Clude Oil future (NYMEX)

NYMEX:CL1!   Light Crude Oil Futures
Trading Signal
Long Position (EP) : 60
Stop Loss (SL) : 59
Take Profit (TP) : 63

CL1! future is about to form Double Repo Buy at 4h time frame. Buy stop position at 0.618 level of FR (60) When the position has entered, place take profit before an agreement (63) and place stop loss at 59 When the price go up above 61, shift stop loss to Break Even (BE) position (60). Until the price reach TP (63)

Money Management
Money in portfolio : $53,000
Risk Management (2%) : $5,300

Position Sizing
1 Tick value = +-$1000
EP to SL = 1 Tick value = -$1,000/contract
Contract size to open = 1 contracts
EP to TP = 3 tick value = +$3,000

Expected Result
Loss = -$1,000
Gain = +$3,000
Risk/Reward Ratio = 3
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