Overview
FixedRiskSizer is a NinjaTrader 8 chart indicator that automatically calculates and applies an optimal position size based on a
fixed dollar risk and a
user-defined stop-loss level.
Key Features
- Fixed Dollar Risk Control
Calculates position size so that total risk per trade does not exceed a predefined USD amount (e.g., $200).
- Draggable Stop-Loss Line
Uses a horizontal, user-movable stop line on the chart to dynamically recalculate risk and quantity.
- Real-Time Updates
Recalculates position size on every tick and whenever the stop line is moved.
- Automatic Chart Trader Integration
Updates the Chart Trader quantity selector automatically with the calculated contract size.
- Bid/Ask-Aware Entry Logic
Uses bid or ask price depending on whether the trade is long or short relative to the stop.
- On-Chart Display
Shows the calculated risk and recommended quantity directly on the chart.
