Breakouts of price levels, advanced statistics, take profit calculation and 3 types of notifications.

• Does not redraw its results
• The signal is strictly at the close of the candle
• False breakout filtering algorithm
• It is perfectly combined with any trend strategy
• Works on all tools and timeseries

To use the full potential of the indicator, we strongly recommend reading this information –

mt4 version -> 

Troubleshooting, contacting the author –>>

How to trade with the indicator

Trade 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 – Definition of Stop Loss

• Select SL on the opposite signal

Step 3 – Defining the TakeProfit strategy

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• Strategy 1: Close the entire position when TP1 is reached
• Strategy 2: Close 50% of the position when TP1 is reached and the remaining 50% when TP2 is reached
• Strategy 3: Close the entire position on the opposite signal

For a better pair selection, use the built-in statistics calculations.

• Calculate trades – The total number of signals for which statistics are given
• Success rating – The percentage of signals that reached TP1, or were in a positive profit during the reversal
• TakeProfit1 Hit-Percentage of signals that reached TP1
• TakeProfit2 Hit-Percentage of signals that reached TP2
• ExitProfit-the percentage of signals that did not reach TP1, but were in a positive profit with a new signal
• ExitLoss-the percentage of signals that did not reach TP1, but were in a negative profit with a new signal

• Range filtering-Coefficient for filtering market ranges
• 1.0 – For day 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
• Multiplier of target-Coefficient for TakeProfit 1 and TakeProfit 2 goals
• Maximum bars – The number of candlesticks for calculating statistics

• 1.0 – For day trading 
• 1.5-2.0 – For scalping

• 4-9 – For scalping
• 10-15 – For day trading

User’s guide and instructions for working with the indicator –

mt4 version -> 

Other developments of the author -> >

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