Buy/Sell Signal Breakout Metatrader 4 Forex Indicator
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.
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 goes 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 recommend 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 recommend price levels.
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart window indicator
Customization 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
Copy and paste the 3breakoutboxes.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)