NexusChartTrader FAQ
Welcome to the NexusChartTrader FAQ page. Here you'll find detailed explanations for every setting and button to help you master your new trading panel.
Part 1: Configuration Settings (Indicator Properties)
These are the settings you configure in the main "Indicators" window in NinjaTrader before applying the tool to your chart.
Group 1: Verification
Q: What is the "User Email" setting for?
A: This is a required field for license verification. Your indicator will not function without a valid email that is registered to a license. This also links your license to your unique machine ID for security, preventing unauthorized use.
Group 2: Trading Setup
Q: What does the "Account" setting do?
A: This sets the initial trading account that the panel will be active on when you first load the indicator. You can always change the active account later directly from the panel's dropdown menu.
Q: What is "Entry Quantity"?
A: This is the default number of contracts or shares for your initial entry order when you click the main BUY or SELL buttons. You can change this on the fly using the "ORDER QTY" selector on the panel itself.
Q: How does "Stop Loss Dollars" work?
A: This is a key risk management feature. You define your maximum acceptable loss for a trade in dollars (e.g., 200). The indicator then automatically calculates the correct stop-loss price based on your entry quantity to ensure your risk never exceeds this dollar amount. For example, a $200 risk on a 1-contract trade will have a wider stop than a $200 risk on a 4-contract trade.
Q: What is "Max DCA Count"?
A: This sets the maximum number of times you can use the "DCA" (Dollar-Cost Averaging) feature for a single trade. For example, if set to 2, you can click the DCA button twice to add to your position. After the second DCA, the button will be disabled for the remainder of that trade.
Q: What does "DCA TP % of Main TP" mean?
A: When you add to a position using DCA, this setting determines the take-profit (TP) target for those added contracts. It's a percentage of your main TP. For example, if your main TP is 20 ticks and this is set to 50%, the TP for the DCA contracts will be placed at 10 ticks from your new average entry price. This allows for quicker profits on the added contracts.
Group 3: Take Profit Templates
Q: What are "TP Ticks 1", "TP Ticks 2", etc.?
A: These four settings allow you to define the values for your one-click Take Profit template buttons on the panel. For example, you could set TP Ticks 1 to "20", TP Ticks 2 to "10", TP Ticks 3 to "40", and TP Ticks 4 to "80". The corresponding buttons on the panel will then let you instantly switch between these profit targets.
Group 4: Account Rotation & Risk
Q: What does "Enable Rotation" do?
A: This is a powerful feature for traders with multiple accounts (e.g., prop firm traders). When enabled, after a trade is closed on the current account, the panel will automatically switch to the next eligible account in your list, saving you from having to do it manually.
Q: What are "Daily Profit Threshold" and "Max Daily Loss"?
A: These are your primary daily risk parameters. If an account's realized P/L for the day reaches the "Profit Threshold" or drops to the "Max Daily Loss", the system will automatically halt trading on that account for the day. If rotation is enabled, it will then switch to the next account. Set to 0 to disable.
Q: What is "Daily Trade Limit Per Account"?
A: This sets the maximum number of trades you can take on a single account per day. Once the limit is reached, trading is halted for that account. This count is saved even if you restart NinjaTrader.
Q: What are the "Skip Account" settings used for?
A: These allow you to exclude up to four specific accounts from the automatic rotation logic. This is useful for accounts that are paused, under evaluation, or that you simply don't want to trade with the automated rotation.
Group 5: UI & Interaction
Q: What does "Panel Title" change?
A: This allows you to customize the title displayed at the very top of the NexusChartTrader panel.
Q: What is "Click Mode Timeout (Seconds)"?
A: When you activate "Click Buy" or "Click Sell" mode, this setting determines how long the mode stays active before automatically turning off. This prevents accidental orders if you forget to disable it.
Q: What do the "BUY/SELL/CLOSE Button Order Type" settings do?
A: These let you define the default order type for the main action buttons. You can choose from:
- Market: Executes immediately at the current market price.
- Bid: Places a limit order at the current best bid price.
- Ask: Places a limit order at the current best ask price.
Q: What is "Entry Limit Order Timeout"?
A: This applies ONLY when using the BUY/SELL buttons to place a limit order (at the Bid or Ask). If the limit order is not filled within the selected number of seconds, the indicator will automatically cancel it for you, preventing unwanted fills long after the setup is gone. Set to "Indefinite" to disable this.
Part 2: On-Chart Panel UI Elements
These are the interactive buttons, selectors, and displays on the panel itself.
Main Actions & Displays
Title Bar ("NEXUS TRADER")
Shows the panel's title. It will display "VERIFYING..." on startup and "VERIFICATION FAILED" in red if your license is invalid.
BUY / SELL Buttons
The primary buttons to enter a long or short trade with the configured quantity and order type.
CLOSE x Button
The "emergency" button. It cancels all working orders AND flattens any open position for the current instrument across all connected accounts. Use this for an immediate, full exit from risk.
CANCEL Button
Immediately cancels all working orders for the current instrument on all accounts. It does not touch your open position. This is useful for clearing pending TP or SL orders without exiting your trade.
SL ($) Dropdown & ORDER QTY Selector
These allow you to change your dollar-based stop loss value and default entry quantity on the fly without reloading the indicator.
Trade Modification & Click Trading
🖱️ BUY / 🖱️ SELL Buttons
Activates "Click Trading" mode. Clicking 🖱️ BUY enables you to left-click on the chart to place a buy limit/stop order. Clicking 🖱️ SELL enables you to place a sell limit/stop order. This mode will automatically disable after the timeout period you set in the properties.
BE (Break-Even) Button
When you are in a position, clicking this button will instantly move your stop loss to your average entry price, making the trade risk-free.
x TP (No Take-Profit) Button
When activated, this will cancel all existing take-profit orders, allowing your trade to run. Click it again to deactivate it and re-apply the currently selected TP template.
DCA (Dollar-Cost Average) Button
When in a position, click this to add one contract/share to your position at the current market price. The system will automatically update your average price and all associated TP/SL orders.
TP Template Buttons (e.g., "13 TP", "8 TP")
These four buttons allow you to instantly change your active take-profit target based on the tick values you defined in the indicator settings.
Account Control & Information
Account Selector Dropdown
This shows all your connected NinjaTrader accounts. Use it to manually select which account you want to trade with. The panel will automatically disable trading if the selected account hits a daily limit.
NEXT → Button
Manually triggers the account rotation logic, switching to the next eligible account.
+ SKIP » Button
Adds the currently selected account to your "Skip List" (filling the first available slot in the indicator properties) and immediately rotates to the next account. This is a quick way to sideline an account for the day.
Information Displays (Balance, Trades, Live Position)
The bottom of the panel provides an at-a-glance dashboard showing the selected account's balance, daily trade count, and live position details (direction, quantity, and average entry price) when a trade is active.