Breakout and Retest Scanner MT4 is an advanced market scanning indicator that automatically identifies Breakout and Retest trading opportunities across multiple symbols and timeframes. It is designed to help traders avoid false breakouts while confirming genuine trend continuation setups.
Instead of manually checking dozens of charts, the indicator scans the market for valid breakout patterns and displays trading opportunities on a single chart. It also provides suggested Entry, Stop Loss, and Take Profit levels, making it suitable for both beginner and experienced traders.
Official Information
Indicator Name: Breakout and Retest Scanner MT4
Platform: MetaTrader 4 (MT4)
Category: Breakout Scanner / Support & Resistance Indicator
Version: Latest
Official Website: MQL5 Marketplace
Official Price: Check Official Website $39
SFXLAB Price: FREE
License Educational Purpose
Frequently Asked Questions
What does the indicator detect?
It automatically detects breakout and retest patterns based on support and resistance analysis.
Does it scan multiple symbols?
Yes. The scanner can monitor multiple symbols from a single chart.
Does it support multiple timeframes?
Yes. It scans several MT4 timeframes simultaneously for potential setups.
Can I use it for Gold?
Yes. The indicator works with Gold, Forex pairs, indices, and other MT4-supported instruments.
Does it provide Entry, Stop Loss, and Take Profit?
Yes. When a valid pattern is found, the indicator provides suggested trading levels to help with trade planning.