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🔫 Popgun Program – Automated Trading System

What is a Popgun in Trading?

The term Popgun comes from candlestick analysis and refers to a classic price action pattern consisting of three consecutive candles:

1. Outside Bar (first candle):
   A dominant candle with a higher high and lower low compared to the next candle. It signals strong market movement and a wide price range.

2. Inside Bar (second candle):
   This candle is entirely within the high and low range of the Outside Bar, indicating market indecision or consolidation.

3. Trigger Candle (third / most recent candle):
   The key candle of the setup. It breaks out of the Inside Bar's range and triggers the trade – either long (upward) or short (downward).

➡️ Note: The rightmost (third) candle is the trigger candle and initiates the trade.

In Practice, This Means:

• Outside Bar: Start of the formation, showing strong price movement.

• Inside Bar: A phase of consolidation within the previous range.

• Trigger Candle: A breakout from the Inside Bar → trade entry signal.

The Popgun setup is a combination of expansion, pause, and breakout. Traders use this pattern to identify potential trend reversals or continuations at an early stage.

💻 How Does the Popgun Program Implement the Setup?

The Popgun Program is designed to automatically detect this 3-candle formation and trade it based on customizable rules. It is a fully automated system built for the MetaTrader 5 (MT5) platform.

🔍 Detection and Analysis

The system continuously scans all charts for valid Popgun patterns.

Once a complete setup is detected (Outside Bar → Inside Bar → Trigger Candle), it prepares pending orders:

• Buy Stop above the high of the trigger candle

• Sell Stop below the low of the trigger candle

⚙️ Parameters and Features in Detail