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Open Feature request MC-2300

Risk/reward drawing tool similar to long/short position on TradingView

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As a manual trader, I like to use a tool that visually indicates the entry level, the risk and the potential reward of a trade.

Your long/short position tool on TradingView.com does just that and it also tracks the current trade and displays the current profit/loss & risk/reward which is great.

However it lacks a few things:

1) possibility to set entry level and stop-loss level and calculate/display targets based on the risk
2) display multiple calculated targets (I personally like to display 2:1, 2.7:1, and 3:1 levels)
3) ability to freely move the targets manually and recalculate the profit/loss
4) auto calculate the position size depending on risk amount or percentage (set manually in settings), entry level, and stop-loss level
5) ability to lock the tool and automatically place entry/stoploss and target orders according to the tool's levels

Here's a great video of a risk/reward tool for NinjaTrader 8 with almost all the features except the trading part: Your text to link here...

It would be great if Multicharts.net had the same long/short position tool with the above mentioned tweaks.

Comments (2)
user-offline.png  Michael B (michael b)
Nov 22, 2017 - 11:42

Excellent request! I am also waiting for a good risk management management on MC.

user-offline.png  mika971 (mika971)
Feb 15, 2021 - 22:30

This tool is available for the standard version of multicharts:


I can send you a demo version if you are interested.

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    user-offline.png  esbee (esbee)
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