Position Details

Know Your Potential Profit And Loss At All Times

The AlgoBox™ Position Detail indicator displays the amount of unrealized tick count and monetary profit and loss for the targets and stops on submitted orders.

In this example, the targets are set to 24 ticks with a total potential profit of $1205.00 and the stops are set at -11 ticks with a total potential loss of -$595.00.

This tool allows you to manage your positions without having to repeatedly mentally calculate the math, saving your mental bandwidth for more important trading tasks, such as trade execution.

In this example the targets are set to 53 ticks with a potential profit of $2675.00 and the stops are set at -22 ticks with a potential loss of -$1125.00.

The AlgoBox™ Position Detail indicator can be added to any chart of your choice.

In this example we have a green Shark Back harmonic pattern with targets set to 22 ticks at a potential profit of $1105.00 and the stops are set behind the PRZ at -11 ticks with a potential loss of -$595.00.

Remember to set your Chart Trader visible to see your order tags and Position Detail tags.

In this example we have a red Shark HMD with targets set to 21 ticks or a potential profit of $1070.00 and the stops are set behind the PRZ at -12 ticks with a potential loss of -$630.00.

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Position Details Settings

Below is an overview of the Position Details Settings available in the indicator menu.

The Position Details offers a variety of customizable settings, allowing you to adjust them according to your preferences. Shown here are the default AlgoBox™ settings.

1. Calculations

Allows you to control how frequently the Position Details indicator recalculates. The Calculation sets the frequency of these calculation cycles. Customization allows for greater control over data update rates.

Calc Override - Default setting is unchecked. Check this setting to customize and utilize Calc Interval.

Calc Interval - Set your custom desired calculation interval. The smaller the number, the more frequently the indicator will recalculate, which increases processing load on your system's CPU. The default setting of 1000 is in milliseconds, which is equal to 1 second. If you wanted the Position Details to calculate every half second (twice as fast as default 1000ms), then you would enter 500 in this field.

2. Visual Settings

Visual Settings provide a visual overview with settings for Show all, Tick Count, and PnL. Show all displays the relevant information of the PnL along with current Tick Count , Tick Count tracks the number of ticks for the position, and PnL indicates the profit or loss in real-time.

Show All - Provides a comprehensive overview of the Position Detail indicator, displaying key information such as the Profit and Loss (PnL) and the current Tick Count.

Tick Count - Tracks the number of ticks that have occurred for the current position.

PnL (Profit and Loss) - Displays the real-time profit or loss of the current position.

3. Data Series

Displays the current chart instrument, contract date and configurations applied.

Input Series - This setting determines which chart the indicator is displayed on, linking the indicator to the selected chart data.

4. Setup

Allows you to add a label on the chart, set the maximum bars to look back, and configure calculations based On Price Change, On Bar Close, or On Each Tick.

On Price Change - updates the indicator only when there is a change in the instrument's price.

On Bar Close - updates whenever a new bar closes, recalculating based on the finalized bar data to reflect the latest market conditions and changes in trends. Be mindful of whether you are using AlgoBars or range bars. This is the default setting for this indicator.

On Each Tick - updates with every price change or tick in the market, providing real-time adjustments and reflecting the most current data. This is the most CPU intensive setting.

5. Visuals

Allows you to customize button colors, adjust the button placement, and modify the font type and size to suit your preferences. The Visual Settings shown are default settings which usually do not need to be changed unless specified in release notes or instructional video, live stream or on Discord etc. Auto scale is recommended to be unchecked.

Auto Scale - Automatically adjusts the indicator’s scale to fit within the chart’s price axis, ensuring it’s properly visible without manual adjustments.

Displacement - Shifts the indicator's plot forward or backward on the time axis. This setting is useful for aligning the indicator with price bars or other chart elements, especially in cases where you want to visualize future or past data relative to the current price.

Display in Data Box - Determines whether the values are shown in the Data Box, which is an on-screen display that provides detailed information about the current values when you hover over or click on the chart.

Panel - Specifies which panel or sub-panel the indicator is displayed in on the chart. Indicators can be placed in separate panels above or below the main price chart, allowing for organized and uncluttered visualization of multiple indicators.

Price Markers - Controls the display of markers or symbols on the price axis associated with the indicator's values. This setting helps highlight specific price levels or events directly on the price chart for better visibility and analysis.

Scale Justification - Determines where the indicator is positioned on the price scale, such as to the right or left side of the chart.

Visible - Toggles the overall visibility of the indicator, allowing you to hide or show it on the chart as needed.

Note: All settings displayed in the settings image are the current default configurations provided with the AlgoBox™ Pro software, and may change at any time in future software updates without notice.

Continue to Button Panel.

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Only available on AlgoBox™ for NinjaTrader 8. Try AlgoBox™ for free today.

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