About the Super Range Breakout Indicator
The Super Range Breakout indicator is a price-based MT4 tool designed to identify potential breakout opportunities from defined trading ranges.
It automatically plots buy and sell breakout levels directly on the active price chart, allowing traders to react quickly when price reaches key zones.
The indicator removes the need to manually draw support and resistance levels.
Instead, it calculates breakout areas based on recent price behavior and marks them using colored horizontal bars.
This makes it easier to focus on execution rather than constant chart adjustments.
In addition to breakout levels, the indicator displays a percentage-based trending factor in the upper-left corner of the chart.
This value helps traders judge whether the market is more likely to trend or remain range-bound, adding context to breakout decisions.
Free Download
Download the “!!!-MT4 X-BREAKOUTBOX.ex4” MT4 indicator
Key Features
- Automatically plotted buy and sell breakout levels.
- Blue bar marks bullish breakout price.
- Red bar marks bearish breakout price.
- Includes a percentage trending factor display.
- Works directly on the main MT4 price chart.
- Suitable for intraday and short-term trading.
Indicator Chart
The chart shows the Super Range Breakout indicator applied to the price chart with colored horizontal bars.
The blue and red bars highlight potential breakout levels where buy or sell trades can be triggered.
Guide to Trade with Super Range Breakout Indicator
Buy Rules
- Wait for the price to reach the blue Super Range Breakout level.
- Confirm that market conditions support a breakout move.
- Open a buy trade once price touches or breaks the blue bar.
Sell Rules
- Wait for the price to reach the red Super Range Breakout level.
- Confirm that downside momentum is present.
- Open a sell trade once price touches or breaks the red bar.
Stop Loss
- Place the stop loss one pip below the brown indicator bar for buy trades.
- Place the stop loss one pip above the dark green indicator bar for sell trades.
- Alternatively, use nearby short-term support or resistance.
Take Profit
- Set take profit based on recent price expansion after breakouts.
- Close the trade when price momentum starts to slow.
- Partial profits can be taken during strong breakout moves.
Super Range Breakout + AMA Signals Forex Scalping Strategy for MT4
This MT4 scalping strategy combines the Super Range Breakout indicator with the AMA Signals.
Instead of waiting only for the signal bars to appear, this strategy uses the blue and red Super Range Breakout levels as active breakout points:
Enter a buy when the price trades above the blue bar and a sell when it trades below the red bar.
The AMA Signals adds trend confirmation with blue dots for bullish and brown dots for bearish momentum.
This approach works well for M1 and M5 charts for quick scalping opportunities.
Buy Entry Rules
- Wait for the price to trade above the blue Super Range Breakout bar level, indicating a bullish breakout.
- Confirm a blue dot from AMA Signals, signaling upward momentum.
- Enter a buy trade at the close of the candle that breaks above the blue level.
- Place a stop loss below the blue bar level or the recent swing low (5–10 pips on M1, 10–15 pips on M5).
- Set a take profit target of 8–15 pips on M1 or 15–30 pips on M5, or trail with price if momentum continues.
Sell Entry Rules
- Wait for the price to trade below the red Super Range Breakout bar level, indicating a bearish breakout.
- Confirm a brown dot from AMA Signals, signaling downward momentum.
- Enter a sell trade at the close of the candle that breaks below the red level.
- Place a stop loss above the red bar level or recent swing high (5–10 pips on M1, 10–15 pips on M5).
- Set a take profit target of 8–15 pips on M1 or 15–30 pips on M5, or trail with price if momentum continues.
Advantages
- Uses breakout levels as dynamic entry points for higher probability trades.
- Combines breakout and trend confirmation to reduce false signals.
- Works well on short-term M1 and M5 charts for scalping.
- Flexible exit strategies, including trailing stops or fixed targets.
Drawbacks
- Breakouts can be false in low-volatility or choppy markets.
- Requires fast execution on M1 charts.
- Not suitable for trading around major news events due to sudden volatility.
Example Case Study 1
On EURUSD M1, the blue Super Range Breakout level was at 1.1080.
Price broke above this level, and a blue AMA dot appeared, confirming bullish momentum.
A buy trade was entered at 1.1081 with a stop loss at 1.1075 (6 pips) and a take profit at 1.1091 (10 pips).
Price moved quickly above the level, hitting the target within 5 minutes for a +10 pip scalp.
Example Case Study 2
On GBPJPY M5, the red Super Range Breakout level was at 154.35.
Price broke below this level, and a brown AMA dot confirmed the bearish trend.
A sell trade was opened at 154.33 with a stop loss at 154.48 (15 pips) and a take profit at 154.05 (28 pips).
The pair trended down steadily, reaching the take profit within 20 minutes for a +28 pip gain.
Strategy Tips
- Trade only when price breaks above/below the Super Range levels and AMA signals confirm the trend.
- Focus on liquid pairs to ensure tight spreads and fast execution.
- Use trailing stops if momentum continues past the initial take profit for maximum gains.
- Avoid trading during major news events to reduce the risk of slippage.
- Monitor multiple pairs using M1 and M5 charts for higher frequency scalping opportunities.
Download Now
Download the “!!!-MT4 X-BREAKOUTBOX.ex4” Metatrader 4 indicator
FAQ
What type of market suits this indicator best?
The Super Range Breakout indicator performs best during active market sessions when volatility increases and price is likely to break established ranges.
What does the trending factor percentage show?
The trending factor gives an estimate of how directional the market currently is. Higher values suggest stronger trending conditions.
Does the indicator repaint breakout levels?
The breakout levels are calculated dynamically, but confirmed levels remain stable once price interacts with them.
Summary
The Super Range Breakout indicator offers a straightforward approach to trading price breakouts without manual level drawing.
Its visual breakout bars make trade opportunities easy to identify.
With the added trending factor and clear risk placement options, the indicator fits well into structured breakout strategies.
When combined with proper session timing and risk control, it can support consistent breakout trading on MT4.
