Hans Breakout Metatrader 4 Forex Indicator

The Hans Breakout MT4 indicator marks the high and the low of a predefined time span.

This makes it easy for anyone to trade range breakout signals.

Here’s how to trade the Hans breakout:

  • A buy breakout signal occurs when the price bar closes above the upper Hans resistance line.
  • A sell breakout signal occurs when the price bar closes below the lower Hans support line.

For better performance, trade breakouts from the Hans Metatrader 4 indicator in the direction of the overall trend.

It’s wise to combine the indicator with a trend following forex indicator.

For instance, combine with the 100 period simple moving average or Bollinger Bands.

  • Overall trend upwards? Trade buy breakout Hans signals and ignore the sell breakout signals.
  • Overall trend downwards? Trade sell breakout Hans signals and ignore the buy breakout signals.

Try this for any trade style of your preference.

Free Download

Download the hans-indicator.mq4” MT4 indicator

Example Chart

The EUR/USD 1-hour chart below displays the Hans Breakout Metatrader 4 indicator in action.

Basic Trading Signals

Signals from the Hans Breakout MT4 indicator are easy to interpret and goes as follows:

Buy Signal: Initiate a long trade when price breaks above the upper Hans resistance line. Confirm that the overall trend is up. Place a stop-loss below short-term support.

Sell Signal: Initiate a short trade when price breaks below the lower Hans support line line. Confirm that the overall trend is down. Place a stop-loss above short-term resistance.

Trade Exit : Use your own method of trade exit.

Download

Download the hans-indicator.mq4” Metatrader 4 indicator

MT4 Indicator Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: Chart pattern indicator

Customization options: Variable (pips for entry) Colors, width & Style.

Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

Type: breakout

Installation

Copy and paste the hans-indicator.mq4 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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