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)
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