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Monitoring for and trading a breakout

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A common concept many traders use is the idea of a breakout. Points of interest are when the price breaks out from a consolidation range or from previous highs and lows.


Key concepts in this example

Determining and storing the first 30 bar high
Submitting a long stop order to be filled when price breaks out from the 30 bar high
Closing positions after a certain amount of bars have passed
Resetting the 30 bar high at the start of every new trading session


Important related documentation



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