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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 3Defining 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

    Our Useful Features & Services

    Published

    02 December 2019

    Updated

    18 October 2020

    Current Version

    2.0

    Reviews

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    lov89 February 26, 2021 7:45 am
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    with this particular sign trade the breakout with manual , will probably be much easier and very clear as never prior to , along with some handling resources the exact same publisher the strategy is complet

    Lorant Nemeth February 26, 2021 7:45 am
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    The user did not keep a comment on the score

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