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Advanced risk and reward

  #1 (permalink)
 
Kaimu's Avatar
 Kaimu 
Madrid - Spain
 
Experience: Advanced
Platform: Ninja
Trading: ES,NQ
Posts: 315 since Mar 2012
Thanks Given: 883
Thanks Received: 346

Hi @bassam,

First i want to say you thank you for your excellent indicator.


I like the feature to move the information, very nice. Using it i found some bugs and i want to let you know.

when my chart is empty and the indicator is on, if i write a normal line the indicator plots the entry point too. When you have the indicator running with all lines, then you can write any other line without problems.

I want to add others suggestions looking at the self description for the indicator, "advanced" that in my case can improve your indicator and maybe can help others too. Only are suggestions because there are work on them and will be in your side if you want to add them or not, but i will be glad if you want to do it

1. Changes size contracts without need to go to properties indicator window, maybe adding some position sizing based on dollar risk ammount.
2. made the lines off/on if you don't want to see them
3. Add the possibility to use more targets lines, for scaling management
4. Plan execution

The last one i think can be nice feature because with this indicator you can plan a trade, but what about to have the option for execute this plan?

Thank you for your time and for your nice work!!

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  #2 (permalink)
 bassam 
Dubai, UAE
 
Experience: Beginner
Platform: NT
Broker: None
Trading: Futures only
Posts: 11 since Nov 2013
Thanks Given: 4
Thanks Received: 13


ignacio90 View Post
Hi @bassam,

First i want to say you thank you for your excellent indicator.


I like the feature to move the information, very nice. Using it i found some bugs and i want to let you know.

when my chart is empty and the indicator is on, if i write a normal line the indicator plots the entry point too. When you have the indicator running with all lines, then you can write any other line without problems.

I want to add others suggestions looking at the self description for the indicator, "advanced" that in my case can improve your indicator and maybe can help others too. Only are suggestions because there are work on them and will be in your side if you want to add them or not, but i will be glad if you want to do it

1. Changes size contracts without need to go to properties indicator window, maybe adding some position sizing based on dollar risk ammount.
2. made the lines off/on if you don't want to see them
3. Add the possibility to use more targets lines, for scaling management
4. Plan execution

The last one i think can be nice feature because with this indicator you can plan a trade, but what about to have the option for execute this plan?

Thank you for your time and for your nice work!!

Thanks for your feedback.

Probably "Advanced" is bit much for the simple calculations there
I'll try to incorporate your suggestions to add more credibility to the name

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  #3 (permalink)
 bassam 
Dubai, UAE
 
Experience: Beginner
Platform: NT
Broker: None
Trading: Futures only
Posts: 11 since Nov 2013
Thanks Given: 4
Thanks Received: 13



ignacio90 View Post
Hi @bassam,

First i want to say you thank you for your excellent indicator.


I like the feature to move the information, very nice. Using it i found some bugs and i want to let you know.

when my chart is empty and the indicator is on, if i write a normal line the indicator plots the entry point too. When you have the indicator running with all lines, then you can write any other line without problems.

I want to add others suggestions looking at the self description for the indicator, "advanced" that in my case can improve your indicator and maybe can help others too. Only are suggestions because there are work on them and will be in your side if you want to add them or not, but i will be glad if you want to do it

1. Changes size contracts without need to go to properties indicator window, maybe adding some position sizing based on dollar risk ammount.
2. made the lines off/on if you don't want to see them
3. Add the possibility to use more targets lines, for scaling management
4. Plan execution

The last one i think can be nice feature because with this indicator you can plan a trade, but what about to have the option for execute this plan?

Thank you for your time and for your nice work!!

Hi Ignacio,

Please check it after the update, so far I incoporated 2 points from your suggestion, and in general the indicator now
much better I think
- P.s.: give please more details about point 3 and 4 and 5 for me to check

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  #4 (permalink)
 
Kaimu's Avatar
 Kaimu 
Madrid - Spain
 
Experience: Advanced
Platform: Ninja
Trading: ES,NQ
Posts: 315 since Mar 2012
Thanks Given: 883
Thanks Received: 346

Hi @bassam,

Thank's again, your work is excellent. Let me say you what i found using the new release:

Applied in a normal chart (candle):



Applied in a volume ladder chart:




About the others points let me explain you with a chart the point 3:




About point 4 and 5 i think you can forget this request. Is about the execution of the plan but doing the execution with the ATM on ninja can be easy to do it, too.
My last request and in this case is a personal request:

Is possible to made the lines more shorter on the left side? i add a photo showing you that and showing you wich can be a potential look of the indicator with this request apllied:




