Pop Music

How to maximize profit potential?

Let’s talk about it.

Imagine going long and not having a clue how far the market might go.

You could utilize the perceived bias of Mr. Maroon residing above the Green River & put on some Pop Music.

How does getting in after two downside Pops sound? Optimal. The purple dotted bands? 10-pip displacements of the previous hour’s lows and highs.

Of course you could get in on a pullback as well, even on a flat consolidation after the first green pop.

As for optimal ride, you could do the following: make a trail stop EA, that adjusts the trail stop – based on the TakeProfit being at 11 – to the last hourly low minus 12 pips if that is higher than the opening price by 2.5 pips.

I intentionally let the Trail Stop come back lower if the downside volatility does not bring the stop back below the entry level: this way you can ride out smaller bows.

if (OrderType() == OP_BUY && OrderTakeProfit()==11)
if (OrderStopLoss()!=NormalizeDouble(iLow(symbol,60,1)-120*Point,6) && iLow(symbol,60,1)-120*Point>OrderOpenPrice()+25*Point)

OrderModify(OrderTicket(), OrderOpenPrice(), NormalizeDouble(iLow(symbol,60,1)-120*Point,6),

At the same time, the optimal exit would be a magenta Pop on the upside -> cropper utilizes the same TakeProfit code.

if (OrderType()==OP_BUY && OrderTakeProfit()==11 
if (Close[0]>hup && Close[0]>iMA(symbol,60,32,0,MODE_EMA, PRICE_MEDIAN,0)+380*Point && OrderProfit()+OrderSwap()+OrderCommission()>0
OrderClose( OrderTicket(), OrderLots(), MarketInfo(OrderSymbol(), MODE_BID), 5, Red 

This way you guarantee yourself some locked in gains after the position comes into money as well as the best possible exit when a magenta pop comes up with price being beyond the safety band of E-32.