based on the 1:3 RR we use, CADCHF would have achieved a total gain of 1% last week following our strategy with the SL&TP provided!
first trade- we have our first BUY, this was just 3 pips from hitting our TP but then went on to hitting our SL! you may have closed or your spread could have helped hit TP BUT im going to count it as a loss of 1% fo your account!
second trade- we have our SELL, this hit our SL meaning a loss of 1%
third trade- we have our final BUY for the week which hit TP, achieving an account gain of 3%
TOTAL GAIN +1%!
first trade- we have our first BUY, this was just 3 pips from hitting our TP but then went on to hitting our SL! you may have closed or your spread could have helped hit TP BUT im going to count it as a loss of 1% fo your account!
second trade- we have our SELL, this hit our SL meaning a loss of 1%
third trade- we have our final BUY for the week which hit TP, achieving an account gain of 3%
TOTAL GAIN +1%!