The Asian Range Breakout Box Forex indicator provides high probability breakout signals that occur during the Asian trading session.
It’s extremely simple to trade Asian session high and low breakouts for profit.
The indicator does all the works for you and provides you with the Asian session range breakout box.
It’s recommended to deploy the indicator on the USD/JPY, GBP/USD and EUR/USD pairs.
The Asian session breakout strategy goes as follows:
- One would buy the pair when price exceeds the high of the Asian session breakout box.
- One would sell the pair when price exceeds the low of the Asian session breakout box.
You can use extra confirmation tools to confirm the buy or sell trade.
The look of the Asian Forex session breakout box can be fully modified to suit your personal preferences.
Download This MT4 Forex Indicator Free
Download the “asian-breakout-range-indicator.ex4” Metatrader 4 indicator
Asian Range Breakout Box Forex Indicator Chart
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
You can apply the indicator to any currency pair and time frame of your preference.
Finding Buy and Sell Triggers With Asian Range Breakout Box Forex Technical Analysis Chart Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Open a buy breakout trade when price exceeds the high of Asian Range Breakout Box Forex indicator.
Place initial stop loss below the low of the Asian box, or use your own stop loss placement method.
Take profit at predetermined profit target (for example 25 pips on the M5 chart) or deploy reward/risk ratio of 2.0 or better.
Sell Trigger: Open a sell breakout trade when price exceeds the low of Asian Range Breakout Box Forex indicator.
Place initial stop loss above the high of the Asian box, or use your own stop loss placement method.
Take profit at predetermined profit target (for example 25 pips on the M5 chart) or deploy reward/risk ratio of 2.0 or better.
Download This Forex Indicator Now
Download the “asian-breakout-range-indicator.ex4” MT4 indicator
Adjustable Parameters
Period, background, colors, width, style.
Usage
The indicator can be used as a stand-alone signals indicator.
It can also be combined with:
- Trading oscillators (MACD, Stochastic, RSI,…)
- Trend indicators (Moving Average, Bollinger Bands, ADMI,…)
- Price action methods and techniques
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: Asian breakout
Installation
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.