About the Buy Sell Signal Forex Breakout Indicator
The Buy Sell Signal Forex Breakout indicator for MetaTrader 4 is a session-based trading tool built to capture breakout opportunities during the main forex sessions.
It focuses on the Asia, London, and New York sessions, where liquidity and volatility often increase.
The indicator plots all signals directly on the activity chart, making it easy to see trading zones without switching between windows.
For each session, it provides one buy signal and one sell signal, along with three predefined take profit levels for both directions.
In addition to signals, the indicator draws session boxes for Asia, London, and New York.
These boxes highlight key price ranges that often act as breakout areas.
The tool works best on the M30 and H1 charts, where session ranges and breakouts are easier to manage.
Free Download
Download the “3breakoutboxes.ex4” MT4 indicator
Key Features
- Session-based breakout signals for Asia, London, and New York.
- One buy and one sell signal per session.
- Three take profit levels for each trade direction.
- Exact entry levels are displayed on the chart.
- Clearly marked buy and sell zones.
- Automatic drawing of session boxes.
- Optimized for M30 and H1 timeframes.
Indicator Chart
This chart example shows the Buy Sell Signal Forex Breakout indicator applied to the price chart.
The chart displays session boxes along with clearly marked buy and sell zones, entry prices, and multiple take profit targets for each breakout setup.
Guide to Trade with Buy Sell Signal Forex Breakout Indicator
Buy Rules
- Wait for a buy signal to appear above the session box.
- Confirm that price breaks and closes above the highlighted buy zone.
- Ensure the breakout occurs during the active session.
- Enter a buy trade at the indicated entry level.
Sell Rules
- Wait for a sell signal to appear below the session box.
- Confirm that price breaks and closes below the highlighted sell zone.
- Ensure the breakout occurs during the active session.
- Enter a sell trade at the indicated entry level.
Stop Loss
- Place the stop loss on the opposite side of the session box.
- Use the most recent session high or low as a reference.
- Adjust the stop loss based on current market volatility.
Take Profit
- Use the first take profit level for partial profit.
- Target the second take profit level for the main position.
- Leave a portion open toward the third take profit level.
Buy Sell Session Breakout Indicator + SuperTrend MTF Forex Strategy
This MT4 trading strategy combines the Buy Sell Signal Breakout Indicator with the SuperTrend MTF Indicator.
Together they create a simple trend and breakout trading method that works well on M5, M15, M30, H1 and H4.
The Buy Sell Signal Breakout indicator is very useful because it provides signals for the three major sessions: Asia, London, and New York.
Each session gives one buy and one sell signal, together with three take profit levels.
This creates a structured trading environment where traders can focus on clean and predictable opportunities.
The SuperTrend MTF indicator gives additional confirmation by plotting a green line for a bullish trend and a red line for a bearish trend.
This helps filter weak entries and improves accuracy by ensuring trades are placed only in the correct direction of the higher time frame trend.
This strategy is suitable for day traders and swing traders who prefer clear rules and visual confirmation.
It works well on most currency pairs and is especially effective during high-volume market sessions.
Buy Entry Rules
- Wait for the Buy Sell Signal Breakout indicator to print a buy signal for the session.
- Confirm that the SuperTrend MTF line is green and that the price is trading above it.
- Enter a buy position at the candle close after the breakout signal.
- Place the stop loss below the most recent swing low or below the green SuperTrend line.
- Take profit at TP1, TP2, and TP3 from the breakout indicator or set fixed targets such as 20 to 40 pips, depending on the time frame.
Sell Entry Rules
- Wait for the Buy Sell Signal Breakout indicator to print a sell signal for the session.
- Confirm that the SuperTrend MTF line is red and that the price is trading below it.
- Enter a sell position at the candle close after the breakout signal.
- Place the stop loss above the most recent swing high or above the red SuperTrend line.
- Take profit at TP1, TP2, and TP3 from the breakout indicator or set fixed targets such as 20 to 40 pips, depending on the time frame.
Advantages
- The combination of breakout signals and trend confirmation reduces false entries.
- Only one buy and one sell signal per session keeps trading simple and structured.
- Multi-timeframe trend filtering helps traders stay aligned with the stronger direction.
- Clear stop loss areas based on SuperTrend make risk management easy.
- Works well on multiple time frames and currency pairs.
Drawbacks
- Breakouts during low volatility can fail quickly.
- Traders may miss some entries if they appear at session open.
- SuperTrend lag can delay entries during strong momentum moves.
- The strategy performs worst in tight sideways markets.
Case Study 1
During the London session on EURUSD M15, the Buy Sell Signal Breakout indicator generated a clear buy signal.
Price pushed above the session breakout level, and the SuperTrend MTF line was already green, showing a healthy bullish trend.
The entry candle closed with steady upward momentum, so a buy position was opened at the breakout confirmation.
The market continued to climb without hesitation. TP1 was reached within a few minutes as London volatility increased.
The move stayed clean, and the SuperTrend line acted as strong support. Soon after, TP2 was reached with about 25 pips gained.
Price continued trending higher into mid-session, completing TP3 and offering a total move of around 40 pips with very little drawdown.
This trade showed how strong session breakouts combined with a supportive SuperTrend trend filter can create smooth and controlled trend moves.
Case Study 2
On GBPJPY H1 during the New York session, the breakout indicator produced a sell signal.
Price dropped below the marked breakout level, and the SuperTrend MTF line remained solidly red, confirming bearish momentum.
A sell position was opened once the breakout candle closed below the level.
Shortly after the entry, the pair accelerated to the downside, and TP1 was achieved quickly.
The move continued with consistently lower highs, pushing the trade into TP2 for roughly 35 pips.
The bearish structure stayed intact throughout the session, and TP3 was eventually reached for a wider move of about 70 pips.
Strategy Tips
- Focus on the three major sessions because each one provides a buy and sell signal with three take profit levels.
- Only trade in the direction of the SuperTrend MTF line. Green means buy trend and red means sell trend.
- Pairs with strong movement, such as EURUSD, GBPUSD, XAUUSD, and GBPJPY, work best.
- Avoid choppy markets where the breakout signal appears too close to the SuperTrend line.
- Use a fixed risk amount per trade and target at least a two-to-one reward ratio when possible.
Download Now
Download the “3breakoutboxes.ex4” Metatrader 4 indicator
FAQ
Which sessions does the indicator cover?
The indicator covers the Asia, London, and New York sessions and adjusts signals for each session automatically.
Why are multiple take profit levels provided?
Multiple targets allow traders to manage risk by scaling out of positions as price moves in their favor.
Which timeframe works best with this indicator?
The M30 and H1 charts are recommended, as they provide balanced session ranges and cleaner breakouts.
Summary
The Buy Sell Signal Forex Breakout MT4 indicator offers a structured way to trade session-based breakouts with predefined entries and profit targets.
Its on-chart display keeps all essential trading information visible at a glance.
By combining session boxes with clear buy and sell zones, the indicator helps traders stay disciplined during high-activity periods.
Further refinement can be achieved by adjusting stop loss placement and managing positions across multiple take profit levels.
