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Real time risk reward indicator


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Real time risk reward indicator

  #1 (permalink)
 Grantx 
Reading UK
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Does anyone know of a risk reward indicator that moves with price? The current one with Ninjatrader 8 is nice but something that moves in real time with current price level would be handy.
Thanks

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  #2 (permalink)
 SpeculatorSeth   is a Vendor
 
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Do you want the risk to just be a set amount, or based on something else like the last pivot?

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  #3 (permalink)
 Grantx 
Reading UK
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TWDsje View Post
Do you want the risk to just be a set amount, or based on something else like the last pivot?

A fixed amount. So basically just a green and red line above and below the current price that moves on each price change.

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  #4 (permalink)
theblacksheep
Austin, TX
 
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I would also be interested in this. Not sure who will see this reply or if this will be redirected to a new thread.

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  #5 (permalink)
TradeSaber
Toronto, Canada
 
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This may be what you need. Took from part of something else I'm working on.

-Works for Stocks and Futures.

-It will plot a Green Line for Entry and a Red Line for your Stop.

-You can select your Max Loss inside the parameters.

-Change between Long/Short/Hidden

-Select the range of the candles you want to use.
See video for explanation: >> youtu.be/dJMPdXIZRTs << Still new to this forum, not allowed to post links :/

-It also Automatically updates your Order QTY Window so you don't even have to waste time changing it.

Hope it helps

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  #6 (permalink)
jrekt
San Antonio, TX
 
Posts: 6 since Nov 2022
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TradeSaber View Post
This may be what you need. Took from part of something else I'm working on.

-Works for Stocks and Futures.

-It will plot a Green Line for Entry and a Red Line for your Stop.

-You can select your Max Loss inside the parameters.

-Change between Long/Short/Hidden

-Select the range of the candles you want to use.
See video for explanation: >> youtu.be/dJMPdXIZRTs << Still new to this forum, not allowed to post links :/

-It also Automatically updates your Order QTY Window so you don't even have to waste time changing it.

Hope it helps

welcome dre, good to see you.

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Last Updated on December 5, 2022


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