Using Breakouts and Pullbacks as Entry Triggers

Breakouts and pullbacks are two common approaches to trade entries. TradeShields supports both methods with predefined signals.

• Breakouts: Enter trades when price surpasses key levels.
  • Options: Previous Day High/Low, Previous Week High/Low, Kumo Breakout.
• Pullbacks: Enter trades after a retracement to trend-defining levels.
  • Options: Pullback to 50 EMA, 100 EMA, 200 EMA.

How to configure:

1. Choose a breakout or pullback signal from the Entry Settings dropdown.
2. Customize parameters (e.g., EMA length or breakout levels) if needed.

Example:

• Use Pullback to 200 EMA for a conservative trend-following strategy.
• Use Break of Previous Day High/Low to capitalize on momentum.

Tips:

• Combine breakouts and pullbacks for a balanced strategy.
• Use stop-loss and take-profit settings to manage risk.