FREE Mql5 ACB Breakout Arrows

FREE Mql5 ACB Breakout Arrows

The ACB Breakout Arrows indicator provides a crucial entry signal in the market by detecting a special breakout pattern. The indicator constantly scans the chart for a settling momentum in one direction and provide the accurate entry signal right before the major move. 

Key features

• Stoploss and Take Profit levels are provided by the indicator.
• Comes with a MTF Scanner dashboard which tracks the breakout signals across all the time-frames.
• Suitable for Day Traders, Swing Traders, and Scalpers.
• Optimized algorithm to increase the accuracy of signals.
• Special level to facilitate the Breakeven move or scalping target(Quick Profit Line).
• Performance analysis metrics such as win/loss, success rate, avg. profit etc.
• No Repaint.

Trades Confirmation

– Use ACB Trade Filter indicator to filter out the low probability trades.

• Strong Buy: Up Arrow + Green Histogram + Bullish Trend.
• Strong Sell: Down Arrow + Red Histogram + Bearish Trend.
• Avoid a trade if the histogram is Gray and Trend is Sideways.

(optional) – Use KT Support and Resistance Levels to avoid trade entry around a significant support/resistance level. Such trade entries can immediately turn negative and lead to unnecessary losses. 

“The goal of a successful trader is to make the best trades. Money is secondary.” – Alexander Elder

Input Parameters

• History Bars: Number of bars to consider for Indicator’s calculation.
• Signal Sensitivity: Choose the Arrow’s Sensitivity (signal strength).
• Bars for SL: Numbers of bars to consider for Stop loss calculation.
• Show Target Lines: Show/hide the SL, TP and Quick profit levels on the chart.
• Performance Analysis: Show/hide the performance analysis elements included the profit trend line for each signal.
• Alert Settings: Display box, Email, Push notifications and Sound alerts are available.