STEVEN Breakout Scalper (M1/M5)

7 Nov

# ✅ 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

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## 🕒 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

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## 🎯 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

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## 📈 DURING THE TRADE

* ☐ I keep the stop until I see a clear structure


Translated with DeepL.com (free version)

13 Nov

Nota Keluaran

This strategy combines breakout detection, VWAP confirmation, and ATR-based risk management to identify high-probability trading setups.

It automatically generates Long and Short entries when price action breaks key levels and aligns with VWAP direction, providing clear visual signals and automated backtesting capability.

🔍 How It Works

Breakout Detection:
The script identifies when price breaks above recent highs or below recent lows (based on the last 10 candles).

VWAP Confirmation:

A Long signal is generated when price breaks above resistance and stays above VWAP.

A Short signal is generated when price breaks below support and stays below VWAP.

ATR-based Stop Loss & Take Profit:

Stop Loss = 1× ATR (adjustable).

Take Profit = 1.5× risk (Risk/Reward 1:1.5).
Both are calculated dynamically at signal time.

Backtesting Ready:
Fully compatible with TradingView’s Strategy Tester, allowing users to analyze performance, win rate, and profit factors automatically.

🧩 Visual Features

Green triangles below the bars → Long signal.

Red triangles above the bars → Short signal.

Orange VWAP line → confirms trend direction.

⚙️ Inputs

ATR Length and Multiplier

VWAP Display toggle

Stop Loss and Risk/Reward settings

Signal marker size