HTF Level Breakout — Strategy by vanchesz
By vanchesz
Performance Metrics
- Author: vanchesz
- Symbol: THINKMARKETS:XAUUSD
- Timeframe: 15 minutes
Description
Trade key higher-timeframe levels with confirmation, not anticipation.Most breakout strategies focus on price breaking a level. HTF Level Breakout takes a more structured approach: it tracks the previous higher-timeframe candle’s high and low, identifies the first touch, and waits for a confirmed candle close beyond both the original level and the first-touch extreme before entering.Key FeaturesHigher-Timeframe Levels — Use levels from the previous 1H, 4H, Daily, Weekly, or Monthly candle.First-Touch Confirmation — Records the first interaction with a level as a reference point for the setup.Confirmed Breakout Entries — Requires a candle close beyond both the original level and the first-touch extreme.Risk-Based Position Sizing — Calculates position size based on your selected risk percentage and stop-loss distance.Custom Risk-to-Reward — Set your preferred risk-to-reward ratio.Structured Trade Management — Uses recent pivot points for stop-loss placement and offers an optional time-based exit.Time-Based Exit — Automatically closes an open position at a configurable time if neither Take Profit nor Stop Loss has been hit.The Core IdeaInstead of entering on the first touch or reacting to every level break, the strategy waits for price to establish a reference point and then confirm the breakout with a candle close. Less anticipation. More structured entries. Adjust the timeframe, risk settings, and risk-to-reward ratio to fit your trading approach.This strategy is a technical analysis tool, not financial advice. Backtest and validate its performance before using it in live trading.