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Free Automated Strategies (1 of 3): Trading Breakouts

From dailyfx.com

Throughout this 3-part article series, we are going to explore three different trading strategies, the market conditions they work best in, and how we can automate these strategies to run on our accounts for free. This first article we begin by looking at a breakout strategy that uses the Speculative Sentiment Index (SSI), Donchian Channel (DNC), and Average True Range (ATR) to trade high volatility markets. When Can We Use a Breakout Strategy? When support or resistance is broken and a breakout occurs, we want to see price move as violently as possible in the direction of the break. This will maximize our profit ... (full story)

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