Daily Breakout Strategy

One of the easiest methods of trading is to go with the trend. A breakout over the previous days high is a significant move and we want to trade these moves and follow the upward momentum, conversly with breakouts of the previous days low. The system places 2 buy/sell stop orders at the beginning of the session/day.

NT8 Daily Breakout Strategy

NT8 Daily Breakout Strategy

Daily High/Low Breakout automated trading strategy for Ninjatrader 8. Trade the daily market directional bias after price breaks above or below the prior days high or low. 2 orders placed at the high/low at the beginning of each day. Can be traded on day chart or any intraday chart. Configure order placements on high & low with offsets. As with all algo's configure entries/exits, stoploss, trailers, breakeven and multiple profit targets.

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Strategy Concept

OHLC Indicator

Add the OHLC indicator to define the prior days high and low.

Tweak Entry Orders

Change order offsets, position sizing

Choose Exit Methods

Enable exit methods, stoploss, takeprofits, trailing types and daily PnL targets. All backtestable.

Strategy Features

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Stoploss Methods

5 stoploss methods available.

  • Fixed Ticks Distance
  • Fixed Percentage at Market Price
  • ATR (Average True Range) Volatility.
  • Pivot Stoploss: Place the stop on the previous bar(s) high or low based on X-bar lookback period.
  • Prior Day Mid Range Stoploss

Breakeven Methods

  • Fixed Ticks Distance to set breakeven +/- offset
  • Ratio of stoploss distance i.e set BE trigger 2:1 of stoploss

TakeProfit Methods

6 Takeprofit methods + upto 5 Profit Targets

  • Multi Profit Targets upto 5 TP's and runner option
  • Fixed Ticks Distance
  • Fixed Percentage at Market Price
  • ATR (Average True Range) Volatility.
  • Risk Reward Profit Target: Based on the distance of the stoploss multiplied by Reward ratio.
  • Fibonacci Extension Profit Targets
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Fixed Ticks
Bar Trailing
Moving Average Trailing
Moving Average Trailing Properties
All Trailing Methods
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Trailing Methods

4 trailing methods available.

  • Standard Ticks Trailing: Similar to how ATM trailing works by ticks. 
  • Percentage Trailing: Not available through ATM's and can be backtested.
  • Moving Average Trailing: Also not available on ATM's and can be backtested.
  • Bar-by-Bar Trailing: Set lookback period of highs/lows, when profit trigger reached trail to the last high/low within the specified lookback period.

Media

Pricing Plans

Daily Breakout Live Trial

£50 /Trial

  • Try out the Daily Breakout strategy 14 Day Trial
  • No restrictions. Any Market. Live Trial.
  • £50 discount when upgrade to yearly or lifetime subscription
  • 1 Licence

Daily Breakout Yearly Subscription

£350£395 /Year

  • Daily Breakout Strategy Yearly subscription
  • £50 discount when upgrade from 14 day trial
  • 2 Licences.
  • Upgrades and updates all free.
  • Member priority for additional coding requests to strategy.

Daily Breakout Lifetime Licence

£750£795 /Life

  • Daily Breakout Strategy for Life.
  • £50 discount when upgrade from 14 day trial
  • 2 Licences.
  • Upgrades and updates all free for life.
  • Highest priority for additional coding requests to strategy.

Risk Disclosure:

Futures, Options, Forex and cryptocurrency trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

Hypothetical Performance Disclosure:

Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.

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