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maxr

Adaptive Position Sizing for NT?

By maxr, in NinjaTrader

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maxr    10

maxr
Posted (edited)

Does anyone know of a way to incorporate adaptive position sizing (APS from now) into NT? That's a money management technique where the size of your next trade trade is calculated on current account size, logical initial stop loss for this trade. and a preset parameter you specify - the most common is probably maximum % risk per trade. So - account size is X (picked up from your account, or user input), Max preset loss is Y% (user input), logical stop loss for this trade is Z pips/points (placed on the chart in Chart Trader), and the platform automatically works out your trade size.

 

The effect is to automatically increase trade size in line with account size when you're doing well and reduce it if you hit a losing patch.

 

It would be great if this could be incorporated into something that works like the NT Chart Trader window, where you could fill in your max risk per trade and have it calculate your trade size automatically. I heard that there is a commercial Strategy available that effectively replaces the NT Chart Trader window, but I can't find it.

 

I know it's easy to have a little XL sheet to work this out, but having it just pop up in e.g. the Chart trader window would be much quicker and surer.

 

Thanks, Max

Edited by maxr

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