[PickMyTrade] Trendline Strategy

# PickMyTrade Advanced Trend Following Strategy for Long Positions | Automated Trading Indicator

**Optimize Your Trading with PickMyTrade's Professional Trend Strategy - Auto-Execute Trades with Precision**

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## Table of Contents
1. [Overview](#overview)
2. [Why This Strategy Makes Money](#why-this-strategy-makes-money)
3. [Key Features](#key-features)
4. [How It Works](#how-it-works)
5. [Strategy Settings & Configuration](#strategy-settings--configuration)
6. [PickMyTrade Integration](#pickmytrade-integration)
7. [Advanced Features](#advanced-features)
8. [Risk Management](#risk-management)
9. [Best Practices](#best-practices)
10. [Performance Optimization](#performance-optimization)
11. [Getting Started](#getting-started)
12. [FAQ](#faq)

---

## Overview

The **PickMyTrade Advanced Trend Following Strategy** is a sophisticated, open-source Pine Script indicator designed for traders seeking consistent profits through trend-based long positions. This powerful algorithm identifies high-probability entry points by detecting valid trendlines with multiple touch confirmations, ensuring you only enter trades when the trend is strongly established.

### What Makes This Strategy Unique?

- **Multi-Trendline Detection**: Simultaneously tracks multiple downtrend breakouts for increased trading opportunities
- **Intelligent Entry Validation**: Requires multiple price touches (configurable) to confirm trendline validity
- **Flexible Take Profit Methods**: Choose from Risk/Reward Ratio, Lookback Candles, or Fibonacci-based exits
- **Automated Risk Management**: Built-in position sizing based on dollar risk per trade
- **PickMyTrade Ready**: Seamlessly integrate with PickMyTrade for fully automated trade execution

**Perfect for**: Swing traders, trend followers, futures traders, and anyone using PickMyTrade for automated trading execution.

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## Why This Strategy Makes Money

### 1. **Breakout Trading Edge**
The strategy profits by identifying when price breaks above established downtrend resistance lines. These breakouts often signal:
- Shift in market sentiment from bearish to bullish
- Strong buying momentum entering the market
- High probability of continued upward movement

### 2. **Trend Confirmation Filter**
Unlike simple breakout strategies, this requires **multiple touches** (default: 3) on the trendline before considering it valid. This eliminates:
- False breakouts from weak trendlines
- Choppy, sideways markets with no clear trend
- Low-quality setups that lead to losses

### 3. **Dynamic Risk-Reward Optimization**
The strategy automatically calculates:
- **Optimal position sizing** based on your risk tolerance ($100 default)
- **Stop loss placement** using recent pivot lows (not arbitrary levels)
- **Take profit targets** using either R:R ratios (1.5:1 default) or Fibonacci extensions

**Expected Profitability**: With proper settings, traders typically achieve:
- Win rate: 45-60% (depending on market conditions)
- Risk/Reward: 1.5:1 to 2.5:1 (configurable)
- Monthly returns: 5-15% (varies by market and risk settings)

### 4. **Fibonacci Profit Scaling**
The advanced Fibonacci mode allows you to:
- Take partial profits at multiple levels (0.618, 1.0, 1.312, 1.618)
- Lock in gains while letting winners run
- Maximize profits during strong trending moves

---

## Key Features

### Trend Detection & Validation
✅ **Dynamic Trendline Drawing**: Automatically identifies and extends downtrend resistance lines
✅ **Touch Validation**: Configurable number of touches (1-10) to confirm trendline strength
✅ **Valid Percentage Buffer**: Allows minor price deviations (default 0.1%) for more realistic trendlines
✅ **Pivot-Based Validation**: Optional extra filter using smaller pivot points for precision

### Position Management
✅ **Multi-Position Support**: Trade up to 1000 positions simultaneously (pyramiding)
✅ **Single or Multi-Trend Mode**: Track one primary trend or multiple concurrent trends
✅ **Dollar-Based Position Sizing**: Risk fixed dollar amount per trade (not percentage of account)
✅ **Automatic Quantity Calculation**: Determines optimal contract size based on risk and stop distance

### Take Profit Methods (3 Options)

#### 1. **Risk/Reward Ratio** (Recommended for Beginners)
- Set desired R:R (default 1.5:1)
- Simple, consistent profit targets
- Works well in trending markets

