Need Risk Management Sofware

Discussion in 'Risk Management' started by tradervol, Aug 15, 2007.

  1. tradervol


    Was curious to know whether any of you have the programing wherewithal to develop
    stop loss based on a chosen dollar value loss in ninja trader, tt Trader or Pats

    For example, if I wanted to risk $500 or 5% on equity and once my trade
    positions hit the dollar or percentage level all trades are automatically stoped out. And no
    matter what trades are subsequently executed they too are automatically
    and immediately blown out since the maximum day level risk has been hit.

    Trading will commence only when a new day starts or when the clearing firm broker
    resets a new day equity run into Ninja Trader, or whatever other plaform.

    Let me know if this is possible.

    lastly, is it possible to construct a password protected security measure
    that would enable the risk manager to reset the trading software to allow new trades.

    My goal is to develop a program that will force traders out when losses are hit
    and there is no possibility from their computers to open new trade positions.

    Thank you kindly,
  2. Are you seeking to pay someone to develop it, or looking for a freebie?
  3. tradervol


    Indeed, you get what you pay for, I'm looking to pay for a superior and innovative programing software, if possible.
  4. kmdguy


    Hi there, I don't know if this is exactly what you're looking for, but TradeLogger is a free program I wrote which helps in money management.