Break and Retest V5.0 Indicator MT4 is a sophisticated tool designed for forex trading, which assists traders by signaling potential entry points based on the strategy of price breaking through and retesting support or resistance levels. Aimed at both beginners and seasoned traders, it simplifies the complex market signals and highlights optimal trading moments. It’s especially beneficial for beginners who often struggle with timing their trades and understanding market dynamics.
What is Break and Retest Indicator?
The Break and Retest Indicator is a sophisticated tool designed for forex trading, which assists traders by signaling potential entry points based on the strategy of price breaking through and retesting support or resistance levels. Aimed at both beginners and seasoned traders, it simplifies the complex market signals and highlights optimal trading moments. It’s especially beneficial for beginners who often struggle with timing their trades and understanding market dynamics.
Key Takeaways:
- Visual Backtesting: Users can visually backtest the indicator to observe past performance and understand its operation in different market conditions.
- Clear Trade Signals: It only signals trades when market conditions are favorable, which aids in avoiding premature or risky entries.
- User-Friendly: Designed to be intuitive, even for traders with minimal experience, easing the learning curve associated with forex trading strategies.
Key Features:
- Visual Support and Resistance: Automatically displays current support and resistance levels to identify key zones.
- Real-Time Alerts: Provides professional alerts and push notifications for timely trade execution.
- Multi-Asset Compatibility: Works across Forex, Metals, Indices, and Cryptocurrencies, offering flexibility in trading choices.
- Adaptability to All Timeframes: Effective on any timeframe, enhancing its utility for different trading strategies.
- Non-Repainting Signals: Ensures that once a signal appears, it does not disappear or repaint, instilling trust in the provided information.
Break and Retest Indicator Settings & Recommendations:
- Platform: MetaTrader 4
- Currency Pairs: All pairs
- TimeFrame: M1, M15, H1, H4 recommended; adaptable to all
- Minimum Account Balance: No specific requirement, but a sufficient balance to maintain margin is advisable.
Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.
What’s in the package?
Indicator:
- Break and Retest V5.0 Indicator MT4.ex4
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Disclaimer:
The EAs sold on our channel are not created by us.
We are only resellers of these EAs and the EA performance cannot be guaranteed or predicted.
Past performance is no guarantee of future results. We seek the EA on an ‘as is’ basis and only the version mentioned is being sold.
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EA updates are thus not automatic and not guaranteed
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