- This algorithm is used on a “real account” as it is clearly shown in the graph below.
Important update on “US500 2H Breakout Long”
This update turns the algorithm into a multiframe.
A filter is also added to allow the trading system better reliability in difficult times in the financial markets
Breakout trading is used by stock market investors to take a position at the beginning of a trend, this strategy can be the starting point for important price movements and if the trading system is well done it can offer low risk, but with a high yield potential.
A Breakuot is a trading opportunity that occurs when the price moves above a resistance level.
Below is a well highlighted Breakout movement:
The Trading System in question does not exclusively take the simple Breakout as shown above, but verifies multiple conditions to have greater certainty that it is not a false breakout.
The Trading System is structured in such a way as to be able to keep the Drawdown within pre-established limits, in so doing the risk remains within the margins set by the trading system.
In the presence of a strong trend, once the target has been reached, the trading system reopens a new position in order to continue to ride the trend.
A strong trend is clearly highlighted below
Below is clearly highlighted a Movement after a Breakout