Have you by chance had the opportunity of coming across MagicBreakout? If you have, it is more likely than not you are wondering whether Magic Breakout Forex Strategy is really effective or is just but a scam.
Well, nothing clarifies such doubts better than reviews. And not just any reviews for that matter…reviews that are unbiased exposing the truth as it is without any sugarcoating.
Below, is a review of the program by T & J profit club…
Breakout trading can prove to be extremely profitable in circumstances whereby you are fully aware of what you are engaging in. If you happen to call a breakout and you are correct, you have the ability of amassing one healthy pile of pips in a matter of minutes. Nonetheless, the problem is posed by false breakouts.
A very minimal number of traders have the ability of distinguishing accurately real breakouts from false breakouts. In the false breakouts, a quick retracing of the price action is going to occur on itself. On the other hand, if it is a true breakout, this not going to take place.
The traders who mistake false breakouts to be real undergo huge losses. As a result of this reason, the greater majority of traders shy away from trading breakouts.
However, some exceptions that are worth noting are Tim Trush along with Julie Lavrine. These two are successful traders in breakout who came up with the MagicBreakout Forex Strategy. Together, Tim and Julie have spent years in the perfection of their methods of breakout trading.
And as you are going to find out in the review of their guide, they share in their guide these strategies that have been proven with you as a reader.
The Magic Breakout strategy of trading is quite easy to follow along and has awesome foundations for money management to make sure that its success is not only for a short duration…but success that is long term.
You do not get the experience of your wins being wiped out in a single loss and the trading instrument on which it is used as well as the timeframe matters little.
My recommendation would be on the major pairs of currency such as the likes of EURUSD and GBPUSD. This is since their liquidity is greater and they have bigger moves. At the same time, these also have the smallest costs of trading.
Additionally, I would also like to recommend trading on timeframes that are higher. A minimum of an hour and above since the breakouts have a greater reliability when you compare them with the whip saws you are able to witness on the lower timeframes.
Included in the software is a combination of technical indicators that serve to point precisely at the breakouts and have the trend filtered. This makes sure that you get to only take breakouts in the general direction of the trend.
You are going to be presented with a nice area of placing your stop loss by it. This is at a point at which the breakout would have encountered failure away from having to be extremely wide and having a large loss that is not necessary. As movement is made by the trades into profit, you are able to move the stop loss.
With it, you are also presented with an exit point thus having the guess work completely taken out of trading.
Trend as well as breakout strategies are quite common since they are able to work when used along with good money management and filtering markets that are out ranging…as it is done by Magic Breakout.
Understanding of it is quite simple and this makes it suitable for you as a novice trader while at the same time being a strategy that is really useful for a trader who is more advanced.
Content Of The Product
This product is an enhanced manual, which is made up of 30 pages. It is also similarly well written as the 1 Minute Daily manual.
Also offered are MT4 indicators that are four in number. These are the likes of;
- A CCI indicator that is advanced,
- 2 wave indicators,
- The ‘Magic entry’ indicator.
The system is explained in the manual really nicely making the system quite simple. An Entry signal that is 100% mechanical is presented by the Magic entry indicator. The basing of this is on the three other indicators. The added advantage in it is that it also can be set up to be audible or visual.
The Stop loss setting is also 100% mechanical similar to the advanced Exit strategy. The basing of Exit is on trading 3 lots having an exit that is staggered based on the Wave indicators and simple Fibonacci extensions.
The pairing that is recommended is trading GBPUSD on the 30 minute time frame.
Working Of Magicbreakout
Having being powered by Fibonacci levels technology, the development of this software has been as a complement of MetaTrader 4. Via an interface that is really easy to understand, it shows you as its customer ‘a wave’ that is based on an indicator that is conformed by three different averages that are moving exponentially.
The different levels of the wave are determined by the averages of the price that are moving. The levels are: wave-top, wave-middle and wave-bottom. Each of these is shown in a distinct color such that the user can be able to recognize them with ease.
