APX Re:SL
Free
Note: After purchasing, the download link will be only valid for 30 days.
Optimize Your Risk Management with Dynamic Stop Loss Recommendations
The APX Re:SL indicator is a real-time risk management tool that dynamically calculates and displays recommended stop loss levels based on the current session's volatility. By providing traders with clear, data-driven stop loss suggestions, it helps protect capital and optimize trade outcomes.
Key Features:
Dynamic Stop Loss Calculation: Automatically adjusts stop loss recommendations based on the session's volatility.
Point & Dollar Value Display: Shows recommended stop loss levels in both points and contract dollar values for precise risk assessment.
Customizable Display: Allows users to select the text location on the chart for optimal visibility.
Clear Session Data: Provides at-a-glance information on session high, low, and range.
Easy Integration: Seamlessly integrates with NinjaTrader 8 charts.
How It Works:
APX Re:SL monitors the session's high and low to calculate the current session range. It then determines recommended stop loss levels based on session volatility, displaying these levels in both points and dollar values. This dynamic adjustment ensures that stop losses are appropriately sized relative to market volatility.
Ideal For:
Traders of all levels seeking to improve their risk management practices.
Those who trade volatile instruments and need dynamic stop loss adjustments.
Traders looking for a quick, visual reference for setting stop loss orders.
NinjaTrader 8 users who want a hassle-free stop loss recommendation tool.
Advantages:
Simplifies stop loss placement by providing data-driven recommendations.
Adapts to changing market conditions for more effective risk management.
Reduces emotional decision-making in stop loss placement.
Offers clear, concise information directly on the chart.
Limitations:
Stop loss recommendations are based solely on session volatility and do not consider individual trade setups or risk tolerance.
Users should always consider their own risk tolerance and trade plan when setting stop loss orders.