RiskRewardPlus (Desktop Drawing Tool)
User Guide Overview:
The RiskRewardPlus drawing tool is an enhanced risk/reward ratio visualization provided by Christian Carreon of Trading Boxes, who often appears on NinjaTrader Live. It automatically calculates and displays multiple profit target ratios based on a defined risk as the tool is drawn. It extends the standard risk/reward tool by adding up to six customizable extension levels (2R through 6R) for advanced trade planning and management.

The RiskRewardPlus tool is located in the Drawing Tools - near the bottom of the list.

Core Functionality:
The tool captures two anchor points - Entry and Stop Loss - then automatically calculates and displays additional profit targets at multiples of your initial risk ratio (R). When you define your entry and stop, the tool instantly plots your primary target based on your specified ratio, plus optional extension levels for scaling out positions.

Drawing the Tool:
Click to set your Entry point
Click to set your Stop Loss point
The tool automatically calculates and displays your primary Target based on the Ratio setting
Additional extension lines (2R-6R) appear based on your input configuration

Input Parameters - General Settings: (R = Ratio)
TIP: To access the input parameters for a drawing tool, go to Drawing Tools then Drawing Objects (near the bottom)
Ratio: Sets the primary target ratio (default: 1.0)
Value Display: Choose between Price/Currency/Percent/Ticks/Pips
Show Ratios: 2R through 6R: Toggle visibility of each extension level
Define 2R through 6R Ratios: Customize the multiplier for each level (defaults: 2, 3, 4, 5, 6)
Show Dollar Values: Display P&L alongside price levels
Show Line Labels: Display "Entry", "Stop", "1R", "2R" etc. labels
Label Font: Font for line labels
Price Font: Font for price values
Extend Lines Left: Extend all horizontal lines to the left edge
Extend Lines Right: Extend all horizontal lines to the right edge
Anchor Line Color: Connecting line between anchor points
Risk Extension Color: Horizontal line at entry price
Reward Extension Line Color: Horizontal line at stop loss
Entry extension Line Color: Horizontal line at primary target
Text Alignment: Position of price labels (Off/Inside Left/Inside Right)
2R-6R Line Colors: Individual stroke settings for each extension level

How It Works: Risk Calculation:
The tool automatically calculates your risk (R) as the distance between Entry and Stop Loss prices.
Target Level Calculations:
Primary Target = Entry + (Risk)
2R Extension = Entry + (Risk * 2 Ratio) (where 2 is configurable in the inputs)
3R Extension = Entry + (Risk * 3 Ratio)
And so on for each enabled extension

Tips for Effective Use:
Set your most common ratios as defaults in a template
Use different colors for extension lines to match your trading plan
Enable dollar values when trading multiple contracts

Disclosure:
Trading involves substantial risk and the potential for loss of capital. All drawing tools and indicators are provided for educational and analytical purposes only.
This tool is provided "as-is" without warranty of any kind.
Trading futures and other financial instruments involves substantial risk
Always verify critical levels through multiple methods
Test your strategy thoroughly before live trading
The tool developer assumes no liability for trading losses
You alone are responsible for your trading decisions

You can find additional disclosure information on the NinjaTrader.com website.