The Jebatfx Breakout Trend Line Forex indicator for Metatrader 4 provides smart breakout trend lines for both buy and sell trades.
The indicator works on pure price action and provides the take profit target for both buy and sell trades!
Just load the indicator on the chart and the trend lines will appear instantly together with the suggested profit targets.
- A break of the green colored resistance trend line signals a buy trade opportunity.
- A break of the red colored support trend line signals a sell trade opportunity.
You can combine this indicator with candlestick patterns for better trade entry.
The indicator works on all trading instruments (Forex, CFD stocks, Indices, Cryptocurrencies, Commodities,..).
Free Download
Download the “jebatfx breakout trendline.mq4” indicator for MT4
Indicator Example Chart (EUR/USD M5)
How to trade with it (example) ?
Open a buy trade as soon as price breaks above the green dotted trend line.
Place your take profit target at the green tick line.
Open a sell trade as soon as price breaks below the red dotted trend line.
Place your take profit target at the red tick line.
Feel free to use your own favorite trading method to open and close trades with the Jebatfx Breakout Trend Line Forex indicator.
Indicator Specifications
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Trend line, trend line style, projection lines, alerts, color settings & style
Indicator type: Price action
Repaint? Does not repaint the advanced trend lines.
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Download the “jebatfx breakout trendline.mq4” indicator for Metatrader 4
Usage:
Works for any trade style: scalping, day trading and swing trading.
The Jebatfx Breakout Trend Line indicator for MT4 can be utilized as a standalone signals indicator.
It can be combined with other technical indicators and candlestick price patterns.
Installation:
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the jebatfx breakout trendline.mq4 indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.