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3 Line Break Forex Scalper For MT5

    The 3 Line Break scalper indicator for Metatrader 5 is designed to generate reliable trend trading signals for scalpers and day traders.

    It primarily utilizes the 3 line break trading pattern and appears as blue and red colored candles in the main chart.

    To identify short-term buy and sell trends using this tool, follow these guidelines:

    • A series of blue candles indicate a short-term bullish trend.
    • A series of red candles indicate a short-term bearish trend.

    You have the flexibility to modify the following indicator inputs and parameters: line break value, style, colors.

    The 3 Line Break scalper works for any trading instrument supported by the Metatrader 5 charting platform.

    It is recommended to familiarize yourself with this technical indicator and thoroughly test it on a demo account for an extended period.

    Worth noting: scalpers and day traders can enhance their profit potential by utilizing the 3 Line Break scalper during the London and American trading hours.

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    3linebreak.mq5 Indicator (MT5)

    Chart Example

    The picture below illustrates how the 3-Line Break Scalper indicator looks like when applied to the MT5 chart.

    How To Buy And Sell Pairs With The 3 Line Break Scalper Indicator?

    Find a simple trading strategy below:

    Buy Signal

    • A buy signal is given when the blue colored 3 Line Break candle gets displayed on the chart (see chart example above).
    • Start by placing a buy order and place a stop loss below immediate support.
    • Exit the buy trade for 10-25 pips profit.
    • Optional: close and reverse the buy trade when the red colored candle appears on the chart.

    Sell Signal

    • A sell signal is given when the red colored 3 Line Break candle gets displayed on the chart (see chart example above).
    • Start by placing a sell order and place a stop loss above immediate resistance.
    • Exit the sell trade for 10-25 pips profit.
    • Optional: close and reverse the sell trade when the blue colored candle appears on the chart.

    Download Now 🆓

    3linebreak.mq5 Indicator (MT5)

    Frequently Asked Questions

    How Do I Install This Custom Indicator On Metatrader 5?

    • Open the MT5 trading platform
    • Click on the File menu button located at the top left part of the platform
    • Click on Open Data Folder > MQL5 folder > Indicators
    • Copy the 3linebreak.mq5 indicator file in the Indicators folder
    • Close and restart the trading platform
    • You will find the indicator here (Navigator window > Indicators)
    • Drag the indicator to the chart to get started with it!

    How Do I Edit This Indicator?

    • Click in the open chart with your right mouse button
    • In the dropdown menu, click on Indicator List
    • Select the indicator and click on properties
    • Now you can edit the inputs, colors, levels, scale and visualization
    • Finally click the OK button to save the new configuration
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