Registered User Joined: 5/3/2011 Posts: 7
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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.
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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There is not a quick and easy way to do this currently. Thank you for your suggestion.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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