- April 9, 2020
- Posted by: Forex Wiki Team
- Categories: Forex Trading System, Free Forex Indicators
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Hi Dear Forex Wiki ,
TOP Signal Breakout Description :
Easy-To-Use super indicator! You can now get advanced hedge fund caliber breakout trading technology developed for both new and professional traders! The TOP Ultimate Breakout strategy can be used to trade Stocks, Options, Futures, Forex, ETFs, and CFDs. Applications for Day Trading, Swing Trading, and Trend Trading.
Designed after an actual Hedge Fund breakout strategy that we used to manage millions of dollars of real money in the markets. The predecessor to the TOP Ultimate Breakout strategy helped us win Hedge Fund Star Search honors. In fact, the TOP Ultimate Breakout strategy could be one of the most powerful breakout strategies available!
Modeled after actual Hedge Fund Breakout Strategy
Our hedge fund researched many different types of trading strategies. Our goal was to develop the most effective strategies to manage our multi-million dollar portfolio. We selected a core set of back-tested trading strategies to manage millions of dollars of real client funds, and one of our core strategies was based on the Breakout Trading System. Our core strategies enabled us to earn the honor of Top New (CTA) Hedge Fund Manager Class with Futures Magazine, where our hedge fund was featured as one of four top hedge fund managers for the year out of a pool of over 30 international hedge fund managers.
Our trading advantage involved developing the most robust trading strategies that could have the ability to trade many different asset classes and, in addition, that could also trade a wide variety of challenging market environments. We discovered that an optimized breakout strategy was could be highly effective in trading markets that were experiencing good directional volatility or trending characteristics.
We have worked hard to make a good thing better! We have made powerful enhancements to our original core breakout trading strategy concept by incorporating multiple profit target levels along with our modified trailing stop algorithm. The result is a powerful, easy-to-use breakout trading strategy that can be used to trade many different types of markets.
Trade Stocks, Options, ETFs, Futures, and Forex Markets.
It doesn’t matter what markets you trade, the Ultimate Breakout strategy is designed to trade multiple asset classes including Stocks, Options, ETFs, Futures, and FOREX markets. In fact, the broad application potential of our hedge fund breakout strategy helped us win Top New (CTA) Hedge Fund Managers Class in Futures Magazine.
The TOP Ultimate Breakout strategy makes it easy to identify real-time Buy and Sell breakout signals in any market you trade right on your charting window. With clearly defined breakout entry and profit target exit levels, there is no confusion about where to enter or exit your trades. The labels displayed on the chart above highlight the breakout and profit target lines in the TOP Ultimate Breakout strategy.
Trading the TOP Ultimate Breakout is easy! Here is how it works. If you identify a bullish trade setup and are looking to buy in a market, you would place your Buy Entry Stop at the level of the Dashed Green Line in the chart below.
When this level has been hit by your market, then the TOP Ultimate Breakout strategy will display your Breakout Trading Lines, which include your Entry Line (White), Profit Target #1 line (Yellow), and Profit Target #2 line (Magenta Line).
Once your Buy Entry Stop has been hit and you are long the market, then you should consider placing your Risk Management Stop below the solid blue Trailing Stop line (see chart above).
TOP Signal Breakout Settings:
Some trading strategies require you to learn complex parameter settings before you can effectively use the trading strategy. Not with TOP Ultimate Breakout. We have designed the TOP Ultimate Breakout to include key parameters to give you the power and flexibility to modify entry and exit lookback periods, modify profit target levels, select line colors, and to even turn off breakout entry and profit target lines if you so desire.
Below is a brief description of each strategy parameter:
BuyorSell – Set the TOP Ultimate Breakout to Buy Mode or Sell Mode by entering the following:
“Buy” or “buy” or “B” or “b” – Sets Ultimate Breakout to Buy Mode
“Sell” or “sell” or “S” or “s” – Sets Ultimate Breakout to Sell Mode
Recommended Default: “Buy” or “Sell”
Possible Values: “Buy” or “buy” or “B” or “b” or “Sell” or “sell” or “S” or “s”
BuyEntry (Buy Mode Only) – This sets the lookback period for your Buy Breakout Entry Signal. If this value is set to 1, then the TOP Ultimate Breakout would enter a Buy or Long position when the market breaks above the high of the previous price bar. If this value is set to 5, then the TOP Ultimate Breakout would enter a Buy or Long position when the market breaks above the highest high for of the previous 5 price bars.
