I am going to try and word this as best as possible, and hopefully not confuse everybody ( including myself ) lol
What I am looking for, is a way to toggle up and down on my charts by either using my CrossHair or something similar that will ...... show me in actual Dollar and Cent amounts, what the Risk will be if I were to place my stop at certain price points.
With trading the Futures, some of the contracts are calculated down to the smallest of increments ( .001 and .01 cent ).... such as RBOB , Heating Oil , Natural Gas , Ethanol and Copper
a .001 cent move on both RBOB and Heating Oil is $42 ...... change it to .01 cents, and that's a $420 risk ( quite large, depending on account size of course )
I would like to be able to know these totals with the simplicity of moving my mouse ( crosshair ) above and below my entries , and know what my Actual Risk will be in cents and dollars, if I were to place my stop at various price points.
Trying to save myself some Calculator time you could say
Any help would be much appreciated
Thanks - Michael
Comment