The Reward Risk Measure allows you to calculate Stop, Entry and Profit Target levels of a trade. In the example below, the risk is 8.88% ($6.00) with a potential reward of 14.9% ($10.09). The Reward Risk Ratio is 1.68 (10.09 / 6).
Hello,
Can you please make it easier to use this tool. For example the stop loss and exit take profit levels are dragged first from Stop to Entry To Take Profit.
Why can’t it be easier, so I simply select my entry level, then my TP and SL can be simply percentage or dollar value gains.
Why on earth am I dragging from stop loss level. This causes a head ache as say I want to stop loss at 1%, the curse moves so fast its hard to get the 1% level without hitting a few pips or points either side and I waste my time fumbling around.
And secondly, if I select the wrong bar for the stop loss, when I go down to select the entry level or bar for entry and I’m off by a bar or I want to move it slightly, it cannot be moved.
Can you model TradingView please. Or at least make some improvements to this version.