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[[Image:BRKOUT_OUT_Chart.png|thumb|right|Breakout Strategy on the chart]]
[[Image:BreakOUT_DOWN_DOM.png|thumb|right|Breakout Strategy in the DOM window]]
This strategy is a combination of the breakout and fade strategies defined above, and it is used when the trader expects the price will go down. This strategy will place a sell stop order below current price and buy sell limit above current price. The breakout can be activated if it happens, but also catch the fade if the price rises.
Breakout down/fade strategy orders are displayed as dark cyan markers on the chart connected to the order price labels on the price scale with a dotted line and as dark cyan markers in the DOM window.
For the '''[[Depth of market (DOM)|DOM window]]''', default Breakout down /fade strategy order markers color can be modified in [[Depth of market (DOM)#How to Customize DOM Colors|Format Colors]] menu.
Create Breakout down /fade strategy orders by one of the following methods:
* Drag-and-drop the Breakout Down/Fade Strategy icon http[[File://www.multicharts.com/img/wiki/strategies/22BDFS.png ]] '''to the chart'''; or:* Drag-and-drop the Breakout Down/Fade Strategy icon http[[File://www.multicharts.com/img/wiki/strategies/22BDFS.png ]] to the '''[[Depth of market (DOM)|DOM window]]'''; or:
* Right-click at the desired price level '''on the chart''' to see the shortcut menu, select '''Place Order''' and then click '''Breakout Down/Fade Strategy'''; or:
* Right-click at the desired price level on the '''[[Depth of market (DOM)|DOM window]]''' on the '''Sell''' or '''Buy''' columns to see the shortcut menu, select '''Place Strategy''' and then click '''Breakout Down/Fade Strategy'''; or:
* Right-click the Breakout Down/Fade Strategy icon http[[File://www.multicharts.com/img/wiki/strategies/22BDFS.png ]] in the '''[[Chart Trading#Place Order|Place Order]]''' menu to see the shortcut menu and click '''Apply Strategy'''. * Double-click the Breakout Up/Fade Strategy icon http[[File://www.multicharts.com/img/wiki/strategies/22BDFS.png ]] in the '''[[Chart Trading#Place Order|Place Order]]''' menu.
To modify default Breakout Down/Fade strategy parameters:
# Right-click the Breakout Down/Fade Strategy icon http[[File://www.multicharts.com/img/wiki/strategies/22BDFS.png ]] in the '''[[Chart Trading#Place Order|Place Order]]''' menu to see the shortcut menu.
# Click '''Edit'''.
# Modify Breakdown and Upper limit levels in '''Upper Limit At''' and '''Breakdown At''' boxes.
Click '''More Parameters >>''' to show '''Qty''' and '''Time In Force''' fields (for more info see [[Chart Trading##Setting Order Quantity|Setting Order Quantity]] and [[Chart Trading#Setting Time in Force|Time in Force]] sections).
To save the parameters as a template:
# Open '''Strategy Parameters''' window by one of the following methods:
#* Right-click the Breakout Down/Fade strategy icon http[[File://www.multicharts.com/img/wiki/strategies/22BDFS.png ]] in the '''[[Chart Trading#Place Order|Place Order]]''' menu to see the shortcut menu, then click '''Save as Template'''; or:
#* Click on the '''Save as Template''' button in the '''Place Strategy''' window when applying the strategy.
# Modify default '''Breakout Down/Fade''' parameters.