Auto Position Size, Risk-Reward Trade Tool
“Draw your trade directly on the chart, set your entry and stop-loss levels visually, and instantly see the correct position size based on your chosen dollar or percentage of account size risk.”
Watch the tool in action
Designed for traders who want to trade with a fixed-risk approach while keeping the workflow fast, visual, and disciplined.
Plan the trade.
Size the position.
Submit with confidence.
Manual position sizing slows traders down.
You see a trade setup forming, you know where your entry should be, you know where your stop should go, but then you still have to calculate the correct position size. How many contracts? How much risk? Where is 1R? Where is 2R? What happens if the stop is wider than usual?
That calculation delay can lead to hesitation, mistakes, oversized trades, missed entries, or emotional decision-making.
The Auto Position Size - Risk Reward Trade Tool for NinjaTrader is designed to solve that problem.
It allows you to draw your trade directly on the chart, set your entry and stop-loss levels visually, and instantly see the correct position size based on your chosen fixed dollar risk or percentage of account size.
No calculator. No spreadsheet. No guessing.
Just a clear trade plan on the chart before the trade is placed.
How the tool works
The workflow is simple.
First, draw the tool on the chart.
Click once at the planned entry price, then click again at the stop-loss price.
The tool immediately calculates the trade size from your risk settings.
For example, if your risk is set to $150, the tool calculates how many contracts, shares, or forex units fit that risk based on the distance between your entry and stop.
It then displays the trade size, risk amount, stop level, and reward levels directly on the chart.
You can show 1R, 2R, and 3R levels, or customise the reward ratios to match your trading style.
Once submitted, the tool places the entry order, and when the entry fills, it submits the protective stop and target orders.
Demonstration Video
This video details how the tool works and goes over the various settings. Audio is used so it’s advised to use speakers or headphones to listen in.
Auto Position Size - Risk Reward Trade Tool
Additional Information and Benefits
Built for fixed-risk trading
Many traders know they should control risk, but position sizing is often where mistakes creep in.
A stop that is only slightly wider than normal can change the correct position size dramatically.
The Auto Position Size tool keeps the risk calculation connected to the actual chart setup.
Move the stop further away, and the calculated trade size reduces.
Move the stop closer, and the trade size adjusts.
This helps traders keep risk consistent from trade to trade, even when market conditions and stop distances change.
Key benefits
The Auto Position Size - Risk Reward Trade Tool helps traders:
calculate position size directly from the chart,
avoid manual calculator work,
control risk more consistently,
see reward levels before entering,
plan stops and targets in advance,
reduce hesitation during fast-moving setups,
follow a more structured trade process,
use optional partial exits and breakeven stop movement,
and trade with clearer visual feedback.
The goal is not to predict the market.
The goal is to help the trader plan and manage risk more clearly.
Helps reduce hesitation and calculation errors
When a setup appears, traders often have limited time to act.
Manually calculating position size can interrupt the trading process at the worst possible moment.
This tool helps remove that friction.
It allows the trader to focus on the quality of the setup, the entry location, the stop location, and the reward potential — rather than trying to calculate contract size under pressure.
For discretionary traders, this can make the trade planning process faster, clearer, and more consistent.
Display Settings
The tool can be fully visually configured with text coloring and background labels as you wish, to fit in with your charting style.
Who this tool is for
This tool is designed for NinjaTrader users who want a faster and more disciplined way to plan and execute fixed-risk trades.
It is useful for:
futures traders,
forex traders,
stock traders,
discretionary intraday traders,
traders who scale out at targets,
traders who want consistent dollar or account size risk,
traders who want to reduce position-sizing mistakes,
traders who prefer visual chart-based trade planning.
Downloadable user guide with purchase
After purchase you’ll also get a full PDF user guide.
The guide explains the tool settings, position sizing, forex configuration, trading buttons, trade management options, partial exits, breakeven movement, and example use cases.
Note: Please read the guide and test the tool thoroughly in NinjaTrader simulation mode before using it with a live account.
Disclaimer — Automated Trading Software & Risk Disclosure
ExciteIQ provides software tools, indicators, drawing tools, trade-management utilities, and automated execution tools for use with trading platforms, including NinjaTrader. ExciteIQ does not provide financial advice, investment advice, trading signals, trade recommendations, managed trading services, broker services, account management, or any regulated financial products or services.
Some ExciteIQ software may be capable of submitting, modifying, cancelling, or managing orders within a trading platform or brokerage-connected account based on settings, actions, rules, buttons, alerts, calculations, or configurations chosen by the user. All trading actions, software settings, order parameters, position sizes, entry prices, stop levels, targets, trailing stops, automation rules, and risk settings are initiated, selected, reviewed, and controlled solely by the user.
ExciteIQ software is a technical utility only. It does not independently assess whether any trade is suitable, advisable, profitable, or appropriate. It does not guarantee correct order placement, execution, fill price, risk amount, profit target, stop-loss behaviour, or trading outcome.
Automated and semi-automated trading involves additional risks. Orders may be placed, modified, duplicated, delayed, rejected, filled partially, filled at unexpected prices, or not filled at all. Software behaviour and execution may be affected by platform settings, broker rules, exchange rules, account permissions, market data quality, instrument specifications, tick values, margin requirements, chart type, user configuration, latency, internet connection, computer performance, server availability, third-party platform issues, or other factors outside ExciteIQ’s control.
Users are responsible for testing all software thoroughly in simulation, replay, demo, or non-live environments before using it with a live trading account. Users must verify all calculations, order quantities, stop levels, target levels, account settings, and automation behaviour before placing or allowing any live trade to be placed.
Trading futures, forex, CFDs, options, stocks, cryptocurrencies, and other financial instruments involves significant risk of loss. Leveraged products can result in rapid losses and may not be suitable for all traders. Only risk capital should be used for trading. Past performance is not indicative of future results.
Hypothetical, simulated, demonstration, or back-tested results have inherent limitations and do not represent actual trading. No representation is made that any user, trader, account, strategy, or software configuration will achieve profits, avoid losses, or produce results similar to any examples shown.
By purchasing, installing, enabling, or using ExciteIQ software, the user acknowledges that all trading decisions and trading outcomes remain entirely their own responsibility. ExciteIQ shall not be responsible for trading losses, missed profits, platform failures, broker execution issues, configuration errors, data issues, connectivity problems, or any financial loss arising from the use or misuse of the software.
Please read our full Risk Disclosure, Terms of Service, and any product-specific documentation before purchasing or using any ExciteIQ software.