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Registered User
Joined: 1/11/2009
Posts: 36
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Does anyone know where I could get a GOOD risk calculator to make it easier for me to set-up my trades, Thanks
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Registered User
Joined: 2/5/2006
Posts: 1,148
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never heard of it myself.
are your trades that complicated that you need a special calculator?
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Registered User
Joined: 4/18/2005
Posts: 4,090
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I have a screen name on Free trading videos.
if yo send me a PM I can get you a coppy of mine. It's pretty simpel to create them in excell however.
Basicaly set it up so that the entry price minus your stop price is less than (by some function say 2:1) the entry to your target price and then you can say that figure will be X percent of total cash capital and then you get a risk based positioin sizing also.
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Registered User
Joined: 10/7/2004
Posts: 2,126
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QUOTE (bronxz) Does anyone know where I could get a GOOD risk calculator to make it easier for me to set-up my trades, Thanks
Sure I know, but I can't say here - you know.
Risk Reward Calculations:
Current Capital
Default Capital Percent to Risk
Amount of Capital at Risk
Default Stop Loss Percent
Recommended Stop Loss Price
Recommended # of Shares to Buy
Trade Risk Dollars
Trade % of Capital At risk
Trade Price Objective Profit/Loss
Risk Reward Ratio
At Work Dollars
At Work % Risk
Trading Log
Account Calculations:
Starting Capital
Current Capital
Open Trades Risk
Open Trades Price Objective
Open Trades Risk Percentage
Open Trades Risk/Reward
Open Capital At Work
Percent of Capital at work
Actual Total Profit/Loss
Per Trade Calculations:
Account Risk
% of Capital At risk
Price Objective
Price Objective Profit/Loss
Risk Reward Ratio
Actual Profit/Loss
Capital
Capital At Work % P/L
Capital At Work % Risk
# of Wins
# of Losses
Open Trades Risk
Open Trades Price Objective
Profit/Loss
Open Trades Dollars at Work
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Registered User
Joined: 10/7/2004
Posts: 2,181
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What kind of risk calculation are you looking for?
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Registered User
Joined: 10/7/2004
Posts: 264
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EXCEL?
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Registered User
Joined: 8/6/2008
Posts: 6
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FREE = http://www.tonyoz.com/ozcalc.htm
Open several on desktop and use tabs, adjust inputs to achieve required ratio
Not affiliated with site
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Registered User
Joined: 6/24/2006
Posts: 15
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Wow, you guys are sophisticated traders. I've never seen anything like that. I just look at the charts and draw lines to plot entry/exit points. I'll have to study this Risk Calc business. Thanks for the link, Showme!
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Registered User
Joined: 4/18/2005
Posts: 4,090
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yes sorry .. bad typist.
I love Excel. I have put togeatehr a workbook that gives me the order entries depending on input for price parameters and support resistance.. tells me my risk reward in percentages, actual dollars and I select a percentage risk to addopt .. which I fluxuate depending on myperformance .. dial it back when I suck and turn up the heat (gradualy and methodicaly) when i'm doing well. I try to dial back at a faster rate than I turn up the heat.
Selecting the fixed % risk .. in this case .005 X total cash (no margine now either) and the spread sheet tells me how much to buy also.
later the numbers frommy trade diary page are carried fwd to a trade log page with an equity line and grpahs of my performance.
All done in excell. I wan't to put the sortable columns in and the quick study stuff in .. so that I can pull up a study off all the issues with the same ticker or all the issues with notes on what ever.. or count how many had notes on the TSV column that read "good" and were loosers or winners. but I haven't had time for that then upgraded to Excel 2007 and everythign is moved around and changed on me.
Grpahics are cooler for charts (that I don't use) however.
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Registered User
Joined: 4/18/2005
Posts: 4,090
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| Longs |
| % R |
0.50% |
BUY |
SELL |
Prev Dys |
Sprt |
Risk to |
Last |
Sprt |
| TICKER |
# shrs |
STOP |
LIMIT |
STPMKT |
HIGH |
Low |
Resist. |
RISK |
Reward |
Ratio |
Cost |
Symbol |
Price |
Low |
| New |
New Stp |
S.A.M |
Points to |
|
Buy |
Num |
Total Portfolio |
Total |
Cap+Marg |
Cash/ Margin |
Cash |
Total |
Risk |
0.005 |
$ 196.00 |
| Stop Loss |
P/L |
Points |
Target |
|
Stop |
Shares |
Dollars |
Dollars |
Capital |
Buy Pwr |
Over Under |
Over/Under |
Dlr. Risk |
to Capital |
% to stop |
# Shrs |
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Registered User
Joined: 4/18/2005
Posts: 4,090
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huh.. it got all chopped up.. well the columns all do "stuff".. it's neat. took me weaks to make.
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Registered User
Joined: 10/7/2004
Posts: 2,126
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You always get what you pay for - I am sure you must understand that. As for free - there is nothing really free.
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