Gold (E-MICRO) Future APR2018 (News Impact) on Nov 23,2017

2018年3月4日

***Recorded for a missing opportunity***

Trading Signal
EP 1292.3
SL 1290.3
TP 1293.3
Description
FOMC Meeting Minutes will be reported figure at 02.00. Setup a trading position when the time is 01.58. Note the current High and Low of the current candle stick.

High = 1292.3
Low = 1290.3

Place stop buy at 1292.3 and stop sell at 1290.3. When the time has come , it will hit one of the other position (In this case it hits short position). Wait until 5 minute has passed, then close the position manually at market price.

Money Management
***Exemption***
For news impact trading, put all the money you got in the port and open maximum allowable contract size
1 contract size requires $385 ( 1 tick = 10$)
EP to SL = 2 tick = -$20
Commission fee = -$8 (per 2 times position)
EP to TP = 1 tick = +$10
Risk/Reward Ratio = 2.800
%ROI = 10/385 = 2.597%

Example
I have $800 in port
Maximum allowable contract size = 800/385 =2.078 = 2 contract
I will gain $10 * 2 = $20
I will lose -$28 * 2 = -$56