Description

Breakcross and Retest Scanner Indicator V1.18 MT4: A Comprehensive Guide

The Breakcross and Retest Scanner Indicator V1.18 MT4 is a cutting-edge tool designed for traders who want to capitalize on breakout and retest strategies in the forex market. This powerful indicator simplifies the identification of key market movements, helping traders make more informed decisions. Whether you’re a beginner or an experienced trader, this indicator can significantly enhance your trading strategy.

What is the Breakcross and Retest Scanner Indicator V1.18 MT4?

• The Breakcross and Retest Scanner Indicator V1.18 MT4 is a MetaTrader 4-based tool that scans the market for specific price action patterns — namely breakouts and retests. It analyzes the price movement and automatically alerts traders when a breakout occurs, followed by a retest of the broken level. The indicator identifies these critical points and helps traders enter the market at the right moment, improving the chances of a successful trade.
• This indicator is ideal for trend-following strategies, as breakouts often signal the beginning of a strong trend. By waiting for the price to retest the broken level, traders can ensure that the trend has solidified before entering the market.

Key Features of the Breakcross and Retest Scanner Indicator V1.18 MT4

• Automatic Market Scanning: The indicator continuously scans multiple currency pairs and timeframes for breakouts and retests. It eliminates the need for manual analysis, saving time and effort.
• Real-Time Alerts: Once a breakout and retest pattern is detected, the indicator sends real-time alerts via email, push notifications, or pop-ups. This allows traders to stay updated even when they are not actively monitoring the charts.
• Customizable Settings: Traders can adjust the sensitivity and parameters of the indicator according to their preferences. This includes choosing the type of breakout, timeframe, and alert frequency, ensuring the tool aligns with individual trading strategies.

• Multiple Currency Pair Support: The Breakcross and Retest Scanner Indicator V1.18 MT4 works across various currency pairs, making it versatile and useful for traders focusing on multiple markets.
• Trend Confirmation: The indicator doesn’t just identify breakouts; it also confirms that the trend is likely to continue by ensuring the retest holds. This adds an extra layer of confidence before entering trades.
• User-Friendly Interface: The Breakcross and Retest Scanner Indicator is designed to be intuitive and easy to use. Even novice traders can quickly learn how to set it up and integrate it into their trading strategies.

How to Use the Breakcross and Retest Scanner Indicator V1.18 MT4

• Install the Indicator: Download the indicator file and place it in the ‘Indicators’ folder within your MetaTrader 4 platform directory.
• Add the Indicator to the Chart: Open your MT4 platform and select the chart you want to analyze. Then, apply the Breakcross and Retest Scanner Indicator to the chart.
• Set Custom Parameters: Adjust the indicator’s settings based on your trading style and preferences. Choose the currency pairs, timeframes, and breakout conditions you want to monitor.
• Monitor Alerts: The indicator will start scanning for breakouts and retests. When a valid pattern is detected, you’ll receive an alert. Analyze the situation and decide whether to enter the trade based on your strategy.

Why Choose the Breakcross and Retest Scanner Indicator V1.18 MT4?

• Accuracy: By combining breakout detection with retest confirmation, this indicator improves the accuracy of trade entries.
• Time-Saving: It automates market scanning, so you don’t have to monitor charts constantly.
• Flexibility: With customizable settings, it caters to a wide range of trading styles and strategies.
• Increased Profit Potential: By entering trades at the right time, traders can maximize their profit potential and minimize losses.

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• https://www.mql5.software/product/breakcross-and-retest-scanner-indicator-v1-18/

 

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