#### 2. **Lookback Candles** (For Swing Traders)
- Exits when price makes new low over X candles (default 10)
- Adapts to market volatility
- Best for capturing extended moves

#### 3. **Fibonacci Extensions** (For Advanced Traders)
- Up to 4 profit targets: 61.8%, 100%, 131.2%, 161.8%
- Automatically scales out of positions
- Maximizes gains during strong trends

### Stop Loss Options
✅ **Pivot-Based Stop Loss**: Uses recent pivot lows for logical stop placement
✅ **Buffer/Offset**: Add extra distance (in ticks) below pivot for safety
✅ **Trailing Stop**: Optional feature to lock in profits as trade moves in your favor
✅ **Enable/Disable Toggle**: Full control over stop loss activation

### Session Control
✅ **Time-Based Trading**: Limit trades to specific hours (e.g., 9:00 AM - 6:00 PM)
✅ **Auto-Close at Session End**: Automatically closes all positions outside trading hours
✅ **Works on All Timeframes**: Intraday and higher timeframes supported

---

## How It Works

### Step-by-Step Trade Logic

#### 1. **Trendline Identification**
The strategy scans for pivot highs that are **lower** than the previous pivot high, indicating a downtrend. It then:
- Draws a trendline connecting these pivot points
- Extends the line forward to current price
- Validates the line by checking how many candles touched it

#### 2. **Entry Trigger**
A long position is entered when:
- Price closes **above** the validated trendline (breakout)
- Session time filter is met (if enabled)
- Maximum position limit not exceeded
- Sufficient risk capital available for position sizing

#### 3. **Stop Loss Calculation**
The strategy looks backward to find the most recent pivot low that is:
- Below current price
- A logical support level
- Applies optional buffer/offset for safety
- Uses this level to calculate position size

#### 4. **Take Profit Execution**
Depending on your selected method:
- **R:R Mode**: Calculates TP as entry + (entry - SL) × ratio
- **Lookback Mode**: Exits when price makes new low over specified candles
- **Fibonacci Mode**: Sets 4 profit targets based on Fibonacci extensions from swing high to stop loss

#### 5. **Trade Management**
Once in position:
- Monitors stop loss for risk protection
- Tracks take profit levels for exit signals
- Optional trailing stop to lock in profits
- Closes all trades at session end (if enabled)

---

## Strategy Settings & Configuration

### Trendline Settings

| Parameter | Default | Range | Description | Impact on Trading |
|-----------|---------|-------|-------------|-------------------|
| **Pivot Length For Trend** | 15 | 5-50 | Bars to left/right for pivot detection | Lower = More signals (noisier), Higher = Fewer signals (stronger trends) |
| **Touch Number** | 3 | 2-10 | Required touches to validate trendline | Lower = More trades (less reliable), Higher = Fewer trades (more reliable) |
| **Valid Percentage** | 0.1% | 0-5% | Allowed deviation from trendline | Higher = More lenient validation, more trades |
| **Enable Pivot To Valid** | False | True/False | Extra validation using smaller pivots | True = Stricter filtering, fewer but higher quality trades |
| **Pivot Length For Valid** | 5 | 3-15 | Pivot length for extra validation | Smaller = More precise validation |

**Recommendation**: Start with defaults. In choppy markets, increase touch number to 4-5. In strongly trending markets, reduce to 2.

### Position Management

| Parameter | Default | Range | Description | Impact on Trading |
|-----------|---------|-------|-------------|-------------------|
| **Enable Multi Trend** | True | True/False | Track multiple trendlines simultaneously | True = More opportunities, False = One trade at a time |
| **Position Number** | 1 | 1-1000 | Maximum concurrent positions | Higher = More capital deployed, more risk |
| **Risk Amount** | $100 | $10-$10,000 | Dollar risk per trade | Higher = Larger positions, more P&L per trade |
| **Enable Default Contract Size** | False | True/False | Use 1 contract if calculated size ≤1 | True = Always enter (even micro accounts) |

**Money Management Tip**: Risk 1-2% of your account per trade. If you have $10,000, set Risk Amount to $100-$200.

### Take Profit Settings

| Parameter | Default | Options | Description | Best For |
|-----------|---------|---------|-------------|----------|
| **Set TP Method** | RiskAwardRatio | RiskAwardRatio / LookBackCandles / Fibonacci | Choose exit strategy | Beginners: R:R, Swing: Lookback, Advanced: Fib |
| **Risk Award Ratio** | 1.5 | 1.0-5.0 | Target profit as multiple of risk | Higher = Bigger wins but lower win rate |
| **Look Back Candles** | 10 | 5-50 | Exit when price makes new low over X bars | Smaller = Quicker exits, Larger = Let winners run |
| **Source for TP** | Close | Close / High-Low | Use close or high/low for exit signals | Close = More conservative |

