GO Breakout and Retest

3.5

GO Breakout and Retest is probably the best price action indicator you can currently find on the market.

Designed for price action traders and not only, the indicator helps you spot retests after breakouts of supply / demand zones.

After purchase, leave a review, a comment or make a screenshot of your purchase and contact me to receive for free the Trade Entry Manager utility !

Please read the full description  of the product in order to use the indicator properly !

Feel free to check out my other products here : https://www.mql5.com/en/users/gyila.oliver/seller#products


The indicator will search for setups only on live charts or in strategy tester. When you load the indicator on the chart, it will not display anything in the past !


As most traders know, after a break of a supply / demand zone, usually a pullback happens to retest the zone. The retest of the zone is the optimal time to enter the trade in the direction of the breakout.

As Holy grail does not exist, this indicator does not promise 100%, but the trade setups have a very high risk : reward ratio.

The indicator implements an extrafilter, with the help of that the signals are filtered based on the swing sizes before / after the break.

But to get the most out of it, you need to trade the perfect setups.


How to find the perfect setups :  ( see the screenshot for examples )

When you get an alert :

  • make sure the pair you are trading is trending and has large, nice movements
  • the indicator plots the supply / demand zone that is broken and a horizontal trendline representing the broken support/resistance line. Make sure that the horizontal line was broken with a strong, larger than average candle
  • make sure the s/r line was crossed only once ( see screenshots for explanation )
  • make sure that when you get an alert, it was the first retest of the zone / line
  • before and after the break, make sure the price made nice big moves both above and below the zone
  • the best signals are when you get alert right on the s/r line

How to trade the signals of the indicator : ( personal suggestion only, but statistically this is the best way to trade these signals )

  • Never risk more than 2-3 % of your account balance
  • Don't try to trade every signal. Trade only the perfect setups
  • For buy setups, place your stop loss below the low of the candle that broke the s/r line
  • Set your initial target at 1:1 risk:reward
  • when 1:1 risk reward has been reached, close half of your position and trail the remaining position by 1 RR
  • if you get multiple signals in the same trend, trade only the FIRST signal


I am open to any suggestion regarding this indicator.

If you like this product, please don't forget to review it as such.


  Happy pips !




Reviews 6
aungnainghtoo
19
aungnainghtoo 2022.01.02 17:38 

Good and it make less time of screening.

Aravind Kolanupaka
10410
Aravind Kolanupaka 2021.09.24 13:25 

Good work

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KT Parabolic RSI MT4
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KT Parabolic RSI overlays Parabolic SAR directly on the RSI line to highlight likely market turning points. Classic RSI overbought and oversold readings already hint at reversals, and the added PSAR filter removes much of the noise and sharpens those signals, giving you clearer trade setups. Big Square Signals: A Parabolic SAR flip on an RSI that sits in overbought or oversold territory. These mark high-probability market turns. Small Square Signals: A SAR flip inside the neutral RSI band. Treat
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VWAP Ultimate Pro MT4 – Persistent Anchored VWAP | Session VWAP | Dynamic Bands & Smart Alerts Bring an Advanced Professional VWAP Workflow to the Classic MetaTrader 4 Platform WHY TRADERS CHOOSE VWAP ULTIMATE PRO MT4? VWAP (Volume-Weighted Average Price) is a widely used benchmark for evaluating fair value, session bias and price positioning. VWAP Ultimate Pro MT4 delivers a complete VWAP workflow optimised for the MT4 architecture, including persistent Anchored VWAP, multiple VWAP periods,
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Somina
19
Somina 2022.06.06 09:12 

This indicator slows down my mt4

faithdefender
1746
faithdefender 2022.03.29 21:31 

At this time I give 2 stars. I have sent a comment to the Vendor on March 23, about nothing showing on my charts, but received no response. I have put the indicator on many Forex pairs with everything from 5M to 1H to see how it identifies trades, but cannot find the indicator showing either a buy or a sell recommendationI thought there would be at least one trade setup, but no.. When leaving a review I always consider price and quality of the indicator and I give 2 stars because it was a fair price. What a bummer because I was considering maybe another indicator from his menu. Update 5-5-22 The indicator provided a trade overnight and it would have been a winner. But this is a rare trade b/c no others have come. For this reason I update the review.

He knows I left review but never offered the free utility. And he never responded personally, someone else answered the question for me.

Update 7-17-22. Still no courtesy to respond to my request. He says on the page "After purchase, leave a review, a comment or make a screenshot of your purchase and contact me to receive for free the Trade Entry Manager utility !" Apparently, he does not respond with the free gift if you criticise his indicator truthfully.

aungnainghtoo
19
aungnainghtoo 2022.01.02 17:38 

Good and it make less time of screening.

ali tabrizi68
45
ali tabrizi68 2021.12.01 13:03 

This is very good.just rememer proce have a nice ang big move

Aravind Kolanupaka
10410
Aravind Kolanupaka 2021.09.24 13:25 

Good work

Pham Dang Mai Tram
710
Pham Dang Mai Tram 2021.09.04 12:02 

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