Whats up expensive merchants, it`s Petko Aleksandrov from EA forex Academy. And this morning we have now one exchange open as you can find it was open at 4:00 o’clock and now it’s just a few hours later on. I noticed the outlet clearly I used to be wide awake early in the morning however I didn’t have the time to document the video, so simply now i will report the video. I will exhibit exactly how I calculate it and what I must do after the exchange is open. I was simply keeping an eye fixed on it as a way to make certain that it can be not going down and i do not pass over to situation the promote stop.So, what you must do after the alternate is open, guys? Make certain to do it as soon as viable due to the fact of path there’s a giant danger that the price will just go down. I have to be blanketed with the by no means dropping formula. If it goes up of path it is in our favor. While you position the Take profit you will find it exactly at $200. What you can do? Of path, that you could modify the order as a way to have distinct Take revenue of 210. In the event you desire to comply with strictly the certainly not dropping method where i am put in to 210 given that it’s quite excellent in the event you desire to have $10 further, guys. If the trade goes overnight. Higher to have these $10 with the intention to have Pure profit of $200 at the end. I mean this won’t constantly happen however that is what we are aiming for. So, let me just put it here a further $10.So, it’s going to be fifty three. Let me do it an additional time, so I have got to put 6353. Ok? With out the four. So, this way i will alter it and the Take profit will probably be another $10 high. As you can see exactly at 210. The 2d choice is you need to use this exit condition from the envelopes of the knowledgeable consultant. However maintain in intellect that it can be very viable that the rate will go down and it is going to genuinely go under the nvelopes, under the lessen band. It’s going to open a bar there after which it’s going to open a new bar above the band. So, what is going to occur, you will be out of the exchange, but this would happen bellow your entry point.Good enough? So, this manner you are going to have a loss. A small loss but it’s a loss. And because I really do not like, guys, to have this loss. What I do after the exchange is open? I put off the xpert. Adequate? Trained marketing consultant – do away with. So, now i am no longer utilising these nvelopes, so you’ll find here when the rate goes virtually, let me zoom it a bit bit. So, the entry was once here. The price went close. So, imagine this bar went cut down a little bit under the lower band and it opened here and the following one opens correct here. This will likely be an exit situation however it is going to be on loss. And of course this is relatively rare. Many of the occasions you’re going to see the exit on the profit. But once more I say if it is your choice, so this is clearly the third option where which you can go away the knowledgeable advisor jogging, while you either hit the ake revenue, you either have the exit condition from the Envelopes or you either hit the sell discontinue from $70 scale back and you enter into the never dropping components.This way for certain at this moment when you hit the sell stop you have to cast off the informed guide. Ok? When you consider that for those who enter into the sell discontinue and then the proficient consultant exits from the Envelopes you will be messed up. So, these are the three choices, guys, hold it in mind. Quantity one – you use the educated advisor absolutely mechanically it can be up to you when you find it profitable. You are welcome to do it. It can be very well backtested. It is amazing technique will have to be working satisfactory, relies on your broker of direction. The opposite thing is you employ the informed marketing consultant simply to open the position. Then you definitely put off it, just like I did. And you control the trade with the on no account dropping method, If it can be wanted. And the 0.33 alternative is that you simply sincerely hit the knowledgeable guide strolling. So, you are going to be using the Envelopes as exit situation unless either you are out from the Envelopes, both you hit the Take profit or you both hit the sell discontinue, which i will situation proper now.However once more I say there’s a mild likelihood that the exit might be on a bit of loss. So, I really hope it is clear. Let me calculate now the place I must location the promote stop. So, let me simply bring you down over here. So, our entry price is 6143.98 and $70 cut down can be $6073.98. So, this is how i am calculating simply $70 decrease. And my Take revenue there will be a different $210 cut down, so $210 curb, this would make it 5863.Ninety eight So, i am writing it right now at the identical second on a piece of paper. And it can be less difficult for me to calculate it. Adequate? So, i’ll close it now considering that i have it on paper and i will go to trading. New Order, that is from the place we are location the Order, variety it’s Market Execution or Pending Order.Market Execution it can be if you wish to execute the order on the second and Pending Order which you could decide upon now 4 one-of-a-kind varieties. The purchase restrict, promote restrict, buy stop and promote discontinue. So, clearly in these strategies had been utilizing the buy discontinue and the promote discontinue. And proper now i will use the sell stop. So, the order shall be finished when the rate reaches this level of $6073.Ninety eight And right here of course you have to exchange it to 1.Four.So, 1.4. However make sure you write it without the comma. But precisely this manner. So, the stop Loss, guys, is the equal as the Take benefit from our first trade which is 6353,ninety eight. Adequate? And our Take profit we set is 5863.Ninety eight and we ought to enter the rate as good. It’s 6073.98 when I hit the position. You are going to see the order sell discontinue at 1.Four. And right here is the Take profit you see precisely 294 and the stop Loss for this sell order matches precisely with the Take revenue, considering that that is exactly what we must happen if I enter into the by no means dropping system. So, I hit the promote stop then i’ll situation a different purchase stop on the same fee of 6143 and then if the cost hits this Take revenue, the promote order that used to be finished, that we simply placed now will have to close on the same second.Proper? On account that if it would not then the rate continues greater. Certainly we will be able to be on a loss. So, be certain you try this. And the opposite factor you ought to do, you must modify as good the stop Loss for the lengthy role for the buy, which actually desires to check with the Take profit of the second position. So, it’s 5863.Ninety five And if i alter it you will see now that the discontinue Loss and the Take revenue suit exactly. You should no longer see two distinctive strains here. That means that if now the cost reverses and goes all the way down to this level I will probably be coming into to the quick exchange however when it hits this stage, good enough? I will be out with terrible of 280 from the primary alternate and positive 294 from the second exchange.That is how we’re going out with zero losses, guys. Very main. Be certain you discovered the method very good and of direction I gives you couple of examples for the period of this course and i hope, i’ll file as many as viable. So, you’ll understand it more in details. Adequate, guys, thank you very much for observing. I hope it’s clear here and i will continue the video as soon as this stage is hit or this stage is hit here and my promote discontinue is hit. So, at this moment i will situation my buy stop. Good enough? Thanks very a lot for gazing, guys, and i’ll proceed instantaneously when there is some motion there. Cheers, guys. Bye..