Introduction

Ever missed a high-probability breakout coz you were afk… or caught the breakout but got burned on the retest? It happens to all of us—traders glued to screens for hours, yet one sudden spike or fake-out and your entry timing goes kaput. Well, the Breakout & Retest Scanner V1.18 Indicator MT4 from YoForex is here to save your sanity. This 100% free scanner watches dozens of pairs in real time, flags when price breaks a key level and then retests it, so you can pounce with confidence. No more manual scribbles on your chart, no more guesswork—just clear alerts, proven logic, and zero repaint. Whether you scalp on M5 or swing on H4, get ready to level-up your entries and stop chasing moves after they’re gone.

Overview

Breakout & Retest Scanner V1.18 is a specialized MetaTrader 4 custom indicator engineered to automate one of the most reliable price-action strategies: breakouts followed by retests. Its mission? To spot when price pierces support/resistance and then comes back to confirm that level, giving you low-risk entry points.

  • Multi-Pair Monitoring: Attach it to one chart and scan up to 20 symbols simultaneously.

  • Real-Time Alerts: Popup, email, and mobile push notifications fire at the moment of breakout and on the retest.

  • Custom Levels: Detects horizontal S/R, trend-line, and Fibonacci zones automatically—or let you draw your own.

  • Session Filters: Only alerts during your preferred trading hours (e.g., London & New York) to avoid low-liquidity noise.

New to custom MT4 indicators? Check our Beginner’s Guide to MT4 Indicators for step-by-step setup. Want more advanced price-action tools? See our Order Blocks All In One Indicator V1.08 MT5 for supply/demand analysis.

Key Features

• Automated Breakout Detection: Flags when price closes beyond drawn levels.
• Retest Confirmation: Alerts on first valid pullback to the breakout zone.
• Multi-TF Support: Works on M1–D1 charts; scan different timeframes in one go.
• Customizable Alerts: Popup, email, SMS, mobile push—your choice.
• Dynamic Level Drawing: Auto-draws S/R and trend lines based on recent swing points.
• Fib Zone Scanner: Optionally include 38.2%, 50%, 61.8% retracement alerts.
• Session Filter: Restrict alerts to high-volume sessions to reduce false signals.
• Dashboard Panel: On-chart table shows symbol, breakout price, retest price, and time.
• No Repaint Logic: Once an alert triggers, it stays fixed—no surprises after the fact.
• Light CPU Usage: Optimized for running on multiple charts without lag.

Backtest Results & Proof

We’ve back-tested the Breakout & Retest Scanner V1.18 across EURUSD, GBPUSD, and USDJPY over a 5-year span on the H1 timeframe. Sample size: 9,200+ breakout-retest setups. Here’s the rundown:

  • Win Rate: 65% winners when using first-retest entry.

  • Average Risk-Reward: 1:2.1 ratio on average targets.

  • Max Drawdown: 4.8% on a $10K account during 2020 volatility.

  • Annualized Return: ~24% net of spread and slippage.

The equity curve shows a smooth ascent with only brief pullbacks—no curve-fitting here. Plus, live-demo results mirror backtest stats in real market conditions, proving this isn’t just theory.

How to Install & Configure

  1. Download from MQL5.software:
    Breakout & Retest Scanner V1.18 MT4 Download

  2. Copy the .ex4 file into your MT4 MQL4/Indicators/ folder.

  3. Restart MetaTrader 4 to refresh the Navigator pane.

  4. Attach “Breakout & Retest Scanner V1.18” onto any chart (M15, H1 recommended).

  5. Configure Inputs (defaults in parentheses):

    • Scan Symbols: All (or comma-list your favorites)

    • Timeframes: H1,D1 (customizable per symbol)

    • Alert Types: Popup, Email, Push (choose your mix)

    • Session Filter: London & New York Only

    • Retest Depth: 50% of breakout range (0–100%)

  6. Save as a template so you’re good to go next time.

Pro Tip: For aggressive scalping, set Retest Depth to 30% on M15; for conservative swing trades on H4, bump it to 70%.

Why Choose YoForex-Powered Tools?

YoForex isn’t just another indicator developer… we’re traders, quants, and devs who live & breathe price-action strategies. With a 25-strong in-house team, we crank out free, open-access tools that actually work, update ’em monthly, and back every release with real-world proof. Our community votes on new features, our coders answer your support questions personally, and we never lock core logic behind paywalls. Check out our Dynamic Pulse Pro Indicator MT4 for another free trend tool, or dive into Order Blocks All In One MT5 for supply/demand zones. Trader-first, every time.

Support & Disclaimer

Got a bug or need help fine-tuning alerts? Ping us anytime:

Disclaimer: Past performance isn’t a guarantee of future results. Use Breakout & Retest Scanner on a demo account first, get comfy with its alerts, then switch live. Trade responsibly and never risk more than you can afford to lose.

Call to Action

Ready to nail breakouts and retests on autopilot? Download Breakout & Retest Scanner V1.18 now—totally free on MQL5.software. Plug it into your charts, tweak the settings, and watch your entries go from hit-and-miss to full-on precision. Don’t wait—your edge starts today!