Breakout and Retest Scanner V1.18 Indc

Breakout and Retest Scanner V1.18 Indc M4 – The Ultimate Trading Tool

The Breakout and Retest Scanner V1.18 Indc M4 is a powerful trading tool designed for forex traders who rely on breakout and retest strategies. This indicator helps traders identify potential breakout zones and confirm price retests, improving entry accuracy and minimizing false signals. Whether you are a beginner or an experienced trader, this indicator can enhance your trading efficiency.

What is the Breakout and Retest Strategy?

A breakout and retest strategy is a widely used method in forex trading. It involves identifying key support and resistance levels, waiting for a breakout, and then entering a trade when the price retests the broken level. This strategy is effective because it allows traders to confirm the strength of the breakout before making a move.

Key Benefits of Breakout and Retest Trading:

• Reduces false breakouts: Waiting for a retest ensures that the breakout is genuine.
• Better risk management: Traders can place stop-loss orders at logical levels.
• Increases trade accuracy: Confirming a retest improves entry timing.

Features of Breakout and Retest Scanner V1.18 Indc M4

• The indicator automatically detects breakouts from key support and resistance levels.
• Traders no longer need to manually analyze charts for breakout patterns.
• The indicator waits for a price retest before confirming the trade setup.
• This helps traders avoid fake breakouts and increases success rates.
• Users can scan breakouts and retests across multiple timeframes (M1, M5, M15, H1, H4, and D1).
• This feature helps in finding the best possible trade setups based on the bigger trend.
• Get real-time alerts via pop-up notifications, sound alerts, and mobile push notifications.
• Never miss a high-probability breakout and retest opportunity.
• Simple and intuitive layout for easy navigation.
• No complex settings; works right out of the box with default parameters.
• Optimized for MT4, ensuring that it runs smoothly without slowing down your trading platform.

How to Use the Breakout and Retest Scanner V1.18 Indc M4

1. Download the indicator and add it to the Indicators folder in your MT4 platform.
2. Refresh the Navigator panel and attach the indicator to your preferred chart.

• Set your desired timeframes for scanning breakouts.
• Customize alert preferences (pop-up, sound, email, or push notifications).
• Adjust breakout sensitivity based on your trading style.
• Wait for a breakout signal on a key level.
• Look for the retest confirmation before entering a trade.
• Enter the trade with a proper stop-loss and take-profit strategy.
• Follow risk management principles by setting stop-loss below the retested level for buy trades and above for sell trades.
• Consider trailing stops to lock in profits as the price moves in your favor.

Best Trading Conditions for the Breakout and Retest Scanner V1.18

• Trending Markets: Works best when the market is trending, as breakouts are more likely to continue in the trend’s direction.
• High Volatility Sessions: Trading during the London and New York sessions increases breakout reliability.
• Strong Support & Resistance Zones: Ensure that you identify well-respected support and resistance levels for higher accuracy.

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