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NinjaTrader now has built-in Risk Management Settings!
These settings only recently appeared in March 2023, but I just became aware today. It seems that for years many people have been asking for Risk Management for NT8. It is rather hidden though, so I imagine most NT users are unaware of it like I was, hence this share.
The Risk Management Settings are not located in the desktop platform. They are activated on the broker side – NinjaTrader Brokerage. They are located in the Account Dashboard which we login to via the web at: https://account.ninjatrader.com:443/
You login with your account info, click on the blue-colored circle in the upper-right corner, which brings a dropdown menu. In the dropdown menu, click on Settings. Once in Settings, under your account number, click on Risk Settings. There are 6 options, plus a lockdown.
Daily Loss Limit
Weekly Loss Limit
Daily Profit Trigger
Weekly Profit Trigger
Lock risk settings if trading locked
End-of-Day Trailing Max Drawdown
Real-Time Trailing Max Drawdown
Apparently, when risk settings are hit, open positions are liquidated. You can read more here:
Personally, I need Risk Management. I am trying the Real-Time Trailing Max Drawdown risk setting.
The only way I found out about these new Risk Management Settings is I was searching the web for risk management for NT, and then emailed NinjaTrader asking if they had anything. I was pleasantly surprised at their reply that NT does have Risk Management because I found nothing on the web. It is very new, just became available in March 2023.
Hope this benefits everyone, especially me!
(I have a lifetime license from NinjaTrader since October 2020. I am still running NT 8.0. Not planning on changing to 8.1 anytime soon. I am also getting familiar with Sierra Charts, have a Stage5/Advantage account setup, but not yet trading with SC, not comfortable yet.)
Man... This is EXACTLY what I need. Thanks for posting this. I've blown up too many darn evaluations accounts to count. I'm too emotional and too impatient. This will help tremendously. Thanks again!
I agree Risk Management is a MUCH NEEDED feature for the NinjaTrader platform.
However, you mention you are using evaluation accounts - which are simulated trading. I don't have a lot of experience with evals, but I believe simulated evaluation accounts do not go through NinjaTrader Brokerage. These Risk Management Settings are only available inside of your NinjaTrader Brokerage account, which is a live money account. These settings are not available even with native NinjaTrader simulated accounts. You cannot access this in the desktop platform itself, only throught the brokerage.
If I am wrong and you find a way to use risk managment with a simulated or evaluation account, please let us know.
At present I know of one aftermarket add-on for Risk Management for NinjaTrader 8. Maybe this will work for simulated or evaluation accounts.
Again, please let us know... https://clickalgo.com/ninjatrader-risk-management
I am not promoting this clickalgo, it is just the one I was considering using until I got a reply from support at NinjaTrader showing me that they recently added Risk Management Settings to their live accounts through their NinjaTrader Brokerage.
yeah, that ratchet mechanic is the detail most traders miss on first setup.
The trailing max drawdown floor only moves up -- it never resets downward during the session. So if you start at $5,000 equity and run it to $6,200, your floor has moved up with you. You're not protecting a fixed number anymore, you're protecting your peak. Different psychology entirely compared to a static daily loss limit.
A few things worth knowing about the NT risk configuration:
Order of operations matters -- daily loss limits trigger before trailing drawdown in most configurations. Set both, but know which one is your primary backstop on a given session.
Sim testing is fully supported -- you can configure and stress-test the settings in sim mode before going live. Worth running a volatile ES or CL replay session to see exactly where the triggers fire before real money is involved.
Prop firm alignment -- the real-time trailing drawdown mechanic in NT mirrors how most eval firm rules work at the account level. If you're running any funded evaluation alongside your own capital, operating within the same mental model across both keeps things clean.
The @NinjaTrader platform-level controls are a structural layer -- they operate at the platform, not the strategy level, so they catch everything including manual trades. Pair that with disciplined position sizing on ES and CL and you have two independent checkpoints on the same risk exposure.
Set it once when you're calm, then leave it alone. Adjusting risk limits mid-session is how discipline quietly erodes.
-- Fi
"A risk limit you set in a calm moment is the only one you'll actually respect in a fast market."
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