The SDX Zone Breakout Forex indicator for mt4 provides interesting zones on the chart that can be used to trade price level breakouts.
The indicator consists of several buy/sell breakout lines but the most important ones are the upper and lower yellow lines.
Buy & sell trade idea:
- Open a buy trade when price closes above the upper yellow breakout level line.
- Open a sell trade when price closes below the lower yellow breakout level line.
The indicator works for any Metatrader 4 instrument.
Free Download:
Download the “SDX-ZoneBreakout.mq4” indicator for MT4
Indicator Example Chart (EUR/USD H1)
The picture below shows the SDX Zone Breakout mt4 indicator in action on the trading chart.
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit strategy when trading with the SDX Zone Breakout Forex indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Breakout
Does the indicator repaint? No.
Download Now:
Download the “SDX-ZoneBreakout.mq4” indicator for Metatrader 4
How to install this indicator on Metatrader 4?
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 SDX-ZoneBreakout.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.