XABCD Position Tool for NinjaTrader 8
About the XABCD Position Tool
CALCULATE A PERCENTAGE OF RISK INTO A POSITION SIZE AUTOMATICALLY.
The first step is to use our drawing tool to mark in where you would want your entry and stop. It will then calculate the target based off your risk per trade that you set. For example: Say you want to risk 0.5% of your account on a trade, and you have a balance of 12,384. You want to trade a futures, forex, stock, crypto (it doesn’t matter) market.
You will see the calculator will output an order quantity based on the instrument and account balance etc. So in a fraction of the time it would normally take you to figure this all out (and you’d probably give up well before hand) the XABCD Position Tool calculator has figured out your order quantity for you. If you put an entry [here] and a stop [here] and i want to risk 0.5% of my account – what is my order size? And that is the problem that our tool solves.
See A Live Example of the Position Tool: