Its been some times not write on this blog because I have another job. Here I just want to write for myself (but if any benefit for you, you can use it too) about a breakout trading strategy. This strategy is mainly based on 2 bar breakout but with the help of Super Signal indicator.
The idea is to open a transaction when Super Signal arrow already exist and there is a breakout of the next bar after Super Signal. So, I basically I do not enter the trade when Super Signal arrow appear. I need to wait for another bar completed to develop and the next bar (3rd bar) breaks the low or the high of the previous 2 bars.
Example for buy position