I don't have enough thank's buttons for say you how i apreciatte your work and effort. Sorry if my request are giving you some headaches, but this is what have knowing nothing about programming

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  #5 (permalink)
 bassam 
Dubai, UAE
 
Experience: Beginner
Platform: NT
Broker: None
Trading: Futures only
Posts: 11 since Nov 2013
Thanks Given: 4
Thanks Received: 13


ignacio90 View Post
Hi @bassam,

Thank's again, your work is excellent. Let me say you what i found using the new release:

Applied in a normal chart (candle):



Applied in a volume ladder chart:




About the others points let me explain you with a chart the point 3:




About point 4 and 5 i think you can forget this request. Is about the execution of the plan but doing the execution with the ATM on ninja can be easy to do it, too.
My last request and in this case is a personal request:

Is possible to made the lines more shorter on the left side? i add a photo showing you that and showing you wich can be a potential look of the indicator with this request apllied:




I don't have enough thank's buttons for say you how i apreciatte your work and effort. Sorry if my request are giving you some headaches, but this is what have knowing nothing about programming

Hi Ignacio, thanks again for your feedback

I'll look for your points again and see what I can change.

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  #6 (permalink)
 
Kaimu's Avatar
 Kaimu 
Madrid - Spain
 
Experience: Advanced
Platform: Ninja
Trading: ES,NQ
Posts: 315 since Mar 2012
Thanks Given: 883
Thanks Received: 346

Hi @bassam,

i use it in non interactive mode. I was playing more with it and i discover that the R:R change to red to green depending if it's bigger than 1.5 or smaller. Nice do it!

Thank you again

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  #7 (permalink)
 
Kaimu's Avatar
 Kaimu 
Madrid - Spain
 
Experience: Advanced
Platform: Ninja
Trading: ES,NQ
Posts: 315 since Mar 2012
Thanks Given: 883
Thanks Received: 346

Hi @bassam,

Let me know if you have been doing any progress. Thank you for your work and efforts on that

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  #8 (permalink)
 bassam 
Dubai, UAE
 
Experience: Beginner
Platform: NT
Broker: None
Trading: Futures only
Posts: 11 since Nov 2013
Thanks Given: 4
Thanks Received: 13


ignacio90 View Post
Hi @bassam,

Let me know if you have been doing any progress. Thank you for your work and efforts on that

Yes I've been working on that since then ....

I wanted to ask you,
# how do you use those two extra target lines? is it required to have R:R for those lines ?
# Why would you need shorted lines ( because you can simple switch of the lines ) ? what about autohide option ( when it reaches the right side of the chart
it disappear )?

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  #9 (permalink)
 
Kaimu's Avatar
 Kaimu 
Madrid - Spain
 
Experience: Advanced
Platform: Ninja
Trading: ES,NQ
Posts: 315 since Mar 2012
Thanks Given: 883
Thanks Received: 346


bassam View Post
Yes I've been working on that since then ....

I wanted to ask you,
# how do you use those two extra target lines? is it required to have R:R for those lines ?
# Why would you need shorted lines ( because you can simple switch of the lines ) ? what about autohide option ( when it reaches the right side of the chart
it disappear )?


Hi @bassam

thxs for your work in that. I use more than 1 target and i scale at specific areas. This is why i want this extra target lines. I use like a maximum 3 target areas. shorted lines is because i write on my charts and seems to be more cleaned if i can have this lines on the right side only. This last is a personal preference really, doesn't matter if not possible.
the last question about autohide i don't know if can be useful or not. Really i don't understand so much the functionality, because the indicator have a hide button.

Seems that this will be a really advanced risk and reward indicator

Thank's again

Started this thread Reply With Quote
  #10 (permalink)
 bassam 
Dubai, UAE
 
Experience: Beginner
Platform: NT
Broker: None
Trading: Futures only
Posts: 11 since Nov 2013
Thanks Given: 4
Thanks Received: 13



ignacio90 View Post
Hi @bassam

thxs for your work in that. I use more than 1 target and i scale at specific areas. This is why i want this extra target lines. I use like a maximum 3 target areas. shorted lines is because i write on my charts and seems to be more cleaned if i can have this lines on the right side only. This last is a personal preference really, doesn't matter if not possible.
the last question about autohide i don't know if can be useful or not. Really i don't understand so much the functionality, because the indicator have a hide button.

Seems that this will be a really advanced risk and reward indicator

Thank's again

Is R:R required for all target lines? let's say T1 R:R 1 to 3 , T2 R:R 1 to 3.5, T3 R:R 1 to 4....

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