Description
The Easy Breakout Indicator v1.0 for MT4 is a highly effective price action trading tool designed around one of the most reliable and time-tested strategies—the Breakout strategy! This indicator identifies crucial support and resistance levels and provides clear Buy and Sell signals when a breakout happens. What sets it apart from regular breakout indicators is its advanced algorithm, which ensures accuracy by validating breakouts with precision.
Review and Backtest
Easy Breakout is a powerful MT4 indicator based on the well-known and reliable breakout strategy. It detects crucial support and resistance levels and provides clear Buy and Sell signals when the price breaks out from these zones. What sets Easy Breakout apart from other breakout indicators is its use of advanced calculations to confirm breakouts, reducing false signals and enhancing the accuracy of trade entries.
Key BenefitsÂ
✅ Real-Time Accuracy: Signals are generated instantly with no lag or repainting, ensuring precise trade execution!
✅ Universal Breakout Detection: Works on any symbol and timeframe, providing flexibility for various trading strategies!
✅ Fibonacci-Based Profit Targets: Each signal includes five take profit levels, helping maximize potential gains!
✅ Smart Stop Loss System: Stop losses are automatically adjusted based on market conditions for effective risk management!
✅ Performance Tracking: The built-in dashboard displays success rates for each asset, offering valuable insights into past performance!
✅ Modern & Intuitive Interface: A sleek, user-friendly dashboard enhances your trading experience with effortless navigation!
✅ Instant Alerts: Get notified of entry points, take profit, and stop loss levels in real-time via your terminal, phone, or email!
Settings and RecommendationsÂ
Easy Breakout is compatible with all symbols and timeframes, making it a versatile tool for any trading style. Our top recommendation is to use it with XAUUSD (gold) on M1, M5, and M15 for optimal results!
Take your trading to the next level—get Easy Breakout today and trade with accuracy and confidence!
How to Use the Easy Breakout Indicator?
- LookBack Bars (0=Disabled) = 5000
Controls how many past signals are shown. Higher values display more signals.
- Max Breakout Length (Bars) = 200
Maximum number of bars to search for breakouts. - Support and Resistance Width (%) = 3%
Defines the width of support and resistance zones. - Min. Number of Tests before Breakout: 2
Minimum attempts for the price to break through the level.
- Arrow Settings
Arrow Size: 3 – Adjusts arrow size for signals.
Up Arrow: DeepSkyBlue – Color for buy signals.
Down Arrow: Tomato – Color for sell signals.
- Zone Settings
Up Zone: DeepSkyBlue – Color for support zone.
Down Zone: Tomato – Color for resistance zone.
Fill Background: True – Fills background with zone colors.
- Take Profit Settings
Show Fibonacci Take Profit Levels: True – Displays 5 Fibonacci TP levels.
Extra Pips Added to SL: 700 – Adds extra pips to the stop loss.
TP Color: Khaki – Color of take profit levels.
SL Color: Magenta – Color of stop loss level.
- Alert Settings
Enable Pop-up Alerts: True – Receive alerts on MT4.
Enable Alerts via Email: True – Receive alerts via email.
Enable Notifications Mobile: True – Get alerts on your phone. - Panel Settings
Show Panel: True – Displays the statistics dashboard.
Panel Size: 250 – Adjusts dashboard size.
X and Y Shift – Move the panel on your chart.
Gap in Pixels – Sets spacing between text in the dashboard.
Font Name: Arial Black – Font used in the dashboard.
Font Size: 10 – Adjusts font size.
Font Color 1: Yellow – Color for statistics text.
Font Color 2: White – Color for results text.
Enable Win-Rate: True – Show success rate in the dashboard.
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