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Position Tool

Plan complete trades directly on the chart — entry, stop-loss, up to 6 take-profit targets with R:R ratios, scale-out percentages, live order execution, and push alerts.

On this page

01 — Position Setup

Core trade settings — direction, risk calculation, target calculation, and how many targets to show.

PropertyDefaultDescription
Number of Targets1How many take-profit targets to display (1–6).
Risk MethodFixed_sizeHow position size is calculated from risk. See options below.
Risk Value1The risk input — dollar amount, percentage, or fixed contracts depending on the selected option.
Target MethodRR_RatioHow target levels are calculated. See options below.

Position Direction

  • Long
  • Short

Risk Calculation Options

  • Fixed_size
  • Dollar_risk
  • Percent_of_account

Target Calculation Options

  • RR_Ratio
  • Fixed_ticks
  • Fixed_dollar
  • Price_level

02–07 — Targets (1–6)

Each target has the same set of properties. The target group only appears in the properties panel when Number of Targets is ≥ that target's number.

PropertyDefault (T1)Description
Target Price0Exact price level for this target (when Target Calculation is set to Price_level).
Target RatioVaries (1–6)Risk/Reward ratio for this target (when Target Calculation is set to RR_Ratio). E.g. 2.0 = 2R.
Target TicksVariesFixed ticks from entry (when Target Calculation is set to Fixed_ticks).
Target DollarVariesFixed dollar profit per contract (when Target Calculation is set to Fixed_dollar).
Scale Out %100Percentage of the position to close at this target.
Tip: The default R:R ratios for targets 1–6 are 1R, 2R, 3R, 4R, 5R, 6R. Adjust the ratios to match your trading plan. Scale-out percentages across all targets should sum to 100%.

08 — Entry Line

PropertyDefaultDescription
Entry Line ColorDarkGoldenrodColor of the entry price line.
Entry Line Width2Entry line thickness (1–10).

09 — Risk / Stop Line

PropertyDefaultDescription
Risk Line ColorIndianRedColor of the stop-loss line.
Risk Line Width2Stop-loss line thickness (1–10).

10 — Reward / Target Line

PropertyDefaultDescription
Reward Line ColorForestGreenColor of the target lines.
Reward Line Width2Target line thickness (1–10).

13 — Visible Info

Control what data is displayed alongside the position lines.

PropertyDefaultDescription
Show PricetrueShow the price at each level.
Show Risk/Reward RatiotrueShow the R:R for each target.
Show TicksfalseShow ticks from entry to each level.
Show DollarfalseShow dollar P&L at each level.
Show QuantityfalseShow position size.
Font Size11Text font size (6–36).
Text AlignmentRightWhere text appears relative to the lines: Left or Right.

Text Alignment

  • Left
  • Right

14 — Line Extension

PropertyDefaultDescription
Default Line Length (px)175Initial pixel width of the position lines.
Extend Lines RighttrueExtend all lines to the right edge of the chart.
Show Connecting LinetrueDraw a vertical line connecting entry to stop and targets.

17 — Order Execution

Submit live orders directly from the position drawing. Requires a connected NinjaTrader account.

PropertyDefaultDescription
Entry Order TypeLimitOrder type for the entry. See entry order types below.
Stop Order TypeStopLimitOrder type for the stop-loss. See stop order types below.

Entry Order Types

  • Limit
  • Market

Stop Order Types

  • StopMarket
  • StopLimit
Caution: Submitting orders from a drawing tool will place real trades with real capital if using a live account. Always double-check your settings and use SIM first.

18 — Order Alerts

PropertyDefaultDescription
Enable Order AlertstrueNotify when orders are filled, rejected, or cancelled.
Use PushoverfalseSend push notifications for order events.
Pushover User Key""Pushover user key.
Pushover API Token""Your Pushover API token.
Pushover SoundpushoverNotification sound on your device. See sound options below.