I find that the Reward Risk Measure tool is very useful but the R/R number which should stay next to the Target Price is usually 5 or 6 cm further up or down the page, nowhere near the tool itself. This means I have to apply the tool then scroll to find the R/R number to see if I am in the right place.
This is obviously a defect in the tool so I was hoping the team might look into this.
cheers
Michael
Hi,
This is what i see when using the tool, all the numbers are quite close to the indicator itself, certainly not several cm away. Can you post an example of what you are seeing and which code(s) you are applying it to.
Hi Michael,
Thanks for the example, we’ll check it out.
Hi Michael,
We were using a percentage to determine the position and that obviously is different for every security. I’ll get that fixed.
All the best
Mathew
While I have you in the mood for change, I would ask you to consider this.
When we click the Enter point and the Stop point, the Risk is set as the difference.
Using the snap to feature for clicking (lock feature), the click automatically defers to the top or bottom of the bar.
In reality, our entry and stop points will always be a little above or below the bar extremes. This margin makes a difference to the actual risk and to any return calculations.
Would you consider putting in a feature whereby we could set an automatic margin that the tool will set itself to, thereby including the margins in the calculations it makes. Currently, I have to make manual or imaginary adjustments to include this. This would make a great tool perfect.
cheers
Michael
Hi Michael,
As easy as that sounds, it has some issues. We define all tools by MousePoints(MPs) with a date/time and price (x,y). The whole mechanism for following the cursor and placing the MPs is controlled in the foundations of Optuma and the MPs are sent to the tool. What that means is that I have no way to apply that adjustment. If I tried when we added the tool, then reloading it from a workbook would keep reapplying the adjustment.
What we may be able to do is add an action. I’ll add it to the schedule but can not give an eta on this one.
All the best
Mathew
The concept is always easier than the practice. Oh well.
Something I have used in the past is an External Fibonacci Tool. So I set the retracements to +1.10 and -1.10 for Stop and Entry, then another at 2.3 which is then the 1:1 position. And other larger ones are included at the other targets.
In my mind it would be something like that. But what do I know.
Thanks for looking at it.
cheers
Michael
