference this internal tracking number if you ever have questions regarding this feature request.
When a feature request is implemented, you'll find it in the release notes:
Last edited by NinjaTrader_PatrickG; 05-29-2019, 02:03 PM.
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Hi Patrick,
I had the % working perfect for me last night with sim data. What type of custom programming would I need?
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If it's functioning how you want it, then I've probably misunderstood your desire. The percentage tool is not based on your account value. If you're wanting to use a percentage of your account value, this would require 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.
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While it is not working off a percentage of my account value I m able to accomplish what I need by simply dividing the stock share price against my account value to come up with a quantity of shares. Then plug that number into the ATM template with percentages based of of those numbers (in this case .2%).
Does this make sense?
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Okay thank you, That would make things a bit more efficient and be nice for me, but the fact that this works the way I need it to in ATM strategy has me happy. So thank you fr the help.
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Actually one last question, is there a way to stop the ATM and take over manually or have it only move to trail for two times and then stop?
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