Number of lots based from MM

[Greenmoney21]

Hi,

I have a suggestions, for number of lots to be enter as we place our order.

Can this be done automatically via Chart Trader?

Once i've place an order with entry price (Stop/limit/market order) and stop lost, the script or Ninja trader, will automatically calculate how many lots should it take, based from the max risk in % that i set, eg:

Account size : $4500
max risk : 3%
stop lost should be less than : $135

Entry : 1.2000
Stop lost : 1.1960 (40 pips)


Number of lots allowed would be : 3 mini lots (spreads taken count as well)...

I think this feature will benefits alot of traders as well...

Thank you

[NinjaTrader_Jason]

Hello MoneyMate8,

Unfortunately this is not supported in ChartTrader.

I will forward your suggestion to our development team and ask them if they can add this to the list of future considerations for the software.

Thank you for your feedback.

[Greenmoney21]

Hi Jason,

Thank you.. Looking forward for it..

Do Ninja Trader support these feature? I understand ChartTrader cant support, how about the regular method for key in the oder?

Thank you

Hello MoneyMate8,

Unfortunately this is not supported in ChartTrader.

I will forward your suggestion to our development team and ask them if they can add this to the list of future considerations for the software.

Thank you for your feedback.

[NinjaTrader_Jason]

You can create automated strategies that will submit orders as per the conditions you setup. Please see the link below for more information.
http://www.ninjatrader-support.com/HelpGuideV6/DevelopTradingLogic.html

If you are unfamiliar with programming, you can always contact one of our NinjaScript consultants listed at the link below.
http://www.ninjatrader.com/webnew/partners_onlinetrading_NinjaScript.htm

[Greenmoney21]

Can i activate these strategies from ChartTrader, i love to trade via ChartTraeder, its so much easy to key-in order and adjust the order for me?

You can create automated strategies that will submit orders as per the conditions you setup. Please see the link below for more information.
http://www.ninjatrader-support.com/HelpGuideV6/DevelopTradingLogic.html

If you are unfamiliar with programming, you can always contact one of our NinjaScript consultants listed at the link below.
http://www.ninjatrader.com/webnew/partners_onlinetrading_NinjaScript.htm

[NinjaTrader_Jason]

No, but you can start these strategies in a chart. Please see the link below for more information.
http://www.ninjatrader-support.com/HelpGuideV6/RunningANinjaScriptStrategyFromAChart.html

[Greenmoney21]

Thanks.. I'll look into.. But would be better if someone can program this strategies and upload it here, so that everyone can benefits from it..

Thanks for your fast reply Jason..

Take care there..

No, but you can start these strategies in a chart. Please see the link below for more information.
http://www.ninjatrader-support.com/HelpGuideV6/RunningANinjaScriptStrategyFromAChart.html