Rubicon River said:Hi,
I would be grateful if you could explain what you constitute as a breakout and how you calculate it.
Ditto, how are you determining what is a "breakout"? Are you judging this from previous support/resistance levels, if so, for how many days/weeks back?
It's easy to spot a breakout in hindsight, at the end of the day with the enitre chart before you, but on a candle by candle basis (hourly ones at that!), it's hard.
I would also be interested to know how you're generating trades automatically, because as FC says, this system would mean a long day infront of the screen