AW Breakout Catcher MT5

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

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