FailedBreakout
Concept
Not every breakout is genuine. FailedBreakout is built for trap-like moves where price briefly pushes through a recent high or low, fails to continue, and snaps back through the level.
Idea
For longs, the strategy looks for a downside sweep below a recent rolling low followed by a reclaim back above that broken area. For shorts, it looks for an upside sweep above a recent rolling high followed by a move back below it. Optional close confirmation can make the trigger stricter.
Genetic Algorithm Parameters
- Lookback period for recent highs and lows
- Minimum breakout distance in pips
- Minimum reclaim distance in pips
- Optional close confirmation
Best suited for
Liquidity sweeps, false breaks, and reversal-prone range edges
Less effective in clean momentum breakouts that continue without snapping back