Preying In Reverse

Mantis, look at this!

The idea has landed. I always use the stoplosses for codes to target something. I have never used the targets as codes to adjust stop losses until now.

The thing about a parabolic market that it would alight before it wants to get off.

It is a sign of a parabolic move in itself that price does not touch one end of the 30-sample 30 minute BB. When it finally does, there would be one final hurray that is likely going to tag the other end one last time.

It is a rather differrent concept for me to dwindle on. Instead of cutting your position short, manage the stop loss at the right distance.

Keep away from the band by 10 pips and even out the bulges. First step is to feed the last 36 values into arrays.

for(i=0; i<36; i++)
     {
      band30u[i]=iBands(symbol,30,30,2,0,PRICE_MEDIAN,MODE_UPPER,0);
      band30l[i]=iBands(symbol,30,30,2,0,PRICE_MEDIAN,MODE_LOWER,0);


/////Short StopLoss - Code 333 30M BB -10

if( OrderType()==OP_SELL && OrderTakeProfit()==.333 && OrderStopLoss()!=band30u[ArrayMinimum(band30u,35,0)]+100*Point
 ) 
     {  OrderModify(OrderTicket(), OrderOpenPrice(), NormalizeDouble(band30u[ArrayMinimum(band30u,35,0)]+100*Point,5), OrderTakeProfit() , OrderExpiration());
//           Print("SHORT StopLoss Set to 30M BB @ "+DoubleToStr(iBands(symbol,30,30,2,0,PRICE_MEDIAN,MODE_UPPER,0)+100*Point,4));  
           }    


/////Long StopLoss - Code 333 30M BB -10

if( OrderType()==OP_BUY && OrderTakeProfit()==3.33 && OrderStopLoss()!=band30l[ArrayMaximum(band30l,35,0)]-100*Point 
 ) 
       { OrderModify(OrderTicket(), OrderOpenPrice(), NormalizeDouble(band30l[ArrayMaximum(band30l,35,0)]-100*Point,5), OrderTakeProfit(), OrderExpiration());
         // Print("LONG StopLoss  to 30M BB @ "+DoubleToStr(iBands(symbol,30,30,2,0,PRICE_MEDIAN,MODE_LOWER,0)-100*Point*Point,4));
         }

The Money flow beat projections do amount to something after all albeit the caveat is that the parabolic market has to make it ouside the BB like afore mentioned.

The 2x failure at the Stratosphere line does still mean something. The TY scissor is opened to 47 pips, that’s extra bullish. No move is likely to make it below the 9-day EMA band by more that 20-30 pips.

5.8x stretch from the mean still amounts to something (white line is 5x). A normal market would shy away by 4x. Even if it is opex Friday.