TopTradeTools – Trend Breakout Levels
TOP Trend Breakout Levels for Trend Breakout Trading
Strategy
Breakout strategies have been one of the most time tested methods to trade market trends. When breakout levels are effectively optimized, a breakout strategy can allow you to effectively enter into a strong trend and manage your position as the trend persists. When strong trends present themselves in markets over time, they can represent the best opportunities to generate windfall profits!
Risk Disclaimer: There is a risk of loss when trading and past performance is not necessarily indicative of future results.
TOP Trend Breakout Levels with Trade Setups
TOP Trend Breakout Levels can be used to trade an underlying trend in any market. When combined with short-term trade setups, traders can enter markets with short-term setups and then participate in the trend by allowing the TOP Trend Breakout Levels to manage their trend position. The following chart provides a good example of this type of strategy.
Using a Pyramid Strategy with TOP Trend Breakout Levels
The TOP Trend Breakout Levels can be used with a pyramid trading logic. The TOP Trend Breakout Levels can be used to identify a primary trend and a pyramid strategy can be used to generate an entry signal or pyramid signals to add to an existing position.In the daily TSLA chart above, the TOP Trend Breakout Levels identified the long-term trend and a short-term buy entry pyramid strategy generated trade signals that could be used to enter into the longer-term trend in TSLA. This strategy, along with many others, represents creative ways to trade long-term trends!
Simple Indicator Settings
We have designed the TOP Trend Breakout Levels indicator to be both powerful and easy to use. Depending on the time focus of the trend you want to trade, the BuyLookBack and SellLookBack parameters can be increased in value to focus on longer-term trends or decreased in value to focus on shorter-term trends. The remaining parameters can be used to modify the colors of the breakout lines and the middle reference line.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN…..Get other products by TopTradeTools right now!
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