This question is in regard to the drawdown risk setting on the Ninjatrader Risk Management Assistant. When trading futures and choosing ticks, how does one set a drawdown risk alert using the unrealized balance? Looking for it to act as a trailing drawdown alert.
Does one of the current margin options work? I have tried the default "excess intraday" and the drawdown seems to be calculated after all trades are closed. (realized PnL)
Or perhaps using the "net profit losing more than" setting and allowing that number to trail the unrealized PnL??