Trading Signal
Long Position (EP) : 1.232
Stop Loss (SL) : 1.23045
Take Profit (TP) : 1.23565, 1.23975
Description
E61! formed Double Repo Buy at 4h time frame. Trade setup with buy limit at 0.618 level of FR (1.232) and place stop loss after 0.382 level of FR (1.23045). Once the position was hit, place take profit half contract size before a first agreement (1.23565) and the other half before second agreement (1.23975)
Money Management
Money in portfolio : $50,000
Risk Management (2%) : $1,000
Position Sizing
0.00005 = +-US$6.25
Commission fee = -$24/contract
EP to SL = 0.00155 = -$193.75/contract
Contract size to open = 4 contracts
EP to TP#1 = 0.00365 = +$456.25
EP to TP#2 = 0.00775 = +$968.75
Expected Result
Commission fee = -$96
Loss = -$775
Gain#1 = +$912.5
Gain#2 = +$1,937.5
Total Gain = +$2,850
Risk/Reward Ratio = 3.67
Long Position (EP) : 1.232
Stop Loss (SL) : 1.23045
Take Profit (TP) : 1.23565, 1.23975
Description
E61! formed Double Repo Buy at 4h time frame. Trade setup with buy limit at 0.618 level of FR (1.232) and place stop loss after 0.382 level of FR (1.23045). Once the position was hit, place take profit half contract size before a first agreement (1.23565) and the other half before second agreement (1.23975)
Money Management
Money in portfolio : $50,000
Risk Management (2%) : $1,000
Position Sizing
0.00005 = +-US$6.25
Commission fee = -$24/contract
EP to SL = 0.00155 = -$193.75/contract
Contract size to open = 4 contracts
EP to TP#1 = 0.00365 = +$456.25
EP to TP#2 = 0.00775 = +$968.75
Expected Result
Commission fee = -$96
Loss = -$775
Gain#1 = +$912.5
Gain#2 = +$1,937.5
Total Gain = +$2,850
Risk/Reward Ratio = 3.67