A Sample Arcelor Mittal (MT) Trade
Take a look at this buy alert of type 4 issued for Arcelor Mittal (MT) at 1:45pm on 7/12.
The alert number 42713322619 tells us that the Trade Ratio(TR) for this strategy on MT historically is 2.7;
the Profit Ratio(PR) is 1.3; The average profit has been 3.2% from the 26 trades so far.
We can also see from the last two digits that average trade duration is 1.9 trading days.
In the bottom left chart we can see that in the recent past, the price has correlated well with the Pink and Black oscillators.
Now, this alert comes from a combination of these two with the Pink having just crossed the Black upwards as we can see clearly in the top left chart.
The gray residue has touched the lower bound in the bottom right chart. The yellow DTI line is indicating at upward trend.
So, though the Blue oscillator is still slowly moving south, considering the high quality of the alert (from the TR and PR) and correlation of price with Black and Pink, this trade looks good to take. The entry price you can see below is $29.45. The exit for this alert was issued today(7/14) morning at 11:15 am, so the trade last roughly two trading days as average duration had indicated.
In graph below, we can see that the price has continued its correlation with Pink and Black. The exit alert is issued as the Black is now turning down and so are the fast oscillators on the top right. The exit price is $30.31. So the profit is 2.9% slightly lower than the average for this strategy!
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