Trend Line Breakout in a Trending Market
Creating a Trend Line Breakout Strategy for a Trending Market
Last updated
Creating a Trend Line Breakout Strategy for a Trending Market
Last updated
This guide will walk you through creating a Trend Line Breakout Strategy for a Trending Market
Select Trend Line Breakout as your Indicator
Set the Indicator settings for the Trend Line Breakout
Save the Indicator
Drag a Condition Block onto the canvas.
Connect the Trend Line Indicator Block to this Condition Block.
For "Line 1", select "Bullish Breakout".
For "Condition", choose "Is".
For "Line 2", select "True".
Save the settings.
Select EMA as your Indicator
Set the Indicator settings for the EMA
Save the Indicator
Drag a Second Condition Block onto the canvas.
Connect both the EMA Indicator Block and the First Condition Block to this Condition Block
For "Line 1", select Close.
For "Condition", choose "Is Above".
For "Line 2", select EMA
Save the settings.
Drag an Open Trade Block onto the canvas and connect it to the Condition Block.
Configure it to "Buy" when the condition is met (Green Dot Connection).
This will "Buy" when all the conditions are met
Click the "Compile" button to generate the code for your strategy.