Position Manager

Fast Position Management

The AlgoBox™ Position Manager is included in the suite of AlgoBox™ professional trading tools. You can add the Position Manager to any chart of your choice. It enables quick management of stop losses and targets with a single click. You no longer have to painstakingly click and drag each individual target and stop loss on the chart. In other words, it allows for easy one-click position management, which can make your trading easier, especially in fast moving markets.

AlgoBox™ Position Manager features intuitive and strategically designed buttons, providing you with seamless and easy accessibility to quickly manage your stops and targets mid-trade.

Keep in mind that for stop losses, each button's function when counting 10, 20, or 30 ticks is relative to the market's current price.

Here's an example of Each Tick Near button (1) to set targets and Stack 10 to set Stops (2).

If you click STACK 10, the Position Manager will set all stop losses on that instrument to 10 ticks away from the current price. If you have multiple stop losses and you click on STACK 10 while price is moving, it is possible that your stop losses may be each set at different prices relative to the markets moving price.

Here's a sample trading chart showing targets set to Each Tick Near and stops set to Stack 10.

EACH TICK NEAR: This button will automatically set all of your targets 1 tick apart from each other, starting at the price of your target which is currently closest to market price.

Here's an example of Every Other Tick Near button (1) to set targets and Stack 20 to set Stops (2).

If you click STACK 20, the Position Manager will set all stop losses on that instrument to 20 ticks away from the current price. If you have multiple stop losses and you click on STACK 10 while price is moving, it is possible that your stop losses may be each set at different prices relative to the markets moving price.

An example of a live trading chart showing targets set to Every Other Tick Near and stops set to Stack 20.

EVERY OTHER TICK NEAR: This button will automatically set all of your targets 2 ticks apart from each other, starting at the price of your target which is currently closest to market price.

Here's an example of Each Tick Far button (1) to set targets and Stack 30 to set Stops (2).

If you click STACK 30, the Position Manager will set all stop losses on that instrument to 30 ticks away from the current price. If you have multiple stop losses and you click on STACK 10 while price is moving, it is possible that your stop losses may be each set at different prices relative to the markets moving price.

An example of a live trading chart showing targets set to Each Tick Far and stops set to Stack 30.

EACH TICK FAR: This button will automatically set all of your targets 1 tick apart from each other, starting at the price of your target which is currently farthest from market price.

Here's an example of Every Other Tick Far button (1) to set targets and Spread to set Stops (2).

Clicking on the SPREAD button will spread out all of your stop losses evenly. You can group your stops back together again by clicking on any of the other STACK buttons.

An example of a live trading chart showing targets set to Every Other Tick Far and stops set to Spread.

EVERY OTHER TICK FAR: This button will automatically set all of your targets 2 ticks apart from each other, starting at the price of your target which currently farthest from market price.

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Position Manager Settings

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

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

1. Hotkeys

Customize your hotkeys to fit your needs. You can assign keys on your keyboard for the functions Stack 30, Each Tick Far, and Every Other Tick, and easily modify them to your preferred settings.

2. Visual Settings

Allows you to customize button colors, adjust the button placement, and modify the font and size to suit your preferences.

Button Position - Adjusts the placement of buttons on the chart, allowing for a personalized layout and accessibility.

Text Color - Changes the color of the text displayed on the buttons.

Target Button Color - Sets the color of the button used for target settings.

Stop Button Color - Defines the color of the button associated with adding stops for the stop functions.

Button Font - Modifies the font style and size of the text on the buttons, enhancing visual appeal and legibility based on user preferences.

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, 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.

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Example

Watch: The Position Manager buttons in action, toggling the 'Every Tick Near' and 'Stack 10' functions.

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Tutorial Video

WATCH: A short clip explaining the functions of the AlgoBox™ Position Manager.

Continue to: Position Details

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

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