Emotional Manager for NinjaTrader 8

More complete parameters adaptable to the way you trade

The current version of the Emotional Manager includes additional controls that allow you to adapt each template to your trading plan more precisely:

• Allowed instruments: You can restrict trading exclusively to the instruments that form part of your strategy and automatically block any other instrument. This helps prevent errors and trades in markets that you have not tested properly.
• Open-trade or closed-trade analysis: For daily, weekly and per-trade loss or profit limits, you can choose whether the Emotional Manager should also consider the temporary result of open positions or only the final result of trades that have already been closed.
• Greater control over schedules and news: You can decide whether an open position should be closed when an allowed trading period ends or when a news restriction begins. You can also allow the position to remain open without losing the restriction on new trades.

  

• Traditional and dynamic daily limits: The traditional maximum daily loss or profit uses the balance at the beginning of the day as its reference. Additionally, the dynamic maximum daily loss can use the highest closed balance reached during the day, causing the limit to rise after closing profitable trades and helping you protect the profits earned.

  

• Weekly limits: You can control the accumulated loss or profit for the entire trading week, which begins on Sunday at 6 PM New York time. The accumulated weekly result can also be viewed in each account’s information. If you stop protection and later start it again, the weekly calculation will restart from zero.
• Total, winning and losing trades: The total trade limit counts every closed trade, regardless of whether it was a winning, losing or breakeven trade. For the winning and losing trade limits, you can also establish a minimum amount and prevent trades that ended almost at breakeven from being considered a relevant result.
• Maximum loss and maximum profit per trade: These rules evaluate each trade independently, regardless of the accumulated result for the day. When the configured limit is reached, the account is locked for 1 minute.
• Greater control over contracts: The contract limit can use one quantity for mini instruments and a different quantity for micro instruments. If the limit is exceeded, the Emotional Manager will close all open trades in the account and lock it for 1 minute.
• More customizable wait times: You can define how many minutes the lock should last after a win or loss, how often it should be applied based on the number of trades, and whether the lock will affect only the traded instrument or all instruments.
• Rules checklist: You can create different trade types and require that, before a new trade, compliance with all the rules of at least one of those types is confirmed. This reduces improvised entries and requires reviewing the plan before trading. After the trade ends, the checklist resets so that it must be completed again before the next trade.

  

• Greater ATM order protection: You can lock the movement of stops, targets or both, and decide whether you want to prevent movements in favor of the trade, movements against the trade, or both types of movement. The first 5 seconds remain available to prevent incompatibilities with systems that need to initially place or adjust the orders.

  

If you would like more information about how the parameters work, use the following link: Click here to see more details about the parameters available in the Emotional Manager