Order Block Breaker Indicator
0,00 €
The Order Block Breaker Indicator for MT4 is a powerful tool that generates highly accurate BUY and SELL signals by identifying price exhaustion points. Designed for forex traders, this indicator helps pinpoint key market turning points, allowing traders to capitalize on order block breakouts for precise trade entries and exits.
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The MT4 "Order Block Breaker" indicator provides market structure analysis, pinpointing trend changes and instances of momentum waning. Forex traders can utilize it to locate bullish and bearish reversal areas, which in turn trigger BUY and SELL indications.
An order block signifies a particular market formation: the final bearish candlestick before a bullish price increase, or conversely, the last bullish candlestick preceding a bearish movement. Such formations often serve as either support or resistance levels.
While most ideally utilized by seasoned traders, beginners can also learn from and apply this indicator with practice. Its applicability spans all time frames, from intraday to the longer ones, providing instant alerts signaling possible trade entries.
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Key Features:
- Profitability up to 500% per year
- Minimum deposit to start: $100 or more
- Timeframe for trading: M15
- Trading time: 24 hours a day
- Assets for trading: Any
The provided M30 chart of EUR/USD illustrates the Order Block Breaker Indicator for MT4 in operation. This indicator identifies Bullish order blocks, marked in NAVY BLUE, and Bearish order blocks, distinguished by MAROON. The system also furnishes alerts via text messages, audible signals, and push notifications, all configurable within the indicator's settings.
Trading Strategies with Order Blocks
Bullish Order Block (Buy Scenario)
- Upon price penetration into a Bullish order block, a potential shift in price direction is anticipated.
- Traders should seek BUY signals based on the observed price behavior within the confines of the Bullish order block.
- Stop-loss positioning: Situated below the order block or the preceding swing low.
- Take-profit objectives: Determined by the pre-defined risk-reward ratio or the ensuing resistance level.
Bearish Order Block (Sell Scenario)
- Should the price navigate into a Bearish order block, a SELL trade is projected as the market undertakes a reversal.
- An optimal entry point is confirmed through price action analysis within the Bearish zone.
- Stop-loss placement: Positioned above the order block or the previous swing high.
- Take-profit targets: Determined by a desirable risk-reward ratio.
Key Insights into Order Blocks
Order blocks represent zones, not individual price levels; traders should interpret the price movements appropriately within these areas.
A breach of an order block might signify a reversal in trend.
Notably, order blocks that coincide with the established trend frequently demonstrate greater profitability and present superior risk-reward prospects.
Final Thoughts
The MT4 Order Block Breaker Indicator operates akin to conventional support and resistance areas, although price often demonstrates increased deference to these particular regions, attributable to the inherent price dynamics involved.
As order blocks do not universally trigger price reversals, forex traders would be prudent to integrate this indicator with alternative technical analysis instruments and price action interpretations in order to validate the acquisition of BUY or SELL positions.
The indicator is free to download, easy to install, and a valuable tool for traders looking to refine their entry and exit strategies. 🚀
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