This breakout system is based on this post that uses the ICT trading model. There are many online sources that explain how ICT works. I’m not familiar with the ICT model, but the post shows a repeatable pattern, which I’ll share here. People who know more about ICT can check if the examples below follow the ICT model.
A simple way to begin testing is to place a pending stop order at the breakout or breakdown level.
Below is the breakout setup that matches the April 3 XAUUSD example from the post.
A simple way to begin testing is to place a pending stop order at the breakout or breakdown level.
Below is the breakout setup that matches the April 3 XAUUSD example from the post.