Risk & Reward Charting Tool Ideas

mike56

I have tried this tool these days. The UX is awesome and i wanted to buy the product after the free period. Unfortunately, when the range between the entry point and stop loss is too short, the calculation of the position is not accurate. I have read in some discussions on the web that it was normal when the range between the entry point and stop loss is too short. Yet with my excel files, i manage to have good precision even in that case, which gives evidence that good precision is possible. I would love to have the UX of your tool with the accuracy of my excel formulas... unless some parameters can be changed to get this accuracy?

For the moment, the tool is beautiful... but useless. Too bad

mike56

If some help is needed to share my size calculation formulas, it's ok !

Mike

Hi, Mike, what symbol are you using and what are the spread and fees?

mike56

Hi Mike, i work with mains Forex pairs (EURUSD, GBPUSD, USD JPY etc), and my fees are ICMarkets Ctraders fees: 3$ for each 100 000$ operation. The spread is 0 or close to 0 during good market time.
And i have notices another problem: the tool does not work with ticks graphs. Yet it is with tick graphs that i have less time to use my excel file, and it is precisely the time frame when i'm compeled to use them because the tool doesn't work !

mike56

A touchy point is for pairs without USD (for instance like EURGBP): since fees are calculated in USD and in proportion of USD value, it means that the calculator has to take twl pairs levels: in my exemple, the calaculator has to take EURGBP and GBPUSD into account !

Mike

Hi, Mike,

We do not usually reply to suggestions as we collect them from the customer and review them for future updates.

There are limitations to the tool as explained on the product page, it does not support tick charts and the risk accuracy can be as low as 90%. When you have a very tight stop loss and a small position size it may be inaccurate.

We take your comments on board and will review them in a future update, but for now, I feel the tool does not suit your trading style and would advise you not to purchase the product.

mike56

I had the same conclusion. That's the reason why I did not buy the tool and i posted that in suggestions and not in bug reports: an update would really be welcome, and i think it would not be difficult to develop since i make those accurate calculations just with an excel file (but the UX is not as good as in your tool, reason why i would like to have an update on your tool !)