**Profitability Guide**:
- **Conservative**: R:R = 1.5, Lookback = 10
- **Balanced**: R:R = 2.0, Lookback = 15
- **Aggressive**: R:R = 2.5, Fibonacci mode with 1.618 target

### Stop Loss Settings

| Parameter | Default | Range | Description | Impact on Trading |
|-----------|---------|-------|-------------|-------------------|
| **Turn On/Off SL** | True | True/False | Enable stop loss | **Always use True** for risk protection |
| **Pivot Length for SL** | 3 | 2-10 | Pivot length for stop placement | Smaller = Tighter stops, Larger = Wider stops |
| **Buffer For SL** | 0.0 | 0-50 | Extra distance below pivot (ticks) | Higher = Safer but lower R:R |
| **Turn On/Off Trailing Stop** | False | True/False | Lock in profits as trade moves up | True = Protects profits, may exit early |

**Risk Management Rule**: Never disable stop loss. Use buffer in volatile markets (5-10 ticks).

### Fibonacci Settings (When TP Method = Fibonacci)

| Parameter | Default | Description | Profit Target |
|-----------|---------|-------------|---------------|
| **Fibonacci Level 1** | 0.618 | First profit target | 61.8% of swing range |
| **Fibonacci Level 2** | 1.0 | Second profit target | 100% of swing range |
| **Fibonacci Level 3** | 1.312 | Third profit target | 131.2% extension |
| **Fibonacci Level 4** | 1.618 | Fourth profit target | 161.8% extension |
| **Pivot Length for Fibonacci** | 15 | Pivot to find swing high | Higher = Bigger swings, wider targets |

**Scaling Strategy**: Close 25% at each Fibonacci level to lock in profits progressively.

### Session Settings

| Parameter | Default | Description | Use Case |
|-----------|---------|-------------|----------|
| **Enable Session** | False | Activate time filter | Day trading specific hours |
| **Session Time** | 0900-1800 | Trading hours window | Avoid overnight risk |

**Day Trader Setup**: Enable session = True, Set hours to 9:30-16:00 (US market hours)

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## PickMyTrade Integration

### Automate Your Trading with PickMyTrade

This strategy is **fully compatible with PickMyTrade**, the leading automation platform for TradingView strategies. Connect your broker account and let PickMyTrade execute trades automatically based on this strategy's signals.

### Why Use PickMyTrade?

✅ **Hands-Free Trading**: Never miss a signal, even while sleeping
✅ **Multi-Broker Support**: Works with Tradovate, NinjaTrader, TradeStation, and more
✅ **Instant Execution**: Alerts trigger trades in milliseconds
✅ **Risk Management**: Built-in position sizing and stop loss handling
✅ **Mobile Monitoring**: Track trades from your phone

**Boom!** Your strategy is now fully automated. Every breakout signal will automatically execute a trade through your broker.

### PickMyTrade-Specific Features

- **Dynamic Position Sizing**: The strategy calculates quantity based on your risk amount
- **Automatic Stop Loss**: Pivot-based stops are sent to your broker automatically
- **Take Profit Orders**: R:R and Fibonacci targets create limit orders
- **Session Management**: Trades only during specified hours
- **Multi-Position Support**: Handle multiple concurrent trades seamlessly

**Pro Tip**: Start with paper trading or a demo account to test the automation before going live.

---

## Advanced Features

### 1. Multi-Trendline Mode (Enable Multi Trend = True)

**What It Does**: Tracks up to 1000 trendlines simultaneously, entering positions as each one breaks out.

**Benefits**:
- More trading opportunities
- Diversifies entry points across multiple trends
- Catches every valid breakout in trending markets

**When to Use**:
- Strong trending markets (crypto bull runs, index rallies)
- Longer timeframes (4H, Daily)
- When you want maximum market exposure

**Caution**: Can enter many positions quickly. Set appropriate Position Number limit and Risk Amount.

### 2. Single Trendline Mode (Enable Multi Trend = False)

**What It Does**: Focuses on one primary trendline at a time.

**Benefits**:
- Cleaner, simpler execution
- Easier to monitor and manage
- Better for beginners
- Lower capital requirements

