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Looking for a tool to quickly ascertain R Multiple of a potential trade setup
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Looking for a tool to quickly ascertain R Multiple of a potential trade setup

  #1 (permalink)
Elite Member
New York, NY/USA
 
Futures Experience: Intermediate
Platform: TS 9.1, NT7
Broker/Data: Tradestation , Mirus/Zen-Fire
Favorite Futures: TF CL GC 6E ES FESX, NG, ZN
 
Posts: 9 since Jan 2013
Thanks: 15 given, 5 received

Looking for a tool to quickly ascertain R Multiple of a potential trade setup

Greetings -
Interested in acquiring an ELD or other tool that would allow me to ascertain Reward to Risk (R Multiple) of a potential trade setup by clicking at different points on the chart. Does such a product exist? It would let me click at level of potential entry, level of stop loss and level of target price to quickly gauge anticipated R Multiple of the trade. Thanks.

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  #2 (permalink)
Elite Member
Northern Germany
 
Futures Experience: Intermediate
Platform: NT
Favorite Futures: FDAX, CL
 
vvhg's Avatar
 
Posts: 1,583 since Mar 2011
Thanks: 1,016 given, 2,807 received

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mr11 View Post
Greetings -
Interested in acquiring an ELD or other tool that would allow me to ascertain Reward to Risk (R Multiple) of a potential trade setup by clicking at different points on the chart. Does such a product exist? It would let me click at level of potential entry, level of stop loss and level of target price to quickly gauge anticipated R Multiple of the trade. Thanks.

Here you go:

https://futures.io/download/vip_elite_circle/1249-download.html?view

or

https://futures.io/download/ninjatrader-7/indicators/846-download.html?view

vvhg

Hic Rhodos, hic salta.
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The following 3 users say Thank You to vvhg for this post:
 
  #3 (permalink)
Elite Member
New York, NY/USA
 
Futures Experience: Intermediate
Platform: TS 9.1, NT7
Broker/Data: Tradestation , Mirus/Zen-Fire
Favorite Futures: TF CL GC 6E ES FESX, NG, ZN
 
Posts: 9 since Jan 2013
Thanks: 15 given, 5 received

follow up question to VVHG's reply -


VVHG,

Thanks for the links.

Is there a way to port either of those tools into tradestation or is there a similar tool available for use on tradestation charts?

Regards,
MR11

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  #4 (permalink)
Elite Member
Northern Germany
 
Futures Experience: Intermediate
Platform: NT
Favorite Futures: FDAX, CL
 
vvhg's Avatar
 
Posts: 1,583 since Mar 2011
Thanks: 1,016 given, 2,807 received


mr11 View Post
VVHG,

Thanks for the links.

Is there a way to port either of those tools into tradestation or is there a similar tool available for use on tradestation charts?

Regards,
MR11

As I really don't know anything about tradestation you would have to find someone else to answer that question...

Vvhg

Hic Rhodos, hic salta.
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