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Reward/Risk Drawing Tool

by Brian Brown, 1000 days ago
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The Reward/Risk drawing tool would allow you to click somewhere on a chart to define a trade entry price, stop price and a target price. It then displays the stop and distance from the entry price as well as the Reward/Risk ratio.
A value of 1 means that the based on the entry, stop and target prices, the potential profit will be equal to the potential loss.
A Reward/Risk value of 2 means that the potential profit will be three times the potential loss.

After installing this drawing item, right click on the "Bookmark Panel", select "Add Shortcut", select "Drawing Tool" from the list, click on "OK" then double click on the "RewardRisk" item.

Once added to the bookmark panel, double click on the shortcut and start defining your entry, stop and target prices by clicking on the chart.

Please note that after the Reward/Risk lines are plotted on the chart, you can update your entry, stop and target prices just by clicking on the them moving your mouse.


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Type: Custom Drawing Tool

Object ID: 1657


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Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.