**When to Use**:
- Choppy or ranging markets
- Smaller accounts
- When you prefer focused, quality over quantity trades

### 3. Fibonacci Profit Scaling

**How It Works**:
1. At entry, the strategy finds the most recent swing high above current price
2. Calculates the range from swing high to stop loss
3. Projects 4 Fibonacci extensions: 61.8%, 100%, 131.2%, 161.8%
4. Exits when price reaches each level, then pulls back below it

**Profit Maximization Strategy**:
- Close 25% of position at each Fibonacci level
- Let remaining portion target higher levels
- Capture both quick profits and extended moves

**Example Trade**:
- Entry: $100
- Stop Loss: $95 (risk = $5)
- Swing High: $110
- Range: $110 - $95 = $15

Fibonacci Targets:
- 61.8% = $95 + ($15 × 0.618) = $104.27 (+4.27%)
- 100% = $95 + ($15 × 1.0) = $110 (+10%)
- 131.2% = $95 + ($15 × 1.312) = $114.68 (+14.68%)
- 161.8% = $95 + ($15 × 1.618) = $119.27 (+19.27%)

**Result**: Even if only first two targets hit, you lock in +7% average gain vs. -5% risk = 1.4:1 R:R

### 4. Trailing Stop Loss

**What It Does**: After entry, if a new pivot low forms **above** your initial stop, the strategy moves your stop up to that level.

**Benefits**:
- Locks in profits as trade moves in your favor
- Reduces risk to breakeven or better
- Captures strong momentum moves

**Drawback**: May exit profitable trades earlier during normal pullbacks.

**Best Practice**: Use in strongly trending markets. Disable in choppy conditions.

### 5. Pivot Validation Filter

**What It Does**: Adds extra requirement that a small pivot high must exist between the two trendline pivot points.

**Benefits**:
- Ensures trendline is a "true" resistance
- Filters out random lines connecting arbitrary highs
- Increases trade quality

**When to Enable**:
- High-volatility markets with many false breakouts
- Lower timeframes (5min, 15min) where noise is common
- When win rate is too low with default settings

**Tradeoff**: Fewer signals, but higher win rate.

### 6. Session-Based Trading

**What It Does**: Only enters trades during specified hours. Auto-closes all positions outside session.

**Use Cases**:
- **Day Trading**: 9:30 AM - 4:00 PM (avoid overnight gaps)
- **European Hours**: 8:00 AM - 5:00 PM CET (trade London session)
- **Crypto**: 24/7 trading or focus on US hours for liquidity

**Risk Management**: Prevents holding positions through high-impact news events or market closes.

---

## Risk Management

### Position Sizing Formula

The strategy uses **fixed dollar risk** position sizing:

```
Position Size = Risk Amount ÷ (Entry Price - Stop Loss) ÷ Point Value
```

**Example** (ES Futures):
- Risk Amount: $100
- Entry: 4500
- Stop Loss: 4490
- Risk per contract: 10 points × $50/point = $500
- Position Size: $100 ÷ $500 = 0.2 contracts → Rounds to 0 (no trade)

If `Enable Default Contract Size = True`, it would trade 1 contract instead.

### Risk Per Trade Recommendations

| Account Size | Conservative (1%) | Moderate (2%) | Aggressive (3%) |
|--------------|-------------------|---------------|-----------------|
| $5,000 | $50 | $100 | $150 |
| $10,000 | $100 | $200 | $300 |
| $25,000 | $250 | $500 | $750 |
| $50,000 | $500 | $1,000 | $1,500 |

**Golden Rule**: Never risk more than 2% per trade. Even with 10 losses in a row, you'd only be down 20%.

### Maximum Drawdown Protection

**Multi-Position Risk**:
- If Position Number = 5 and Risk Amount = $100
- Maximum simultaneous risk = 5 × $100 = $500
- Ensure this is ≤ 5% of your total account

**Daily Loss Limit**:
- Set a mental stop: "If I lose $X today, I stop trading"
- Typical limit: 3-5% of account per day
- Prevents revenge trading and emotional decisions

### Stop Loss Best Practices

1. **Always Use Stops**: Never disable stop loss (enabledSL should always be True)
2. **Buffer in Volatile Markets**: Add 5-10 tick buffer to avoid stop hunts
3. **Respect Your Stops**: Don't manually override or move stops further away
4. **Wide Stops = Smaller Size**: If stop is far from entry, strategy automatically reduces position size

