Download software Tutorial videos
Subscription & data-feed pricing Class schedule


New account application Trading resources
Margin rates Stock & option commissions

Attention: Discussion forums are read-only for extended maintenance until further notice.
Welcome Guest, please sign in to participate in a discussion. Search | Active Topics |

Drawing R/R Lines - Multiple Horizontal Lines Equal Distance Apart - Quick Method? Rate this Topic:
Previous Topic · Next Topic Watch this topic · Print this topic ·
neil.galloway
Posted : Monday, April 29, 2013 12:43:08 PM
Registered User
Joined: 5/3/2011
Posts: 7

I use an exit strategy that works using multiples of the risk/reward multiples.

For example, I set a stop loss and my entry price - stop price dictates my risk.  I then draw lines in multiples up from there.  If my risk was 50 cents and I purchased at $4.33, then I draw lines at $4.83, $5.33, $5,83, and so on.  I adjust my stop based on rules I use when it crosses various lines.

I know some trading softare allows you to draw this very quickly...you just click on the entry price and drag down to the stop price and it auto draws all the R/R lines above it going all the way up.

Is there a similar method to get this in TC2000?  The Fibonacci Retracement exhibits the exact workflow I'm wanting, I just want to draw the lines in a different manner. 

Currently, I have to put each horizontal line on myself...click on the line and edit the price to get it spot on and then repeat.  Takes a short time...but still kind of annoying.  Fibonacci would also allow me to draw it and then edit it to set each line to exactly the value I want which is still a bit annoying.

 

Bruce_L
Posted : Monday, April 29, 2013 12:55:15 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

There is not a quick and easy way to do this currently. Thank you for your suggestion.



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
Users browsing this topic
Guest-1

Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.