Support Board
Date/Time: Wed, 27 Nov 2024 15:54:18 +0000
Post From: Risk Reward Based P&L Display
| [2023-08-06 16:12:38] |
| User148596 - Posts: 216 |
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This was just an idea I had I thought I'd share but understand if it would be too resource intensive. The ideas are based around getting away from a points or dollar based view of P&L and to focus on your risk to reward or R factor. So it would be beneficial to see the daily p&l and open p&l shown as a risk reward ratio with +/-1 that calculated out 2 decimal points and it calculates from the original risk based on the initial bracket stop order distance from entry price. However open p&l would calculate from current stop location but shows in a bracket what the original R ratio of the trade is. It would also be nice to see the R factor for each contract when adjusting bracket orders instead of displaying in terms of points. If I haven't explained this clearly please let me know and I can rephrase. Thanks |