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TradeRuler
Places trade targets ruler on chart and calculates risk/reward/position sizing for trade planning, review and management, using Van Tharp style Risk based position sizing
Setting Lines:
- Middle mouse button click above/below any bar shows ruler for long/short respectively
- Shift-Middle mouse button sets entry line
- Control-Middle mouse button sets stop line
- Alt-Middle mouse button sets target line
Moving Lines:
- Lines can be selected and moved separately
- CTRL-ALT locks line relationships. Moving one line moves all lines together
- CTRL-ALT again unlocks line relationships
Clearing lines:
- The same key combination on a displayed line, erases that line
- Middle mouse button click on vertical line of the displayed ruler, erases the ruler.
- Control-Alt-Shift Middle mouse button erases all lines
- Unlimited stops and targets are allowed
If no entry/stop/target lines are explicitly set, then they are defaulted to high/low/close of the associated candle.
...
To change position sizing calculations:
- Change AcctSize, AcctRisk, and FixedShares user parameters
- or specify them in the line input boxes on the chart as follows:
100 => means trade a fixed size of 100 shares/contracts
$100 => means max stop loss size is $100
2% => means risk only 2% of AcctSize
Version: V3
Category NinjaTrader 7 Indicators
1248
monpere
Comments/ratings
ejtrader August 13th, 2012 12:52 AM
No Comment
Cloudy August 15th, 2012 01:10 PM
Thanks Monpere. Very nice.
Ganymed August 17th, 2012 06:58 AM
No Comment
gentech August 28th, 2012 04:06 AM
Thanks. This looks very promising.
vantojo September 21st, 2012 02:41 PM
thank you
Kingsley September 22nd, 2012 07:54 AM
Thank you!!
dilbert618 November 30th, 2012 07:30 AM
Thank you monpere, I've been looking to do this myself.
fredifrosch April 27th, 2013 06:44 AM
Hello monpere,
Thanks for the excellent indicator.
Question: The indicator does not show the target and stop amount.
I'm doing something wrong? - Thanks for help.
Hub Stevens June 21st, 2013 10:52 AM
Thank´s , great work!
Wessel April 16th, 2014 05:02 PM
Mmm looks great, just fighting with the middle mouse button :-) on a magic mouse