Trading Signal Short Position (EP) : 1.2342 Stop Loss (SL) : 1.23455 Take Profit (TP) : 1.23365, 1.23285
Description E61! formed Double Repo Sell at 30m time frame. Trade setup with sell limit at 0.618 level of FR (1.2342) and place stop loss after 0.382 level of FR (1.23455). Once the position was hit, place take profit half contract size before a first agreement (1.23365) and the other half before second agreement (1.23285)
Position Sizing 0.00005 = +-US$6.25 Commission fee = -24/contract EP to SL = 0.00035 = -42.75/contract Contract size to open = 14 contracts EP to TP#1 = 0.00055 = +$68.75 EP to TP#2 = 0.00775 = +$168.75
Expected Result Commission fee = -$336 Loss = -$598.5 Gain#1 = +$481.25 Gain#2 = +$1,181.25 Total Gain = +$1,662.5 Risk/Reward Ratio = 2.77