Thanks for sharing.
Have you backtested it? I have found very few breakout strategies that work in the long term.
Most seem to be working for a short period (sometimes only the sample period) and than start losing.
Try to confirm breakout with Moving Averages (to confirm strength of trend), or a pullback to the supportresistance level that was broken.
Have you backtested it? I have found very few breakout strategies that work in the long term.
Most seem to be working for a short period (sometimes only the sample period) and than start losing.
Try to confirm breakout with Moving Averages (to confirm strength of trend), or a pullback to the supportresistance level that was broken.
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