Break and Retest Indicator MT4 V5.0 (working Build 1420)

What is Break and Retest Indicator?

The Break and Retest Indicator is a sophisticated tool designed for forex trading, which assists traders by signaling potential entry points based on the strategy of price breaking through and retesting support or resistance levels. Aimed at both beginners and seasoned traders, it simplifies the complex market signals and highlights optimal trading moments. It’s especially beneficial for beginners who often struggle with timing their trades and understanding market dynamics.

• Vender: https://www.mql5.com/en/market/product/115398

Key Takeaways:

• Visual Backtesting: Users can visually backtest the indicator to observe past performance and understand its operation in different market conditions.
• Clear Trade Signals: It only signals trades when market conditions are favorable, which aids in avoiding premature or risky entries.
• User-Friendly: Designed to be intuitive, even for traders with minimal experience, easing the learning curve associated with forex trading strategies.

Key Features:

• Visual Support and Resistance: Automatically displays current support and resistance levels to identify key zones.
• Real-Time Alerts: Provides professional alerts and push notifications for timely trade execution.
• Multi-Asset Compatibility: Works across Forex, Metals, Indices, and Cryptocurrencies, offering flexibility in trading choices.
• Adaptability to All Timeframes: Effective on any timeframe, enhancing its utility for different trading strategies.
• Non-Repainting Signals: Ensures that once a signal appears, it does not disappear or repaint, instilling trust in the provided information.

Break and Retest Indicator Settings & Recommendations:

• Platform: MetaTrader 4
• Currency Pairs: All pairs
• TimeFrame: M1, M15, H1, H4 recommended; adaptable to all
• Minimum Account Balance: No specific requirement, but a sufficient balance to maintain margin is advisable.

Break and Retest Indicator Review:

Break and Retest Indicator MT4 Download:

• Link download: Break and Retest Indicator MT4 .ex4

Download link, Installation guide (if any) will be sent immediately via email after your purchase, or you can directly download it from the website, under the section: My account -> Download.

Payment:

• Payment Options: PayPal, credit card, USDT TRC20, Binance Pay

Risk Warning:

• Forex trading is highly risky and can lead to the total loss of your investment; use Forex EAs cautiously and they cannot replace your trading decisions.
• Past performance is not a guarantee of future profits.
• Always test EAs on a demo account before applying them to a live account.