Challenge Tool by Futures.Robby

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.