Breakout and Retest Scanner V1.18 Indicator

Breakout and Retest Scanner V1.18 Indicator MT4 – A Game Changer for Traders

Breakout trading is a widely used strategy among forex traders, as it allows them to capitalize on price movements when the market breaks through key levels. However, identifying these breakout points manually can be time-consuming and error-prone. That’s where the Breakout and Retest Scanner V1.18 Indicator for MT4 comes in handy. This powerful tool simplifies the process by automatically detecting breakout levels and potential retests, giving traders an edge in the market.

What is the Breakout and Retest Scanner V1.18 Indicator?

The Breakout and Retest Scanner V1.18 Indicator is an advanced trading tool designed for MetaTrader 4 (MT4). It helps traders identify breakout opportunities in real-time and provides alerts when a price retest occurs. This indicator is particularly useful for traders who rely on breakout and retest strategies, as it minimizes the need for manual chart analysis.

The scanner works by analyzing price action, support and resistance levels, and key market structures to detect breakout points. Once a breakout occurs, it monitors price movements for possible retests, helping traders confirm trade entries with higher accuracy.

Key Features of Breakout and Retest Scanner V1.18

1. Automatic Breakout Detection – The indicator identifies breakouts from key levels such as support, resistance, trendlines, and supply-demand zones.
2. Retest Confirmation – Once a breakout is detected, the indicator monitors price action for a retest before signaling a potential trade entry.
3. Multi-Timeframe Support – Traders can analyze breakout and retest setups across different timeframes, from M1 to D1, for better market insights.
4. Customizable Alerts – Get notifications via email, push notifications, or sound alerts whenever a breakout or retest occurs.
5. User-Friendly Interface – Simple and intuitive design, making it easy for both beginners and experienced traders to use.
6. Non-Repainting Signals – The indicator ensures reliable signals without repainting past signals to maintain trading accuracy.
7. Supports Multiple Currency Pairs – Works efficiently across major forex pairs, indices, and commodities, making it a versatile tool for different trading instruments.

How Does the Breakout and Retest Scanner V1.18 Work?

1. Breakout Identification – The scanner continuously analyzes price action and marks breakout zones when the price moves beyond a predefined level (e.g., resistance, support, or trendline breakout).
2. Retest Monitoring – After a breakout, the scanner waits for a price retest to the breakout level. If the retest is successful, the indicator alerts traders to take action.

Benefits of Using Breakout and Retest Scanner V1.18

Manually identifying breakouts and retests requires constant monitoring. This indicator automates the process, freeing up time for traders to focus on strategy execution.

By waiting for retests after breakouts, traders can filter out false breakouts and enter high-probability trades.

Whether you trade price action, breakout trading, support and resistance, or trend trading, this indicator fits seamlessly into different strategies.

Since the scanner provides objective signals, traders can avoid emotional decision-making and stick to a disciplined trading approach.

Both beginners and experienced traders can benefit from this tool due to its ease of use and efficiency.

How to Use the Breakout and Retest Scanner V1.18 on MT4

• Download the Breakout and Retest Scanner V1.18 Indicator and install it in your MT4 ‘Indicators’ folder.
• Restart MetaTrader 4 and navigate to the Navigator Panel to find the indicator.
• Open a new chart and attach the indicator by dragging it onto the chart.
• Customize the settings based on your trading preferences.
• Set the timeframe to your preferred trading style (scalping, day trading, or swing trading).
• Adjust alert preferences (email, push notifications, sound alerts).
• Enable/disable multi-currency pair scanning based on your trading scope.
• When a breakout alert appears, wait for a retest confirmation.
• If the price retests and holds the breakout level, enter a trade accordingly.
• Use appropriate risk management techniques, such as setting stop-loss and take-profit levels.

Recommended Settings

• Scalpers: Use M1-M15 timeframes and trade during high volatility sessions.
• Day Traders: Focus on M30-H1 timeframes and monitor key breakout zones.
• Swing Traders: Use H4-D1 charts for long-term breakouts and retests.

Final Thoughts

The Breakout and Retest Scanner V1.18 Indicator MT4 is an essential tool for traders looking to capitalize on breakout opportunities with greater accuracy. By automating breakout detection and retest confirmations, this indicator enhances decision-making, reduces manual chart analysis, and helps traders avoid false breakouts.

If you are serious about improving your trading performance, integrating this indicator into your trading strategy can be a game-changer. Download and try it today to experience a more efficient and profitable way of trading breakouts and retests!