1. The basic concept for this strategy is to use false breakout logic based on price levels.
2. We will enter a trade when the price exhibits a false breakout, where it initially breaks a level but then reverses direction.
3. The main concept of this strategy is to capitalize on false breakouts of price levels. The strategy involves building levels based on the highs and lows over a certain period. When these price levels appear to break out but then reverse, we use these false breakouts as entry points. You can adjust the period to find setups that suit your trading pair and timeframe.
4. A function for calculating risk on the portfolio (your deposit) has been added to the Wunder False Breakout. When this option is enabled, you get a calculation of the entry amount in dollars relative to your Stop Loss. In the settings, you can select the risk percentage on your portfolio. The loss will be calculated from the amount that will be displayed on the chart.
5. For example, if your deposit is $1000 and you set the risk to 1%, with a Stop Loss of 5%, the entry volume will be $200. The loss at SL will be $10. 10$, which is your 1% risk or 1% of the deposit.
Important! The risk per trade must be less than the Stop Loss value. If the risk is greater than SL, then you should use leverage.
The amount of funds entering the trade is calculated in dollars. This option was created if you want to send the dollar amount from Tradingview to the exchange. However, putting your volume in dollars you get the incorrect net profit and drawdown indication in the backtest results, as TradingView calculates the backtest volume in contracts.
To display the correct net profit and drawdown values in Tradingview Backtest results, use the ”Volume in contract” option.
2. We will enter a trade when the price exhibits a false breakout, where it initially breaks a level but then reverses direction.
3. The main concept of this strategy is to capitalize on false breakouts of price levels. The strategy involves building levels based on the highs and lows over a certain period. When these price levels appear to break out but then reverse, we use these false breakouts as entry points. You can adjust the period to find setups that suit your trading pair and timeframe.
4. A function for calculating risk on the portfolio (your deposit) has been added to the Wunder False Breakout. When this option is enabled, you get a calculation of the entry amount in dollars relative to your Stop Loss. In the settings, you can select the risk percentage on your portfolio. The loss will be calculated from the amount that will be displayed on the chart.
5. For example, if your deposit is $1000 and you set the risk to 1%, with a Stop Loss of 5%, the entry volume will be $200. The loss at SL will be $10. 10$, which is your 1% risk or 1% of the deposit.
Important! The risk per trade must be less than the Stop Loss value. If the risk is greater than SL, then you should use leverage.
The amount of funds entering the trade is calculated in dollars. This option was created if you want to send the dollar amount from Tradingview to the exchange. However, putting your volume in dollars you get the incorrect net profit and drawdown indication in the backtest results, as TradingView calculates the backtest volume in contracts.
To display the correct net profit and drawdown values in Tradingview Backtest results, use the ”Volume in contract” option.