NinjaTrader Risk Management Assistant - Lockout Suggestion

BigRol

I like this indicator. The issue is people simply just disable it when they reach their max day loss. Would it not be a good idea to include some sort of lock out period, which the user can decide to activate and choose how long they will be locked out for. It would be important that the trader can not circumvent the lock out period.

Mike

Hi, are you asking to disable the indicator, as this would not make sense as it is a risk manager and not a trading terminal?

MarlonB

What he's asking is, when someone is on tilt or upset, it's easy to go back and disable the feature to continue trading, is it possible to make changes, where lets say, a second person has to enable it from their email, or just straight out prohibit trading for a say number of hours. Otherwise , for someone who has discipline issues, when tunnel vision kicks in, withing a second a person will disable the max daily loss and continue trading. Not sure why it's such a big deal that programmers can't implement.

Carlito178

Hi my question is basically the same. I love the lock out feature, but can you make it so it locks the account until the next day or specified date/time please? Otherwise all you need to do is close and re-open Ninja to trade again. Let me know ASAP please, because the lock out feature is why I want to buy the add on. Thank you

Sophia

Hi, Carlito, we will investigate adding this feature, I am sure it is possible.

It seems that NT does not want 3rd party products blocking a user from trading, you can find the thread below.

https://forum.ninjatrader.com/forum/ninjatrader-8/strategy-development/1303860-how-to-lock-out-trader-from-submitting-orders-via-code#post1303861

You can on the other hand lock your account with your risk settings.

https://support.ninjatrader.com/s/article/How-do-I-lock-my-account-risk-settings?language=en_US

Carlito178

Hi Sophia, thank you for the quick reply. Yes please investigate and let me know what you come up with.

I've locked my account with the Ninja risk setting before, but I use proper firms and I couldn't find a way to lock the prop firm account, only the Ninja account, but you can also unlock it too "it can be “unlocked” at any time by either setting the limit to a larger value or by disabling"

Any other suggestions, please let me know. Thank you