Asian Breakout Range Metatrader 4 Forex Indicator

The Asian Breakout Range forex indicator for Metatrader 4 is used to trade Asian session breakouts.

The indicator draws a colored box ready to trade Asian breakouts either to the upside or downside.

The trading box principle is very easy to understand:

Open buy trade when price exceeds the high price of the box, this is a bullish signal.

Vice versa, open sell trade when price exceeds the low price of the box, this is a bearish signal.

The most interesting currency pairs to trade the Asian box system include USD/JPY, GBP/JPY, EUR/JPY, EUR/USD and GBP/USD.

Feel free to experiment with other forex pairs as well.

Free Download

Download the asian-breakout-range-indicator.ex4” MT4 indicator

Example Chart

The EUR/USD H1 chart below displays the Asian Breakout Range Metatrader 4 indicator in action.

Basic Trading Signals

Signals from the Asian Breakout Range Metatrader 4 forex indicator are easy to interpret and goes as follows:

Buy Signal: Open buy trade when price exceeds the high price of the Asian session box.

Sell Signal: Open sell trade when price exceeds the low price of the Asian session box.

Trade Exit: Use your own method of trade exit.

Download

Download the asian-breakout-range-indicator.ex4” Metatrader 4 indicator

MT4 Indicator Characteristics

Currency pairs: Any (see preferred forex pairs above)

Platform: Metatrader 4

Type: Chart pattern indicator

Customization options: Variable (Period Begin, Period End, Background) Colors, width & Style.

Time frames: 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour

Type: Breakout

Installation

Copy and paste the asian-breakout-range-indicator.ex4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Indicators (paste here)

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