Breakout and Retest Scanner MT4 v2.28 (Platform build 1441+)

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.

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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 (SL) levels, and Take-profit (TP) targets, providing traders with a clear framework for decision-making.

Breakout and Retest Scanner MT4 Review

Breakout and Retest Scanner MT4 Reviews

Breakout and Retest Scanner MT4 Trading Results

User Reviews and Feedback

Breakout and Retest Scanner MT4 demonstrates remarkable potential in delivering stable and reliable profits, making it a reliable tool in the forex market. Breakout and Retest Scanner is highly regarded by the MQL5 community in many aspects and has gained the trust of its users.

🔹Squidme (2025.04.11): “This indicator is really good and author is really helpful who shares signals also in mql group.”
🔹Xaxotf (2025.03.23): “This indicator is a MASTERPIECE!!! Nice and profitable!”
🔹Ali Mohamad Almohamad (2025.03.08): “I have just bought the indicator, I will tell you the results after the experiment with all honesty and transparency.”

Trading Specifications

Recommended settings and parameters to pay attention to from developers and experts:

Product Download Package?

The download package of the product suite includes:

✅ Breakout and Retest Scanner MT4 v1.18.ex4
✅ Breakout and Retest Scanner MT4 v2.28_fix.ex4

Conclusion

In short, The Breakout and Retest Scanner MT4 is a highly effective and user-friendly trading indicator that empowers traders to automatically detect breakout and retest patterns across multiple timeframes and currency pairs. Built for MetaTrader 4, this tool focuses on one of the most proven strategies in technical analysis—support and resistance breakouts followed by retests—making it a powerful addition to any trader’s toolbox.

Developed by Elif Kaya, a reputable MQL5 developer, the Breakout and Retest Scanner excels in automated pattern recognition, real-time alert notifications, and precise trade signal generation, helping both beginners and experienced traders improve their entry timing, trend confirmation, and risk management. With features like Fibonacci-enhanced calculations, customizable settings, and a simple user interface, it enables traders to take advantage of high-probability setups without the need for constant chart monitoring.

>> Reviewed by David Easton <<