On December 29, 2015, we received an Ichimoku 3 multiple time frame Buy email alert on ELDORADO GOLD CORPORATION, for the Canadian Stock Market. The email is shown below:
The email alert was for a break out of the stock on the bullish side. This breakout setup was emailed through the automated email alert system, as shown above. As soon as the price broke on the bullish side, it had a strong momentum supporting it. There was an ideal opportunity to take a break out trade. The entry was at $4.344, Initial stop of $4.230 and a preserve mode of $4.621 was set. That gave us a risk of $0.114 per share. The Entry, Initial Stop and the Target were based on proprietary ichimoku strategy. As soon as the price started to move in the direction of the trade, a trailing stop method was applied, again based on proprietary ichimoku strategy. The price hit the anticipated preserve mode and the trade exited, giving us a profit of $0.277 Per Share. This trade gave a Risk to Reward Ratio of 1 : 2.43. Here is the chart setup:
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