Quantum Breakout Indicator PRO V1.1 MT4

Description

Quantum Breakout Indicator PRO V1.1 MT4

The Quantum Breakout Indicator PRO is a powerful trading tool designed for the Meta Trader 4 (MT4) platform. It assists traders in identifying high-probability breakout zones across various timeframes. Here’s what you need to know:

Overview

• Indicator Purpose: The Quantum Breakout Indicator PRO scans price charts to detect potential breakout zones where the price may break out of a range or consolidation.
• Algorithmic Accuracy: It uses an advanced algorithm to filter out false breakouts and highlight only high-probability breakout zones with strong momentum.

Key Features

1. Breakout Zones Identification:
   • The indicator identifies breakout zones on any timeframe and currency pair.
   • It analyzes price action and volatility to detect genuine breakouts.
   • The breakout zones represent areas where the price is likely to break out of a range or consolidation.
2. Profit Targets and Stop Loss:
   • Up to 5 potential profit targets are plotted above or below the breakout box.
   • A suggested stop loss level is also provided.
   • Traders can aim for partial profits by targeting different levels within the breakout zone.
3. Customizable Parameters:
   • Breakout Box Time Range: Traders can set the optimal time range for plotting breakout boxes using the “Box Time Start” and “Box Time End” parameters. The default settings are optimized for each timeframe.
   • Risk Management: The indicator allows customization of risk management parameters.

Strategy Example

1. Identify Breakout Zone:
   • The Quantum Breakout Indicator PRO scans the charts and identifies a potential breakout zone based on price action and volatility.
   • Let’s say it detects a breakout zone on the GBPJPY currency pair at the M15 timeframe.
2. Plot Breakout Box:
   • The indicator plots a breakout box around the identified range.
   • This box represents the potential breakout area.
3. Profit Targets and Stop Loss:
   • Within the breakout box, up to 5 profit targets are displayed.
   • Traders can choose their profit-taking levels based on their risk tolerance.
   • The suggested stop loss level provides downside protection.
4. Trade Execution:
   • When the price breaks out of the box (either upward or downward), traders can enter a trade.
   • They can aim for the specified profit targets or exit early if their profit goals are met.
   • If the price moves against the trade, the stop loss acts as a safety net.

Additional Information

• Download Link: You can download the Quantum Breakout Indicator PRO from our website : https://yoforex.org/
• Join our Telegram channel for updates and discussions: YoForexRobot Telegram.

 

Remember that successful trading involves risk management, and it’s essential to combine technical indicators with sound money management practices.

 

🚀📈Happy Trading 🚀📈