Entry opportunity is the time when a trader can open a position and has a higher probability to gain profit. Mostly, entry opportunities are considered only when a signal is formed. But, for every signal, there are more opportunities than just one. In short, as long as the highest or lowest point of the day isn't reached yet, you also have opportunities to open a position as many times as they are available. But how to calculate entry opportunities at a certain time?
Let's use a pair with average daily range 100.0 pips, and price range between 0.00001 to 0.01000. Thus, a strategy with expected profit target of 30.0 will be:
average daily range – expected profit =
100.0 – 30.0 = 70.0
Calculation of PTV ( Price-Time Radius Vector) on traditional price-time chart is the application of the Pythagorean proposition studied in senior school on classes of geometry. It states that squares on the legs of a right triangle add up to the square on the hypotenuse. In our case, legs are price and time, hypotenuse is PTV (Price-Time Radius Vector).
Entry opportunity is the time when a trader can open a position and has a higher probability to gain profit. Mostly, entry opportunities are considered only when a signal is formed. But, for every signal, there are more opportunities than just one. In short, as long as the highest or lowest point of the day isn't reached yet, you also have opportunities to open a position as many times as they are available. But how to calculate entry opportunities at a certain time?
Let's use a pair with average daily range 100.0 pips, and price range between 0.00001 to 0.01000. Thus, a strategy with expected profit target of 30.0 will be:
average daily range – expected profit =
100.0 – 30.0 = 70.0
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