[amibroker] Re: Simple Risk/Reward ratio on chart

["brian_z111" <brian_z111@xxxxxxxxx>]

Hello kujax3si,

There is no need for a special tool.

The whole point of AB is to allow us to customise whatever we want 
(that is the payoff for the extra difficulty in learning AB cf to other 
programs).

This is quite easy to do.

It would be to big a job for me to give you a detailed example right 
now.

One way I have done this in the past is to plot my profit stop as an 
upper band and my stop loss as a lower band.

I have used something like:

UpperBand = MA(C,15) + MA((StandardDev,Periods),15);
LowerBand = MA(C,15) - MA((StandardDev,Periods),15);

Reward = UpperBand - entry price;
Risk = Entry Point - Lower Band;

This is a very crude example.

It all depends on how you define reward and risk.

IMO you are better off working in % change (as per my comments on 
expectancy in other posts) and I consider reward/risk as a compound 
calculation involving Wins/Losses and ave%won/ave%Lost but other 
traders us risk/reward in other ways and have a different definition to 
me.

brian_z



--- In amibroker@xxxxxxxxxxxxxxx, "kujax3si" <kujax3si@xxx> wrote:
>
> Is there currently a AFL or coding to get Amibroker to display
> Risk/Reward based upon two static price points that you choose 
manually?
> 
> For example, I draw a line for entry, a line for stop loss target and
> profit target.  It will then calculate based upon my entry what the
> risk/reward ratio is given the stop loss and profit target I select.
> 
> Or does anyone know of a simple tool that does this calculation very
> quickly?
> 
> If it isnt available in Amibroker, I thought it would be a very useful
> add-on so that people don't have to go to another "outside" tool.
>




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