The Easy Breakout Indicator might just be the solution you’ve been looking for if you’ve ever felt the frustration of using support & resistance levels correctly. It simplifies breakout trading and gives you entry points just in time. This tool is perfectly designed for traders to give accurate and non-repainting Buy and Sell signals.
Indicator Description
The Easy Breakout indicator shows the support and resistance levels right on the chart and gives signals the moment the price breaks through them. But the system doesn’t stop there: it uses calculations to confirm the breakouts, lowering the chances of false signals.
What also sets it apart are the additional features:
- Five TakeProfit levels: each signal comes with 5 Fibonacci-based profit targets.
- Automatic StopLoss levels: the indicator calculates the stop loss dynamically, so you don’t have to worry about manual adjustments.
- Success Rate Dashboard: a handy feature that shows the reliability of signals for each trading symbol.
Easy Breakout Indicator Installation
1. Unzip the file you’ve downloaded.
2. Find the file that is called “Easy Breakout Indicator.ex4″ and copy it.
3. Open your MT4.
4. Go to “File – Open Data Folder – MQL4”.
5. Paste the file into the “Indicators” folder in MQL4.
6. Restart your MT4.
After the installation, your trading chart will look like this:
Basic Trading Signals
Buy Signal: when the price breaks above a blue resistance level, a Buy signal is generated.
Sell Signal: when the price breaks below a red support level, a Sell signal is generated.
Tips for the better results:
- Trade high volatility assets: the indicator works exceptionally well with volatile assets like gold (XAUUSD) on shorter timeframes like M1, M5, or M15.
- Use the Success Rate Dashboard: before entering a trade, check the dashboard to see how reliable the signals are for that particular chart.
My Conclusion on Easy Breakout Indicator
The Easy Breakout Indicator for MT4 is a complete solution for breakout trading. With its real-time signals, Fibonacci based profit targets and dynamic stop loss levels, it takes the guesswork out of trading no matter the user’s experience level. I highly recommend adding this tool to your trading arsenal!
P.S. Have problems with installation? Email me at olivermurphy@altraforex.com or support@altraforex.com
I would love to help!
P.P.S. Check out software by Altra Forex Group here
Awesome I Iove you
Reqest the FOREC BOOSTING INDICATOR MT4
Thank you for the great free women’s day gift. However, do you have this for MT5?
Thank you so much for the free indicator Soon as I make money I will purchase One.