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