Breakout and Retest Scanner MT4 v1.18 (Platform 1431+)
Original price was: $99.00.$25.00Current price is: $25.00.
Breakout and Retest Scanner MT4 is a powerful indicator that identifies breakout and retest opportunities. It targets key support and resistance levels, helping traders profit from price breakouts followed by retests.
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What is Breakout and Retest Scanner MT4?
The Breakout and Retest Scanner is an MT4 indicator designed to help traders identify and capitalize on breakout and retest trading opportunities. This strategy focuses on trading support and resistance levels, specifically looking for instances where price breaks through a previous level and then retests it.
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About the author
This product is compiled by Elif Kaya. This author has more than +1 years of experience working on MQL5 with many famous products such as Breakout and Retest Scanner MT4, Bitcoin Expert and other products. Among them, Breakout and Retest Scanner MT4 is his best performing product.
How does the Breakout and Retest Scanner Strategy work?
- Identifying and capitalizing on breakouts: The core of the strategy revolves around accurately identifying instances where prices suddenly break established support or resistance levels.
- Filtering out false breakouts: By incorporating a retest mechanism, the strategy minimizes the risk of trading on false breakouts. It ensures that the initial price move is validated by a subsequent retracement that tests the newly broken level.
- Trend Reversal Confirmation: Successful breakouts and retests provide strong evidence of an emerging new trend. This allows traders to confidently align their trades with the direction of the market.
- Improved Entry Timing: The retest phase provides traders with more favorable entry points, potentially at more attractive prices than if they entered immediately after the initial breakout.
Key Features of Breakout and Retest Scanner
- Automatic Pattern Recognition: The scanner efficiently scans multiple charts and timeframes at once, automatically identifying potential breakout and retest patterns. This eliminates manual analysis and reduces the risk of human error in calculations.
- Improved Trading Efficiency: By automating the pattern recognition process, the scanner significantly improves trading efficiency, allowing traders to quickly identify and capitalize on trading opportunities.
- Automatic Alert System: The scanner provides real-time alerts and push notifications, notifying traders of potential trading signals as they occur. This ensures timely entry into trades and reduces the risk of missing out on profitable opportunities.
- Easy to Use Interface: The scanner has a user-friendly interface, making it easy to deploy and use. Traders can easily add the indicator to their charts and start receiving trading signals with clear entry, stop loss and take profit levels.
Breakout and Retest Scanner MT4 Review
The Breakout and Retest Scanner automates the process of identifying potential trading setups. Instead of manually scanning numerous charts and timeframes, the indicator performs the following tasks:
- Automated Scanning: It scans all selected symbols and timeframes simultaneously to detect potential breakout and retest patterns.
- Fibonacci Calculations: The indicator may incorporate Fibonacci calculations to enhance pattern recognition and identify optimal entry, stop-loss, and take-profit levels.
- Pattern Recognition: The scanner analyzes price action to recognize specific breakout and retest patterns, such as bullish/bearish breakouts and retests.
- Signal Generation: Upon identifying a potential setup, the scanner generates a signal, often accompanied by an alert and push notification to your mobile device.
- Trade Entry Guidance: The generated signals typically include recommended entry points, stop-loss levels, and take-profit targets, providing traders with a clear framework for decision-making.
Breakout and Retest Scanner MT4 Review
Breakout and Retest Scanner MT4 Reviews
Trading Specifications
Recommended settings and parameters to pay attention to from developers and experts:
| Features | Type |
|---|---|
| Trading platform | MetaTrader 4 (MT4) |
| Time frames | Any times |
| Currency pairs | Any pairs |
| Product type | NoDLL / Fix |
| Additional services | Unlock and Decompile |
| Recommended brokers | Exness Broker, HTFX Broker |
| Recommended VPS | MyfxVPS.com ( Blue VPS, Golden VPS). Lowest Latency, 2 week Free Trial, 100% Free for 12-18 Months. |
>>> Reviewed by David Easton
Breakout and Retest Scanner MT4 download
The download package of the product suite includes:
- Indicators: Breakout and Retest Scanner MT4 v1.18.ex4
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User Reviews
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FAQs
1. What is the Breakout and Retest Scanner MT4?
It is a trading indicator for MetaTrader 4 (MT4) that helps traders identify breakout and retest patterns in the market, making it easier to spot trading opportunities based on support and resistance levels.
2. How does the scanner work?
The scanner automatically analyzes multiple charts and timeframes to detect breakout and retest patterns. It provides alerts and trading signals with suggested entry, stop-loss, and take-profit levels.
3. Which trading platforms support the Breakout and Retest Scanner?
The scanner is designed exclusively for the MetaTrader 4 (MT4) platform.
4. Can it be used with any currency pairs and timeframes?
Yes, the scanner works with all currency pairs and timeframes, giving traders flexibility in their strategies.
5. Does the scanner help filter out false breakouts?
Yes, it incorporates a retest mechanism that helps confirm the validity of a breakout, reducing the risk of false signals.
6. Does the scanner provide real-time alerts?
Yes, the scanner has an automatic alert system that sends real-time notifications, including push alerts to your mobile device, ensuring you never miss a trading opportunity.
7. Is it suitable for beginner traders?
Absolutely. The scanner features a user-friendly interface and clear signals, making it easy for traders of all experience levels to use.
8. What additional tools or services are recommended for using this scanner?
The developers suggest using reliable brokers like Exness or HTFX and VPS services such as MyfxVPS for optimal performance and low latency.
9. What is included in the product package?
The download package includes the Breakout and Retest Scanner MT4 indicator file (v1.18.ex4) and documentation to guide users.
Original price was: $99.00.$25.00Current price is: $25.00.
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