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Open Feature request MC-2550

Visual tool for "risk/reward ratio" calculator

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Description

hello

One of the biggest problems I have, is discerning the "risk/reward ratio" of a trade, before entering it. I would love to know in advance, if its going to be: 1:1, 1:2, 0.5:1, etc..

Recently, I saw a video demonstration of another trading platform. they have a very simple, but extremely effective tool.

here is how it works: you click on a price, then two "zones" appear. one zone represents your "take profit" and one zone your "stop loss". you can change the size of these zones in order to see if the intended trade is worth entering into.

I think this tool is probably the MOST important tool a trader needs.

I love MULTICHARTS and would love to have it added. (I have an image of this tool, but do not know how to upload it .)

Thank you for your consideration.

Comments (2)
#1
user-offline.png  portocar (portocar)
Jan 26, 2019 - 01:01
#2
user-offline.png  mika971 (mika971)
Feb 15, 2021 - 22:31

Hi,
This tool is available for the standard version of multicharts:

https://www.marketmastercoder.com/risk-management-tool-multicharts/
https://www.marketmastercoder.com/produit/risk-management-tool-basic/
https://www.marketmastercoder.com/produit/risk-management-tool-advanced/

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

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