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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 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


    How to install the Breakout Box custom indicator in Metatrader 4?

    • Download the forex-breakout-box.ex4 indicator to your computer.
    • Open your Metatrader 4 platform.
    • Open the data folder from the top menu.
    • Open the MQL4 folder.
    • Open the indicators folder.
    • Paste the indicator file in this folder.
    • Restart the trading platform.
    • Open any trading chart.
    • Attach the indicator to the chart.