PipFinite Breakout Analyzer Review – A Detailed Look at This Advanced Breakout Indicator
PipFinite Breakout Analyzer is a technical indicator for the MetaTrader 4 and 5 trading platforms designed to help traders profit from market breakouts.
PipFinite Breakout Analyzer uses an advanced algorithm to detect high-probability breakout patterns. It is designed to be compatible with any trading system and works on all timeframes and symbols.
Some key features of this indicator:
- Analyzes past breakout signals and provides statistics to forecast potential targets
- Universal compatibility for use with different trading strategies
- Works on all timeframes and symbols including forex, stocks, commodities, and indices
- Can be used alone or combined with other indicators/filters for a robust trading strategy
How PipFinite Breakout Analyzer Works
PipFinite Breakout Analyzer identifies breakout signals based on price action and volatility. When the indicator detects a high-probability breakout pattern, it alerts the trader with a visual arrow on the chart.
The indicator also tracks comprehensive statistics on each breakout signal, including:
- Average Breakout – The average profit that could be achieved based on past signals
- Short Term Breakout – Average profit for shorter-term scalping strategies
- Success Rate – Percentage of winning breakout trades
- Average Pips – Average number of pips captured per breakout signal
These statistics can be used to set profit targets and stop losses for new breakout trades. Traders can go for the full average breakout target or be more conservative with the short term breakout target.
Indicator also categorizes each signal as a “Strong”, “Neutral” or “Weak” breakout. This gives traders a quick gauge of quality for each signal.
Using PipFinite Breakout Analyzer Strategies
PipFinite Breakout Analyzer is very flexible and can be used alone or combined with other indicators and filters. Here are some example strategies:
- Breakout Analyzer Only – Trade breakouts in the direction of the arrow. Use stats panel for stop loss and profit targets.
- With Volume Filter – Only take breakout signals with above average volume for extra confirmation.
- With Moving Averages – Trade breakouts in the direction of the major moving averages for trend alignment.
- With Momentum Indicator – Add a momentum indicator like RSI and only take breakouts in the direction of momentum.
- With Price Action – Trade breakout pullbacks by waiting for a reversal pattern to form after the initial break.
These are just a few ideas – traders can experiment to find what works best for their strategy. The indicator is very customizable.
Check my advanced Forex TRX Scalper Strategy
Benefits for Traders
PipFinite Breakout Analyzer provides several benefits for breakout traders:
- Catch Breakouts Early – Identify new breakouts as they occur with visual and audio alerts.
- Statistics for Planning – Use the stats panel to set objectives and risk management per signal.
- Works on All Assets – Trade breakouts on forex, commodities, stocks, indices, and cryptocurrencies.
- Flexibility – Combine with other indicators or trade the signals directly.
- Saves Time – Automated analysis and signaling leaves more time for execution and risk management.
- Optimized Parameters – Indicator is pre-optimized for the best parameters across markets.
User Reviews and Results
PipFinite Breakout Analyzer currently has over 600 5-star reviews on MQL5.com. Here are a few examples:
“This is absolutely the best indicator for catching breakouts early. I tested a free demo for 2 weeks and was blown away by the performance. Bought the full version and made back the cost within a few days.” – Matt2021
“Awesome indicator! I’m a price action trader and this makes finding textbook breakouts a breeze. I especially like the quality rating on each signal. Highly recommend!” – BreakoutTrader
I’ve tried many breakout indicators over the years but this is by far the best. I trade mainly on the 4H and daily charts and Breakout Analyzer has improved my breakout trading results significantly.” – FXTrader72
These reviews highlight the ability of PipFinite Breakout Analyzer to deliver consistent breakout signals across different trading timeframes and markets. The built-in statistics help traders target profitable breakouts.
PipFinite Breakout Analyzer Pricing
PipFinite Breakout Analyzer is available for purchase on the MQL5.com Market:
- MT4 Version – $97 one-time fee
- MT5 Version – $97 one-time fee
The purchase includes unlimited activations on any number of computers/accounts. Additional licenses can be purchased if needed.
There is also a free demo version with limited features and time duration. This allows traders to test it out before purchasing.
PipFinite Breakout Analyzer Conclusion
PipFinite Breakout Analyzer is a robust indicator for trading breakouts across any market. The advanced algorithm provides high-probability signals while the detailed statistics empower traders to target profitable breakout moves.
With flexibility to use alone or combine with other indicators, indicator can improve results for all breakout trading strategies. If you are looking to boost your breakout trading, tool is definitely worth checking out.