The MT4 Breakout Box Forex Indicator makes it easy for you to trade breakouts without the hassle of understanding where the support and resistance levels are. Of course, it helps if you know but it’s not entirely necessary since this neat indicator has done most of the work. The indicators draw the levels directly on the price chart with different color coding. Below is the step process to take when using this MT4 Indicator. Step 1:  Determine the trend so that you trade with the trend all the time. Step 2: Identify the Entry level. If it's downtrend, then look at the bottom of the box as your entry price. That's the Sell Stop level in this case. Step 3: Determine the Stop Loss Level. Once you decided on the SL level, apply the same reward margin so that you achieve a 1:1 risk-reward ratio each and every trade.

Let’s take a look at a short trade example below...

The same applies for long trades. Example below...

MT4 Breakout Box Forex Indicator Settings

Click Here for Your Free Download of MT4 Breakout Box Forex Indicator.ex4

Recommended Time Frames

Technically speaking, you can use this MT4 indicator for all time frames. However, the shorter the time frame, you will see more fluctuation and possibly more whipsaw which may cause small losses that can eat up your portfolio quickly. We recommend that you use higher time frames like the H4 for better consistency.

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FREE Download

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Leave us a comment below to let us know your thoughts on this indicator. If you like this indicator, you might like to see other indicators that we have carefully selected that will help you in your trading journey.

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