5 February 2013. SELL order triggered at 124.63.
5 February 2013. SELL order closed at 126.88 as Stop loss.
5 February 2013. BUY order triggered at 126.88.
7 February 2013. BUY order closed at 124.63 as Stop loss.
7 February 2013. SELL order triggered at 124.63.
EURJPY last day candle closed in the shadow of the previous day candle.
Put six pending orders. Three BUY orders and three SELL orders.
BUY orders
Entry price: 126.88
1st order
Take profit: after 5 completed trading days
Stop loss: 124.63
If Stop loss order fires then automatically put the same Sell order with the same Take profit
2nd part
Take profit: 5 days trailing stop
Stop loss: 124.63
No need to put the same Sell order
3rd part
Take profit: 134.09 (423.6 Fibo level)
Stop loss: 124.63
If Stop loss order fires then automatically put the same Sell order with Take profit at 117.42 (another 423.6 Fibo level)
SELL order
Entry price: 124.63
1st part
Take profit: after 5 completed trading days
Stop loss: 126.88
If Stop loss order fires then automatically put the same Buy order with the same Take profit
2nd part
Take profit: 5 days trailing stop
Stop loss: 126.88
No need to put the same Buy order
3rd part
Take profit: 117.42 (423.6 Fibo level)
Stop loss: 126.88
If Stop loss order fires then automatically put the same Buy order with Take profit at 134.09 (another 423.6 Fibo level)
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