Trade close
Trade id 181019EURGBP
Originally opened @ 19 Oct 18 to go long EURGBP
Stop loss order reached @ 13 Nov 18
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%.