Thread: System based on false break + volume (actual price action)

One question: what kind of stop loss do you use? Because in M15 the fakeouts can be violent and a very tight SL leaves you out before the operation takes off. I�m having trouble with that.

I place the SL just above the fuse (in case of false bullish breakup)

I still don't understand how anyone can trust a system that goes "against" the break-up. What if the break-up was legitimate? What if it was just a retest? These types of inputs are cannon fodder for small beads.

It's not about going against it for going against it. It's about observing the context, the behavior of the candle that breaks, the volume and the subsequent reaction. If you don't know how to read the market, any system will be a failure.

I appreciate you explaining it without selling smoke or promising magical returns. I can tell you have tested it head-on. I�m going to put together a template in MT4 to better identify these fake breaks. I�ll tell you how it�s going.

Thank you for this explanation, it makes much more sense than many paid courses I've seen out there.

And what if the volume of the broker is manipulated or doesn't represent reality well? Don't you find it dangerous to trust that so much?

Thank you for sharing a real experience without so much smoke. It gives me confidence that you talk about your mistakes as well.

Thanks, I'm already testing it with my demo and it looks really good. I love how you structured everything.

Do you have statistical evidence that the system is profitable in the long run or do you only speak from your feelings?