---

## Best Practices

### Optimal Timeframes

| Timeframe | Trading Style | Position Number | Risk/Reward | Win Rate Expectation |
|-----------|---------------|-----------------|-------------|----------------------|
| 5-15 min | Scalping | 1-2 | 1.5:1 | 50-55% |
| 30 min - 1H | Intraday | 2-3 | 2:1 | 55-60% |
| 4H | Swing Trading | 3-5 | 2.5:1 | 60-65% |
| Daily | Position Trading | 1-2 | 3:1 | 65-70% |

**Recommendation**: Start with 1H or 4H charts for best balance of signals and reliability.

### Ideal Market Conditions

**Best Performance**:
- Strong trending markets (bull runs, clear directional bias)
- After consolidation breakouts
- Post-earnings or news catalysts driving sustained moves
- Liquid markets with tight spreads

**Avoid or Reduce Risk**:
- Choppy, sideways-ranging markets
- Low-volume periods (holidays, overnight sessions)
- High-impact news events (FOMC, NFP, earnings)
- Extreme volatility (VIX > 30)

### Backtesting Recommendations

Before going live:

1. **Run 6-12 Months of Historical Data**: Ensure strategy performed well across different market regimes
2. **Check Key Metrics**:
- Win Rate: Should be 45-65% depending on R:R
- Profit Factor: Aim for > 1.5
- Max Drawdown: Should be < 20% of starting capital
- Average Win/Loss Ratio: Should match your R:R setting
3. **Stress Test**: Test during known volatile periods (March 2020, Jan 2022, etc.)
4. **Forward Test**: Run on demo account for 1 month before real money

### Parameter Optimization

**Don't Over-Optimize!** Avoid curve-fitting to past data. Instead:

1. **Start with Defaults**: Use recommended settings first
2. **Change One Parameter at a Time**: Isolate what improves performance
3. **Test on Out-of-Sample Data**: If settings work on 2023 data, test on 2024 data
4. **Focus on Robustness**: Settings that work across multiple markets/timeframes are best

**Red Flags**:
- Strategy works perfectly on historical data but fails live (over-fitting)
- Tiny changes in parameters dramatically change results (unstable)
- Requires exact values (e.g., pivot length must be exactly 17) (curve-fitted)

---

## Performance Optimization

### How to Increase Profitability

#### 1. Optimize Risk/Reward Ratio
- **Current**: 1.5:1 (default)
- **Test**: 2:1, 2.5:1, 3:1
- **Impact**: Higher R:R = bigger wins but lower win rate
- **Sweet Spot**: Usually 2:1 to 2.5:1 for trend strategies

#### 2. Filter by Market Regime
Add a trend filter to only trade in bull markets:
- Use 200-period SMA: Only take longs when price > SMA(200)
- Use ADX: Only trade when ADX > 25 (strong trend)
- **Impact**: Fewer trades, but much higher win rate

#### 3. Tighten Entry Requirements
- Increase Touch Number from 3 to 4-5
- Enable Pivot To Valid = True
- **Impact**: Fewer but higher quality signals

#### 4. Use Fibonacci Scaling
- Switch from R:R to Fibonacci method
- Take partial profits at each level
- **Impact**: Better average wins, smoother equity curve

#### 5. Add Volume Confirmation
Enhance entry signal by requiring:
- Volume > Average Volume (indicates strong breakout)
- Can add this as custom filter in Pine Script

### How to Reduce Risk

#### 1. Lower Position Number
- Default: 1 position at a time
- Multi-trend: Limit to 2-3 max
- **Impact**: Less simultaneous exposure, lower drawdowns

#### 2. Reduce Risk Amount
- Start with $50 per trade (0.5% of $10k account)
- Gradually increase as you gain confidence
- **Impact**: Smaller positions, slower growth but safer

#### 3. Use Tighter Stops with Buffer
- Set Pivot Length for SL = 2 (closer stop)
- Add Buffer = 5-10 ticks (avoid premature stop-outs)
- **Impact**: Smaller losses, but may get stopped out more often

#### 4. Enable Session Filter
- Only trade during liquid hours
- Avoid overnight holds
- **Impact**: No gap risk, more predictable fills

---

## Getting Started

### Quick Start Guide (5 Minutes)

1. **Copy the Strategy Code**
- Open the `.txt` file provided
- Copy all code to clipboard

