AW Breakout Catcher

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