This is a discussion of a trading strategy that has a built-in definition and basic ruleset for trading breakouts. The strategy involves setting a stop below the swing low/final breakdown bar, taking a 1:1 profit of the breakdown bar, exiting on any close below the breakout bar, and moving the stop to break even after the first exit. If stopped below the low, the order is reset for a second entry.

2 contracts When Entry Triggers:

• Set stop below the swing low/final breakdown bar

• Take 1:1 of the breakdown bar

• Exit on any close below breakout bar
• Stop Moves to break even after first exit

If stopped below the low, reset order for second entry

Long

Trail Stop Entry Over Each Breakdown Bar

2 contracts When Entry Triggers:

• Set stop below the swing low/final breakdown bar

• Take 1:1 of the breakdown bar