PROTECTED SOURCE SCRIPT
STEVEN Breakout Scalper (M1/M5)
# ✅ Checklist for Trading with the Breakout Indicator + VWAP
> **Designed for scalping/M5 in crypto using your breakout indicator and VWAP**
> Objective: trade only valid breakouts with confirmation and discipline
---
## 🕒 PRE-MARKET / PRE-SESSION
**General context**
* ☐ Identified major trend (H1 / M15)
* ☐ Reviewed relevant news
* ☐ Price relative to VWAP:
* ☐ Above → LONG bias
* ☐ Below → SHORT bias
* ☐ DO NOT trade if the price is “crushed” above the VWAP with no direction
* ☐ Marked supports and resistances for the day
* ☐ Identified liquidity zones / swings
---
## 🎯 ENTRY SETUP (Breakout Setup)
**Indicator Conditions**
* ☐ Breakout signal appears
* ☐ Previous marked line (light blue) was broken with a strong candle
* ☐ It is not a false breakout (long wick without body)
**Additional Confirmation (minimum 2 of these)**
* ☐ Candle close outside the level
* ☐ Retest at broken level (pullback)
* ☐ Increasing volume
* ☐ RSI > 50 for long / < 50 for short
* ☐ Trade in favor of VWAP (NOT against VWAP trend)
**VWAP Rules**
* ☐ Do not trade breakouts against VWAP
* ☐ If breakout coincides with bounce in VWAP = strong entry
* ☐ Price far from VWAP = take more aggressive partial
**Initial Management**
* ☐ Stop Loss placed below/above the broken level
* ☐ Minimum TP 1:1.5
* ☐ Calculated position size
* ☐ No FOMO — if it breaks without me, I let it go
---
## 📈 DURING THE TRADE
* ☐ I keep the stop until I see a clear structure
Translated with DeepL.com (free version)
> **Designed for scalping/M5 in crypto using your breakout indicator and VWAP**
> Objective: trade only valid breakouts with confirmation and discipline
---
## 🕒 PRE-MARKET / PRE-SESSION
**General context**
* ☐ Identified major trend (H1 / M15)
* ☐ Reviewed relevant news
* ☐ Price relative to VWAP:
* ☐ Above → LONG bias
* ☐ Below → SHORT bias
* ☐ DO NOT trade if the price is “crushed” above the VWAP with no direction
* ☐ Marked supports and resistances for the day
* ☐ Identified liquidity zones / swings
---
## 🎯 ENTRY SETUP (Breakout Setup)
**Indicator Conditions**
* ☐ Breakout signal appears
* ☐ Previous marked line (light blue) was broken with a strong candle
* ☐ It is not a false breakout (long wick without body)
**Additional Confirmation (minimum 2 of these)**
* ☐ Candle close outside the level
* ☐ Retest at broken level (pullback)
* ☐ Increasing volume
* ☐ RSI > 50 for long / < 50 for short
* ☐ Trade in favor of VWAP (NOT against VWAP trend)
**VWAP Rules**
* ☐ Do not trade breakouts against VWAP
* ☐ If breakout coincides with bounce in VWAP = strong entry
* ☐ Price far from VWAP = take more aggressive partial
**Initial Management**
* ☐ Stop Loss placed below/above the broken level
* ☐ Minimum TP 1:1.5
* ☐ Calculated position size
* ☐ No FOMO — if it breaks without me, I let it go
---
## 📈 DURING THE TRADE
* ☐ I keep the stop until I see a clear structure
Translated with DeepL.com (free version)
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.