can give a trader some time ahead to make better trade plans/decisions, and most importantly, to avoid losses. The Desire to be Rich. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. The obvious place to place our protective stop loss is just below the breakout candle because once we break below the candle that initiate the breakout it proves us that this is a false breakout and no real buying is taking place so we better. After we bought we still need to define where to place our protective stop loss and where to take profits, which brings us to the next step of the best breakout trading strategy. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program.
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The content of this article reflects the authors opinion and does not necessarily reflect the official position of LiteForex. Many strategies have been developed with this strategy, and there are still more to come. No Representation is being made that Steven Primo, Global Chart Analysis, m or any of its affiliates confers any degrees or represents themselves as institutions of higher learning. These are the traders that are continually tweaking and changing their trading methods. In the figure below, you can see an actual sell trade example, using the best breakout trading strategy. However, it is not that serious. Prior to the breakout the vwma only gradually moving higher while after the breakout happened, we saw the vwma aggressively moving higher showing a strong presence of volume behind the breakout. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Hypothetical or simulated performance results have certain inherent limitations. To be a successful trader you need not just to minimize losses, but you also need to maximize profits. This seems obvious, but far too many traders seem to forget about the core basics of breakout trading. Cftc rule.41, hypothetical OR simulated performance results have certain limitations.