Breakout Strategy - page 2

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What I do is I take a strategy and put it inside [redacted], I then run the strategy before it is developed to analyse if it will be effective or not, a good way to start out for anyone who wants to develop a strategy. [redacted]

 
@Nardus Van Staden #: What I do is I take a strategy and put it inside [redacted], I then run the strategy before it is developed to analyse if it will be effective or not, a good way to start out for anyone who wants to develop a strategy. [redacted]
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Using swing points for this, In input parameter put two swing point and one is for retest, if you are a coder you may do this well.
 
Stop loss hunts will make your strategy unreliable. 
If you code it into EA, and EA will manage huge balances it will bring even more smart money to take your free money to them ;-) 
 
There's already so many breakout strategy EAs, but few of them run long-term. Just my personal thought
 
I use a simple idea, a break below the pivot is considered an opportunity to sell & TP set at the first support. 
 
growthfather #:
I use a simple idea, a break below the pivot is considered an opportunity to sell & TP set at the first support. 
Do you adjust your TP if there is a sign of reversal before reaching the first support?
 
Marcel:

The way I trade breakouts is to first look for an area of resistance or support that has at least two touch points and when there is a break of this area I wait for a retest to enter.

I am wondering if it would be a possible strategy to trade simple breaks of structure and changes of character the same way. Instead of the condition of having two touch points, I would just find the swing point and use this as the support or resistance level, then wait for a break of structure or change of character and then the retest to enter. 

Thank you for any feedback!!

there're many different support and resistance cases , some two points , some 3,4,or even 10 touch points , which after a price reverse,  a fix strategy of breakout is not able to work out a stable EA long term profitable. you need to comebine something else. 
 
richardmike #:
there're many different support and resistance cases , some two points , some 3,4,or even 10 touch points , which after a price reverse,  a fix strategy of breakout is not able to work out a stable EA long term profitable. you need to comebine something else. 

stop responding to old posts.

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