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

["brian_z111" <brian_z111@xxxxxxxxx>]

Possibly you could use the new cursor function if you want to 
dynamically enter the stops.

brian_z


--- In amibroker@xxxxxxxxxxxxxxx, "brian_z111" <brian_z111@xxx> wrote:
>
> 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@> 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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