Break Out + Pull Back & Pure Break Outs 59 replies
BB break + trendline break 24 replies
Looking for L > Break High Break Low Indicator 1 reply
Break out and fake out 0 replies
DislikedI suggested a 5-10 pips offset (cushion) in the other thread as a minimum. Pairs tend to test previous highs and lows. Sometimes they break and sometimes they bounce. I would hate to be taken in a trade and the pair bounce.
That being said. I have traded breakouts over the years and it does not matter where you set your offset. There will always be a few trades that barely take you in and then reverse to hit your stop loss.
I recommend traders have about 3 strategies they use since every strategy has a time where it will not work well. The...Ignored