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Indicator that plots " Acual " P/L in cents and dollars....
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Indicator that plots " Acual " P/L in cents and dollars....

  #1 (permalink)
Membership Temporarily Revoked
Memphis,TN
 
Futures Experience: Advanced
Platform: ThinkorSwim,FXCM, Ensign Software
Broker/Data: ThinkorSwim, FXCM
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Indicator that plots " Acual " P/L in cents and dollars....

Good Afternoon,

I am going to try and word this as best as possible, and hopefully not confuse everybody ( including myself ) lol

What I am looking for, is a way to toggle up and down on my charts by either using my CrossHair or something similar that will ...... show me in actual Dollar and Cent amounts, what the Risk will be if I were to place my stop at certain price points.

With trading the Futures, some of the contracts are calculated down to the smallest of increments ( .001 and .01 cent ).... such as RBOB , Heating Oil , Natural Gas , Ethanol and Copper

a .001 cent move on both RBOB and Heating Oil is $42 ...... change it to .01 cents, and that's a $420 risk ( quite large, depending on account size of course )

I would like to be able to know these totals with the simplicity of moving my mouse ( crosshair ) above and below my entries , and know what my Actual Risk will be in cents and dollars, if I were to place my stop at various price points.

Trying to save myself some Calculator time you could say

Any help would be much appreciated
Thanks - Michael

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  #2 (permalink)
Market Wizard
Houston, TX
 
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mdsvtr View Post
With trading the Futures, some of the contracts are calculated down to the smallest of increments ( .001 and .01 cent ).... such as RBOB , Heating Oil , Natural Gas , Ethanol and Copper

a .001 cent move on both RBOB and Heating Oil is $42 ...... change it to .01 cents, and that's a $420 risk ( quite large, depending on account size of course )

Maybe just a typo but RBOB & Heat are both 42,000 Gallon contracts with a tick size of $0.0001.
Hence the minimum price change is $42 but a 1c move is $4200 not $420

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  #3 (permalink)
Elite Member
Sydney, NSW Australia
 
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I think I know what you mean.

There are some indicators out there that improve the ruler tool and allow it to show $ movement, between two points, so that might be helpful.

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  #4 (permalink)
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TraderFish,

I was wondering please, what platform you trade off of ?

I trade on TorS , and they do not have a " Ruler " tool .... I think the closest thing to it, is the Fib. extension tool
Except, I can not figure out how to get this tool to show the ( $ movement )

Thanks for the help

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  #5 (permalink)
Elite Member
Sydney, NSW Australia
 
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Ah sorry didn't realise that. I use ninjatrader. Good luck working it out.

Sent from my SM-G925I using Tapatalk

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  #6 (permalink)
Elite Member
Michigan, Jackson
 
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If you google you may find something like this for NT. What exists for the platform(s) you use, you would need to search.

https://www.ninjacators.com/products/position-sizer/

Ken


mdsvtr View Post
Good Afternoon,

I am going to try and word this as best as possible, and hopefully not confuse everybody ( including myself ) lol

What I am looking for, is a way to toggle up and down on my charts by either using my CrossHair or something similar that will ...... show me in actual Dollar and Cent amounts, what the Risk will be if I were to place my stop at certain price points.

With trading the Futures, some of the contracts are calculated down to the smallest of increments ( .001 and .01 cent ).... such as RBOB , Heating Oil , Natural Gas , Ethanol and Copper

a .001 cent move on both RBOB and Heating Oil is $42 ...... change it to .01 cents, and that's a $420 risk ( quite large, depending on account size of course )

I would like to be able to know these totals with the simplicity of moving my mouse ( crosshair ) above and below my entries , and know what my Actual Risk will be in cents and dollars, if I were to place my stop at various price points.

Trying to save myself some Calculator time you could say

Any help would be much appreciated
Thanks - Michael


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The following user says Thank You to COTtrader for this post:
 
  #7 (permalink)
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Memphis,TN
 
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Posts: 232 since Sep 2010
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Hi Ken,
Thanks for posting the link to NinjaTrader's Position sizer

I have attached a screenshot showing Exactly what I'm looking for..... it is in NinjaTrader

I currently am using TorS , and would love to find something similar for the TorS platform


Thanks much

Attached Thumbnails
Indicator that plots " Acual " P/L in cents and dollars....-2015-06-04-21_57_00-greenshot-image-editor.png  
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  #8 (permalink)
Membership Temporarily Revoked
Memphis,TN
 
Futures Experience: Advanced
Platform: ThinkorSwim,FXCM, Ensign Software
Broker/Data: ThinkorSwim, FXCM
Favorite Futures: Futures, Forex, Options
 
mdsvtr's Avatar
 
Posts: 232 since Sep 2010
Thanks: 853 given, 28 received

Forgot to add .....

can someone tell me how to get this PnL side screen opened on Ninjatrader ( as shown in the screenshot from my most recent post ) ?

I just opened a Demo account with NT

Thanks again

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