Forex Trend & Breakout MT4 Indicator System Free Download Forex Trend & Breakout MT4 Indicator System Free Download

The Forex Trend and Breakout System analyzes and determines the direction of market trends, identifying possible breakout opportunities as well as entry and exit points.

It consists of three indicators: HBF, HBH and BBands Stop - the trading signals they generate are simple and easy to follow.

The system is suitable for various time frames and currency pairs.

How does it work? How to apply during transaction?

Trading rules description

Buy Entry

Open a long trade when the following conditions are met:

• HBH turns blue – this indicator looks similar to the Heiken Ashicandles
• BBands Stop Loss turns blue and appears below the current price bar
• HBF turns blue and becomes positive – this indicator is located in a separate window below the main chart
• Set your stop loss (SL) a few pips below the last chart swing low.

Sell ​​Entry

Short selling can be opened when the following conditions are met:

• HBH turns red – this indicator looks similar to the Heiken Ashi candle
• BBands Stop Loss turns red and appears above the current price bar
• HBF turns red and becomes negative – this indicator is located in a separate window below the main chart
• Set your stop a few pips above the last swing high.

Exit trade/take profit

Close your open positions when a contrary signal occurs, or use your preferred trade exit method.

As always, to achieve good results, remember proper money management.

How to set up a Forex trend and breakout system in MT4?

Files Included

Indicators:

• HBB.mq4
• HBF.mq4
• HBH.mq4

Templates:

• Forex trend and breakout systems. tpl

Installation Guide

Copy and paste the indicator file into the MQL4 folder of the MetaTrader 4 trading platform.

You can access this folder by clicking on the top menu option as shown below:

File > Open data folder > MQL4 > Indicators (paste here).

Likewise, copy and paste the template files into the Templates folder.

Now, right-click on the chart and hover over Templates . You will be shown a list of available systems; left-click on the name of the template you want to run.

Bottom Line

The Forex Trend and Breakout System is worth adding to your trading collection, but remember to have realistic expectations. However, just like any other mt4 technical analysis tool, it cannot provide very accurate signals 100% of the time. Therefore, it occasionally sends out false signals. In addition, its results will vary significantly based on market conditions.

Forex Trends and Breakouts MT4 Indicator System Free Download