The eSignal Reward/Risk Tool
The built-in eSignal Reward/Risk tool comes in very handy when analyzing potential trades. With this tool you select your entry, stop, and profit target levels and it calculates the reward/risk ratio and remains on the chart for the duration of the trade. To access this drawing tool:
•Right-click in the chart and select the Insert Drawing Tool option from the pop-up menu.
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•In the Drawing Tools menu, select the Reward/Risk Freehand option. |
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•Now, back in the chart, you will be prompted to click once to set your entry level. Move your cursor to the entry price level and click once. |
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•Next, you will be prompted to click on the price target. Move your cursor to that price level and click once. |
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•You will then be prompted to click on the stop. Move your cursor to that price level and click once. The Reward/Risk tool has now been set and the reward/risk ratio will be displayed in the tool.
•If you need to make adjustments or fine-tune the price levels, just right-click in the tool where the reward/risk ratio is displayed and select the Edit option. |
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