267
edits
Changes
#* Right-click on the '''Chart Trading''' panel to see the shortcut menu, and then click '''Format Chart Trading'''; or:
#* Select '''Format''' in the main menu and click '''Chart Trading…'''.
# Select the '''Common General Settings''' tab.
# Modify the offset in the '''Stop Limit Offset''' box.
# Click '''OK''' to save changes.
# Open '''Strategy Parameters''' window by one of the following methods:
#* Right-click the Breakout Strategy icon http[[File://www.multicharts.com/img/wiki/strategies/12BRK.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 parameters.
# Click '''Save'''.
# Choose the '''Breakout Template''' icon. http[[File://wwwBRKHEART.multichartspng]] icon.com/img/wiki/strategies/13.png
# Enter Breakout template name.
# Click '''OK'''.
To create Fade strategy orders:
* Drag-and-drop the Fade Strategy icon http[[File://www.multicharts.com/img/wiki/strategies/16FADE.png ]] to the chart; or:
* Right-click at the desired price level on the chart to see the shortcut menu, select '''Place Order''' and then click '''Fade Strategy'''; or:
* Right-click the Fade Strategy icon http[[File://www.multicharts.com/img/wiki/strategies/16FADE.png ]] in the '''Place Order''' menu to see the shortcut menu and click '''Apply Strategy'''. * Double-click the Fade Strategy icon http[[File://www.multicharts.com/img/wiki/strategies/16FADE.png ]] in the '''Place Order''' menu.
===Fade Strategy Parameters===
To modify default Fade strategy parameters:
# Right-click the Fade Strategy icon http[[File://www.multicharts.com/img/wiki/strategies/16FADE.png ]] in the '''Place Order''' menu to see the shortcut menu.
# Click '''Edit'''.
# Modify upper and lower limits values in '''Upper Limit At''' and '''Lower Limit At''' boxes.
# Open '''Strategy Parameters''' window by one of the following methods:
#* Right-click the Fade Strategy icon http[[File://www.multicharts.com/img/wiki/strategies/16FADE.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 Fade parameters.
To create Breakout up/fade strategy orders:
* Drag-and-drop the Breakout Up/Fade Strategy icon http[[File://www.multicharts.com/img/wiki/strategies/19BRKUP.png ]] to the chart; 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 the Breakout Up/Fade Strategy icon http[[File://www.multicharts.com/img/wiki/strategies/19BRKUP.png ]] in the '''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/19BRKUP.png ]] in the '''Place Order''' menu.
===Breakout up/fade Strategy Parameters===
To modify default Breakout up/fade strategy parameters:
# Right-click the Breakout Up/Fade Strategy icon http[[File://www.multicharts.com/img/wiki/strategies/19BRKUP.png ]] in the '''Place Order''' menu to see the shortcut menu.
# Click '''Edit'''.
# Modify '''Breakout''' and '''Lower limit''' values in '''Breakout At''' and '''Lower Limit At''' boxes.
# 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/19BRKUP.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.
==Breakout Down/Fade Strategy==
[[Image:BRKOUT_OUT_Chart.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 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.
===Appearance ===
===Creating Breakout Down/Fade Strategy orders===
To create Breakout down /fade strategy orders:
* Drag-and-drop the Breakout Down/Fade Strategy icon http[[File://www.multicharts.com/img/wiki/strategies/22BDFS.png ]] to the chart; 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 the Breakout Down/Fade Strategy icon http[[File://www.multicharts.com/img/wiki/strategies/22BDFS.png ]] in the '''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 '''Place Order''' menu.
[[Category:Manual Trading]]