Box Breakout Alert for MT4 and MT5

Box Breakout Alert indicator is a free MT4/MT5 indicator that you can download here and use in your MetaTrader to receive notifications via email, mobile app, and in the platform when the price breaks above or below some of a previous high or low.

What Is Box Breakout Indicator?

Breakout strategies are very popular among traders. They consist of buying an asset when it breaks above some level or selling it when the price breaks below some level.

This level can be a trend line, a previous high, a moving average, or another indicator.

In the case of a box breakout, the trader draws a box containing the highs and lows of the previous candles.

So, the number of candles considered is the main parameter of the indicator.

Box Examples

Box Breakout Alert Indicator for MetaTrader

As a trader, you might find useful to have a tool that alerts you when a box breakout happens.

With Box Breakout Alert indicator, you can:

  • Set the number of candles for the box.
  • Set whether to draw arrows to signal about breakouts.
  • Enable or disable notifications.

The indicator will scan the chart in the past to see if there were breakouts and signal them on chart if you enable arrows.

This can help in seeing if the pair or asset could be profitable with breakout strategies.

The indicator automatically finds highs and lows in the charts and also notifies you when there is a current breakout.

Due to the indicator being dynamic it doesn't draw the boxes, instead it only draws the signals.

You can receive notifications via:

  • Email
  • Mobile app
  • On screen

MT4-Box-Breakout-Alert-1

About Indicator Box Breakout Alert for MT4 and MT5

Box Breakout Alert Indicator - Input Parameters

Box Breakout Alert Indicator Source Code

If you are interested in alert indicators, you can use the source code of the present Box Breakout Alert Indicator for your further development. Additionally, you can inspect the code of our Alert Indicator Template, which was used as a foundation for this indicator.

How to Download and Use MT4 Box Breakout Alert Indicator?

You can download the indicator for free using the link below and install it by following the provided instructions.

The installation is very easy to perform. The same is true for using this tool.

Once you run the indicator you can set the parameters. You can select box period to use and how to receive notifications.

➥ Download MQLTA MT4 Box Breakout Alert

MT4 Box Breakout Alert Installation

To install MT4 Box Breakout Alert Indicator, please follow the instructions below:

  1. Download the indicator archive file.
  2. Open the MetaTrader 4 data folder (via File→Open Data Folder).
  3. Open the MQL4 Folder.
  4. Copy all the folders from the archive directly to the MQL4 folder.
  5. Restart MetaTrader 4 or refresh the indicators list by right-clicking the Navigator subwindow of the platform and choosing Refresh.

For more detailed instructions on how to perform the installation please visit this article.

MT5 Box Breakout Alert Indicator

What Is MT5 Box Breakout Alert Indicator?

Box Breakout Alert Indicator for MetaTrader 5 is a plugin that allows you to set up alerts for the price breaking out of the previous highs and lows on your MT5 chart. It has exactly the same features as the version of the indicator for MT4.

How to Download and Use MT5 Box Breakout Alert Indicator?

You can download the indicator for free using the link below and install it by following the provided instructions.

➥ Download MQLTA MT5 Box Breakout Alert

MT5 Box Breakout Alert Installation

To install the MT5 Box Breakout Alert Indicator please follow the instructions below:

  1. Download the indicator archive file.
  2. Open the MetaTrader 5 data folder (via File→Open Data Folder).
  3. Open the MQL5 Folder.
  4. Copy all the folders from the archive directly to the MQL5 folder.
  5. Restart MetaTrader 5 or refresh the indicators list by right-clicking the Navigator subwindow of the platform and choosing Refresh.

For detailed instructions on how to setup the alerts in MetaTrader please refer to our guide on notifications in MT4/MT5..

You can open a trading account with any of the MT4 Forex brokers to freely use the presented here indicator for MetaTrader 4. If you want to use an MT5 version of the indicator presented here, you would need to open an account with a broker that offers MetaTrader 5.

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