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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

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
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Version 1.1 2020.01.07
Panel minor fix