Changes

[[Image:Breakout for the chart.png|thumb|right|Breakout Strategy on the chart]]

[[Image:Breakout Strategy in DOM.png|thumb|right|Breakout Strategy in the DOM window]]

The Breakout Strategy will place two stop orders at the prices (distance) specified, in order to catch the breakout when it happens. A buy stop order will be placed above the current price and a sell stop order below the current price.

Breakout Strategy orders are displayed as medium purple markers on the chart connected to the order price labels on the price scale with a dotted line and as medium purple markers in the DOM window.

For the '''[[Depth of market (DOM)|DOM window]]''', default Breakout Strategy order marker color can be modified in [[Depth of market (DOM)#How to Customize DOM Colors|Format Colors]] menu.

Create Breakout Strategy orders by one of the following methods:

* Drag-and-drop the Breakout Strategy icon http://www.multicharts.com/img/wiki/strategies/12.png to the '''chart'''; or:

* Double-click the Breakout Strategy icon http://www.multicharts.com/img/wiki/strategies/12.png in the '''[[Chart Trading#Place Order|Place Order]]''' menu.

To modify default Breakout Strategy parameters:

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: