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REGISTER PARTICIPANTS Indicator Aw Breakout Catcher Mt4

Discussion in 'Technical Indicators MetaTrader 4' started by James Goldman, Nov 1, 2020.

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  1. James Goldman

    James Goldman Moderator
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    AW Breakout Catcher

    #awbreakoutcatcher

    aw-breakout-catcher-logo-200x200-5477.png

    Breakdowns of price levels, advanced statistics, TakeProfit calculation and 3 types of notifications.

    Benefits:

    • Do not redraw your results
    • Signal strictly at the close of the candle
    • False Breakdown Filtering Algorithm
    • It goes well with any trending strategy.
    • Works on all tools and timeseries
    How to trade with the indicator

    Trading with AW Breakout Catcher in just three easy steps:

    Step 1 - Opening a position

    • A buy signal was received with a success rating of more than 70%
    Step 2 - Determining StopLoss

    • Select trunk by opposite signal
    Step 3 - Defining TakeProfit Strategy

    • Strategy 1: Close the entire position when reaching TP1
    • Strategy 2: Close 50% of the position upon reaching TP1 and the remaining 50% upon reaching TP2
    • Strategy 3: Close the entire position on the opposite signal
    Statistics module

    For better pair selection, use the built-in statistics calculations.

    • Calculate trades - The total number of signals for which statistics are given
    • Success rating - Percentage of signals reaching TP1, or when reversing those that were in positive profit
    • TakeProfit1 Hit - Percentage of signals reaching TP1
    • TakeProfit2 Hit - Percentage of signals reaching TP2
    • ExitProfit - percentage of signals that did not reach TP1, but were in a positive profit with a new signal
    • ExitLoss - percentage of signals that did not reach TP1, but were in negative profit when a new signal
    Input Settings:

    • Range filtering - Ratio for filtering market ranges
      • 1.0 - For day trading & swing trading
      • 1.5-2.0 - For scalping
    • Amplitude - The number of bars used to calculate the algorithm
      • 4-9 - For scalping
      • 10-15 - For day trading & swing trading
    • Multiplier of target - Coefficient for TakeProfit 1 and TakeProfit 2
    • Maximum bars - The number of candles for calculating statistics

    aw-breakout-catcher-screen-6184.png aw-breakout-catcher-screen-9567.png aw-breakout-catcher-screen-6209.png aw-breakout-catcher-screen-1696.png

     

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