Arcelli C.

Dela Cruz
BSA 2-1
Assessment:
1. Choose a currency pair to trade and plot relevant indicators in the chart. Indicate your entry
price, stop loss, take profit, day and time of the trade. You can also mention relevant news if
there’s any. Screenshot your answer.
2. Set a pending order (any of the following: buy stop, sell stop, buy limit or sell limit - just
choose one) for EUR|USD pair. Indicate your entry price, stop loss, take profit, day and time
of your trade. Screenshot your answer.
3. Can you interchange the position of the currency pairs? (ex. EUR|USD to USD|EUR). Why
or why not?
No. Since the reason why currency pairs are formatted in that way is mostly due to
convention. The MT4 provides currency pairs with the right format that we can use in
trading. The main function of currency pairs is to indicate how much of the quote currency is
needed to purchase one unit of the base currency. We cannot interchange their position
because it must reflect traditionally strong currencies versus traditionally weak currencies,
with the stronger currencies coming first and the second is the denomination of the price
fluctuations.