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Risk-Percentage-Trading Tool/Chart-Trader

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    Risk-Percentage-Trading Tool/Chart-Trader

    Hi.

    I'm missing a risk-percentage tool for trading. The ATM strategies are nice, but they miss to enter a percentage risk trade.
    Currently it looks as if I only can put in static values of size and price. For a percentage risk approach the values of size and price need to be computed by the account size, start and stop price.

    There is not such a tool in Ninjatrader 8, right? Could you please extend the ATM and Chart-Trader capabilities to allow a more dynamic order entry?

    If you need some ideas on how to extend the chart trader and create the inputs for the risk/percentage calculation, have a look at tradingview and their long/short-position element - which calculates size, risk, R just by setting the start, stop and target(s).

    Is there any workaround to make use of the ATM with risk/percentage somehow out there?

    Best
    Carsten


    #2
    Hello hiikila,

    Thanks for your post.

    I've linked below to a great article about Risk/Reward in NinjaTrader on a percentage basis; there's a great Drawing tool for this on charts:

    https://ninjatrader.com/blog/manage-...based-trading/

    In terms of submitting and order based on a certain percentage, this is possible using NinjaScript Strategies, and depending on your needs, custom programming.

    Please let me know if I may be of any further assistance.

    Marco G.NinjaTrader Customer Service

    Comment


      #3
      Hi Marco,

      thank you for the links - but there is just no connection between the drawing of the risk/percentage tool and the sizing of an ATM strategy. So it just does not help at all to get the number of contracts, shares, currencies etc.


      In addition the ATM-strategies just use static size-values for their targets - but for risk based trading, it would be necessary to use percentage based size values (e.g. target 1 = 50% of contracts in use).

      So - there is not much within Ninjatrader that helps using a Risk/Reward strategy in combination with ATM.


      Any other ideas - or is there at least a feature planned to support risk-based trading?

      Best
      Carsten

      Comment


        #4
        Hello Carsten,


        Thank you for the followup, unfortunately ATM can not be based on a specific risk-based formula in this way out of the box.

        I have submitted this as a feature request to the Development Team. I will follow up with an internal tracking number for your reference as soon as it is created.

        Thanks in advance for your patience.
        Marco G.NinjaTrader Customer Service

        Comment


          #5
          Hello.

          Thanks for your patience.


          The internal tracking number for your feature request is SFT-420. Please reference this internal tracking number when contacting Platform Support if you ever have questions regarding this feature request.

          When a feature request is implemented, you'll find a description of the new feature in the release notes:Please let me know if I may be of any further assistance.
          Marco G.NinjaTrader Customer Service

          Comment


            #6
            I am looking for the same functionality to be available in NT8. E.g. I select entry and stop prices on chart and pre-define my risk per trade is $500 and my profit strategy is 25% @ 1R, 75% @ 2R and 25% @ 2.5R. NT8 should then be able create entry order quantity ($500/(entry price - stop price)), stop order and multiple profit orders based on these predefined parameters.

            Comment


              #7
              Hello trader-ap,

              Thanks for your post.

              I'll add your vote to this feature request.

              Please let me know if I may be of any further assistance.
              Marco G.NinjaTrader Customer Service

              Comment

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