PipFinite Breakout EDGE - truly profitable MT4 indicator
PipFinite Breakout EDGE v.6.0 is an MT4 indicator that combines perfectly with any trading strategy, and automatically determines the levels of Entry, Exit, Stop Loss and Take Profit, which is not unimportant, never repaints, does not complete, does not recalculate signals, and most importantly has a good WinRate > 65%. This figure is similar to the truth, unlike most paid indicators, which promise us more than 95%, which is simply impossible and is an outright lie.
Characteristics of the PipFinite Breakout EDGE Indicator
- Platform: Metatrader4
- Currency pairs: Any currency pairs, recommended major, cryptocurrencies, metals, stocks, indices
- Trading Time: Any trading sessions
- Time Frame: Any
- Recommended broker: Roboforex, XM, Tickmill
How it works and Rules of the trade
The indicator automatically finds entry points, shows Stop Loss levels (if Stop Loss Mode = Recent Swing is selected in the settings), Take Profit and calculates statistics in DashBoard:
Thus, the trader only has to follow the indicator signals, opening trades in the right direction with the specified Stop Loss and Take Profit. The seller assures that PipFinite Breakout EDGE is suitable for any currency pair, metals, indices, cryptocurrencies, for any timeframes. But I still recommend to test the indicator on historical data beforehand to find the best settings, pairs and timeframes. The absence of repainting and the appearance of the signal at the close of the candle allow you to do it accurately enough.
The author suggests making trades as follows:
SELL:
1. Sell when Red arrow appears + Success Rate ≥ 66%
2. Set Stop Loss:
- Option 1: Recent Swing - Stop Loss calculated by the indicator
- Option 2: Opposite Signal - Exit Sell signal on a new Buy signal
3. Set Take Profit:
- Option 1: Take profit on TP1
- Option 2: Partial take profit on TP1 (example, 50%) and close remaining position on TP2 (example, 50%)
- Option 3: Take profit on opposite signal to maximize strong breakouts
BUY:
1. Buy when Blue arrow appears + Success Rate ≥ 66%
2. Set Stop Loss:
- Option 1: Recent Swing - Stop Loss calculated by the indicator
- Option 2: Opposite Signal - Exit Buy signal on a new Sell signal
3. Set Take Profit:
- Option 1: Take profit on TP1
- Option 2: Partial take profit on TP1 (example, 50%) and close remaining position on TP2 (example, 50%)
- Option 3: Take profit on opposite signal to maximize strong breakouts
You can see more details in this video:
Parameters
- Period - the number of bars used to calculate the algorithm
- Range Filter - the factor used to filter ranging markets
- Stop Loss Mode - the stop loss used for calculation:
Recent Swing - the Indicator will place stoploss based on the recent swing highs and lows
Opposite Signal - there will be no stoploss but trades will be closed on the opposite signal
- Target Factor - the multiplier used to calculate take profit levels. Very strong impact on Success Rate and, as a result, market entry:
- Maximum History Bars - maximum number of bars used for calculation
- Misc Parameters - controls the universal visibility of objects and buffers
- Display Parameters - controls the visibility of objects drawn on chart
- Graphics Parameters - controls the appearance and colors of drawn objects on chart
- Dashboard Parameters - controls the visibility and colors of statistics found on chart
- Alert Parameters - controls the alert options enabled
Conclusion
PipFinite Breakout EDGE Indicator, despite its apparent simplicity, still requires a competent approach to trading based on preliminary testing on historical data in order to select the best pairs, timeframe and settings of the indicator itself. After selecting these data on the basis of tests, the indicator should be tested on a demo account and only after positive results you can proceed to trading on a real account.
Be sure to use a proven broker with ECN account with Zero spread, which will be very relevant for the application of this indicator with Take Profit Factor < 2.0 on timeframes M1-M15.
In the archive PipFinite_Breakout_EDGE_v.6.0.rar (204.3 KB):
- PipFinite Breakout EDGE_fix.ex4
Free Download PipFinite Breakout EDGE Indicator
