Previous Candle Breakdown 2

The strategy concept is based on trading breakouts of the previous candle, going long when price breaks above the prior candle's high and short when it breaks below the low. Entry conditions are straightforward: a trade is triggered when the current price violates the high or low of the most recently completed candle, which is a classic breakout entry method. Exit conditions typically use fixed take-profit and stop-loss values, or dynamically calculate targets based on the previous candle's range. Position sizing generally employs either fixed lot sizes or percentage-based lot calculation derived from account balance. Money management may include maximum position limits and drawdown controls, though specifics depend on parameter configuration. The core risk of this strategy lies in false breakouts causing frequent losses, and the problem of repeated stop-outs during ranging or choppy market conditions.