NexusFi: Find Your Edge


Home Menu

 





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


Discussion in TradeStation

Updated
    1. trending_up 2,134 views
    2. thumb_up 3 thanks given
    3. group 2 followers
    1. forum 3 posts
    2. attach_file 0 attachments




 
Search this Thread

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

  #1 (permalink)
 mr11 
New York, NY/USA
 
Experience: Intermediate
Platform: TS 9.1, NT7
Broker: Tradestation , Mirus/Zen-Fire
Trading: TF CL GC 6E ES FESX, NG, ZN
Posts: 9 since Jan 2013
Thanks Given: 15
Thanks Received: 5

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.

Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
ZombieSqueeze
Platforms and Indicators
Request for MACD with option to use different MAs for fa …
NinjaTrader
NexusFi Journal Challenge - April 2024
Feedback and Announcements
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Retail Trading As An Industry
58 thanks
Battlestations: Show us your trading desks!
55 thanks
NexusFi site changelog and issues/problem reporting
48 thanks
What percentage per day is possible? [Poll]
31 thanks
GFIs1 1 DAX trade per day journal
29 thanks

  #2 (permalink)
 
vvhg's Avatar
 vvhg 
Northern Germany
 
Experience: Intermediate
Platform: NT
Trading: FDAX, CL
Posts: 1,583 since Mar 2011
Thanks Given: 1,016
Thanks Received: 2,824


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:



or



vvhg

Hic Rhodos, hic salta.
Reply With Quote
The following 3 users say Thank You to vvhg for this post:
  #3 (permalink)
 mr11 
New York, NY/USA
 
Experience: Intermediate
Platform: TS 9.1, NT7
Broker: Tradestation , Mirus/Zen-Fire
Trading: TF CL GC 6E ES FESX, NG, ZN
Posts: 9 since Jan 2013
Thanks Given: 15
Thanks Received: 5


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

Started this thread Reply With Quote
  #4 (permalink)
 
vvhg's Avatar
 vvhg 
Northern Germany
 
Experience: Intermediate
Platform: NT
Trading: FDAX, CL
Posts: 1,583 since Mar 2011
Thanks Given: 1,016
Thanks Received: 2,824


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.
Reply With Quote





Last Updated on June 16, 2013


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts