Enhancement to the Risk/Reward drawing tool

[mnk91998]

Enhancement to the risk/reward drawing tool. Position sizing tool: Need a Ninjatrader add on tool that can calculate position size on a potential trade set up. The drawing tool that uses the account you select and a pre-defined risk (percent of account, dollar per trade, it should also take into account the other trades you have on). Then determine number of (shares for stock, contracts for futures or pips for forex) to trade. The drawing tool should be able to choose one target or as many multiple targets as the user wants. The drawing tool should also be able to have one or more(as many as the user wants)built in target levels (2 to 1, 3 to 1, 4 to 1, 5 to 1 and so on. Maybe like the fib drawing tool, where you can click on the different fib levels you want to see/use). The user should also be able to adjust the entry, stop and targets on the chart once it is drawn. The Drawing tool should then adjust the position size and also recalculate the risk/reward ratios. Maybe a data box that shows the position size and risk/reward ratio. Another way for it to display is at each line. The entry line has the entry price and position size. The stop line has the stop price and size of the risk in dollar or (shares/contract/pips) and the target lines show the target price and the reward ratio (1 to 1, 2 to 1, 3 to 1 and so on).

[NinjaTrader_PatrickH]

Hello mnk91998,

Thank you for your post.

I will forward your suggestion to our development team.

Such a Drawing Tool could be built in NinjaScript if you were interested in custom development yourself please let me know. I can also have our affiliate NinjaTrader Ecosystem follow up here with information on NinjaScript Consultants.

[NinjaTrader_PatrickH]

Hello mnk91998,

Thank you for your patience.

Your suggested feature has been assigned the internal tracking id SFT-1202.

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

[esbee]

Excellent suggestions!

[iq200]

Hello - any news of this? A lot of other trading tools have started incorporated this feature e.g. DAS. Is there a likely date for this feature?
Thanks,
iq

[NinjaTrader_RyanS]

Hello,

Unfortunately this feature request has yet to be implemented due to low user demand. I will add a vote on your behalf for this however.

[eddiekellertri]

this option got done ? do we have any alternative for that ? risk 1 to 1 - 2 - 3 - 4 or however you can set up

[NinjaTrader_Heath]

Hello,

Unfortunately this feature request has yet to be implemented. I have reached out to our development team and will add a vote on your behalf for this.

[Jewker]

I'm also looking for something similar, any news if we'll get that?

[NinjaTrader_Zachary]

Hello Jewker,

Thank you for your response.

We have not yet implemented this request. I have added an additional vote to this request on your behalf. You may be able to find something similar from a third party, on our User App Share, or have something designed by a NinjaScript Consultant.

Please let us know if we may assist you any further.

[FireflyTrader]

Hello

Please add my vote to this request, the current risk/reward tool is very sub-optimal, the ideal tool is how TradingView has it, without a fixed ratio, where you can tweak stop and target, get the resulting risk/reward and the position sizing, basically what OP described

[NinjaTrader_Zachary]

Hello FireflyTrader,

Thank you for your response and feedback.

I have added a vote on your behalf as well!

[DragonTamer]

The TradingView Risk Reward box is fantastic and very useful - I would also like to see it on NinjaTrader. I want to set the Stop and then see the different R multiple values as I move the Target. If there is something out there already can someone point me to it. If not, please add my vote for it to be built.

[NinjaTrader_Zachary]

Hello DragonTamer,

Thank you for your response.

You may be able to find something in our User App Share. These are custom indicators created by members of our user community. You can review the options available on the App Share at the link below;

https://ninjatraderecosystem.com/user-app-share-results/?fwp_usa_search=risk%20reward

With that said, I'm happy to add an additional vote on your behalf as well.

[DragonTamer]

Many thanks Zachary for the link - there are some nice ones there.