Most traders already know what their limits should be.
The problem is following them when the market is moving quickly.
A trader may decide before the session that they will stop after a certain loss, drawdown or number of trades, then ignore that rule once they are actually in the market. Our NinjaTrader Risk Management Assistant is now available for free and is designed to make those limits harder to ignore. Instead of only displaying information, the software can react to predefined account and trade events. Depending on your setup, it can:
This makes it a useful layer of account control alongside your normal NinjaTrader strategies and discretionary trading.
The tool is free:
https://clickalgo.com/ninjatrader-risk-management
If you want those same types of rules coded directly into an automated strategy, Xen AI for NinjaTrader can also help build or modify the NinjaScript:
https://ninja.clickalgo.com/
The problem is following them when the market is moving quickly.
A trader may decide before the session that they will stop after a certain loss, drawdown or number of trades, then ignore that rule once they are actually in the market. Our NinjaTrader Risk Management Assistant is now available for free and is designed to make those limits harder to ignore. Instead of only displaying information, the software can react to predefined account and trade events. Depending on your setup, it can:
This makes it a useful layer of account control alongside your normal NinjaTrader strategies and discretionary trading.
The tool is free:
https://clickalgo.com/ninjatrader-risk-management
If you want those same types of rules coded directly into an automated strategy, Xen AI for NinjaTrader can also help build or modify the NinjaScript:
https://ninja.clickalgo.com/