The stop-order is issued under the last bottom, below the pips at 15 (for excluding the market noise). The take-profit is issued twice farther, i.e. the ratio between the profit and the cost is 2/1. In our example the bottom is 122,83; that’s why the stop is issued 15 pips lower – 122,68. The take-profit is issued at the level of 123,86+2*(123,86-122,68)=126,22.
The result of our operation is shown in Fig.4. Actuation of the take-profit gave us the profit of 236 pips that is equal $1870 in money terms on Forex ($187 – on mini-Forex).
Figure 4.
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