Recommended Default: 3
Recommended Range: 1 – 5
SellEntry (Sell Mode Only) – This sets the lookback period for your Sell Breakout Entry Signal. If this value is set to 1, then the TOP Ultimate Breakout would enter a Sell or Short position when the market breaks below the low of the previous price bar. If this value is set to 5, then the TOP Ultimate Breakout would enter a Sell or Short position when the market breaks below the lowest low for of the previous 5 price bars.
Recommended Default: 3
Recommended Range: 1 – 5
BuyExit (Buy Mode Only) – This sets the lookback period for your Buy Trailing Stop Exit. This works similar to the SellEntry setting in that it references previous bar lows, but it uses a slightly different algorithm designed specifically for the Trailing Stop.
Recommended Default: 20
Recommended Range: 5 – 100
SellEntry (Sell Mode Only – This sets the lookback period for your Sell Trailing Stop Exit. This works similar to the BuyEntry setting in that it references previous bar highs, but it uses a slightly different algorithm designed specifically for the Trailing Stop.
Recommended Default: 20
Recommended Range: 5 – 100
TargetATRMult – This sets the distance between your breakout entry signal and your Profit Targets. The larger the number, the further away your Profit Targets will be from your entry signal line.
Recommended Default: 1
Recommended Range: 0.5 – 3
DisplayLines – Set this to True to display the Entry and Profit Target Lines or False to not display these lines.
Recommended Default: True
Possible Values: True of False
BuyEntryColor – Sets color of the Buy Entry Dashed Line. Set this to any platform color. (Default Green)
SellEntryColor – Sets color of the Sell Entry Dashed Line. Set this to any platform color. (Default Red)
ExitStopColor – Sets color of the Trailing Stop Line. Set this to any platform color. (Default Blue)
Target1Color – Sets color of the Profit Target #1 Line. Set this to any platform color. (Default Yellow)
Target2Color – Sets color of the Profit Target #2 Line. Set this to any platform color. (Default Magenta)
EntryPriceColor – Sets color of the Entry Price Line. Set this to any platform color. (Default White)
Price Digits – Sets the significant digits for the prices displayed next to your lines. (Stocks Default: 2, FOREX Default: 4)
TOP Signal Breakout Results:
Day Trade, Swing Trade, or Trend Trades with Ultimate Breakout
There are not many trading strategies that you can use to Day Trade, Swing Trade, and Trend Trade. However, the TOP Ultimate Breakout strategy can be highly effective at achieving profits with all of these types of trading. It is important to note, however, that there is a risk of loss when trading in the markets.
Euro Currency Trend Trade Example
When the Euro currency began to fall sharply against the US Dollar, the TOP Ultimate Breakout strategy was effective in identifying an excellent Sell Signal and was effective in capturing profits from the down trend with the Trailing Stop (see chart below).
Referencing the Euro Currency Short trade example in the chart above, you can see that for one contract you could have made $1,825 in profit by exiting at Profit Target #1, or you could have made $3,662 in profit by exiting at Profit Target #2, or you could have made $32,862 in profit by exiting at the Trailing Stop level.
The TOP Ultimate Breakout makes it easy for you to not only see where to get into markets, but this powerful strategy also makes it easy for you to see where to exit markets as well. The above Euro currency example demonstrates the ability of the TOP Ultimate Breakout to capture profits quickly or, in cases of very strong trending markets, capture profits from trending price moves as well (by exiting at the Trailing Stop).
In this case, the Trailing Stop would have been effective in profiting from the longer-term down trend move. By giving you three different exit opportunities, the TOP Ultimate Breakout offers flexibility for all types of trading, including day trading, swing trading, and trend trading. By changing the bar interval timeframe on your chart, you can focus on shorter-term or longer-term trades.
Be sure to read the hypothetical risk disclaimer at the bottom of this webpage. It goes without saying that when trading in the markets, there is both a potential to profit and a risk of loss.
Ability to Profit from Selling Short
The TOP Ultimate Breakout not only has the ability to profit from long trades, but the TOP Ultimate Breakout also has the potential to profit from short trades as well by entering Sell signals at the Sell Entry Breakout level like the Euro currency example above.
TOP Signal Breakout Download :
[ForexWikiTrading]TOP_Ultimate_Breakout
