Don’t you have that figured out in your spreadsheet? Or am I confusing threads? Were you the one that had a frequency distribution of the pips from entry to high?
Remember the cheetah will give up quickly if the kill isn’t immediate. It is better to lose 10 pips 4 times and make it all back the fifth time than lose 40 pips one time and not take the next entry.
Another example.
I do understand your management once you’re on the trade, but I don’t quite understand how you decide how much space in the room you left for price to breath.
Since you know how much capital you’re able to risk per trade before entering the trade, you already know how to distribute that percentage before entering. So your stop loss is defined way in advance, or at least that’s how I think you do it.
That’s the part I’d like to know more about.
Ok this makes thing clearer for me regarding the trade management. To call it a breakout it should be an explosive or fast price behavior, otherwise it is not a breakout per se.
Multiple entry possibilities.
You are correct the stop loss (in pips) is known in advance. I will risk 1% per $1000 of account balance and trade 1 minilots per $1000.
[B]SL = RISK / PS = $10 / 1 = 10 PIPS.[/B]
This is very conservative IMHO.
Price is [B][I]always[/I][/B] breaking out whether on one chart period over a certain number of bars or a different time period over a different number of bars. Some break outs are more explosive than others. My objective is to accumulate many small wins while keeping my losses to a minimum and small.
Yes you’re right, I was talking about explosive breakouts, I didn’t express myself right.
Possible pressure building up for an explosive breakout.
Explosive? 10 pips in 10 minutes. The cheetah would be proud.
The indicator and template I use are in the attached zip file.
You can change which periods are displayed, colors used, and line style/width by changing the indicator inputs. You can also turn on/off the shading.
ENJOY! 
J-H2L2BREAKOUT.zip (5.74 KB)
Not quite explosive but profitable.
And where was your stop loss in that particular trade and based on what?
It’s interesting to look at this strategy which is almost the opposite of a strategy in another thread in this forum that is really popular - the MMTT. Basically its like trading the retrace from price breaking out of the 2 day average of the high or the low, while the cheetah strategy s trading the breakout of the 2 day absolute high or low.
I wonder if it would be a good idea to trade both strategies at the same time to maximize profitability?
It is not the opposite. Trading both strategies at the same time would most likely be hazardous to your account balance.
it’s just like deja vu all over again
:eek:seems like I’ve heard that somewhere before 
Would it? I was thinking the two would sort of compliment each other, catch pips going both ways? no?
Or getting stopped out both ways. Better to master one trade before attempting two.
Why not master 2 ways or 3 ways
I mean really master each, trade each separately for a while then put it all together. The more good set ups or triggers you have and look for the more profit you can have. If the setup is truly good in a good strat your chance of losing an individual trade is not reduced because you might take a separate trade based on different rules. just don’t get trigger happy 
The Cheetah gets in on the breakout when it happens and closes a couple of pips quickly if price is moving slowly, or holds on for more pips if price is moving fast.
Either way, the cheetah’s trade is closed by thetime a LH or HL has formed a reversal mmtt trade on the 5min TF for a retrace back to the middle of the daily range.
So really one method trades price going one way, and the other waits for the price to come back and is a confirmed reversal.
So youre really not trading them literally at the “same time” I just mean employing both methods in the same session, which essentially means you will be making trades one after another upon confirmatiion.