The Forex Trend Breakout Buy/Sell indicator for Metatrader 5 alerts you once the price is breaking out of its tight trading range.
How does it generate Buy/Sell trading signals?
A green arrow is presented when the trend is breaking upward, whereas a red arrow is presented when the trend is breaking downward.
This signal indicator should work equally well for any currency pair and time frame.
The indicator includes several inputs and parameters, such as active or passive trading, sending email, audible alerts, push alerts, and more.
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BDA Trend Breakouts.ex5 Indicator (MT5)
Trading Chart USDJPY M5
The picture below illustrates how the Forex Trend Breakout Buy/Sell indicator looks when applied to the MT5 chart.
How To Buy And Sell With The Forex Trend Breakout Buy/Sell Indicator?
Find a simple trading strategy below:
Buy Signal
- A green colored arrow creates a buy signal.
- Execute a buy market order and place a stop loss below the previous swing low.
- Close the buy trade for a fixed profit target, for example, +15 pips on the 5-minute chart.
- Optionally: await a sell arrow to close the buy trade.
Sell Signal
- A red colored arrow creates a sell signal.
- Execute a sell market order and place a stop loss above the previous swing high.
- Close the sell trade for a fixed profit target, for example, +20 pips on the 15-minute chart.
- Alternatively, await a buy arrow to close the sell trade.
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BDA Trend Breakouts.ex5 Indicator (MT5)
Breakout Reversal MT5 Strategy Using Trend Breakout & Value Trend Reversal
The Forex Trend Breakout Buy Sell Indicator for MT5 identifies trend continuation breakout signals.
When paired with the Value Trend Reversal Indicator, traders gain early insight into trend exhaustion, helping to time entries near key reversal or breakout zones.
Recommended Timeframes
Best on M15 to H1 charts for spotting momentum breakouts and reversals.
Strategy Components
- Trend Breakout Buy Sell: Provides buy/sell signals at breakout points of price structure.
- Value Trend Reversal: Detects potential trend reversals before a breakout or during exhaustion phases.
Buy Setup
- Wait for a bullish reversal signal from the Value Trend Reversal Indicator.
- Confirm a breakout buy signal from the Trend Breakout Buy Sell Indicator.
- Enter long when both indicators agree on upward movement.
- Place a stop-loss below the recent swing low or reversal zone.
- Set the take profit near resistance or use a 1:2 risk-reward ratio.
Sell Setup
- Watch for a bearish reversal signal from the Value Trend Reversal Indicator.
- Confirm it with a sell signal from the Trend Breakout Buy Sell Indicator.
- Enter short after both confirmations.
- Set stop-loss above the recent high or reversal zone.
- Target support levels or use risk-reward management.
Why This Strategy Works
The Value Trend Reversal Indicator anticipates turning points, while the Trend Breakout Indicator confirms the continuation or breakout, making this strategy reliable in trending and reversal environments.
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 BDA Trend Breakouts.ex5 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!
