Breakout Panca Eagle With Button Indicator

Breakout Panca Eagle With Button Indicator

The Breakout Panca Eagle With Button Indicator for MT4 is the best Forex indicator that identifies breakout trading opportunities.

The Breakout Panca Eagle With Button Indicator is one of the MetaTrader 4 (MT4) technical indicators that identifies significant market breakout zones. Breakout trading strategy is one of the most profitable trading methods in the financial markets. Therefore, the indicator would be a handy tool to assist traders in identifying breakout trading opportunities.

The indicator identifies and displays price breakouts using complex algorithms that detect past price action zones where the market might experience significant bullish or bearish movement.

How to Trade with the Breakout Panca Eagle With Button Indicator for MT4

The attached image depicts the breakout trading opportunities identified by the indicator on the EUR/USD currency pair in the H1 timeframe.

To buy or sell a financial instrument, wait for the price to break out of the indicator’s box either upward or downward. Now, wait for the price to retest the box before looking for a buying or selling opportunity.

So, when the price breaks out of the box to the upside, for instance, you may open a buy entry position if the price prints a bullish candle after the retest. You can use the above image as a reference.

Conclusion
The Breakout Panca Eagle With Button Indicator for MT4 is a user-friendly indicator for identifying breakout trading opportunities in the market. Users can turn on/off the breakout boxes by tapping the indicator’s button at the left top of the chart. What’s more, it is free to download.