The Order Block Breaker Indicator for MT4 is a useful tool for forex traders looking to identify potential price reversal points in the market. This popular indicator is free to download and can be easily installed on the Metatrader 4 platform. The indicator works by identifying key order blocks on the chart, which are areas where significant buying or selling activity has taken place. When price approaches these order blocks, the indicator will alert the trader to potential reversal opportunities. Traders can use the Order Block Breaker Indicator to help confirm their trading decisions and spot potential entry and exit points. By paying attention to these key levels on the chart, traders can increase their chances of making profitable trades in the forex market.
MT4
Order Block Breaker
Order Block Breaker Indicator for MT4 is a popular and useful tool in the forex market. It helps traders identify order blocks and potential breakouts, improving trading decisions. This free indicator works by scanning price action to spot key levels where institutional traders place orders. Traders can use this information to enter or exit trades with confidence.
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How to Install
How install MT4/5 indicator in the terminal?
To install an MT4/5 indicator in the terminal, follow these steps:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.
Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.
And if asks to confirm DLL?
If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.
DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.
If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.
It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.
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