FlatBreakout MT5

FlatBreakout MT5 (Free Version)

Flat Range Detector and Breakout Panel for MT5 — GBPUSD Only

FlatBreakout MT5 is the free version of the professional FlatBreakoutPro MT5 indicator, specially designed for flat (range) detection and breakout signals on the GBPUSD pair only.
Perfect for traders who want to experience the unique fractal logic of FlatBreakout MT5 and test breakout signals on a live market without limitations.

Who Is This Product For?

• For traders who prefer to trade breakout of flat ranges (breakout, flat breakout, volatility expansion) — specifically on GBPUSD.

• For scalpers, intraday, and swing traders working with GBPUSD on any timeframe.

• For those who want to try FlatBreakout MT5 before purchasing the full version.

Important!

FlatBreakout MT5 works only with the GBPUSD instrument.

Key Features

• Transparent fractal logic:
  The flat range is formed by three key points (one minimum, two maxima), which eliminates random or “stretched” zones and repaints.

• Clear breakout signals:
  A signal appears immediately after the first candle closes outside the flat range. Alerts and graphical notifications are shown on the panel and chart.

• Full visual control:
  All zones and statuses are displayed on the panel and the chart. You always see the current flat, breakout direction, or lack of signal.

• Interactive panel:
  Quickly switch between GBPUSD timeframes by clicking the panel.

• Flexible customization:
  Colors, style, depth of analysis, flat range parameters — everything is easily configurable.

• Minimal terminal load:
  Fast and lightweight even on weak PCs.

Indicator Logic

1. Flat Range Detection:
   Analyzes history for a specified period ( FB_LookbackBars ).
   Finds the local minimum (FL) and two nearest maxima (U1 and U2).
   Upper flat boundary — max(U1,U2), lower — FL.
   Flat is confirmed if the width is less than FB_MaxRangePips .

2. Breakout Signals:
   If candle closes above max(U1,U2) — breakout up.
   If closes below FL — breakout down.
   Signal is displayed for a set number of bars.

3. Analysis Panel:
   Each panel cell shows the flat/breakout status for GBPUSD on each selected timeframe:

   • Yellow — flat active

   • Green — breakout up

   • Red — breakout down

   • Gray — no signal or insufficient history

Typical Use Cases

• Automatic monitoring of consolidation zones and real-time breakout signals for GBPUSD

• Filtering false entries in trend-following strategies (only enter after confirmed breakout)

• Quick market overview on GBPUSD across multiple timeframes

• Trading journal and pattern analysis — all zones and signals are marked on the chart

Main Parameters and Customization

▶️ Timeframes:
Timeframes — List of timeframes, comma-separated (e.g. M5,M15,H1,H4)

▶️ Fractal flat zone parameters:
FB_LookbackBars — Depth of fractal search (default 20)
FB_MaxRangePips — Max flat width in pips
FB_MaxFractalDistancePips — Max distance between U1/U2
FB_CancelBars — Number of bars outside the range to cancel the flat
FB_BorderColor , FB_BorderWidth — Range visualization settings

▶️ Visual panel settings:
PanelCorner , panelX , panelY — panel position
BackgroundColor , BackgroundOpacity — panel color and transparency
ShowPanelBackground — show/hide panel background

Frequently Asked Questions (FAQ)

— Can I use FlatBreakout MT5 on other pairs or instruments?
No. The free version works only with GBPUSD. For multi-symbol support, see FlatBreakoutPro MT5.

— Does the indicator repaint zones or signals?
No. All zones are based only on closed bars and key fractal points. No backpainting.

— Can I change settings on the fly?
Yes. All parameters can be changed without restarting the terminal.

How to Start

1. Attach FlatBreakout MT5 to a GBPUSD chart (MT5)

2. Select your preferred timeframes and set the flat zone parameters

3. Get real-time breakout signals and respond to the market with confidence!

FlatBreakout MT5 — your free assistant for finding perfect breakout entries and exits on GBPUSD.