TOP Ultimate Breakout Indicator MT4

MT4 Market Levels TradingFree Download

The TOP Ultimate Breakout Indicator MT4 (MetaTrader 4) is a simple yet effective system designed to identify breakout signals for both buy and sell trades in the forex market. It assists traders in determining the best entry and exit points by highlighting breakout levels for trade initiation and profit target attainment. This forex MT4 indicator is available for free download.

TOP Ultimate Breakout Indicator MT4: Introduction

MT4 Indicator Overview

The download link of the TOP Ultimate Breakout MT4 indicator is placed at the bottom of this post – once you’re done, your Metatrader 4 trading chart should look similar to the example below.

TOP Ultimate Breakout Indicator Example Chart 1

The TOP Ultimate Breakout strategy simplifies the process of identifying real-time buy/sell breakout signals in any currency pair directly within your charting window. It provides clear and precise breakout entry and profit target exit levels, eliminating any confusion regarding trade execution.

The system offers trading signals that can be taken as they are, or you can enhance them by incorporating additional chart analysis to further filter the signals, a recommended practice. This system is suitable for forex traders at all levels of experience.

TOP Ultimate Breakout Indicator: Trading Rules

The TOP Ultimate Breakout forex indicator is a comprehensive trading system that includes entry, stop loss, and two take profit targets. This indicator is prominently displayed in the main chart window and comprises a blue stop loss line, a white entry level line, and yellow and purple colored lines indicating the take profit levels.

TOP Ultimate Breakout Indicator Example Chart 2

Buy Signal

Here is a checklist for initiating a buy trade:

Confirm that the price is trading above the blue stop loss line.
Look for the appearance of the white entry line on the chart.

Once these events occur, follow these steps:

Open a buy position on the white entry line after it appears and receives confirmation as a signal.
Set your stop loss just below the nearest swing low or slightly below the blue stop loss line.
Consider setting your take profit at either the nearest resistance zone or the yellow and magenta take profit lines.
To ensure sound risk management, it is advisable to only consider trades with a risk-to-reward ratio of at least 1:2

Sell Signal

Here is a checklist for initiating a sell trade:

Confirm that the price is trading below the blue stop loss line.
Look for the appearance of the white entry line on the chart.

Once these events occur, follow these steps:

Open a sell position on the white entry line after it appears and receives confirmation as a signal.
Set your stop loss just above the nearest swing high or slightly higher then the blue stop loss line.
Consider setting your take profit at either the nearest support zone or the yellow and magenta take profit lines.
To ensure sound risk management, it is advisable to only consider trades with a risk-to-reward ratio of at least 1:2

MT4 Indicators: Download and Installation Instructions

Download the TOP Ultimate Breakout Indicator MT4.rar archive at the bottom of this post, unpack it, then copy and paste the top-ultimate-breakout.ex4 or top-ultimate-breakout.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.

You can gain access to this folder by clicking the top menu options, which goes as follows:

File > Open Data Folder > MQL4 > Indicators (paste here).

Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.

Indicator Summary

The MT4 TOP Ultimate Breakout indicator for MetaTrader is a trend-based indicator that utilizes support and resistance breakout trading principles. It presents a trading strategy that is simple and accessible, even for novice traders. This forex strategy involves patiently waiting for patterns to develop before entering the markets based on the received signals. It is essential to confirm these signals by analyzing price action and considering other forex indicators or strategies before proceeding with trades. The forex indicator is available for free download and can be effortlessly installed.