Learn how to use two breakout indicators on a chart to identify trend line breaks and trade for profit. Adjust indicator settings for more accurate signals and consider valid breakout support and resistance. A premium indicator package is available with three indicators, and a link to a Telegram channel with profitable trades is provided.
Breakout Indicators: How to Use Them for Successful Trading
Are you looking for ways to improve your trading strategy and increase your profits? Look no further than breakout indicators. In this article, we will explore two of the best indicators for detecting a trend break and show you how to use them to your advantage.
Auto Trend Indicator: Identifying Breaks Using Default Settings
The first indicator we will examine is the Auto Trend Indicator. To access it, go to the chart and type “Auto Trend” in the search bar. Once added, select the “Taurus” option to activate this default setting.
The Auto Trend Indicator works by identifying breaks in the trend line. When a trend breaks downwards, the indicator gives a short signal, allowing you to open a selling trade. Conversely, when a trend breaks upwards, the indicator gives a long signal, enabling you to open a buying trade.
While the Auto Trend Indicator is effective, it does occasionally give false signals. To remove these signals, change the indicator settings. For example, changing the candlesticks view to “Hey Kinashi” and adjusting the value from 20 to 40 can improve the quality of signals.
Looks Algo Indicator: The Best Breakout Indicator
The second indicator to explore is the Looks Algo Indicator. This indicator is considered the best for detecting breakouts accurately. To add it to the chart, search for “Trend Line” in the indicator section.
The Looks Algo indicator is highly precise and provides accurate signals in the direction of the market trend. To improve the quality of the signals, adjust the settings to decrease the slope value to 1.6 and activate the appropriate item.
Using this strategy, you can open a buying trade when a bullish candlestick breaks a trend line upwards. Similarly, when a bearish candlestick breaks a trend line downwards, a selling signal is issued.
Package Deal: Three Indicators for a Wide Range of Possibilities
For traders who want a package deal with a wider range of possibilities, the Looks Algo Indicator provides a premium version. This package includes three indicators to detect valid support and resistance levels accurately.
To access the premium version, go to the website and select the package. There are three options: one month, three months with a 30% discount, and one year with a 40% discount. Payment can be made in four ways.
Achieving Unbelievable Profits
With proper use of these breakout indicators, achieving profitable trades can become a reality. Last month, our channel achieved 345% profit – an unbelievable feat. To access resources like this, join our Telegram channel right now, before it’s too late.
Conclusion: Successful Trading with Breakout Indicators
In summary, breakout indicators can provide reliable and accurate signals for profitable trading. By using the Auto Trend Indicator and Looks Algo Indicator, traders can improve the quality of their trades and achieve significant profits. With the addition of the Looks Algo Indicator premium version, a wider range of opportunities becomes available. Join our Telegram channel today to stay up-to-date with the latest trading resources and achieve incredible profits.