The Jebatfx Breakout Trend Line Forex indicator for Metatrader 4 provides smart breakout trend lines for both buy and sell trades.
The indicator works on pure price action and provides the take profit target for both buy and sell trades!
Just load the indicator on the chart, and the trend lines will appear instantly, together with the suggested profit targets.
- A break of the green colored resistance trend line signals a buy trade opportunity.
- A break of the red colored support trend line signals a sell trade opportunity.
You can combine this indicator with candlestick patterns for better trade entry.
The indicator works on all trading instruments (Forex, CFD stocks, Indices, Cryptocurrencies, Commodities,..).
Free Download
Download the “jebatfx breakout trendline.mq4” indicator for MT4
Indicator Chart (EUR/USD M5)
How to trade with it (example) ?
Open a buy trade as soon as price breaks above the green dotted trend line.
Place your take profit target at the green tick line.
Open a sell trade as soon as price breaks below the red dotted trend line.
Place your take profit target at the red tick line.
Feel free to use your own favorite trading method to open and close trades with the Jebatfx Breakout Trend Line Forex indicator.
Indicator Specifications
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Trend line, trend line style, projection lines, alerts, color settings & style
Indicator type: Price action
Repaint? Does not repaint the advanced trend lines.
Download Now
Download the “jebatfx breakout trendline.mq4” indicator for Metatrader 4
Usage:
Works for any trade style: scalping, day trading and swing trading.
The Jebatfx Breakout Trend Line indicator for MT4 can be utilized as a standalone signals indicator.
It can be combined with other technical indicators and candlestick price patterns.
