The Forex Awesome Breakout indicator for Metatrader 4 draws a box around recent price action that can be used to trade powerful price breakouts in either direction.
The box breakout system is very easy to use, even for beginner traders.
It works best on the USD/JPY, GBP/USD, GBP/JPY, and EUR/USD currency pairs.
Just try it!
Buy & Sell Trade Example
- A buy signal occurs when the price breaks and closes above the high of the breakout box.
- A sell signal occurs when the price breaks and closes below the low of the breakout box.
Feel free to experiment with the different box color settings.
The indicator works on all trading instruments (Forex, CFD stocks, Indices, Cryptocurrencies, Commodities,..).
Free Download
Download the “forex-breakout-box.ex4” indicator for MT4
Indicator Example Chart (EUR/USD M15)
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Forex Awesome Breakout indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Price breakout
Does the indicator repaint? No.
Download Now
Download the “forex-breakout-box.ex4” indicator for Metatrader 4
