Breakout Trading is most common indicator among the traders. It works on the ATR and Multiplier. In our strategy we are using the simple Breakout Trading on M15 chart. This strategy works on normal candlesticks.
Breakout Trading works on M15 time-frame and we are using ATR Period 10 and Multiplier 4. Whenever the signal comes, it takes the trade accordingly. If you wish to trade on the renko chart then you need to check our MT4 bridge because the strategy signals comes on normal candlestick charts.
Breakout Trading is a positional strategy. In the performance page it will give you the result on the basis of positional. But, if you wish to trade on Intraday then you can keep MIS and use it but there is no guarantee of daily signal. It will generate the signals on the positional basis only.
This Strategy works with the Normal SL and TP method. In the strategy, we have SL of 0.5% and Targets 0.5, 1.0, and 1.5%. Users can decide the Stoploss and Targets accordingly.
In the customize strategy panel, we have various order options. You can trade with Market Orders, Limit Orders, Brackets, and Cover Orders. But, we recommend using the Markets Orders because in the Limit order sometimes orders will remain pending and it creates problems. If you are using the Bracket or Cover Orders, Please keep the SL and TP manually while creating a symbol because in the case of BO and CO it will only take the signals from the strategy. Once a signal comes, it takes the set SL and TP and punches the orders on market.
Aandginfotech is fully automated trading Bots that can place all trade transactions without manual intervention on your own trading Account Based on the built-in strategies.
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