Breakfree Trading
Breakfree Trading
Breakfree Trading
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Pretext
The revolutionary aspect of the Breakfree Trading Algorithm is how it allows us to quickly navigate hundreds of markets and predict
opportunities in the market before anyone else.
The Breakfree Trading Algorithm, unlike momentum-based algorithms, will predict market levels in the market based on the psychology
of crowd trading a particular market.
This is why our approach works so well on all markets, as our trading algorithm decodes human psychology in realtime on any
timeframe and any market.
All markets are always cycling the exact same thing just in different stages.
What Tesla is doing in 2019-2020 is the same as what Bitcoin did in 2016-2017.
Same euphoria, the same greed, same ignorant shorts, and it will be the same result in 2021 as Bitcoin was, in 2018.
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Introduction
To accompany our new video material that will be released soon, we’ve also had a lot of requests for a written guide. What we are doing is in fact
completely systematic, so we are going to cut down the trading strategy for Breakfree Trading Algorithm in a simple A-B-C context.
Here’s what we are going to go through:
➔ Brokers Selection Page 3
➔ Registration of the Navigator Page 4
➔ Verifying algorithm settings Page 5
➔ MetaTrader Bridge on the Navigator Page 6
➔ (A) Finding a trade Page 7
➔ (B) Executing a trade Page 8
➔ (C) Monitoring a trade & managing risk Page 14
➔ Double check before placing a trade Page 17
➔ What to do when the algorithm recalculates Page 20
➔ Understanding X-mode Page 21
➔ Real-time Trend Detection (RTD) Page 25
➔ Reminder about stocks / commodities trading Page 27
➔ How to deal with losses in trading Page 28
➔ Technical Problem Solving Page 30
➔ Rules of thumb Page 31
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Brokers Selection
IC Markets and SimpleFX are our recommended brokers mainly because of high leverage options (500:1), reliability, and
low fees.
For residence in North America, Oanda, LMFX are the most popular options.
● Oanda is regulated in the US, but the leverage is limited.
● LMFX provides higher leverage but is not regulated in the US.
If you want to go with any other broker, that's fine. Just choose the one with a good reputation and check their fees and
leverage options.
** If you come with a larger account, Interactive Brokers and TD Ameritrade are good options for trading stocks.
** For Crypto trading, it is better to use a Crypto Exchange (Binance, Bitfinex) or Crypto Derivative Contract Exchange (Bitmex
or Bybit).
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TradingView has just become outdated for our system. We've released our brand new trading platform called Breakfree Trading™
Navigator.
This is what you need to do to find the algorithm on BFT Navigator:
1. Visit h
ttps://navigator.breakfreetrading.com
2. Click the bottom white button to signup a Navigator with the s ame
3. Check your mailbox to verify your account. Please check the spam box
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A) Finding a trade
When people fail in trading, it’s often a combination of issues that leads them to losses. But of all mistakes, what causes losses for
traders is executing trades that just never should’ve been done.
As we taught you in the online trading course, here’s what I want you to do:
1. Go to Navigator (https://navigator.breakfreetrading.com) .
2. Open your chart with the latest Breakfree Trading Algorithm and updated settings.
5. The Pro plan allows you to browse all markets including but not limited to: Stocks, Crypto, Forex, Futures &
Indexes.
6. Go through the markets on your watchlist, until BFT Algorithm shows a position tool marked on the chart.
7. Click on the position tool on your chart to see the trade details.
8. Click the blue “Place #1” & “Place #2” buttons to open the position. (*Bridge must be connected)
Note: You can still copy the value manually from the BFT panel if needed.
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B) Executing a trade
Once BFT Algorithm has found a trade, your chart will show a
position tool like the one on the right, indicating a “Short/sell
setup” or alternatively, a “Long/Buy setup” in the opposite
direction.
To execute your trade, click the position tool on the chart, which
will open the new B
FT Panel.
Once opened, click the “Place #1” b
utton in the bottom right
corner of your BFT Panel which will open the O
rder window. From
there, check the values and then simply click “Place Order”.
Repeat the step for “Place #2” and you’re done.
Alternatively, you may copy the values from the BFT Panel and
execute the trade directly on your trading platform.
Note: Make sure before you enter a trade that your Order window
has “Open correlated risk” below 5%!
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B) Executing a trade - Splitting positions
There's an exception for the split into 2 positions rule, however.
When the algorithm shows "Split: 0" instead of a lot value for each of the 2 positions, this means that
your current account size is too small to split the trade into 2.
In this case, you will only need to place 1 position with a lot size of 0.01.
Note: If you’re trading a smaller account size and can only enter one position, place only your TP1.
Don’t try to run your only position to TP2.
Once you have managed to deposit more capital into your account, then you can slowly move your
way up to 2 positions with the correct lot size.
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Situation 2 ● IF the trade you placed is still pending at the time the calculation has disappeared
● DO leave your pending order as is and let the trade play out
** Trades shown can always be considered valid trades as long as the market is above entry zone (for longs, and vice
versa for shorts). If the market starts trading beyond the entry zone (aka in drawdown), then you don't get into that
trade, if you haven't already.
** Once your trade hits TP1, make sure to move all SL from the remaining positions to entry to get out at break even
- in case the market price doesn't reach the remaining TP2.
** Don't forget to adjust all of the entries, TPs, SL, and lot sizes.
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Understanding X-mode
The trading range
These are your main levels on any given market. The range identifies
the following for you:
- Support
- Resistance
- Neutral
- Extensions
Support: A level in the market at the bottom of your range where
price may reverse from. Support levels are only to be bought.
Resistance: A level in the market at the top of your range where price
may reverse from. Resistance levels are only to be sold.
Neutral: A level in the market in the middle of your range (between
your S and R). N levels act as S and R depending on where the price is
trading. If the price is trading above your N, it’s a support level. If the
price is trading below your N, it’s a resistance level.
Extensions: The EXTs are levels in the market where price is
overextended. It's an area where we are most likely to see a strong rejection.
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Understanding X-mode
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Understanding X-mode
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Understanding X-mode
In essence, a broken support and resistance turn into neutral. A neutral level when interacted with can turn into support or resistance.
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The crosses of the lines, indicate a change of trend or momentum.
You can see when the space between the lines is getting thinner, it
loses momentum and then changes from bearish to bullish or from
bullish to bearish. When the space between the lines is getting
thicker, it indicates that momentum is increasing.
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Rules of thumb
Rule #1 - N
ever judge a trade on the first few candles it’s opened.
Rule #2 - N ever close a trade in red unless it’s at breakeven or at stop loss.
Rule #3 - N ever try to suppress your emotions. Instead, you should welcome them and work with them.
Rule #4 - A loss is normal.
Rule #5 - D o not pay attention to what everyone else is doing, follow yourself.
Rule #6 - B E PATIENT.
Rule #7 - N ot sure what to do? Don’t do anything.
Rule #8 - N ever exceed the risk limits of 5% capital per trade.
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