I have found this tool http://www.marginaccountcalc.com that has a special section http://www.marginaccountcalc.com/#risk1 that I was wondering if it was possible to implement in RE (for screenshot see http://www.marginaccountcalc.com/screens7large.html). It is especially the:
- Open Risk
- Open Risk (%)
- Account Open Risk
- Account Open Risk (%)
- that I’m interested in for stocks and futures. I’m an IB customer but I was told that IB TWS does not have the functionality to so open risk per position (difference between current price and price on stop order). IB told me that I could request this functionality – but perhaps it is faster to build it in RE?
Furthermore I would like to be able to input my orders manually via RE. When I input an order I always want to place:
- Order for profit target (fixed target)
- An order (marked or limit) for actually opening the position
- A stop order (trailing or fixed amount)
Based on account balance and parameter stating how much I’m willing to risk on the trade (e.g. 0.5% of account balance) it will calculate the nominal for the order (which it can do if I type in the stop order at the same time). So I imagine some sort of popup where I can type in the 3 orders mentioned above & the risk percentage and get the risk/reward ratio along this the nominal before I place the order. Is this possible?
Finally, I want to know how easily I can manually adjust the profit target order and stop order within RE once a position has been initiated (i.e. move profit target up/down)?
PS: I not (yet) a RE customer - although I tried out the free demo some time ago (and I liked what i saw).
Saturday February 20 2010 by