Risk Management

[Sartis23]

I am wondering if it is possible to prgram a module for NinjaTrader that would provide some rudimentary risk management features. Specifically, I would like to be able to limit the number of contracts/shares that can be traded (open), limit the instruments that can be traded, and halt trading when a specific loss level is reached for the day.

I know that this would likely be a complex project and I would be willing to retain someone to do it. But first, I need to know if it can be done. Thanks.

[NinjaTrader_Ray]

Unfortunately this is not possible.

[Sartis23]

Thanks for the speedy reply. I didn't think so, but it never hurts to ask.

[randyjb]

Sartis.. you probably already know this, but although it cannot be set automatically in NinjaTrader, you should be able to simply call your broker's order desk and have them set all three of those limits for you so they operate automatically until you ask to have them changed.

Happy Trading..
Randy