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Risk versus Reward indicator


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Risk versus Reward indicator

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 danjuma 
London, UK
 
Experience: Beginner
Platform: NinjaTrader, IB TWS
Broker: IB, Kinetic
Trading: Stocks, Forex
Posts: 98 since Nov 2011
Thanks Given: 47
Thanks Received: 16

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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Last Updated on May 29, 2013


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