MT4-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.

Get multi-symbol and multi-timeframe scanner from here - Scanner for ACB Breakout Arrows MT4

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.

EA developers

double Buy_Signal = iCustom( NULL, 0, "Market/ACB Breakout Arrows", 0, 1);

double Sell_Signal = iCustom( NULL, 0, "Market/ACB Breakout Arrows", 1, 1);

Buy_Stoploss:

if( iCustom( NULL, 0, "Market/ACB Breakout Arrows", 2, 1)!= 0)Buy_Stoploss = iCustom( NULL, 0, "Market/ACB Breakout Arrows", 2, 1);

Sell_Stoploss:

if( iCustom( NULL, 0, "Market/ACB Breakout Arrows", 3, 1)!= 0)Sell_Stoploss = iCustom( NULL, 0, "Market/ACB Breakout Arrows", 3, 1);

// Fetching targets from the chart

Quick Profit = NormalizeDouble(ObjectGetDouble(0,"FirstTarget",OBJPROP_PRICE),Digits);

First Target = NormalizeDouble(ObjectGetDouble(0,"Target1",OBJPROP_PRICE),Digits);

Final Target = NormalizeDouble(ObjectGetDouble(0,"Target2",OBJPROP_PRICE),Digits);

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