Manual Breakout
The Breakout option is best used with the Enter Long and Enter Short manual entry buttons. This option is used to quickly “arm” a trade. It will enter as soon as the price breaks above/below the previous bars price or closes above/below, depending on your configuration.
Long Entry:
⤷ In order to Enter Long with the Breakout option selected, the current price must go above the previous bars High.
⤷ Combine with On Bar Close and it will only enter if the bar closes Above the previous bars High.
⤷ Combine with Buy Up / Sell Down and the bar must also close as a Green candle.
Short Entry:
⤷ In order to Enter Short with the Breakout option selected, the current price must go below the previous bars Low.
⤷ Combine with On Bar close and it will only enter if the bar closes Below the previous bars low.
⤷ Combine with Buy Up / Sell Down and the bar must also close as a Red candle.