High Probability Breakout Trendline 外汇EA

⚡⚡  V E R Y  I M P O R T A N T   ⚡⚡

• This is not a stand alone indicator. Use it with your own trend-following strategy for confirmation.  
• You can put it in any charts and timeframes.
• If there is no trendline appears in some timeframes, it means there is no possible high probability breakout.
• If you don’t have a solid trend-following strategy yet, you can use this indicator together with the VOLATILITY WATCHER INDICATOR.
  You can download it from this link… https://www.mql5.com/en/market/product/46475
• You may also need to observe overbought and oversold status of your pair by using the OBOS WATCHER. You can download it form this link…https://www.mql5.com/en/market/product/47894 

💎💎  F E A T U R E S  💎 💎

• The indicator uses a proprietary breakout algorithms.
• You can choose to change the number of bars to analyze in the parameter window.
• The foundation of the indicator is based on one of the features of the DT Playbook strategy introduced in the e-book, Uncharted Stratagems:
  Unknown Depths of Forex Trading. Read it here… https://www.yumpu.com/en/document/view/63068016/uncharted-stratagems-unknown-depths-of-forex-trading

💎💎  A P P L I C A T I O N  💎 💎

• Trend Following  only.
• For risk management, you can use your own Stop-Loss and Take Profit methods.
• For money management, you can choose to use your own style depending on your risk appetite.
• CONFIRMATION: When the current candlestick (rightmost bar) breaks the line, it confirms your trend-following analysis.