Break The Bank Trader

A Break of Structure (BOS) indicator for MetaTrader 5, built for Smart Money Concepts traders. It detects when price breaks the market's key swing highs and lows — but only confirms a break when it's real, and never repaints, recalculates, or moves a signal once drawn.

• What it does: Tracks swing structure and confirms a Break of Structure only when the break is genuine — a true candle close through the level, never a wick or a poke.
• Non-repainting, non-recalculating: Signals are based only on fully closed bars. Once drawn, a BOS line and label stay exactly where they are — what you see in backtest is what you get live.
• Two entry models:
  • Retest mode (recommended): A confirmed break arms a signal; the actual BOS fires only when price pulls back and retests the broken level — a second-chance entry with better risk-reward and a natural stop location. Pending signals cancel automatically if price closes back through the level (failed break) or after a set number of bars.
  • Break mode: Fires immediately at the confirmed break close — faster signals for momentum traders.
• How it looks on your chart:
  • Blue line + "BOS" label above a broken high = bullish structure break
  • Red line + "BOS" label below a broken low = bearish structure break
• Smart filtering to kill fake breaks (all adjustable):
  • ATR-based break buffer — requires price to close a real margin beyond the level
  • Displacement filter — break candle must be meaningful versus recent volatility
  • Consecutive-close confirmation — optionally requires 2–3 closes beyond the level
  • Wick-rejection filter — skips candles that were visibly rejected at the level
  • Over-extension guard — skips chasing entry when price has already run too far
  • Trend alignment — HTF (H4 default) and on-chart EMA filters keep you trading with the bigger trend
• Diagnostics mode: Turn on a single toggle and every filtered-out break is marked with a small grey letter showing which filter rejected it — so you can tune the indicator to your exact symbol and timeframe with evidence, not guesswork.
• Alerts, done right: Sound + popup fires exactly once per confirmed live signal. No alert storms on load, no repeats, no spam.
• How to use it:
  • Attach to your chart (M15–H1 for intraday, H4 for swing trading)
  • Pick your entry mode (Retest recommended)
  • Trade your own plan off the signal — e.g., enter at the retest, stop beyond the swing level, target the next structure