Professional Breakout Trading System Review

How Exactly A Trade Is Generated!

1. The first step Professional Breakout Trading System makes is determining the short-term trend direction. As it aims to trade intraday, it needs to determine where the market is most likely going to in short-term, focusing on which has appeared to be most appropriate over focusing on intermediate-term and long-term trends to trade only when the odds are in our favor as going in the apposite direction of the trend is so risky and non-profitable.
   For that, a custom trend indicator has been developed by Professional Breakout Trading System developers to track short-term trend with 2 options; bullish and bearish, so when a blue dot is appears on last closed candle the EA goes long on the bar and vice versa, for a short position. The idea here is that this indicator for its change, it tracks the most recent volatility of EURUSD to detect bigger moves against the trend during volatile times and smaller moves in the quiet mode and adapts automatically to ever changing Forex conditions.
2. The second step is performed by determining the point when the most appropriate time to enter the market long if the market is trending up or short if it is down heading.
   That point is influenced by the most recent price action as once the price exceeds it, the odds increases dramatically and the EA is more likely to be ready to go where the market should appear moving strongly in the predetermined direction. The system then buys on strength and sells on weakness.
3. Once Professional Breakout Trading System is ready to go, it starts setting up the Stop Loss level, it always uses the market placed SL level which is determined at the moment of joining the market. This is to preserve the capital and to have confident trading.
   SL level range whether wide or narrow is determined according to the most recent volatility. Very narrow SL can be used sometimes when the market is quiet while very a big one can be applied during the wild times as in 2008. The difference can reach up to 10 times the size between the two conditions. So the most recent volatility should be considered when syncing with the market and using a small SL in a volatile market is a shortcut for loss.
4. The final step is exiting at the end of the day if any open positions exist whatever the profit or loss we have. As Professional Breakout Trading System is an intraday system, no positions are required to stay held for a very long time.