Track 'n Trade 5.0 has included the Dollar calculator and the Risk/Reward calculator to help simplify the trading process. With both the Dollar Calculator and the Risk/Reward Calculator, simply click and drag between two locations on the chart to instantly know the dollar value between the two points.
Use the Dollar calculator to find the dollar value between two points on the chart. Select the Dollar calculator tool from your Calculators toolbar. Click on your chart where you want the calculator to start and drag to where you want the calculation to be completed. Release the mouse button to place. The dollar amount of the chart movement will be calculated from the beginning and end point values and will be displayed in the center of the line.
Select the drawing by clicking on it. You will know the drawing is selected when boxes appear at the corners. Click on a box and drag it to your desired location. Release the mouse button to place.
Select the drawing by clicking on it. Hold down the mouse button and drag to the new location. Release the mouse button to place.
Select the drawing by clicking on it. Press the Del (Delete) key on your keyboard. You can also right-click the drawing and select "Delete" from the drop-down menu.
Select the drawing by clicking on it. The properties will appear in the preferences section of your control panel. Or, right-click on the drawing and select properties from the dropdown menu. Restore Settings: TNT Default will change your settings back to the original software settings. My Default will change current settings to your personalized default settings. Apply To All Charts will apply your selected settings on all open charts. Save As My Default will save your current personal settings.
Dollar Calculator Tool: Choose the color, line style, and line thickness of your line. Select how you would like to view the values on your dollar calculator.
Font: Select the font, size, and color of the text. Select Show Text to hide or show your text on the chart.
$ Value will show you the size of the move in dollars (points x point value).
%ROM stands for Return on Margin and calculates the percentage return received for a given move.
Points will show you the size of the move in points.
Quantity: Select the number of contracts for which you wish to calculate the value. The default quantity is one.
The Risk/Reward calculator is used to find the difference between two points of the risk and reward zone. Select the Risk/Reward tool on your Calculators Toolbar. Click on your chart where you want your technical formation to begin and drag to cover the area between your initial order and your risking stop loss order.
The calculator will create an equal-sized reward area that can be stretched to the proper distance you expect the graph to retrace. The numbers in the tool indicate the dollar amount of risk and reward.
When the chart is trading within the risk area (negative number), you are risking your own money. When the chart is trading within the reward area (positive number), you are risking OPM or "Other People's Money." Use the Risk/Reward calculator on all trades to calculate where your order entries and exits should be placed.
Select the drawing by clicking on it. You will know the drawing is selected when boxes appear at the corners. Click on a box and drag it to your desired location. Release the mouse button to place.
Select the drawing by clicking on it. Hold down the mouse button and drag to the new location. Release the mouse button to place.
Select the drawing by clicking on it. Press the Del (Delete) key on your keyboard. You can also right-click the drawing and select "Delete" from the drop-down menu.
Select the drawing by clicking on it. The properties will appear in the preferences section of your control panel. Or, right-click on the drawing and select properties from the dropdown menu.
Restore Settings: TNT Default will change your settings back to the original software settings. My Default will change current settings to your personalized default settings. Apply To All Charts will apply your selected settings on all open charts. Save As My Default will save your current personal settings.
Risk Reward Tool: Choose the color, line style, and line thickness of your line.
Quantity: Select how many contracts you would like to be calculated.
Price/Point Difference: Select whether you want the tool to calculate between price or points.
Font: Select the font, size, and color of the text. Select Show Text to hide or show your text on the chart.
Select Snap to have your lines snap to price bars when moved.