Breakout Box Forex Indicator

The breakout box Metatrader 4 indicator is built to trade price breakouts in the forex market. Just set the period begin and period end to draw the rectangle box. Use this indicator from the 15 min chart up to the 1 hour.

Trading Signals

Buy: The price closes above the rectangle box.

Sell: The price closes below the rectangle box.

Tip: Trade in the direction of the overall trend.

Uptrends: Buy a breakout above the box, avoid selling a breakout below the box.

Downtrends: Sell a breakout below the rectangle box, avoid buying a breakout above the box.

Indicator Preferences

Currency pairs: any

Preferred Time frames: 15 min, 30 min, 1 hour

Sessions: London

Download

Download the forex-breakout-box.ex4 indicator.

Configurable Indicator Options

Exit Target, period A begin and period A end, period B, Rectangle Colors,…

EUR/USD H1 Chart Example

forex-breakout-box-indicator

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