The Buy/Sell Signal Breakout forex indicator for MT4 provides signals for the 3 major sessions: Asia, London, and New York.
For every session, the indicator provides one buy and one sell signal together with 3 take profit levels for both long and short trade entries.
Everything is clearly displayed on the activity chart.
It gives you the exact entry level and take profit levels for the buy zone and sell zone.
Moreover, the indicator draws the London box, New York box, and Asia box on the chart.
It’s recommended to load the indicator on the M30 or H1 chart.
Free Download
Download the “3breakoutboxes.ex4” MT4 indicator
Indicator Chart (EUR/USD M30)
The EUR/USD M30 chart below displays the Buy/Sell Signal Breakout Metatrader 4 forex indicator in action.
Basic Trading Signals
Signals from the Buy/Sell Signal Breakout MT4 forex indicator are easy to interpret and go as follows:
Buy Signal: Open a buy trade at the exact “Buy Zone” entry price.
Place a stop loss and take profit levels for the long trade according to the Buy/Sell Signal Breakout indicator’s recommended price levels.
Sell Signal: Open a sell trade at the exact “Sell Zone” entry price.
Place a stop loss and take profit levels for the short trade according to the Buy/Sell Signal Breakout indicator’s recommended price levels.
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
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart window indicator
Customisation options: Variable (SL, TP1, TP3, TP3, Asia, London, New York, Alerts) Width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, Daily, Weekly, Monthly
Type: breakout signals
