Support Board

Date/Time: Sun, 19 May 2024 05:43:52 +0000

Post From: Targets as multiples of risk (i.e. 1R, 2R, etc)

[2019-05-25 15:45:37] Link To Thread - Link To Post [Go To First Post]
Yoda - Posts: 106
I have gone through the documentation on the Trade Window and cannot figure out how to set an entry price, a stop limit price and then have SC calculate targets as multiples of the risk. For example: AMZN is currently at 1828 and I would like to trade it long using a: a. Buy Stop Limit @ 1832 (enter when price hits 1832) b. Stop Limit @ 1822 (stops out once in the trade and price moves down to 1822) c. Have the system automatically place a target at 1852. Which in this case is calculated based on 2 times the risk (1832 + (2 x (1832 - 1822))) Current issues: 1. It does not appear possible to enter in a stop limit price i.e. 1822 in the Main tab of the Trade Window. I only see options to set a stop offset in the Targets tab. Each of my trades have different stops, so using stop offsets do not work; and 2. I cannot find the option to have SC calculate the targets based on multiples of risk. If the above is possible, can someone please refer me to the documentation. If the above is not possible, I ask that SC please consider adding this to the program.