“The Best Money Management Webinar I have Ever Seen.”
Watch the video below and learn the three myths of money management that are responsible for traders busting their accounts.
Compatible With NT8 Only
“Trade Management is what separates winning traders from losing traders… What amazes traders the most after using the Risk Manager is how much money they were leaving on the table by not having the correct amount of shares or contracts for each trade.”
95% of trading performance is based on proper position sizing, which is the percentage risked in relation to the size of your trading account. Risk Manager tells you how many contracts you need to have better trading results.
Stop management and position sizing are the two most critical components that separate winning traders from losing traders.
Risk Manager’s automated trading features calculate the correct amount of contracts or shares to trade based on your account size and then enables you to place the trade directly from your chart.
Automated trading and position sizing alone can cure most of the problems that individual traders have. In trading, you’re not paid for analyzing charts and…you’re not paid for placing the order or having the fastest execution platform. What you are paid for is successfully managing the position while it’s in play!
Most traders obsess on finding the “best” entry point to get into their trade. But, where is the money being made on your trades? The position size and the exit!
Remember, the ONLY thing you can truly control is your risk (position size). You cannot control where the market is going to go. No one can. But, you can remove some of the stress by knowing your risk before you enter a trade and then letting an automated trading tool manage your position once it’s in play. In fact, with Risk Manager, you can put on a position and then essentially forget about it.
Risk Manager’s automated trading functionality will show you suggested trailing stop levels based on a mathematical formula, or based on an indicator you have on your chart (like a SMA, or ParabolicSAR or BollingerBand or Keltner Channel).
The easiest way to tell if a trader is going to be profitable is by looking at how they handle these two cardinal rules:
- Do they cut losses short?
- Do they let profits run?
Risk Manager does both of these for you! Risk Manager is an essential trading tool that works with any system or collection of indicators on the NinjaTader platform.
Key Features/Parameters/Options
- Instant order submission of your entry order (Market, Limit or Stop), and of the profit target order, and of the initial stoploss order
- Easy to use menu interface with scroll-wheel support for flipping through critical options and formula multipliers.
- Suggested stop levels can be mathematical (like % of current price, or a multiple of an ATR), or they can be based on an indicator on the price chart (like an SMA or ParabolicSAR or Bollinger Band or Keltner Channel)
- Account size is specified as an input in the indicator, giving you flexibility
- This is an indicator, so you can use chart templates to save specific configurations for different instruments/markets
Initial Stop Strategies include:
ATR: Average True Range is a stop strategy based on market volatility.
Drawn horizontal line as the stoploss level…makes it easy to instantly set the stoploss level based on a visual support or resistance zone…and moving the stoploss level is as simple as moving the drawn horizontal line.
Percentage: The value refers to a percentage of the close price of the instrument. The stoploss distance will be x% of the current close price.
Fixed Tricks: Unify your initial stoploss distance by specifying a tick value.
*Formerly known as Trade Calculator
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