Breakout or Retest: choose your entry approach
Two approaches to a GG candle setup, shown as a plan on the chart.
GG Algo lets you choose Breakout or Retest. A Breakout approach looks for action as price pushes beyond a level; a Retest approach waits for price to return to a level before entry. Each can create a different entry path and a different chance of missing the move.
When the move breaks away
The Breakout approach is for traders who want an entry as the move develops beyond the level. Review the displayed stop-loss before accepting the risk of a false break.
When price comes back
The Retest approach waits for a return to the level. It may offer a different entry price, but the market may never retest. Waiting is part of that choice.
Compare the whole plan
Do not choose based on entry alone. Look at the stop-loss, take-profit and any optional second entry before you decide.
FAQ
Is Breakout always faster?+
It seeks action around the break; timing still depends on the actual setup and market.
Can I switch approaches?+
Use the GG Algo settings to select the approach you want to evaluate on your chart.
See the setup. Go after the move.
GG Algo puts entry, optional second entry, take-profit and stop-loss on your TradingView chart. Trade manually or connect the alerts.
Trading can result in substantial loss. GG Algo shows planned chart levels and alerts; neither a setup nor an alert guarantees a profitable trade. Connected execution depends on a separate compatible service.