Devils Breakout trader
Trade Smarter
Why You Should Trade With This Tool...
Devils Breakout Trader
Automatically spot high-probability price breakouts and visualize your profit targets using a 100% price-action-based system.
What’s Included:
- Devils Breakout Trader Indicator
- Built-in Performance Statistics Dashboard
- Multi-Type Trend Filter Module
- Strategy Export Plots for Automated Trading
Pure Price Action
Trade with confidence using a system that relies on real market movement rather than lagging indicators.
Find Your Edge
Use the historical statistics dashboard to see exactly which settings work best for your specific market and timeframe.
Custom Risk Control
Set up to three different profit targets and stop losses to manage your trades like a professional.
High-Probability Trading Strategies
You shouldn't trade every breakout. This tool is designed to help you identify the "best of the best" setups. Here are two ways to use it:
Strategy #1: Tight Range Breakouts
When price stays in a narrow range for a long time, it builds up energy. This tool detects these "coiled" ranges, which often lead to explosive moves. You can place your stop loss just outside the range for a high-reward trade.
Strategy #2: Fibonacci Level Breakouts
Identify breakouts that happen at key retracement levels like the 50% or 61.8% lines. These zones often act as springboards for the next big market leg.
Smart Feature Walkthrough
Advanced Risk Management
Define your own risk-to-reward ratios. The indicator draws clear lines on your chart showing exactly where your profit targets and stop losses should be. It even marks where the price eventually hit those levels so you can review your performance.
Historical Performance Stats
Stop guessing if your settings work. The built-in dashboard shows you how every historical breakout would have performed based on your specific stop loss and target settings.
Trend Confirmation Filter
Only take trades that move in the direction of the overall market. Choose from 12 different moving average types (like the 200 EMA) to ensure you are never trading against the "big picture" trend.
Full Feature Specifications
- Automatic Detection: Instantly finds and draws breakout ranges/boxes.
- Pure Price Action: No hidden formulas; based entirely on market price movement.
- Visual Guidance: Shows clear entry points and "best outcome" lines.
- Flexible Risk: User-defined stop losses and targets (up to 3 levels).
- Customizable Filters: Adjust minimum range bars, breakout percentage, and box spacing.
- Safety Guard: Max Range setting prevents you from entering trades with stop losses that are too large.
- Alert System: Get notified the moment a breakout occurs.
- Universal Compatibility: Works on all timeframes, all markets (Futures, Forex, Crypto, Stocks), and any bar type (Renko, Tick, Volume, etc.).
- Developer Friendly: Exports signals for use in Bloodhound, Blackbird, or custom automated strategies.
Update History
12-dec-2021 v1.0.0.2
- Added option to specify the max range in ATR/ticks/Points or percentages
- Added option to specify breakout in ATR/ticks/Points or percentages
- Added bloodhound signals
13-Oct-2021 v1.0.0.1
- Added option to specify the max range in ticks
- Added option to specify 3 stop losses and targets (in R risk/reward)
- Added optional trend filter so only breakouts with the trend are shown
- Statistics are now based on the 3 stop losses & targets and not on the best outcome for more realistic statistics
- Added alerts
- Added plots for strategy builders and support for bloodhound/blackbird
10 October 2021 v1.0.0.0
- first released
