Breakout and Retest Scanner MT4 v2.28 (Official version)

What is Breakout and Retest Scanner MT4?

The Breakout and Retest Scanner is a highly effective MT4 indicator built to help traders quickly identify profitable breakout and retest setups. This indicator specializes in spotting key moments when the price breaks through significant support and resistance levels and then successfully retests these levels for confirmation. By focusing on these critical price action signals, the Breakout and Retest Scanner enables traders to enter high-probability trades with improved accuracy and confidence. Ideal for both beginners and experienced traders, this tool enhances your ability to capitalize on market momentum and trend continuation.

• Vender Website

About the Developer

•  Author: Elif Kaya. 
•  Experience: Over 1 years of experience on MQL5.
•  Notable Products: Breakout and Retest Scanner MT4, Bitcoin Expert and other products. 
•  Flagship Product: Breakout and Retest Scanner MT4 is the best performing product.

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Key Features of Breakout and Retest Scanner MT4

🔻Automatic Pattern Recognition

• Scans multiple charts and timeframes simultaneously.
• Reduces manual effort and human error.

🔻Enhanced Trading Efficiency

• Automates detection for faster identification of setups.
• Saves time and improves market responsiveness.

🔻Real-Time Alert System

• Instant alerts and push notifications for breakout and retest signals.
• Ensures no profitable opportunity is missed.

🔻Clear Entry, Stop Loss, and Take Profit Signals

• Precise trade signals to facilitate confident and disciplined trading.

🔻User-Friendly Interface

• Easy to install and use, suitable for beginners and pros alike.

🔻Multi-Timeframe and Multi-Symbol Support

• Monitors various timeframes and currency pairs simultaneously.
• Flexible for different markets and trading styles.

Why choose Breakout and Retest Scanner MT4?

• Accurate automated detection of breakout and retest patterns.

• Real-time notifications for timely trade execution.

• Simple and intuitive user interface for immediate use.

• Versatile across all currency pairs and timeframes.

Breakout and Retest Scanner MT4 Review

🔻Automated Multi-Symbol Scanning
Simultaneous analysis of multiple currency pairs and timeframes.

🔻Advanced Fibonacci Calculations
Uses Fibonacci levels to pinpoint ideal entries, stop-loss, and take-profit zones.

🔻Smart Pattern Recognition
Identifies bullish and bearish breakout and retest setups for precise trade planning.

🔻Instant Signal Alerts
Customizable alerts sent directly to desktop or mobile devices.

🔻Clear Trade Entry Guidance
Recommended entry points, stop loss, and take profit levels for each signal.

Breakout and Retest Scanner MT4 Reviews

Breakout and Retest Scanner MT4 Review

Breakout and Retest Scanner MT4 Trading Results

User Reviews and Feedback

➡️ Positive feedback from MQL5 community users:
➡️ Highlights include ease of use, profitability, and helpful author support.

• Squidme (2025.04.11): “This indicator is really good and author is really helpful who shares signals also in mql group.
• Xaxotf (2025.03.23): “This indicator is a MASTERPIECE!!! Nice and profitable!”
• Ali Mohamad Almohamad (2025.03.08): “I have just bought the indicator, I will tell you the results after the experiment with all honesty and transparency.”

What’s Included in the Breakout and Retest Scanner MT4 Package?

• Indicator file: Breakout and Retest Scanner MT4 v2.28_fix.ex4

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How To Set Up EA

🔻The Breakout and Retest Scanner v2.28_fix for MetaTrader 4 is a powerful multi-timeframe and multi-symbol pattern recognition tool. It’s designed for serious forex traders focused on breakout and retest strategies with Fibonacci-based targets and precise chart visualization.

Breakout and Retest Scanner MT4 setting

🟢 Installation Steps:

1. Copy the .ex4 or .mq4 file to your MT4 → Indicators folder.
2. Restart MT4 or refresh the Navigator window.
3. Attach Breakout and Retest Scanner v2.28_fix to any chart.
4. Allow DLL imports and enable “Allow live trading” if prompted (for full functionality).
5. Make sure your chart background is set to White for optimal visibility (as per default settings).

🟢 Key Settings to Configure (For Optimal Use):

• Pattern History: Set to 5000 for deeper signal backtesting and detection accuracy.
• Scanner Timer: 15 minutes – balances performance with timely signal updates.
• Max Symbols: 50 – scan up to 50 forex pairs or assets for breakout/retest patterns.
• Timeframes: M5, M15, M30, H1, H4, D1 – covers both scalping and swing trading strategies.
• Pattern Age (candles): 1 – ensures only fresh patterns are shown.
• Just Perfect Pattern: false – includes both perfect and near-perfect setups.
• Fibonacci Targets Enabled: TP3 (161.8%), TP4 (323.6%) – long-range take profits.
• Short-range TPs (38.2%, 61.8%): Disabled – suitable for traders targeting extended moves.
• MA Filtering: Disabled by default – can be enabled with a 50-period Simple MA.
• Chart Theme: White, with color-coded pattern elements (Bullish = Blue, Bearish = Red).

🟢 Alerts (Optional):

• Pop-up, Push, Email: Disabled by default but available for activation.
  To receive real-time breakout signals on mobile or desktop, set:

  • Display Alert = true
  • Push Notification = true
  • Send Email = true

🟢 Benefits of Breakout and Retest Scanner MT4:

• 🔻Scans up to 50 symbols across multiple timeframes for breakout patterns.
• 🔻Fibonacci-based TP system helps target larger price moves.
• 🔻Fresh pattern detection improves signal timing and accuracy.
• 🔻Color-coded visual elements make trade setups easy to interpret.
• 🔻Customizable alert system for fully automated monitoring.

Conclusion

In summary, The Breakout and Retest Scanner MT4 is a highly effective and intuitive trading indicator designed to automatically identify breakout and retest patterns across multiple timeframes and currency pairs. Built specifically for the MetaTrader 4 platform, this tool leverages one of the most reliable technical analysis strategies—support and resistance breakouts followed by retests—making it an essential asset for traders seeking precision and efficiency. Created by Elif Kaya, a trusted MQL5 developer, the Breakout and Retest Scanner offers advanced automated pattern recognition, instant real-time alerts, and accurate trade signal generation. This indicator helps both novice and professional traders improve entry timing, validate trends, and enhance risk management practices. Equipped with Fibonacci-based calculations, fully customizable settings, and a user-friendly interface, the Breakout and Retest Scanner MT4 allows traders to capitalize on high-probability breakout setups without the need for constant chart monitoring, boosting overall trading performance.

>>> Reviewed by Jason Stap <<<