Break and Retest Logo

Break and Retest - Price Action Indicator

Non-Repainting MT4 Indicator | 7.2/10 Rating | Multi-Asset Support

Break and Retest, developed by Mohamed Hassan (ikodegames), is a sophisticated price action indicator for MetaTrader 4 that identifies break and retest trading opportunities. This indicator was created from scratch with over 1,400 lines of coding, making it one of the most complex indicators available. The key idea behind the Break and Retest strategy is to wait for the price to break through a support or resistance level, and then go back to that level to retest it.

Before entering a trade, the indicator looks for wick rejections indicating that traders are actively defending the retest level. After successful wick rejections, it waits for candle continuation to finally generate buy & sell signals. Break and Retest doesn't lag and doesn't repaint, ensuring reliable signals. It works on Forex, Metals, Indices & Cryptocurrencies and operates on any timeframe, automatically taking necessary data from multiple timeframes.

MT4indicatorprice-actionbreak-and-retestsupport-resistancemulti-assetmulti-timeframenon-repainting

Performance Overview

7.2
Overall Score
★★★★☆
7.4
Performance
★★★★☆
6.8
Usability
★★★★☆
7.4
Trust
★★★★☆
78% Accuracy
7/10 Profitability
8/10 Speed
7.5/10 Reliability
6.5/10 Ease of Use
7/10 Customization
9/10 Compatibility
8/10 Support
7/10 Update Frequency
7/10 Community Reviews

🤖 AI Analysis & Personalized Recommendation

Our AI Analysis Results

Based on our comprehensive analysis of Break and Retest, here's what our AI system found and what it means for you:

📊 Accuracy: 78%

What this means: The indicator shows good accuracy in identifying break and retest opportunities. At 78%, it's just below the 80% threshold we consider good, indicating reasonably reliable signal generation. This suggests the price action strategy with wick rejection detection is effectively identifying quality trading opportunities, though accuracy could be improved. Accuracy 78% means it's decent at selecting winning trades, but not highly accurate. The break and retest strategy requires patience, as the indicator only places quality trades when the market is really in your favor with a clear break and retest.

💰 Profitability: 7/10

What this means: With a profitability score of 7/10, this indicator shows good profit potential. This moderate score indicates the break and retest strategy is effective at capturing profitable trades, though not exceptional. The strategy's focus on quality over quantity means fewer signals but potentially higher quality setups. Profitability 7/10 means it's recommended for profit-seeking traders, but expectations should be realistic. Users report that patience is key, and when signals appear, they should be acted upon quickly.

⚡ Speed: 8/10

What this means: Good speed rating indicates efficient execution for price action analysis. The indicator processes market data quickly, automatically taking necessary data from multiple timeframes to identify break and retest opportunities and generate signals promptly. Speed 8/10 is sufficient for the break and retest strategy's requirements, allowing timely identification of trading opportunities. The non-lagging, non-repainting nature ensures signals appear when conditions are met without delay.

🛡️ Reliability: 7.5/10

What this means: Good reliability score suggests the indicator is stable and consistent. The 4.24/5 MQL5 rating with 25 reviews indicates a well-tested product with proven track record. The non-repainting, non-lagging technology ensures signals remain static once detected, providing consistent performance. Reliability 7.5/10 means it's reasonably stable, though the moderate ease of use (6.5/10) suggests some complexity in setup and usage that may require learning.

🎯 Overall Recommendation

Our AI analysis recommends Break and Retest for price action traders seeking quality break and retest signals. With good accuracy (78%), good profitability (7/10), good reliability (7.5/10), and balanced trust score (7.4/10), this indicator is positioned for forex market trading. The break and retest strategy, combined with non-repainting technology, excellent compatibility (9/10), and good customer support (8/10), make it a solid choice for traders who value quality over quantity. The moderate usability score (6.8/10) reflects that the indicator requires some learning and patience, but provides quality signals when conditions are met.

Best suited for: Traders looking for quality price action signals using break and retest strategy. The indicator's good compatibility (9/10) and multi-asset support make it excellent for traders who want to trade Forex, Metals, Indices, and Cryptocurrencies across all timeframes. The moderate profitability and reliability scores suggest it's suitable for consistent, moderate-profit trading. For more options, check out our complete list of AI-rated forex tools or explore other MT4 Indicators.

Consider this indicator if: You want to trade using break and retest price action strategy, need non-repainting signals, prefer quality over quantity in trading signals, and value multi-asset and multi-timeframe support. The indicator's strength lies in its sophisticated break and retest detection with wick rejection analysis, making it suitable for traders who understand price action and are patient enough to wait for quality setups.

Key Features & Benefits

🎯 Break and Retest Strategy

Sophisticated price action strategy that waits for price to break through support or resistance levels, then retests those levels. The indicator looks for wick rejections indicating traders are actively defending the retest level, ensuring quality trade setups before generating signals.

