5 February 2013. SELL order triggered at 0.8567.
_____________________________________________________________________
EURGBP 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: 0.8705
1st order
Take profit: after 5 completed trading days
Stop loss: 0.8567
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: 0.8567
No need to put the same Sell order
3rd part
Take profit: 0.9144 (423.6 Fibo level)
Stop loss: 0.8567
If Stop loss order fires then automatically put the same Sell order with Take profit at 0.8128 (another 423.6 Fibo level)
SELL order
Entry price: 0.8567
1st part
Take profit: after 5 completed trading days
Stop loss: 0.8705
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: 0.8705
No need to put the same Buy order
3rd part
Take profit: 0.8128 (423.6 Fibo level)
Stop loss: 0.8705
If Stop loss order fires then automatically put the same Buy order with Take profit at 0.9144 (another 423.6 Fibo level)
No comments:
Post a Comment