Breakout drawdowns too large

To add comments, please log in or register
gouki1001
224
gouki1001  
What ways i can stop super big drawdowns or mitigate losses on my breakout  systems. I have automated a breakout system using the last low for long entries SL and last high for short entries SL but their are fakeouts at times and Im not sure how or if i can stop this. 
ForexOnlineTrading
73
ForexOnlineTrading  

The fake breakouts you can sometimes make less when you use more indicators from different timeframes in your strategy and also corelation pairs. but of course you will never be 100% safe against any fake breakout signals.

you must also take care to low risk in trading to handle the false signals, so 100% always win signals i dont think you can find. 

To add comments, please log in or register