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Asian Breakout Range Metatrader 4 Forex Indicator

    The Asian Breakout Range forex indicator for Metatrader 4 is used to trade Asian session breakouts.

    The indicator draws a colored box ready to trade Asian breakouts either to the upside or downside.

    The trading box principle is very easy to understand:

    Open buy trade when price exceeds the high price of the box, this is a bullish signal.

    Vice versa, open sell trade when price exceeds the low price of the box, this is a bearish signal.

    The most interesting currency pairs to trade the Asian box system include USD/JPY, GBP/JPY, EUR/JPY, EUR/USD and GBP/USD.

    Feel free to experiment with other forex pairs as well.

    Free Download

    Download the asian-breakout-range-indicator.ex4” MT4 indicator

    Example Chart

    The EUR/USD H1 chart below displays the Asian Breakout Range Metatrader 4 indicator in action.

    Basic Trading Signals

    Signals from the Asian Breakout Range Metatrader 4 forex indicator are easy to interpret and goes as follows:

    Buy Signal: Open buy trade when price exceeds the high price of the Asian session box.

    Sell Signal: Open sell trade when price exceeds the low price of the Asian session box.

    Trade Exit: Use your own method of trade exit.

    Download

    Download the asian-breakout-range-indicator.ex4” Metatrader 4 indicator

    MT4 Indicator Characteristics

    Currency pairs: Any (see preferred forex pairs above)

    Platform: Metatrader 4

    Type: Chart pattern indicator

    Customization options: Variable (Period Begin, Period End, Background) Colors, width & Style.

    Time frames: 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour

    Type: Breakout

    Installation

    Copy and paste the asian-breakout-range-indicator.ex4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.

    You can access this folder from the top menu as follows:

    File > Open Data Folder > MQL4 > Indicators (paste here)

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