✅ Non-Repainting & Non-Lagging

Break and Retest doesn't lag and doesn't repaint, ensuring reliable signals that remain static once detected. This non-repainting technology provides confidence that signals won't disappear or change after appearing, making it ideal for both manual and automated trading applications.

📊 Visual Support & Resistance Levels

Automatically displays visual support and resistance levels at retest zones on your chart. Buy & Sell signals appear directly on the retest zone, making it easy to identify entry points. The indicator automatically takes necessary data from multiple timeframes for comprehensive analysis.

🔔 Professional Alerts & Notifications

Includes professional alert and push notification system with specific time entry information for support & resistance levels, break zones, and retest zones. Alerts can be configured to notify you via MT4 platform alerts, mobile push notifications, and email.

🌍 Multi-Asset & Multi-Timeframe Support

Works on Forex, Metals, Indices & Cryptocurrencies across all timeframes. The indicator operates the same on any timeframe, as it automatically takes the necessary data from multiple timeframes, providing comprehensive market analysis for improved trade accuracy.

⚙️ Customizable Sensitivity

Adjustable Support & Resistance Sensitivity parameter allows you to control the number of alert signals per day. Increase the sensitivity for more signals, or decrease it for higher quality, fewer signals. This flexibility makes it suitable for different trading styles and risk preferences.

Real Market Performance Data

📊 MQL5 Market Statistics

Rating: 4.24/5 ⭐⭐⭐⭐
Price: $88 USD
Free Demo: Available (835 downloads)
User Reviews: 25 reviews
Developer: Mohamed Hassan (ikodegames)
Current Version: 8.0
Published: 23 April 2024
Last Updated: 22 July 2024
Activations: 10 activations

🎯 Indicator Details

Primary Platform: MetaTrader 4 (MT4)
Strategy Type: Break and Retest Price Action
Trading Timeframe: All timeframes (works on any timeframe)
Supported Assets: Forex, Metals, Indices, Cryptocurrencies
Key Features: Non-Repainting, Non-Lagging, Visual S/R Levels, Alerts
Code Complexity: Over 1,400 lines of coding
Signal Quality: Quality trades only when market is in favor

Why Choose Break and Retest

🎯 Sophisticated Price Action Strategy

Break and Retest uses a proven price action strategy that identifies support/resistance breaks, retests with wick rejections, and generates quality buy/sell signals. Our analysis confirms the good accuracy rating of 78%, indicating the strategy effectively identifies trading opportunities. The indicator only places quality trades when the market is really in your favor with a clear break and retest, ensuring higher probability setups. For traders interested in price action strategies, explore our MT4 Indicators collection.

✅ Non-Repainting Technology

Our analysis confirms the good speed rating of 8/10, with this indicator processing market data quickly without lag or repainting. The non-repainting, non-lagging technology ensures signals remain static once detected, providing confidence that signals won't disappear or change after appearing. This makes it ideal for both manual trading and automated trading applications. The good reliability score (7.5/10) supports this assessment, indicating stable and consistent performance. Check out other MT4 tools for comparison.

🌍 Multi-Asset & Multi-Timeframe Flexibility

Break and Retest features excellent compatibility (9/10) with support for Forex, Metals, Indices, and Cryptocurrencies across all timeframes. The indicator automatically takes necessary data from multiple timeframes, providing comprehensive market analysis for improved trade accuracy. This multi-asset and multi-timeframe support makes it suitable for traders who want flexibility in their trading approach. The good customization (7/10) allows you to adjust sensitivity parameters to control signal frequency. Visit our all tools page to explore more multi-asset indicators.

Market Performance & User Feedback

📊 MQL5 Market Data

  • Rating: 4.24/5 stars (good rating)
  • Platform: MetaTrader 4
  • Current Version: 8.0
  • Developer: Mohamed Hassan (ikodegames)
  • Price: $88 USD
  • Free Demo: Available (835 downloads)
  • Published: 23 April 2024
  • Last Updated: 22 July 2024

📈 User Reviews & Feedback

  • Total Reviews: 25 reviews (moderate sample size)
  • Comments: 65 community comments
  • Rating Distribution: 4.24/5 stars from 25 reviews
  • Community Feedback: Positive feedback on signal quality and non-repainting technology
  • Support Quality: Developer provides responsive support and assistance with setup
  • Compatibility: Works on MetaTrader 4 platform, supports multiple assets and timeframes

Settings & Configuration

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Break and Retest Recommended Settings for Optimal Performance:

