Support Board
Date/Time: Thu, 17 Jul 2025 10:30:54 +0000
Can order lines (especially OCO orders) show risk-reward?
View Count: 30
| [2025-07-15 18:32:55] |
| neevaksama - Posts: 23 |
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I understand there are several similar posts (some even very popular like Risk Reward Tool) but mine is slightly different. I'm not looking for risk-reward tool to implement orders. I'm simply looking for orders lines to show my RR, i.e just like how it shows profit/loss in ticks or points, I would much rather just see the RR. There was a post here: Risk reward tool for new position which said RR can be seen but that option only shows the actual ticks. Currently, the process of placing orders is tedious and error-prone: 1. I have to draw >=1 Risk-Reward drawings (for people using multiple targets, more RR drawings) and then place orders aligning with those drawings 2. Modifying those orders is troublesome as that means moving the drawings around which is tedious as the drawings are stacked on top of the order line. This either means repeated failure to click properly those drawings OR clicking the orders accidentally and moving them OR moving other drawings nearby. Needless to say, I have missed bunch of entries or wrong targets because of trying to update RR before updating order lines. Please do advise if I'm missing out or is Risk reward ratio next to chart trading order assocation lines? | Post: 159607 from 2018 the latest information on it? |
| [2025-07-15 19:13:07] |
| John - SC Support - Posts: 40942 |
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There have not been any changes to this since that time. But, there are easier ways to get what you want other than what you are doing. In particular, a custom study that gives access to the working order prices will allow you to calculate the Risk/Reward for each working order and then display that as you want on the chart. You can go further and use the custom study to do everything you want. It all depends on how comfortable you are either programming or paying for someone to do the programming. Refer to the following: Automated Trading From an Advanced Custom Study: Getting Order Information https://www.sierrachart.com/index.php?page=doc/SierraChartStudyAndSystemProgrammers.php For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
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