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

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Updated June 16, 2013

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

June 15th, 2013, 10:34 AM	#1 (permalink)
mr11 New York, NY/USA Elite Member 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.

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June 15th, 2013, 10:38 AM

#2 (permalink)

vvhg

Northern Germany

Experience: Intermediate

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Trading: FDAX, CL

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mr11

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://nexusfi.com/download/vip_elite_circle/1249-download.html?view

or

https://nexusfi.com/download/ninjatrader-7/indicators/846-download.html?view

vvhg

Hic Rhodos, hic salta.

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Thanked by:

Big Mike, calitrader, hypertrader

June 15th, 2013, 10:57 PM	#3 (permalink)
mr11 New York, NY/USA Elite Member 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

June 16th, 2013, 04:12 PM

#4 (permalink)

vvhg

Northern Germany

Experience: Intermediate

Platform: NT

Trading: FDAX, CL

Posts: 1,580 since Mar 2011

Thanks Given: 1,016

Thanks Received: 2,826

mr11

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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Last Updated on June 16, 2013

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