PipFinite Breakout EDGE - truly profitable MT4 indicator
PipFinite Breakout EDGE v.6.0 is an MT4 indicator that pairs well with any trading strategy. It automatically calculates Entry, Exit, Stop Loss, and Take Profit levels, and — importantly — never repaints: once a signal forms, it stays exactly as drawn and won't redraw or vanish after the fact. Its win rate — a bit over 65% — is also refreshingly realistic: unlike most paid indicators that promise 95%+ (a number that's simply not achievable and, frankly, a lie), this one sets expectations you can actually trust.
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. That said, I'd still recommend testing the indicator on historical data first to find the best settings, pairs, and timeframes for your trading style.
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. Once you've settled on those settings through testing, run the indicator on a demo account — and only move to a live account once you're seeing consistently positive results.
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
- PipFinite Breakout EDGE template.tpl
Required: To avoid problems when installing on a chart, be sure to use a template PipFinite Breakout EDGE template.tpl
Free Download PipFinite Breakout EDGE Indicator
