Shakka, so it depends on how you choose your TP, trailing stop and doing a little backtesting. The "Take_Profit_Percent" in the EA is basically TP = SL x _____ (whatever you choose). So, say the SL is 20 pips and the "Take_Profit_Percent" is 200% ...

Looking for an Initial Balance indicator

Here's an example of the EA working on S&P futures today. When price broke out below IB a short was taken, then hit SL when price broke above IB and immediately took a long position which eventually hit TP. image

Trading Initial Balances and EA

Initial Balances EA working on S&P futures today. image

Looking for an Initial Balance indicator

Here's the case for trading initial balances on the S&P500 or S&P500 futures. These are for the last three days: image

Looking for an Initial Balance indicator

Initial Balance in Market Profile Analysis: In the context of market profile analysis, the initial balance refers to a specific time period at the beginning of a trading session, typically the first 30 minutes to an hour. This period is used to ...

Looking for an Initial Balance indicator

Initial Balance expert advisor running on WTI today. image

Initial Balance Range Trading

Initial Balance expert advisor running on WTI today. image

Looking for an Initial Balance indicator

Hi everyone, been following this thread and dashboard for years. After a looooong time staying off FX markets and only trading futures and oil, I decided to come back to this thread after going down a rabbit hole on the subject of not trading based ...

Dashboard EAX

Trendzalore, thanks for sharing the indicator. I've been using it for years now. I started using initial balance after learning about Market Profile trading. I'm currently testing taking only the NY session initial balance on S&P500 futures and WTI. ...

Looking for an Initial Balance indicator

aara, great thread thanks for posting about the initial balance. I learned about it after learning about Market Profile trading. I'm currently testing taking only the NY session initial balance on S&P500 futures and WTI. I've also created an expert ...

Initial Balance Range Trading

GBPUSD Long. London session was bullish, trading inside yesterday's range, and trading above yesterday's close. Placed a buy limit order close to London's VAH. Price spiked and traded above my profit target. Done for the day! image

Auction Market Theory and Market Profile

Morning everyone! Here's my GBPUSD short from today. London session was bearish and managed to trade below yesterday's low. Ny open was at London's POC so I placed a sell order right away with target at 1.12000. image

Auction Market Theory and Market Profile

Good morning y'all! GBPUSD long today, stopped out. London session bullish, trading way above Friday's close, and NY open above London's VA. Placed a Buy Stop order close to the London session's VAH, but when price took off I opened a long position, ...

Auction Market Theory and Market Profile

GBPUSD short today. London session was bearish and below yesterday's close. NY open below London POC and VA. Trailing stop activated and stopped out with a small profit. image

Auction Market Theory and Market Profile

GBPUSD long position today. London session traded above yesterday's close and high. U.S. CPI print brought price back down to 1.1500. Took a long position at New York open since price stayed above London's POC. image

Auction Market Theory and Market Profile

GBPUSD long position today. London session traded above Friday's close. Long position taken at NY open above the London session's POC and close to VAH. Price dipped into POC and took off above Friday's high. image

Auction Market Theory and Market Profile

GBPUSD short today. London session traded lower and below yesterday's close. Briefly traded below yesterday's low and NY session opened there so I took the short at the open. Notice how price went back into London's POC and then dropped. This one ...

Auction Market Theory and Market Profile

GBPUSD today. Bullish trend continues, Asia and London session managed trade above yesterday's high. New York opened and stayed above London session POC. Long position taken with target at London session highs. image

Auction Market Theory and Market Profile

Another GBPUSD long position that played out today. Looking at overall trend as bullish and ranging. Then looking at Friday's OHLC, price briefly spiked above Friday highs. London session market profile pretty balanced, so took a long position at NY ...

Auction Market Theory and Market Profile