Changes

[[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:

* Double-click the Breakout Up/Fade Strategy icon http://www.multicharts.com/img/wiki/strategies/19.png in the '''[[Chart Trading#Place Order|Place Order]]''' menu.

To modify default Breakout up/fade 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: