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[[Image:Breakout Up Fade Strategy on the chart.png|thumb|right|Breakout Strategy on the chart]]
[[Image:Breakout UpFade in DOM.png|thumb|right|Breakout Strategy on the chart]]
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 up. This strategy will place a buy stop above the current price and a buy limit order below the current price. The breakout can be activated if it happens, but also catch the fade if the price falls.
Breakout Up/Fade Strategy orders are displayed as sienna markers on the chart connected to the order price labels on the price scale with a dotted line and as sienna markers in the DOM window.
For the '''[[Depth of market (DOM)|DOM window]]''', default Breakout up/fade strategy order markers color can be modified in [[Depth of market (DOM)#How to Customize DOM Colors|Format Colors]] menu.
To create Breakout up/fade strategy orders:
* Drag-and-drop the Breakout Up/Fade Strategy icon http[[File://www.multicharts.com/img/wiki/strategies/19BUFS.png ]] '''to the chart'''; or: * Drag-and-drop the Breakout Up/Fade Strategy icon http[[File://www.multicharts.com/img/wiki/strategies/19BUFS.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 Up/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 Up/Fade Strategy'''; or:
* Right-click the Breakout Up/Fade Strategy icon http[[File://www.multicharts.com/img/wiki/strategies/19BUFS.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/19BUFS.png ]] in the '''[[Chart Trading#Place Order|Place Order]]''' menu.
To modify default Breakout up/fade strategy parameters:
# Right-click the Breakout Up/Fade Strategy icon http[[File://www.multicharts.com/img/wiki/strategies/19BUFS.png ]] in the '''[[Chart Trading#Place Order|Place Order]]''' menu to see the shortcut menu.
# Click '''Edit'''.
# Modify '''Breakout''' and '''Lower limit''' values in '''Breakout At''' and '''Lower Limit 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 Up/Fade strategy icon http[[File://www.multicharts.com/img/wiki/strategies/19BUFS.png ]] in the '''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 Up/Fade''' parameters.