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# Enter Fade template name.
# Click '''OK'''
==Breakout Up/Fade Strategy==
[[Image:Breakout Up Fade Strategy on the 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 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.
===Appearance===
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.
Default Breakout up/fade strategy order markers color and connecting lines length can be modified in [[Chart Trading#Appearance|Format Chart Trading]] menu.
===Creating Breakout Up/Fade Strategy orders===
To create Breakout up/fade strategy orders:
* Drag-and-drop the Breakout Up/Fade Strategy icon http://www.multicharts.com/img/wiki/strategies/19.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://www.multicharts.com/img/wiki/strategies/19.png in the '''Place Order''' menu to see the shortcut menu and click '''Apply Strategy'''.
* Double-click the Breakout Up/Fade Strategy icon http://www.multicharts.com/img/wiki/strategies/19.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://www.multicharts.com/img/wiki/strategies/19.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.
'''Breakout''' and '''lower limit''' levels are ''interrelated'' with price offsets. You may modify either level or the price offset.
Click the '''Price Level''' button or the '''Price Offset''' button to switch between entry modes.
Price offsets can be indicated as ticks or %. To change indication type, click the '''Tick/Percent''' button.
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).
===Saving as Template===
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://www.multicharts.com/img/wiki/strategies/19.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.
# Click '''Save'''.
# Choose the '''Breakout Up/Fade Template''' icon.
# Enter Fade template name.
# Click '''OK'''.
==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 limit above current price. The breakout can be activated if it happens, but also catch the fade if the price rises.
===Appearance ===
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.
Default Breakout down /fade strategy order markers color and connecting lines length can be modified in [[Chart Trading#Appearance|Format Chart Trading]] menu.
===Creating Breakout Down/Fade Strategy orders===
To create Breakout down /fade strategy orders:
* Drag-and-drop the Breakout Down/Fade Strategy icon http://www.multicharts.com/img/wiki/strategies/22.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://www.multicharts.com/img/wiki/strategies/22.png in the '''Place Order''' menu to see the shortcut menu and click Apply Strategy.
* Double-click the Breakout Up/Fade Strategy icon http://www.multicharts.com/img/wiki/strategies/22.png in the '''Place Order''' menu.
[[Category:Manual Trading]]