WHEAT FUTURES (MAR 2019), 1D, CBOTTrading Signal
Long Position (EP) : 515'4
Stop Loss (SL) : 510'2
Take Profit (TP) : 533'2, 549'4
Description
ZWH2019 formed Double Repo Buy at 1d time frame. Trade setup with Buy Limit at 0.382 Level (515.5) and place stop after 0.618 level (510.25). Once the position was hit, place take profit before an agreement (533.25) and 549.5
Money Management
Money in portfolio : $280,000
Risk Management (1%) : $2,800
Position Sizing
$0.25 = +-$ 12.50/std-contract
Commission fee = -$5.64/std-contract
EP to SL = $5.25 = -$262.5
Contract size to open = 11 standard contracts
EP to TP#1 = $17.75 = +$887.5
EP to TP#2 = $34 = +$1,700
Expected Result
Commission Fee = -$62.04
Loss = -$2,887.5
Gain#1 = +$5,325
Gain#2 = +$8,500
Total Gain = +$13,825
Risk/Reward Ratio = 4.69