Minimum (maximum) breakout strategy.

Most analysts believe that if the price overcomes yesterday's minimum or maximum, then with a high probability this movement will continue for some time.

The main thing is to create the right trading system, which will guarantee you a profit; this is not as difficult as it seems.

True, one of the disadvantages will be the infrequent opening of transactions, because a breakout of extremes does not happen every day, which means that the conditions for opening a transaction may not arise.

Trading is carried out using pending orders, the principles of placing which are quite simple, the main thing is to place the stops correctly.

1. We analyze yesterday, determine the maximum and minimum price values ​​in this time period.

2. Place a Sell stop 10 points further than yesterday’s low and a Buy stop order 10 points further than yesterday’s high.

3. Set the stop loss at 15 points before the opening price of the order, depending on its type.

4. Set take profit to 25 points.

5. To reduce unprofitable trades, it is also recommended to install the breakeven script , it compensates for the consequences of false breakouts.

By moving the stop after the price reaches the level you set. In general, the strategy is quite working, its only drawbacks are the infrequent opening of transactions and the occurrence of false breakouts, the latter is compensated by the size of the stop loss and take profit and the above script.