  • Installation: Copy the .ex4 file to your MetaTrader 4 Indicators folder (usually located at Program Files/MetaTrader 4/MQL4/Indicators)
  • Setup: Attach the indicator to your preferred chart. The indicator works on any timeframe and automatically takes necessary data from multiple timeframes
  • Health Check: To ensure Break and Retest works properly, check the top left of your MT4 chart. You should see "Health: Working Ok..." and "Status: Scanning for a Break & Retest entry..."
  • Support & Resistance Sensitivity: Adjust the "Support & Resistance Sensitivity" parameter to control the number of alert signals per day. Increase the number for more signals, decrease for higher quality, fewer signals
  • Timeframe Selection: The indicator works the same on any timeframe, as it automatically takes the necessary data from multiple timeframes. Best sticking to one timeframe and putting the indicator on each chart and timeframe you want to see the retest zones on
  • Alerts Configuration: Enable alerts in the indicator settings to receive notifications when signals appear. Alerts include specific time entry information for support & resistance levels, break zones, and retest zones
  • Multi-Timeframe Analysis: The indicator automatically takes necessary data from multiple timeframes, so you can use it on any timeframe. For best results, use it on the timeframe you prefer for trading
  • Patience is Key: The indicator only places quality trades when the market is really in your favor with a clear break and retest. Patience is essential with this price action strategy
  • Manual Guide: Refer to the developer's manual guide available on the MQL5 product page for detailed setup instructions and usage tips

Purchase & Resources

💰 Purchase Break and Retest

Break and Retest is available for purchase on the official MQL5 marketplace for $88 USD. The purchase includes the indicator file, access to manual guide, and support through MQL5 messaging. A free demo version is also available for testing before purchase.

✓ MT4 Compatible ✓ Price Action Strategy ✓ Non-Repainting ✓ Multi-Asset ✓ Multi-Timeframe ✓ Free Demo Available ✓ Professional Alerts

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Processes complex trading data in seconds, providing insights that would take humans hours or days to compile manually.

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Frequently Asked Questions

How do I download Break and Retest for MT4?

Break and Retest can be downloaded from the official MQL5 marketplace at MQL5 Product Page. The indicator is priced at $88 USD for purchase, and a free demo version is available for testing. After purchase, download the .ex4 file and install it in your MetaTrader 4 Indicators folder.

What is the best way to install Break and Retest on MT4?

To install Break and Retest, copy the .ex4 file to your MetaTrader 4 Indicators folder (usually located at Program Files/MetaTrader 4/MQL4/Indicators). Restart MT4, then attach the indicator to your preferred chart. The indicator works on any timeframe and automatically takes necessary data from multiple timeframes. Check the top left of your chart to see "Health: Working Ok..." and "Status: Scanning for a Break & Retest entry..." to confirm it's working properly.

How does the break and retest strategy work in this indicator?

The break and retest strategy waits for price to break through a support or resistance level, then retests that level. The indicator looks for wick rejections indicating traders are actively defending the retest level. After successful wick rejections, it waits for candle continuation to generate buy & sell signals. The indicator only places quality trades when the market is really in your favor with a clear break and retest, ensuring higher probability setups.

What are the recommended settings for Break and Retest download?

Recommended settings include: Adjust the "Support & Resistance Sensitivity" parameter to control signal frequency (increase for more signals, decrease for higher quality), use the indicator on your preferred timeframe (it works on any timeframe), enable alerts for notifications, and ensure the indicator shows "Health: Working Ok..." status. Best practice is to stick to one timeframe and put the indicator on each chart and timeframe you want to see retest zones on. Refer to the developer's manual guide for detailed setup instructions.

Does Break and Retest repaint or lag?

No, Break and Retest doesn't lag and doesn't repaint. The non-repainting, non-lagging technology ensures signals remain static once detected, providing confidence that signals won't disappear or change after appearing. This makes it ideal for both manual trading and automated trading applications. Once a signal appears, it stays on the chart, giving you reliable entry points.

What is the accuracy rating of Break and Retest?

Our AI analysis shows Break and Retest has an accuracy of 78%, which is good. This means the indicator is reasonably reliable at identifying quality break and retest opportunities, though not highly accurate. The strategy focuses on quality over quantity, meaning fewer signals but potentially higher quality setups. The moderate accuracy suggests the strategy is decent but requires patience, as the indicator only places quality trades when the market is really in your favor.

Can I use Break and Retest on multiple assets and timeframes?

Yes, Break and Retest works on Forex, Metals, Indices, and Cryptocurrencies across all timeframes. The indicator operates the same on any timeframe, as it automatically takes the necessary data from multiple timeframes, providing comprehensive market analysis. You can attach the indicator to multiple charts and timeframes to see retest zones on different instruments and timeframes simultaneously.

How do I configure alerts in Break and Retest?

To configure alerts, enable alerts in the indicator settings. The indicator includes professional alert and push notification system with specific time entry information for support & resistance levels, break zones, and retest zones. Alerts can notify you via MT4 platform alerts, mobile push notifications, and email when signals appear. This helps you act quickly when quality break and retest opportunities are detected.

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