MagicBreakout website offers two trading system. Magic Breakout and Magic Breakout Plus. The paid version i.e. the plus comes with the custom indicator. It is very well known that breakout strategy, if used correctly, could be very profitable. However, one single profitable trade could cover all your minor loses. On the flipside, breakout strategy has lots of small losses. In this review, we will explore how profitable this trading system is.
MagicBreakout Plus Link: http://www.magicbreakout.com/plus.php
Magic Breakout Plus is trading strategy based on price breakout. It comes with custom indicators and trading manual, plus a money management guide.
The custom indicators work over Meta Trader 4 and Meta Trader 5 Platform. The strategy is 100% mechanical meaning the indicators ensure that there is no guess work required from the user. This is how the indicator looks like once deployed on the chart.
How Much Profit Does It Make?
The website is indirectly stating that the strategy can make more than 67% profit every month. Moreover, it even claims that their students have made up to 5400% in one year. Now, all these are claims. There is no concrete proof of earning. Only a few trades example, which I believe is insufficient to prove the overall profitability of the system.
In addition, there are no testimonials on the sales page, which could prove that user actually made money with this strategy. I tried searching online, but there aren’t sufficient feedback online to establish the results of Magic Breakout plus.
Magic Breakout Plus has no proof only claims. The breakout strategy is really profitable but please note that the actual breakout using support and resistance is different than the MagicBreakout Plus. If the system is as profitable as the sales page claiming to be. Then why haven’t they posted a trading statement to back up their promises?
You can access the indicators and manual for $87 and that also comes with a 60 days money back guarantee. But I think you will be wasting your time testing a strategy which you have no faith in the first place. Hence, my advice is to simply throw it out of the window.