HEATING OIL FUTURES (DEC 2018), 1D, NYMEX

Trading Signal
Short Position (EP) : 2.1907
Stop Loss (SL) : 2.212
Take Profit (TP) : 2.1167, 2.0996

Description

HOZ2018 formed DRF Sell at 1d time frame. Trade setup with Sell Limit at 0.382 Level (2.1907) and place stop after 0.618 level (2.212). Once the position was hit, place take profit before an agreement (2.1167) and 2.0996

Money Management

Money in portfolio : $280,000

Risk Management (1%) : $2,800

Position Sizing

$0.0001 = +-$4.2

Commission fee = -$2.37/std-contract

EP to SL = $0 = -$894.6

Contract size to open = 3 standard contracts

EP to TP#1 = $0.07 = +$3,108

EP to TP#2 = $0.09 = +$3,826.2

Expected Result

Commission Fee = -$14.22

Loss = -$2,683.8

Gain#1 = +$6,216

Gain#2 = +$3,826.2

Total Gain = +$10,042.2

Risk/Reward Ratio = 3.72

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