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  • Comments (12)
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AW Breakout Catcher MT5

5

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

Manual and instruction -> HERE / Problem solving -> HERE / MT4 version -> HERE

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


Reviews 9
Muroh
96
Muroh 2024.03.20 04:46 
 

Great BreakOut Indicator...Works nice!

Muhanad1234 hamoud
257
Muhanad1234 hamoud 2024.01.07 09:04 
 

The best breakout i have used

bph
89
bph 2023.03.20 10:43 
 

отличный и полезный продукт

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The Trend Forecaster indicator utilizes a unique proprietary algorithm to determine entry points for a breakout trading strategy. The indicator identifies price clusters, analyzes price movement near levels, and provides a signal when the price breaks through a level. The Trend Forecaster indicator is suitable for all financial assets, including currencies (Forex), metals, stocks, indices, and cryptocurrencies. You can also adjust the indicator to work on any time frames, although it is recommen
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Muroh
96
Muroh 2024.03.20 04:46 
 

Great BreakOut Indicator...Works nice!

Muhanad1234 hamoud
257
Muhanad1234 hamoud 2024.01.07 09:04 
 

The best breakout i have used

bph
89
bph 2023.03.20 10:43 
 

отличный и полезный продукт

kenan.omran
225
kenan.omran 2022.01.30 13:04 
 

very helpful indicator Can you also send me the dashboard please? Many thanks

Spyhawker
34
Spyhawker 2021.07.12 11:46 
 

For the moment I just testing.

Dukatensammler
20
Dukatensammler 2021.05.02 12:12 
 

I like it. Looks nice too

vitalih
153
vitalih 2021.03.24 10:08 
 

very good

IXOI
42
IXOI 2020.12.09 11:45 
 

Очень качественный продукт! Рекомендую !

holmes2020
180
holmes2020 2020.09.30 20:32 
 

Works just like its describe. making some good results mixing this with trend. 5 stars

Reply to review
Version 2.0 2020.10.18
- Added StopLoss levels
- Updated indicator panel
- General optimization of the indicator code
Version 1.1 2020.01.07
Panel minor fix