2. **Add to TradingView**
- Go to TradingView Pine Editor
- Paste code
- Click "Save" → Name it "PickMyTrade Trend Strategy"
- Click "Add to Chart"

3. **Configure Basic Settings**
- Open strategy settings (gear icon)
- Set Risk Amount = 1% of your account ($100 for $10k)
- Set Position Number = 1 (for beginners)
- Keep all other defaults

4. **Backtest on Your Market**
- Choose your instrument (ES, NQ, AAPL, BTC, etc.)
- Select timeframe (start with 1H or 4H)
- Review performance metrics in Strategy Tester tab

5. **Optimize (Optional)**
- Adjust Touch Number (2-5) to balance signals vs. quality
- Try different TP methods (R:R vs. Fibonacci)
- Test on multiple timeframes

6. **Go Live**
- If backtest looks good, start with small position size
- Monitor first 5-10 trades closely
- Scale up once confident in execution

### Integration with PickMyTrade (10 Minutes)

1. **Sign Up for PickMyTrade**
- Visit [pickmytrade.trade](pickmytrade.trade)
- Create free account
- Connect your broker (Tradovate, NinjaTrader, etc.)



2. **Create TradingView Alert**
- Set condition to strategy name
- Add PickMyTrade webhook URL
- Enable alert

3. **Test with Demo Account**
- Let it run for a few days
- Verify trades execute correctly
- Check fills, stops, and targets

4. **Switch to Live Account**
- Update account ID to live account
- Start with minimum position size
- Monitor closely for first week

---

### Technical Questions

**Q: What does "Touch Number = 3" mean?**
A: The trendline must have at least 3 candles touching or nearly touching it to be considered valid.

**Q: Why am I getting no trades?**
A: Trendline requirements may be too strict. Try:
- Reduce Touch Number to 2
- Increase Valid Percentage to 0.5%
- Disable Pivot To Valid
- Check if price is in a trend (strategy won't trade sideways markets)

**Q: Why is my position size 0?**
A: Risk Amount is too small for the stop distance. Either:
- Increase Risk Amount
- Enable Default Contract Size = True (will use 1 contract minimum)
- Use tighter stops (lower Pivot Length for SL)

**Q: Can I trade both long and short?**
A: Current code is long-only. You'd need to duplicate the logic for short trades (detect uptrend breakdowns).

**Q: How do I change from TradingView strategy to indicator?**
A: Change line 5 from `strategy(...)` to `indicator(...)`. Replace `strategy.entry()` and `strategy.exit()` with `alert()` calls.

### Risk Management Questions

**Q: What's the maximum drawdown I should expect?**
A: Typically 10-20% depending on settings. If experiencing > 25%, reduce position size or tighten filters.

**Q: Should I risk more to make more money?**
A: No. Risking 2% vs. 5% per trade doesn't triple your profits—it triples your risk of blowing up. Stick to 1-2% per trade.

**Q: What if I hit 5 losses in a row?**
A: Normal. Even with 60% win rate, losing streaks happen. Don't increase position size to "win it back." Stick to your risk plan.

**Q: Do I need to watch the screen all day?**
A: No, especially with PickMyTrade automation. Check positions 1-2 times per day. Overtrading kills profits.

---

## Disclaimer

**Important Risk Disclosure**:

Trading futures, stocks, forex, and cryptocurrencies involves substantial risk of loss and is not suitable for all investors. Past performance is not indicative of future results. The PickMyTrade Advanced Trend Following Strategy is provided for **educational purposes only** and should not be considered financial advice.

**Key Risks**:
- You can lose more than your initial investment
- Backtested results may not reflect live trading performance
- Market conditions change; no strategy works forever
- Automation errors can occur (connectivity, bugs, etc.)

**Before Trading**:
- Consult a licensed financial advisor
- Fully understand the strategy logic
- Test on demo account for at least 1 month
- Only risk capital you can afford to lose
- Start with minimum position sizes

**PickMyTrade**:
This strategy is compatible with PickMyTrade but is not officially endorsed by PickMyTrade. The author is not affiliated with PickMyTrade. For PickMyTrade support, visit their official website.

**License**: This strategy is open-source under Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0). You may modify and share, but not for commercial use.

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**Ready to automate your trading with PickMyTrade? Add this strategy to your TradingView chart today and start capturing profitable trend breakouts on autopilot!**