• Overview
  • Reviews (2)
  • Comments (5)
  • What's new

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



Dr Waleed Mahdy
2278
Dr Waleed Mahdy 2019.12.05 16:00 
 

i check it many time

i see in the first check there is good

in the next week i renew my review

i see there is magic support from the author

he added all support you need

once send message he respond

and also the indicator is good

but you need to learn how to catch the enter when the message send

thanks for alexander good support

Simba W
82
Simba W 2019.12.05 12:14 
 

Yes! It Catches

Version 1.10 2019.12.03
Updated multi-currency panel connectivity