Challenge Tool by Futures.Robby

10월 20일

Challenge Tool by Futures.Robby
This tool is designed specifically for traders participating in Futures Challenges (e.g., Topstep, Apex, FundedNext) using the NQ/MNQ (Nasdaq 100) contracts. It provides a visual and numerical overview of risk and profit target management.

Key Features:
Dynamic Level Calculation: Calculates and visualizes key price levels directly on your chart, based on your current account metrics.

Challenge Integration: Automatically derives your Profit Target and Liquidation (Drawdown Limit) levels from your current account balance, starting capital, and challenge requirements.

Trade Visualization: Displays your current Entry, Take-Profit (TP), and Stop-Loss (SL) levels as configurable horizontal lines.

Two Operating Modes:

'Challenge' (Default): Automatically sets TP and SL as the required distance to the global Challenge Target and Liquidation Limit (divided by the number of contracts). This is ideal for determining the necessary price movement for your trade.

'Fix + Challenge': Allows you to manually input TP and SL distances in Points/Ticks/Dollars, while also displaying the global Challenge Target and Liquidation levels for context.

Information Table (HUD): A customizable table displays all relevant metrics in real-time (e.g., Entry Price, TP/SL Levels, Account Targets, Liquidation Levels, etc.).

Contract Table: Shows the Points/Ticks distance required for 1 to 10 contracts (Mini NQ and Micro MNQ) to reach the Challenge Goal or hit the Liquidation Limit.

Candle Size Monitor: Measures the average and maximum candle size over a specified lookback period to help gauge current market volatility.

Configuration:
The indicator is highly customizable via the Settings menu. You can configure:

Your current Account Balance, the Liquidation Distance (Liq. Dist.) of the challenge, and the Goal amount.

Whether the entry price is set manually ('Fix') or automatically ('Auto') based on the current market price.

The Number of Contracts and the Contract Type (Mini/Micro) you are trading.

The position, size, and color scheme of the Information Table.

The visibility of every line and table element.

Note: This tool is solely for visualization and risk calculation; it does not execute trades. It serves as a valuable aid for disciplined risk management in your NQ/MNQ Futures trading.

10월 25일

릴리즈 노트

Challenge Tool by Futures.Robby
Specialized risk and position size management for futures challenges using NQ/MNQ contracts

This tool is designed for traders participating in prop trading challenges (e.g., Topstep, Apex, FundedNext) who trade Nasdaq-100 contracts (NQ or MNQ). It provides an integrated visual solution for planning, analyzing, and monitoring trades in the context of challenge requirements — specifically the profit target and maximum drawdown limit.

Features Overview

1. Dynamic Price Level Calculation

Trade Levels: Displays entry, take-profit (TP), and stop-loss (SL) as configurable horizontal lines on the chart.

Challenge Levels: Visualizes the price levels at which the overall challenge target is reached or the liquidation threshold is crossed.

2. Two Operating Modes for TP/SL Logic

Challenge Mode: TP and SL are automatically calculated based on the challenge inputs and visualized according to the selected contract type and quantity. This results in a view that shows how likely it is to complete the challenge — or potentially fail it — with the current contract setup.

Fix + Challenge Mode: TP/SL are entered manually (in points, ticks, or dollars), while the global challenge levels (target and liquidation) are shown for context. This mode is ideal for trades with a fixed risk-reward ratio. The display — combined with the Candle Size Monitor — helps assess whether the planned trade aligns with current market conditions and the status of the challenge.

3. Information Dashboard (HUD) Displays all relevant metrics in real time: entry price, TP/SL distances and levels, target and liquidation account values. Fully customizable: position, colors, visibility, font size.

4. Contract Scenario Table Calculates the required point or tick distance for 1 to 10 contracts (Mini NQ and Micro MNQ) to reach the challenge target — and shows the distance to the liquidation threshold. The display can be automatic based on the symbol or manually controlled.

5. Candle Size Monitor Shows the average and maximum candle size over a configurable period. Since visual perception of volatility can be distorted by zooming or stretching the chart, this monitor helps objectively assess actual market movement — regardless of whether candles appear small or large. This supports better judgment of whether current volatility fits the planned trade structure and chosen risk.

Logic and Technical Concepts

Dynamic Unit Conversion: Automatically converts between dollars, points, and ticks — based on contract type (Mini = $20/point, Micro = $2/point) and quantity.

Reverse Mapping of Challenge Levels: Financial target and drawdown values are converted into price levels: Price Level = Entry Price ± (Distance in USD / (Value per Point × Contract Quantity))

Automatic Contract Detection: The tool reads the symbol to determine whether NQ or MNQ is being traded and adjusts calculations accordingly.

Code Protection and Closed-Source Justification

This script is published as closed-source because it offers original functionality and is not a reproduction of any publicly available tool.

Uniqueness and Logic Integration The protection is based on the integrated and reverse-calculated logic chain tailored for challenge traders:

It combines specialized business logic to dynamically calibrate TP/SL ratios for a single trade in relation to global P&L requirements of a prop challenge.

It automatically accounts for contract quantity and type.

There is no public script that: a) derives TP/SL levels from all three challenge financial parameters b) adjusts those levels dynamically based on contract quantity c) combines all this with a candle size monitor and contract scenario table in a single, modular HUD

Protection of Technical Innovation The source code is the result of months of development, testing, and optimization of proprietary algorithms for dynamic unit conversion and P&L level mapping. Closed-source publication protects the structural integrity and conceptual uniqueness of this solution.

Input Field Translations (German → English)

Start Kurslevel (Fix): Start Price Level (Fixed)
Start Kursbasis: Start Price Basis
TP / SL: Take-Profit / Stop-Loss Distance
Einheit: Unit (Points, Ticks, or Dollar)
Art: Mode (Challenge or Fix + Challenge)
Anzahl Kontrakte: Number of Contracts
Kontrakttyp: Contract Type (Auto, Mini, Micro)
Kontostand: Account Balance
Liq. Distanz: Liquidation Distance
Start: Challenge Starting Capital
Ziel: Challenge Profit Target
Ziel Linienfarbe/Stil/Dicke: Goal Line Color/Style/Thickness
Liq. Linienfarbe/Stil/Dicke: Liquidation Line Color/Style/Thickness
Tabellenposition: Table Position
Schriftgröße: Font Size
Hintergrundfarbe (Beschriftung/Werte): Background Color (Labels/Values)
Textfarbe: Text Color
Kontrakt-Headerfarbe: Contract Header Text Color
Trennstil: Row Separator Style
Sichtbarkeit (Linien/Tabelle): Visibility (Lines/Table)

HUD Row Translations (German → English)

Kursbasis: Price Basis
Eingabeart: Input Mode
Kontrakttyp: Contract Type
Richtung: Direction
Start Kurslevel: Start Price Level
TP Distanz: TP Distance
TP Kurslevel: TP Price Level
SL Distanz: SL Distance
SL Kurslevel: SL Price Level
Ziel Kontostand: Goal Account Balance
Ziel Kurslevel: Goal Price Level
Liq. Distanz: Liquidation Distance
Liq. Kurslevel: Liquidation Price Level
Liq. Kontostand: Liquidation Account Balance
Ø Kerzen: Average Candle Size
Max. Kerze: Maximum Candle Size
Kontrakte / Punkte: Contracts / Points