Position sizing and bracket orders for NinjaTrader 8

Set the cash you are willing to lose. Trade Assistant sizes the position, places entry, stop and target together, and manages the trade from the same panel.

TRADE ASSISTANT−
AnalyseMNQZ6 ExecuteMNQZ6 Tick value$0.50 / tick Stop40 Ticks Contracts10 At risk$200.00 (40T) Reward$400.00 (80T) R : R1 : 2.00
RISK  $200
RR  1:2.00
Where an ATM strategy stops

An ATM sets the stop. You still set the size.

An ATM strategy attaches a stop and target to your order, which is half the job. The quantity is still yours to choose, so the cash at risk changes every time the stop distance does.

Trade Assistant turns it round. You fix the cash, and the quantity follows the stop.

Same 2 MNQ contracts, two different stops
10 tick stop$10.00 at risk
40 tick stop$40.00 at risk
Same quantity, risk4 times larger
Position sizing

Set the risk. The contracts follow.

Set the cash you are willing to lose with the plus and minus buttons, on the panel or on the bracket itself. Trade Assistant reads your stop distance and the instrument's tick value and gives you the size, every time, before you place anything.

Move the stop and the size updates with it. Your starting risk comes from the settings, and the panel shows what you stand to lose and to make, in cash and in ticks.

Worked example · MNQ
Cash at risk$200.00
Stop distance40 ticks
Tick value$0.50
Risk per contract$20.00
Contracts10
Scale-in ladders

Several entries. One stop. One target.

Stack limit orders below the market for a better average price. They all share a single stop and a single target, and those grow to cover exactly what has filled.

When the stop or target is hit, any ladder orders still waiting are cancelled for you. Nothing is left behind to fill later by surprise.

A three-step ladder, part filled
Limit 13 filled
Limit 23 filled
Limit 34 waiting
Stop and target cover6 contracts
On your chart

Drag the trade into place, then place it protected.

BRACKET

Lines you can drag

Entry, stop and target are lines on the NinjaTrader chart. Drag them to shape the trade. What you see is what gets placed.

ENTRY

Protected from the first tick

Market, stop or limit. Every entry goes in with its stop and target attached, and when one fills the other is cancelled.

MANAGE

Break-even, trail, partial close

Move the stop to break-even, switch on a trailing stop, close half or three quarters, or add protection to a position opened elsewhere.

Accounts and licence

Works with the accounts you already trade.

TRADOVATE

Tradovate through NinjaTrader

Trade your Tradovate account from the NinjaTrader edition. Nothing separate to install.

PROP

Prop firm accounts

It trades through whatever account NinjaTrader is connected to, evaluations included. Nothing is placed unless you press the button.

LICENCE

One licence, more than one platform

The same key runs the MotiveWave edition, with further platforms included as they are released. Two machines per licence, updates included.

Getting started

On your chart in a few minutes.

STEP 01

Buy

Choose a term or the lifetime licence. Your key and the download arrive by email straight away.

STEP 02

Import

In NinjaTrader, import the add-on from the download. The guide inside walks you through it.

STEP 03

Enter your key

Add Trade Assistant to a chart and paste the key into its settings. The same key covers a second machine and the MotiveWave edition.

Questions

Good to know.

How is this different from a NinjaTrader ATM strategy?

An ATM strategy attaches a stop and target to an order at the quantity you choose. Trade Assistant starts from the cash you are willing to lose and works the quantity out from your stop, then places the entry with its stop and target attached.

Does it work with Tradovate and prop firm accounts?

Yes. It trades through whatever account NinjaTrader is connected to, Tradovate and prop firm evaluation accounts included.

Which version of NinjaTrader do I need?

Trade Assistant is built and tested on the current NinjaTrader 8 release.

Can I use the same licence on MotiveWave?

Yes. One key runs both editions, on up to two machines, and covers further platforms when they are released.

Is there a one-off price?

Yes. Terms start at £75 for three months, or pay £200 once for a lifetime licence. One licence covers two machines and every platform edition.

Does it place trades automatically?

No. Trade Assistant never places a trade on its own. It calculates, previews and submits the orders that you trigger with a click. You stay in control of every entry and exit.

Give every NinjaTrader trade a fixed risk.

Set the cash, drag the stop, and place your next trade fully protected.

Get Trade Assistant

Also available for MotiveWave: see the MotiveWave edition.