STATISTICS
The Strategy
Basic level
Multiple amount trade.
1st amount - 5 mini lots.
2nd amount - 5 mini lots.
The trade
EUR/USD
20 minute candlestick chart.
Morning Star pattern.
Bollinger bands added.
Program used - GFT Dealbook.
Magnification - 72
Long trade.
Times
London open.
New York open
Traded at.....
Perth – 11.20 pm.
GMT – 3.20 pm
New York – 11.20 am
Los Angeles – 8.20 am
Sydney – 1.20 pm
The Figures
Entry - 1.3673
Exit 1 - 1.3686
Exit 2 - 1.3726
PCI - 1.3620
1st profit 10 pips.
2nd profit 53 pips.
Total 63 pips.
Reward = 63 pips.
Maximum price action before reversing 1.3688
Maximum profit potential 2nd amount 0 pips.
Maximum profit obtainable 10 pips.
Distance from entry to PCI - 53
Risk 53 pips
Risk/Reward = 53/63 = 1.19
Maximum Risk/Reward = 53/63 = 1.19
Average Risk/Reward expectancy = 1.0
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