Anyways, let’s make it more fun and calculate profits/losses in dollars as opposed to pips. Let’s see how much money a person can make or lose trading my system in mini-lots.
If we traded mini lots, today’s transactions would look like this:
USDCAD Bought 0.1 lot at 1.05662, sold at 1.05844, profit $17.20
If you noticed, the purchase and sale prices were different from the original stop orders and that was due to slippage, which I will explain a later time.