ID: pivottrading.breakoutcalculator
Version: 1.0
Size: 0 Mb
Android Version: 4.0.3 and up
Breakout Calculator Screen Preview
What's new in Breakout Calculator 1.0
Breakout Calculator is one of those most successful calculators that can be used to trade in intraday in any underlying. It takes few input parameters like previous day high and low and current days high and low. Based on the past and current price movements, it identifies the trading levels that can be used to trade intraday.How to use breakout calculator
1. Enter previous day high and low.
2. Enter todays high and low (between 9:20 am - 2:00pm)
3. Set ur profit and stoploss % ( ideally u should keep 0.7 as profit and 0.8 as stoploss )
4. See the recommendations. You see recommendation only when u click on calculate button.
How to trade in buy side
5. Place a stoploss buy order at the price mentioned in the recommendation.
6. Place a sell order for the above buy order at the price mentioned as target in the recommendation.
7. If above stoploss buy order gets executed, place a stoploss sell order to protect from losses.
8. If the target sell order gets executed for above buy order, then cancel the stoploss sell order.
How to trade in sell side
9. Place a stoploss sell order at the price mentioned in the recommendation.
10. Place a buy order for the above sell order at the price mentioned as target in the recommendation.
11. If above stoploss sell order gets executed, place a stoploss buy order to protect from losses.
12. If the target buy order gets executed for the above sell order, then cancel the stoploss buy order.
13. Use this calculator only between 9:20 am - 2:00 pm for Indian Markets.
14. Use this calculator only between 20 min after market start till 1 hr before market closes for International Markets.
15. Dont keep profit and stoploss above 1% and below 0.5%.
Breakout Calculator Permissions
View network connections - allows the app to view information about network connections such as which networks exist and are connectedFull network access - allows the app to create network sockets and use custom network protocols. the browser and other applications provide means to send data to the internet, so this permission is not required to send data to the internet
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