STATISTICS
The Strategy
Basic level
Multiple amount trade.
1st amount - 3 mini lots.
2nd amount - 2 mini lots.
The trade
GBP/USD (The Cable)
30 minute candlestick chart.
3 green soldiers pattern.
Bollinger bands added.
Program used - GFT Dealbook.
Magnification - 72
Long trade.
Times
London open.
Traded at.....
Perth - 6 pm.
GMT - 10 am
New York - 6 am
Los Angeles - 3 am
Sydney - 8 pm
The Figures
Entry - 1.7210
Exit 1 - 1.7224
Exit 2 - 1.7270
PCI - 1.7108
1st profit 10 pips.
2nd profit 56 pips.
Total 66 pips.
Reward = 56 pips.
Maximum price action before reversing 1.7437
Maximum profit potential 2nd amount 227 pips.
Maximum profit obtainable 237 pips.
Distance from entry to PCI - 102
Risk 102 pips
Risk/Reward = 102/66 = 0.64
Maximum Risk/Reward = 102/237 = 2.32
Average Risk/Reward expectancy = 1.0
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