$BTC Have you all found a smart way to use the breakout indicator that I shared in the previous post? Let me show you a simple way to use it: if there is a breakout upwards, open a long position; if there is a breakout downwards, open a short position. In the image, the last white candle appears with a green arrow indicating that the candle has moved beyond the previous high. Immediately open a market order to enter, with a stop-loss at the bottom of the candle and a profit-taking level equal to three times the distance of the stop-loss, that is, RR=3.
It is recommended to use this on H4 or D time frames for better results compared to smaller time frames.
The results are pleasant; however, there are many instances where it also fails.
To be objective, I tested this strategy with BTC to provide an objective perspective for all of you. The testing results show 520 executed trades, with capital of 100,962,627,944.76 for spot trading (or 10,000 for futures using 10x leverage), resulting in a profit of 47.84%.