We have used the following information in our market maker platform, this order entered on the 9/5/2019. We have adjusted our stop loss in this order to reduce the risk to our position.
Short order –
Entry : 11960
Stop loss: 12278 – adjusted to this on 14/5/2019 –
Take profit: 11472.15
The market moved past the entry point on the 9/5/2019 and was closed out on the 17/5/2019 giving MCC a loss of 63% of the original risk
We have added a take profit to this market as the overall cycle movement is still long, but having said this we have entered minor cycle low which will allow some profit to be made to the short side. This is just a way of limiting our risk.
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