EbbNFlo

EnF BREAKOUT V5

Ebb n Flo Breakout is a simple strategy that is based on identifying the trend, and trading with the trend.

The script then looks for previous support and resistance levels and opens a trade calculating possible take profits levels

The only input is the Higher Timeframe to evaluate the trend.
Ideal chart timeframe is 15min, ideal htf differs but 2h and 4h works well

The results of the backtester is calculated on the following settings:

Order Size allocation:
50% based on 5% of portfolio allocation at 10x leverage

Profit taking:
50% at target 1
25% at target 2
25% at target 3

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact EbbNFlo for more information, or follow the author's instructions below.

Please note that this is a private, invite-only script that was not analyzed by script moderators. Its compliance to House Rules is undetermined. TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Community Scripts.

Disclaimer

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Author's instructions

If you would like to use this script, please send me a DM

Want to use this script on a chart?

Warning: please read before requesting access.