The price movement along the levels, is the determinant of the trends in the market…
- Uptrend – The price crosses the wave in an upward direction and is over the wave-bottom at that moment.
- Downtrend – The trend by the price is down and it is below the wave-top at the very moment we are making reference to.
My thought is that this is a software that is totally worth you buying and trying it. It can turn out to be very helpful to you in trading in a way that is more effective. This is largely as a result of the fact that it is based on a Fibonacci algorithm which has the ability of detecting profitable trades.
• It is able to make a prediction of the profitable trends. With the predictive algorithm in it to thank, you are going to have the ability of buying before the breakout and have your profits quantitatively increased.
• You get to stay clear off the ‘intuition’ factor. This factor is responsible for your failure: Fibonacci levels powered, you can place your reliance on the technology that is behind MagicBreakout and make an investment in a way that is secure.
• The forex strategy is conservative. Loss is decreased as profits are increased due to the fact that the amount of money that you invest is quite small.
• Profits are assured by the software. You are not only going to be shown how to make investment in ways that are most profitable but also bad trades will be detected for you to avoid them.
• You get to save a lot of time. Literally all the work has been done for you as the software makes an analysis of the market that is permanent and automatic.
• A 60-day money back guarantee is there for you in the event that the software does not match your expectations. This however occurs very rarely, if ever.
• It is not feasible for people to be available 24/7 from Monday to Friday in order to respond to a visual or audible MT4 alert.
Summary: This comes as a manual strategy of trading created by Tim Trush along with Julie Lavrine that is really solid and reliable giving clear signals on entry as well as exit. Understanding of the signals is quite easy and it has a flexibility that is really great as you are able to use it across various timeframes as well as instruments giving you numerous opportunities for trading.
Affordable and yet good resultsDeborah on 2018-11-08 18:54:03
I have no single reason not to recommend this system to as many people as i meet. This is because the magicbreakout is surely a magical program. A program that i am surely everyone doing trades would like to use. Works so well.
Carla on 2018-11-02 04:03:11
Magic Breakout can bring you and how it can multiply the amount that you traded, then do not think twice about finding a review which will make you see the truth behind what it is claiming.
If you have been constantly trading for the past years and yet you ended up getting higher percentage for your loss than your wins, then you must find a way to let go of that chain and attract more favorable outcomes.
Kristin T. on 2018-06-25 07:48:40
successful breakout trading hinges on the trader’s ability to distinguish between the true and the false. This is exactly what Julie and Tim will teach you to master in their guide. You will learn how to master double top and double bottom patterns, which experienced traders use to distinguish true from false breakouts. You will also learn how to properly use descending and ascending triangles.
Mastering the correct interpretation of these charts is no easy task, but the guide walks you through the process in an easy to follow step-by-step process. You will benefit from the years of experience they have amassed trading breakouts, and learn to see the charts the way they do. They will explain how you can use the Channel Commodity Index Indicator to correctly identify breakouts, and avoid getting burned by false breakouts.
Kathryn Calloway on 2018-04-01 16:05:08
MagicBreakout offers a safe strategy and colored proprietary indicators that will make your trading comfortable.
Robert on 2017-11-20 11:28:34
Very simple to set up on any Meta Trader 4 (MT4) broker. Entry, Stops, and Targets, as mentioned above, are 100% mechanical.
GoldmineLois J. Kitchens on 2017-11-09 22:35:49
Forex traders have no other program other than this one. The reason why i am saying this is because i have used this guide and seen how well it works. The program provides me with an easy time when it comes to trading. There are no additional costs when using it.
Keith Brown on 2017-10-20 21:38:40
I was getting confused with some issues for my business. Now I am relieved that I have this guide to assist me in any situation.
Simple and easyLisa Bowersox on 2017-10-09 13:04:42
This is a solid reliable manual for trading that gives clear entry and exit. The package includes a manual with a trading example.