Gold (E-MICRO) Future APR2018 (News Impact)

***Recorded for a missing opportunity***

Trading Signal
EP 1317.4
SL 1318.7
TP 1311.4
FOMC Meeting Minutes will be reported figure at 01.30. Setup a trading position when the time is 01.58. Note the current High and Low of the current candle stick.

High = 1318.7
Low = 1317.4

Place stop buy at 1318.7 and stop sell at 1317.4. When the time has come , it will hit one of the other position (In this case it hits short position). Wait until 5 minute has passed, then close the position manually at market price.

Money Management
For news impact trading, put all the money you got in the port and open maximum allowable contract size
1 contract size requires $385 ( 1 tick = 10$)
EP to SL = 1.3 tick = -$13
Commission fee = -$8 (per 2 times position)
EP to TP = 6 tick = +$60
Risk/Reward Ratio = 2.857
%ROI = 60/385 = 15.58%

I have $800 in port
Maximum allowable contract size = 2800/385 =2.078 = 2 contract
I will gain $60 * 2 = $120
I will lose -$13 * 2 = -$26
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