Risk & Reward Tool With Indices

scott

Hello, I am trialling the "cTrader Risk & Reward Tool" and would like to purchase

I am with Pepperstone, who offers down to 0.1 lots and trade DAX (GER40). I receive a warning that "the fixed cash risk feature will not work if minimum lot size is 1 broker must support micro-lots". I assume my broker is OK so this should work fine.

I have the "trade indices" option set to Yes, and my "fixed cash risk" set to £50.

If I plan a short (sell) position the risk calculates perfectly. Before entering the trade, I can move my stop loss close to entry point and the risk recalculates perfectly - it is always almost exactly £50.

If I do exactly the same but instead planning a long (buy) position, the risk does not calculate as expected, it perhaps starts off at £58, and the closer I move the stop to the entry point the greater the inaccuracy - it may go to £70.

It seems that the calculation works on short positions but not on long positions.

I assume the tool is meant to work with indices given the "trade indices" option. Is this a bug?

Sophia

Hi, Scott, please provide a screenshot of your settings window and maybe the chart showing a long position being incorrectly calculated.

scott

@"Sophia"#p4254

Hello Sophia

I have attached 2 examples of short positions, 2 examples of long positions, and my settings.

I moved the stop as close at 2 pips in the examples to show that the short position always calculates correctly but the long positions do not.

I could send many more screenshots with the stop loss at different distances, but hopefully the above is enough. No matter how close or far the stop loss is for a short position, the calculation is always correct (£50 risk), but for long positions the risk value changes.

Thanks
Scott

Mike

It looks like for long trade setups when the risk pips are below 20 pips the accuracy fails and the risk gets bigger than the field amount, for above 20 pips, it's ok.

I will investigate and apply a fix.

scott

Hi Mike, thanks for the update

Sophia

This seems to have been fixed in a recent update, the long trade setups are now showing roughly £50-52 risk below 20 pips.