About the Indicator
The ATM Master Candle Breakout Indicator for MT4 is designed to detect powerful breakout opportunities around.
It helps traders capture strong trending moves right at the start, with minimal lag and clear signals. Ideal for intraday breakouts on all currency pairs.
It appears as a yellow breakout box on the chart that’s easy to trade, even for beginners.
The idea behind the master candle indicator is simple:
- A buy trade will be initiated whenever the price closes above the ATM Master Candle breakout box.
- A sell trade will be initiated whenever the price closes below the ATM Master Candle breakout box.
The ATM indicator delivers strong results in a trending environment.
Tip: Monitor several currency pairs with this indicator to spread your money risk.
Free Download
Download the “atm-master-candle.mq4” indicator for MT4
Benefits of Using the ATM Master Candle Breakout Indicator
- Helps capture early strong trends
- Price action trading
- Non-repainting breakout signals
- Custom alerts keep you informed
- Works well with breakout and momentum strategies
Indicator Example Chart (USD/CHF H4)
How to Trade Using This Indicator
Buy Signal:
Open a buy trade as soon as the price closes above the ATM Master Candle indicator range.
Exit Strategy:
Exit the trade at a fixed profit target or use a minimum risk-to-reward ratio of 1.5:1.
Sell Signal:
Open a sell trade as soon as the price closes below the ATM Master Candle indicator range.
Exit Strategy:
Take profit at a fixed level or apply a 1.5:1 or better risk/reward strategy.
Tip: You are free to use your own preferred trading methods or combine this indicator with your favorite tools to determine entry and exit points.
Download Now
Download the “atm-master-candle.mq4” indicator for Metatrader 4
ATM Master Candle Breakout + Beginner Forex Indicator Strategy for MT4
This strategy combines the powerful breakout detection of the ATM Master Candle Breakout Forex Indicator with the straightforward buy and sell signals of the Beginner Forex Indicator.
Together, these indicators help traders capture strong breakout moves with clear entry points, making it ideal for both new and experienced traders on MetaTrader 4.
What Is This Strategy About?
The ATM Master Candle Breakout Indicator identifies “master candles” and signals potential breakouts when the price moves outside that range.
The Beginner Forex Indicator provides simple, reliable buy and sell signals to confirm trade direction.
By combining breakout detection with confirmation from the Beginner Indicator, traders can enter high-probability trades with better timing and confidence.
Buy Rules
- Wait for a bullish breakout from the ATM Master Candle, indicated by the price closing above the master candle’s high.
- Confirm a buy signal from the Beginner Forex Indicator (such as a green arrow or equivalent).
- Enter a buy trade at the open of the candle following both conditions.
- Place a stop loss just below the master candle’s low or a recent support level.
- Set take profit at the next resistance level or trail stops as the breakout progresses.
Sell Rules
- Wait for a bearish breakout below the ATM Master Candle’s low, with price closing beneath that level.
- Confirm a sell signal from the Beginner Forex Indicator (red arrow or similar).
- Open a sell trade at the next candle open after confirmation.
- Set stop loss above the master candle’s high or a nearby resistance area.
- Take profit near the next support zone or use trailing stops to protect profits.
Advantages
- High-probability breakout entries: Focuses on strong moves following consolidation.
- Simple confirmation: Beginner Forex Indicator provides clear, easy-to-read signals.
- Effective on multiple timeframes: Suitable for M15, M30, H1, and higher.
- Clear risk management: Well-defined stops based on master candle structure.
Drawbacks
- False breakouts: Some breakouts may fail, especially during low volatility or news events.
- Signal delay: Waiting for both breakout and confirmation may cause missed early moves.
- Requires discipline: Traders must wait for clear signals and avoid premature entries.
Thoughts
The combination of the ATM Master Candle Breakout Forex Indicator and the Beginner Forex Indicator provides a robust system for trading breakouts with added confirmation.
This strategy works best during active market sessions and can help traders capture strong momentum moves while managing risk effectively.
Always use sound money management and patience for the best results.
Case Study Example
GBP/USD H1 Chart Analysis (30-Day Sample Period):
- Total Signals: 28 trades
- Winning Trades: 19 (67.9%)
- Average Win: +45 pips
- Average Loss: -20 pips
- Net Result: +675 pips over the testing period
Pros and Cons
Pros:
- Captures strong breakout momentum
- Non-repainting, reliable signals
- Suitable for day trading and scalping
- Alerts add convenience
Cons:
- Requires confirmation in low-volatility environments
- May perform poorly in choppy markets without additional filters
Indicator Specifications
| Indicator Name | ATM Master Candle Breakout |
|---|---|
| Platform | MetaTrader 4 (MT4) |
| Timeframes | All (M15, M30, H1 recommended) |
| Currency Pairs | All major and minor forex pairs |
| Inputs | Master candle range filter, alerts on/off, arrow colors |
| Signal Type | Price action |
| Repaint | No |
Final Words
The ATM Master Candle Breakout Indicator for MT4 is an excellent tool for traders seeking clear and actionable breakout signals from solely price action.
Combine it with momentum or trend filters to optimize results.
