New trade id 180824AUDUSD
New Trade id 180824AUDUSD
To go short AUDUSD @ 7280
Stop loss order @ 7500 Limit order @ 6840
Trades are opened with an id showing date and the type of security traded, and whether the trade is long or short. Stop loss and limit orders are placed when the trade is originally opened, aiming for a risk:reward ratio of 1:2. That is, if I stand to lose 100 points, say, if the stop loss order is triggered, then I also stand to win 200 points if the limit order is triggered first if the trade is profitable.
This makes the break even ratio for winners around 33%, or one-third winners:two-thirds losers. I'm aiming for a winners:losers ratio of 50%.
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