Monitors
Learn how to set up a Monitor for each of your NT8 accounts
Last updated
Learn how to set up a Monitor for each of your NT8 accounts
Last updated
After an account has been added to NinjaTrader Account Manager (NAM), we can create a configuration for the account and then evaluate the account's session performance every 2.5 seconds against that configuration. We call this a Monitor.
One Monitor can be created for each account in your NT8.
To edit a monitor, simply click on the "Edit" button in the Actions column on the grid (shown below), which will pull up a window similar to this:
Here you can create Profit or Loss thresholds, choose options for how profit/loss is calculated, set actions for what happens when those threshold targets are hit, and set a time to auto-flatten your account.
To modify a monitor's configuration, click the Edit button on the dashboard. A pop-up identical to the Add Monitor window will appear, allowing you to modify and save changes to your monitor configuration.
When a configuration is updated and changes are Saved, they're immediately pushed down to the CrossTrade Add-On.
When a monitor reaches its intraday profit or loss threshold, it deactivates and shows a STOPPED status. This means the monitor is no longer active. To reactivate it, you can click on the restart icon that appears next to the Edit button.
Clicking on the restart button opens a pop-up similar to the Add/Edit monitor window, giving you a chance to make any changes to the monitor configuration before reactivating.
To restart a monitor after it has been triggered by hitting a profit or loss target, the new profit and loss targets must be beyond the bounds of the current total P/L calculation. So, for example, if your profit target was set at +$100 and the monitor triggered to get you at at $107.50, the new Profit Threshold must be greater than $107.50.
As soon as you click the "Restart" button, changes are saved, status is reset to ACTIVE and the monitor begins scanning again immediately.
Flipping the Enabled switch to "ON" sets the monitor to ACTIVE status and begins scanning in your NT8 account immediately (assuming the CrossTrade Add-On is connected).
Disabling a monitor stops all scanning and prevents CrossTrade from taking any action against your account. A disabled monitor also prevents auto-flattening from triggering in your account.
To delete a monitor, hover over the Actions cell for your monitor and click the X.
You will be prompted a final time if you really want to delete it. By clicking yes, the monitor is immediately deactivated.
There are 4 statuses or "states" a monitor can be in:
ACTIVE
INACTIVE
STOPPED
PAUSED
An ACTIVE monitor is actively scanning your account, looking for breaches of your profit or loss threshold levels.
INACTIVE monitors are marked because the monitor is enabled with a valid configuration, but cannot scan effectively because open positions were detected in your account at the start of the session.
STOPPED monitors have been triggered by a profit or loss threshold target being breached. All actions have been performed and the monitor has effectively been "killed" - it will no longer scan your account until either manually restarted or a new session begins.
PAUSED monitors are in a disabled state, their switches have been turned OFF.
