Parabolic reversal
Ingredients: 8EMA on opens, 44 EMA on medians
Setup:
Price separation from the 😯 for 6 consecutive hours. A hourly fractal solidified at the outskirts.
Since a lower low / higher high on the bow back is likely to be marginal at best or going to fall shy, you should place your buy / sell stop at the inner fractal especially if it also falls shy of the 8-0 and target the Moray eel (E44M) with good size, for the kick back from the fractal on the second visit is likely to be muted.

You are wrong 10 pips beyond the first swing leg of the parabolic move.
Exit anywhere beyond the Moray eel, preferably with RSI2 in its last 10% print.
Better than break even stop loss can be applied when in 10+ pips of gains.

Automatic target adjustment with Code 44 (0.44 stop loss on longs, 4.4 stop loss for shorts).
/////Long Target - Code E44
if( OrderType()==OP_BUY && (OrderStopLoss()==0.44 || OrderTakeProfit()==4.4) && OrderTakeProfit()!=NormalizeDouble(iMA(symbol,30,88,0,MODE_EMA, PRICE_CLOSE,0)+10*Point,4) && OrderOpenPrice()<NormalizeDouble(iMA(symbol,30,88,0,MODE_EMA, PRICE_CLOSE,0),4)-10*Point
)
{ OrderModify(OrderTicket(), OrderOpenPrice(), OrderStopLoss(), NormalizeDouble(iMA(symbol,30,88,0,MODE_EMA, PRICE_CLOSE,0)+10*Point,4), OrderExpiration());
Print("LONG Target Set to E-44 @ "+DoubleToStr(NormalizeDouble(iMA(symbol,30,88,0,MODE_EMA, PRICE_CLOSE,0)+10*Point,4),4));}
/////Short Target - Code E44
if( OrderType()==OP_SELL && (OrderStopLoss()==4.4 || OrderTakeProfit()==0.44) && OrderTakeProfit()!=NormalizeDouble(iMA(symbol,30,88,0,MODE_EMA, PRICE_CLOSE,0)-10*Point,4) && OrderOpenPrice()>NormalizeDouble(iMA(symbol,30,88,0,MODE_EMA, PRICE_CLOSE,0),4)+10*Point
)
{ OrderModify(OrderTicket(), OrderOpenPrice(), OrderStopLoss(), NormalizeDouble(iMA(symbol,30,88,0,MODE_EMA, PRICE_CLOSE,0)-10*Point,4), OrderExpiration());
Print("SHORT Target Set to E-44 @ "+DoubleToStr(NormalizeDouble(iMA(symbol,30,88,0,MODE_EMA, PRICE_CLOSE,0),4)-10*Point,4)); }
As a trader the biggest advantage you can have is knowing where / when the market isn’t likely to move more than a handful of pips against your position, because you can take advantage of the high leverage, i.e. on a 5k account you could open 10 lots with a 500:1 and make 2.5k on a single trade.

Could you define a parabolic move as a separation from the 😯 for longer than 5 hours? I think you could.



Could you have known what was the limit the market would likely not undercut the previous “Cover” day’s low?
I believe you could have.
