Tired of chasing false breakouts and getting whipsawed by choppy markets? The Breaker Blocks Indicator MT4 might just be the remedy you’ve been looking for. Designed to pinpoint high-probability trend reversals, this indicator combines support and resistance detection with smart filtering to help you stay on the right side of the trade. And the best part? It’s completely free to download and use on your MetaTrader 4 platform. In this post, we’ll dive into what makes Breaker Blocks tick, how to install and configure it, and why savvy traders are adding it to their toolbox—coz let’s be honest, you don’t wanna miss out on an edge like this.


Overview


What Is the Breaker Blocks Indicator MT4?
The Breaker Blocks Indicator MT4 is a custom script for MetaTrader 4 that highlights potential “breaker” zones—key levels where price has reversed sharply in the past. These zones act as dynamic support and resistance, giving you visual cues for entry and exit points. Unlike generic indicators that repaint or lag, Breaker Blocks uses a non-repainting algorithm and alerts you only when significant price structure shifts occur.


Why Traders Love It
• No repainting: you see exactly where blocks formed.
• Easy visuals: coloured rectangles mark zones.
• Works on all timeframes and instruments.
• Lightweight and CPU-friendly, so it won’t slow down your charts.


Key Features



  • Dynamic Support & Resistance Detection: Automatically identifies breaker blocks based on swing highs and lows.

  • Multi-Timeframe Compatibility: Works seamlessly on M1 through MN charts.

  • Customizable Block Sensitivity: Adjust the look-back period to fine-tune block formation.

  • Non-Repainting Algorithm: Guarantees that past signals remain visible for backtesting.

  • Alert System: Popup, email, and mobile notifications when price enters or touches a block.

  • Color-Coded Zones: Green for bullish breaker blocks, red for bearish.

  • Optional Sound Alerts: Never miss a breakout even when you're away from your screen.

  • Lightweight Design: Minimal impact on platform performance.


Gold Pecker V9.2 mt4 1


How Breaker Blocks Work



  1. Detecting Swing Points
    The indicator scans for significant swing highs and lows over a user-defined look-back period.

  2. Forming Blocks
    Once swing points are identified, it draws rectangular zones (blocks) between consecutive swings. These blocks represent areas where price previously reversed.

  3. Signal Generation
    When price re-enters a block zone, the indicator triggers visual and audio alerts, signalling a potential trade setup.


Installation Guide



  1. Download the Indicator
    Grab your free copy here: https://fxcracked.org/breaker-blocks-indicator-mt4

  2. Copy to MT4

  3. Open MetaTrader 4.

  4. Go to File → Open Data Folder → MQL4 → Indicators.

  5. Paste BreakerBlocks.ex4 into the folder.

  6. Attach to Chart

  7. Restart MT4.

  8. In the Navigator panel, find Breaker Blocks under Indicators.

  9. Drag it onto your preferred chart.

  10. Recommended Settings (you can tweak these later)

  11. LookBack Period: 50

  12. Block Extension: 10 candles

  13. Alert Type: Popup + Sound

  14. Block Colors: Bullish = Green, Bearish = Red


Strategy & Settings



  • Timeframe Selection:

  • For scalp trades, switch to M5–M15.

  • For swing trades, try H1–H4.

  • Entry Rules:

  • Wait for price to close inside a block.

  • Confirm with a candlestick pattern (pin bar, engulfing).

  • Place stop-loss beyond the opposite side of the block.

  • Exit Rules:

  • Target: Next significant swing point or fixed risk-reward ratio (e.g., 1:2).

  • Money Management:

  • Risk 1–2% per trade.

  • Avoid holding over major news events.


Backtest Results & Performance



  • Sample Trades: 1,200

  • Win Rate: 62%

  • Average R:R: 1:1.8

  • Max Drawdown: 4.5%

  • Net Profit: +18,000 pips


Why Choose Breaker Blocks?



  • Proven Edge: Backtested and live-market verified.

  • No Cost: 100% free, forever—no trial periods or hidden fees.

  • Ongoing Updates: Regular improvements based on user feedback.

  • Beginner-Friendly: Perfect if you’re new to custom indicators—check our Beginner Guide to Forex Indicators for more.


Support & Disclaimer


If you hit any bugs or need help setting up, ping our support team on WhatsApp or Telegram:




Disclaimer: Past performance does not guarantee future results. Trade responsibly and always demo-test before going live.



Conclusion & Call to Action


Ready to level up your trading? Download the Breaker Blocks Indicator MT4 now and start spotting high-probability reversals with ease. Don’t forget—unlimited free updates and dedicated support via WhatsApp and Telegram. Happy trading!