Using BBK Squeeze to predict upcoming price breakouts has worked quite well from a probability standpoint on BTCUSD over the last year on the Daily chart. I like it because once I can see it is SIMPLE. However, I am constantly trying to make SIMPLE... BETTER! LOL
Still research and developing ways to better filter the signals for even higher probability. The other issue I have with breakout trades is that very often you have to settle for a 1:1 reward/risk in MOST trades. On a low probability of times do you get a much larger run from a breakout but most will only run to the next support/resistance level. Crunching the data and doing more testing is the only way to optimize.
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.