Breakouts of price levels, advanced statistics, take profit calculation and 3 types of notifications.
Advantages:
- Does not redraw its results
- The signal is strictly at the close of the candle
- The algorithm for filtering false breakouts
- 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 – https://www.mql5.com/ru/blogs/post/740854
To use the full potential of the indicator, we strongly recommend reading this information – https://www.mql5.com/ru/blogs/post/740854
mt5 version -> > https://www.mql5.com/ru/market/product/28263
Troubleshooting, contacting the author –>> https://www.mql5.com/ru/blogs/post/741040
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Troubleshooting, contacting the author –>> https://www.mql5.com/ru/blogs/post/741040
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 strategy take profit
- 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
Statistics module
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 positive profit when the reversal occurred
- 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
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 positive profit when the reversal occurred
- 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 the purposes TakeProfit 1 and TakeProfit 2
- 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
User’s guide and instructions for working with the indicator – https://www.mql5.com/ru/blogs/post/740854
mt5 version -> > https://www.mql5.com/ru/market/product/28263
User’s guide and instructions for working with the indicator – https://www.mql5.com/ru/blogs/post/740854
User’s guide and instructions for working with the indicator – https://www.mql5.com/ru/blogs/post/740854
Other developments of the author -> > https://www.mql5.com/ru/users/nechaevrealle/seller
Other developments of the author -> > https://www.mql5.com/ru/users/nechaevrealle/seller
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