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Risk versus Reward indicator
Started:May 29th, 2013 (01:54 PM) by danjuma Views / Replies:1,572 / 0
Last Reply:May 29th, 2013 (01:54 PM) Attachments:2

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Risk versus Reward indicator

Old May 29th, 2013, 01:54 PM   #1 (permalink)
Elite Member
London, UK
Futures Experience: Beginner
Platform: NinjaTrader, IB TWS
Broker/Data: IB, Kinetic
Favorite Futures: Stocks, Forex
Posts: 96 since Nov 2011
Thanks: 47 given, 16 received

Risk versus Reward indicator

Hello good people,

I would be most grateful if somebody could modify the attached MT4 indicator so that it works/calculates correctly with brokers that provide 5 decimal places feed (it works correctly for 4 decimal places). For example, in the attached image, the entry price is 1.29186 and the target price is 1.28923. The difference in pips should be 26.3, but the indicators calculates it as 263, thereby calculating the wrong lot size. I will also be grateful if a nano lot option could be added. Currently, the indicator has options only for micro, mini and standard lots.

Many thanks.

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Register to download File Type: mq4 Risk vs Reward Ratio.mq4 (8.0 KB, 39 views)
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