4 February 2013. SELL order triggered at 2.56.
5 February 2013. Now at 2.56. Floating profit: 0.00
Advanced Micro Devices 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: 2.69
1st order
Take profit: after 5 completed trading days
Stop loss: 2.56
If Stop loss order fires then automatically put the same Sell order with the same Take profit
2nd order
Take profit: 5 days trailing stop
Stop loss: 2.56
No need to put the same Sell order
3rd order
Take profit: 3.04 (423.6 Fibo level)
Stop loss: 2.56
If Stop loss order fires then automatically put the same Sell order with Take profit at 2.21 (another 423.6 Fibo level)
SELL orders
Entry price: 2.56
1st order
Take profit: after 5 completed trading days
Stop loss: 2.69
If Stop loss order fires then automatically put the same Buy order with the same Take profit
2nd order
Take profit: 5 days trailing stop
Stop loss: 2.69
No need to put the same Buy order
3rd order
Take profit: 2.21 (423.6 Fibo level)
Stop loss: 2.69
If Stop loss order fires then automatically put the same Buy order with Take profit at 3.04 (another 423.6 Fibo level)
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