3 Tier London Breakout V3.3b Indicator MT4 – Mastering London Session Breakouts



When the London session kicks off, volatility spikes and major currency pairs often make sharp, decisive moves. For many traders, catching those breakouts can mean the difference between modest gains and explosive profits. Enter the 3 Tier London Breakout V3.3b Indicator MT4—your dynamic tool engineered to pinpoint high-probability entry and exit signals during the London session. In this guide, we’ll dive into what makes this indicator special, how it works, best practices for use, and setup instructions so you can start trading London breakouts with confidence.


What Is the 3 Tier London Breakout Indicator?


The 3 Tier London Breakout V3.3b Indicator is a MetaTrader 4 add-on designed to identify three distinct levels of breakout activity:



  1. Tier 1 – Early Range Breakouts

  2. Tier 2 – Mid-Session Impulses

  3. Tier 3 – Late London Momentum


By layering these tiers, the indicator filters out noise, allowing traders to focus on moves that have both momentum and follow-through. Instead of guessing where price might sprint, you’ll receive clear visual alerts and customizable arrows marking potential breakout entries.



Key Benefits



  • Precision Entries & Exits



  1. Clear breakout arrows for all three tiers

  2. Customizable alert settings (email, pop-up, mobile)



  • Multi-Timeframe Compatibility



  1. Optimized for H1 and H4 charts, but adjustable to M30 or D1



  • Flexible Pair Selection



  1. Works on any Forex pair; best results on GBP/USD, EUR/USD, USD/JPY



  • No Minimum Deposit Required



  1. Just ensure adequate capital for proper risk management



  • Noise Reduction Filters



  1. Optional filter to avoid breakouts during major news releases


How It Works



  1. Defining London Session Bounds
    The indicator automatically detects London open (typically 08:00 GMT) and plots the opening range.

  2. Tier Classification



  • Tier 1 triggers when price breaches the opening range by X pips (configurable).

  • Tier 2 fires if the move sustains beyond a larger breakout threshold.

  • Tier 3 captures extended momentum moves later in the session.


    3. Visual & Alert Signals
     When price crosses a tier boundary, arrows appear on the chart. You’ll also get customizable alerts—ideal for multi-chart monitoring.


    4. Filtering Signals
      To reduce false breakouts, enable session-overlap filters or set a minimum volume threshold (if your broker provides tick volume).


Currency Pairs & Timeframes


While you can slap this indicator on any MT4 chart, it shines brightest on:



  • GBP/USD – high liquidity during London hours

  • EUR/USD – steady volatility and clear breakouts

  • USD/JPY – frequent, sharp London moves


Timeframes:



  • H1 (recommended) – balances signal frequency and reliability

  • H4 – filters out noise for swing traders

  • M30/M15 – for scalpers who want quicker entries (use with tighter stop-losses)



Installation & Setup



  1. Download & Copy



  • Grab the 3_Tier_London_Breakout_V3.3b.ex4 file and place it in your MT4’s Indicators folder (MQL4\Indicators).


     2. Restart MT4



  • Close and reopen MetaTrader 4 to load the new indicator.


    3. Attach to Chart



  • Right-click on the chart → Indicators List → Custom → select 3 Tier London Breakout V3.3b.


   4. Configure Inputs



  • LondonOpenTime: Set your broker’s session start (default 08:00 GMT).

  • BreakoutPips_Tier1/2/3: Define pip levels for each tier (e.g., 20/40/60).

  • AlertOptions: Enable pop-ups, email, or mobile push.

  • FilterNews: Toggle off during high-impact news (optional).


   5. Save Template



  • After fine-tuning, save as a template (.tpl) to apply quickly across charts.


Trading Strategies & Tips



  • Tier-1 Scalping
    Trade the initial 10–20 pips breakouts with small lot sizes; aim for quick 1:1 or 1:2 RR.

  • Tier-2 Trend Follows
    Once price confirms a mid-session move, switch to swing-style trades with wider stops and targets.

  • Tier-3 Momentum Runs
    Catch extended moves by adding to your position as each tier triggers—trail stops below previous tier boundaries.

  • Risk Management
    Always use stop-loss orders below tier lines. Risk no more than 1–2% per trade.

  • Avoid News Noise
    Deactivate the indicator around scheduled European Central Bank or UK economic releases.


Conclusion


The 3 Tier London Breakout V3.3b Indicator MT4 equips traders with a structured, multi-layered approach to navigating London session breakouts. By distinguishing early range shifts, mid-session surges, and late momentum plays, you can hone in on high-probability setups and manage risk effectively. Whether you’re a scalper seeking quick Tier 1 profits or a swing trader eyeing extended Tier 3 trends, this indicator delivers clear signals and customizable filters to suit your style.


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