Advanced risk and reward - NinjaTrader | futures io social day trading
futures io futures trading


Advanced risk and reward
Updated: Views / Replies:3,622 / 18
Created: by ignacio90 Attachments:6

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 6  
 
Thread Tools Search this Thread
 

Advanced risk and reward

  #1 (permalink)
Elite Member
Madrid - Spain
 
Futures Experience: Advanced
Platform: Ninja
Favorite Futures: ES
 
ignacio90's Avatar
 
Posts: 119 since Mar 2012
Thanks: 588 given, 148 received

Advanced risk and reward

Hi @bassam,

First i want to say you thank you for your excellent indicator.
https://futures.io/download/ninjatrader-7/indicators/1538-download.html

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!!

Reply With Quote
The following user says Thank You to ignacio90 for this post:
 
  #2 (permalink)
Elite Member
Dubai, UAE
 
Futures Experience: Beginner
Platform: NT
Broker/Data: Interactive Brokers
Favorite Futures: Futures only
 
Posts: 11 since Nov 2013
Thanks: 4 given, 13 received


ignacio90 View Post
Hi @bassam,

First i want to say you thank you for your excellent indicator.
https://futures.io/download/ninjatrader-7/indicators/1538-download.html

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

Reply With Quote
The following user says Thank You to bassam for this post:
 
  #3 (permalink)
Elite Member
Dubai, UAE
 
Futures Experience: Beginner
Platform: NT
Broker/Data: Interactive Brokers
Favorite Futures: Futures only
 
Posts: 11 since Nov 2013
Thanks: 4 given, 13 received



ignacio90 View Post
Hi @bassam,

First i want to say you thank you for your excellent indicator.
https://futures.io/download/ninjatrader-7/indicators/1538-download.html

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
https://futures.io/download/ninjatrader-7/indicators/1538-download.html?view

Reply With Quote
The following user says Thank You to bassam for this post:
 
  #4 (permalink)
Elite Member
Madrid - Spain
 
Futures Experience: Advanced
Platform: Ninja
Favorite Futures: ES
 
ignacio90's Avatar
 
Posts: 119 since Mar 2012
Thanks: 588 given, 148 received

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):

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Applied in a volume ladder chart:

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).



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

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).



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:

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).



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


Last edited by ignacio90; April 2nd, 2014 at 05:16 AM.
Reply With Quote
 
  #5 (permalink)
Elite Member
Dubai, UAE
 
Futures Experience: Beginner
Platform: NT
Broker/Data: Interactive Brokers
Favorite Futures: Futures only
 
Posts: 11 since Nov 2013
Thanks: 4 given, 13 received


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):

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Applied in a volume ladder chart:

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).



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

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).



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:

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).



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.

Reply With Quote
The following user says Thank You to bassam for this post:
 
  #6 (permalink)
Elite Member
Madrid - Spain
 
Futures Experience: Advanced
Platform: Ninja
Favorite Futures: ES
 
ignacio90's Avatar
 
Posts: 119 since Mar 2012
Thanks: 588 given, 148 received

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

Reply With Quote
 
  #7 (permalink)
Elite Member
Madrid - Spain
 
Futures Experience: Advanced
Platform: Ninja
Favorite Futures: ES
 
ignacio90's Avatar
 
Posts: 119 since Mar 2012
Thanks: 588 given, 148 received

Hi @bassam,

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

Reply With Quote
 
  #8 (permalink)
Elite Member
Dubai, UAE
 
Futures Experience: Beginner
Platform: NT
Broker/Data: Interactive Brokers
Favorite Futures: Futures only
 
Posts: 11 since Nov 2013
Thanks: 4 given, 13 received


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 )?

Reply With Quote
The following user says Thank You to bassam for this post:
 
  #9 (permalink)
Elite Member
Madrid - Spain
 
Futures Experience: Advanced
Platform: Ninja
Favorite Futures: ES
 
ignacio90's Avatar
 
Posts: 119 since Mar 2012
Thanks: 588 given, 148 received


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

Reply With Quote
 
  #10 (permalink)
Elite Member
Dubai, UAE
 
Futures Experience: Beginner
Platform: NT
Broker/Data: Interactive Brokers
Favorite Futures: Futures only
 
Posts: 11 since Nov 2013
Thanks: 4 given, 13 received



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....

Reply With Quote
The following user says Thank You to bassam for this post:

Reply



futures io > > > > Advanced risk and reward

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Risk/Reward Calculator baruchs NinjaTrader 5 December 10th, 2013 06:56 AM
Export the risk in terms of Risk/Reward using Van Tharp Multiple R daniv NinjaTrader 0 October 21st, 2012 05:52 AM
Risk Reward calculation baruchs Psychology and Money Management 7 June 15th, 2011 02:06 AM
Trading ES with (1:1)...Risk : Reward hatorihanzo Psychology and Money Management 9 August 29th, 2010 10:10 AM
Poll result: Risk vs. Reward Big Mike Traders Hideout 0 June 11th, 2009 11:39 PM


All times are GMT -4. The time now is 04:40 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-18 in 0.08 seconds with 19 queries on phoenix via your IP 54.221.136.62