Risk & Reward Tool questions

raycain

Hello, I've just downloaded a trial of the Risk & Reward tool. In general its what I'm looking for but I have a couple of questions:

1) Is there a setting to allow the lines to 'snap' to the exact high or low of a bar? Its very fiddly to try to get it to the exact pip visually.

2) Is it possible to set the take profit to a fixed percentage of risk - again its quite fiddly to get it to the exact desired % doing it visually/manually.

Thank you!

Sophia

Which version of the tool are you using? The paid version allows a fixed % risk and last swing.

https://clickalgo.com/risk-reward-tool

You can find the user guide below.

https://clickalgo.com/risk-reward-tool-settings

raycain

I'm on a trial of the paid version.

I need it to snap to the highs/lows of bars rather than the last swing
And I'm looking for to fix the take profit / reward as a percentage of the risk e.g. a 1:2 RR trade - rather than fixing the risk to a % of the account balance (which works fine)

Thank you!

raycain

Also, it doesn't seem to support stop-limit orders. Pls can you confirm. Thanks

algoman

This tool does not cover what you need; try another one or contact the development team for a bespoke tool.

Sophia

The tool supports market, stop and limit orders.