Trend Breakout System Overview

The Trend Breakout System is a trend continuation system that uses specific price structure patterns along with pivots and fractals to plot dynamic fibonacci retracements and extensions. Used for locating ranges that determine entries as well as various targets and stoplosses.

The Expert Advisor (EA), indicator and dashboard are available for MetaTrader 4 & 5. The system works seamlessly with Forex, commodities, indices, equities, cryptocurrencies and more. Trading trend continuations within existing technical analysis setups providers traders with additional support for pinpointing positions of entries along with their targets.

Trend following & trend continuation methodologies used:

• • • Uses strategic pivot locations to base price pattern projections from the most recent close price.
    • Price pattern projections include customisable Fibonacci level options for:
      • Dynamic entries
      • Dynamic trailing & fixed stop loss
      • User defined fixed take-profit level and early exit options

Price pivots & swing identification methodologies used:

• • 1. 5-Bar Fractals
       • Can be customised from 3-bar fractals up to 20-bar fractals if desired
    2. Breakout Structures
       • Price breakout patterns with customisable candle period widths:
         • Double Top
         • Double Bottom
         • Triple Top
         • Triple Bottom
       • Price can be calculated using any of the following price forms:
         • Close (default)
         • High/Low
           • High if seeking double/triple tops
           • Low if seeking double/triple bottoms
       • All four patterns have the option to use strict or non-strict structures:
         • Double tops & triple tops:
           • Strict: right peak must make a lower high
           • Non-strict: right peak can make a higher high (to a certain extent)
         • Double bottoms & triple bottoms:
           • Strict: right dip must make a higher low
           • Non-strict: right dip can make a lower low (to a certain extent)

Supported platforms for each system component:

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Trend Breakout Indicator

• • • Trend Breakout Indicator for MetaTrader 4 (MT4)
    • Trend Breakout Indicator for MetaTrader 5 (MT5)

Trend Breakout Expert Advisor (EA)

• • • Trend Breakout Expert Advisor (EA) for MetaTrader 4 (MT4)
    • Trend Breakout Expert Advisor (EA) for MetaTrader 5 (MT5)
      • Recommended for machine learning when performing fast and slow genetic optimizations

Trend Breakout Dashboard

• • • Trend Breakout Dashboard for MetaTrader 5 (MT5)

Coming soon to the following charting & trading platforms:

• • • Tradingview
    • NinjaTrader
    • eSignal
    • MultiCharts

Trend continuation & trend following lessons are coming soon:

• • • Trend Trading 101
      • What is a Trend Breakout
      • Trends Within Price Action
      • Price Breakouts vs. Trend Breakouts
      • Breakouts in Trend Continuations
    • Price Action Swing Analysis
      • Fractal Pivots (5 Bar Fractals)
      • Double Bottom Breakout Structure
      • Triple Bottom Breakout Structure
      • Double Top Breakout Structure
      • Triple Top Breakout Structure
    • Fibonacci in Trend Following Setups
      • Locating Precise Swing Locations
      • Placing Fibonacci Retracements
      • Retracement Levels in Trend Setups
      • When to Use Fibonacci Extensions

References
https://algorush.com/wiki/trend-breakout-system-overview
https://algorush.com/trading-systems-for-metatrader/trend-breakout-overview/