PipFinite Breakout EDGE Review: A Detailed Look at This Powerful Trading Indicator

PipFinite Breakout EDGE is a technical indicator for the MetaTrader 4 and 5 trading platforms that helps traders identify high-probability breakout opportunities in the forex market. Developed by expert trader Karlo Wilson Vendiola, Breakout EDGE aims to detect profitable breakout setups early, allowing traders to get in at the start of major market moves.

In this detailed review, we’ll take an in-depth look at how Breakout EDGE works, its main features and benefits, as well as any potential drawbacks. We’ll also provide some tips on how to get the most out of this indicator and share some real user reviews.

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Overview: How PipFinite Breakout EDGE Works

PipFinite Breakout EDGE is based on a rules-based breakout strategy that identifies certain price action patterns that tend to precede strong directional moves in the market.

The indicator continually scans the price chart, looking for specific candlestick formations that match its built-in algorithm. When the indicator detects a high-probability breakout setup, it will alert the trader with an arrow pointing in the direction of the expected breakout.

Some of the key pattern types that Breakout EDGE looks for include:

  • Inside bar breakouts
  • False breakout reversals
  • Channels and trendline breaks
  • Flag and pennant continuations

The indicator has been optimized to work effectively across all timeframes, from 1-minute charts up to the daily timeframe. It can also be used with all currency pairs, though some pairs tend to produce better quality breakout signals than others.

Once a trade is entered based on a Breakout EDGE signal, the indicator continues to track the trade and can plot optimal stop loss and take profit levels. It will also show statistics on the historical win rate and reward/risk ratio for that particular signal pattern.

Overall, Breakout EDGE aims to eliminate guesswork and provide high-probability signals that allow traders to capitalize on imminent breakouts with confidence.

Key Features and Benefits

Some of the standout features of PipFinite Breakout EDGE include:

Proven and Tested Breakout Strategy

  • The underlying algorithm behind Breakout EDGE is based on a thoroughly backtested strategy for identifying profitable breakout setups. It looks for specific price action patterns with a historical edge.

Real-Time Statistics on Each Signal

  • One of the indicator’s most useful features is that it shows real-time stats on each new signal, including the historical win rate, average profit, and reward/risk ratio. This allows you to focus only on the highest probability signals.

Automated Entry, SL and TP Levels

  • Breakout EDGE plots optimal entry points when a signal occurs. It will also project the ideal stop loss and take profit levels based on recent volatility. This takes the guesswork out of trade management.

Works Across All Timeframes

  • The indicator can be used effectively on 1-minute, 5-minute, 1-hour, 4-hour and daily charts. The algorithm is optimized for breakout trading across all timeframes.

Trades All Currency Pairs

  • While some pairs produce higher probability signals, Breakout EDGE can trade any forex pair with success. Its flexible algorithm works across all 28 major and minor pairs.

Customizable Alerts and Notifications

  • You can configure Breakout EDGE to produce pop-up, email or push notification alerts so you never miss a signal. Audio alerts are also available.

No Repainting or Lagging

  • The indicator plots signals in real-time with no repainting. The algorithm will not recalculate past signals once new price data comes in. This avoids the problem of lagging indicators.

Free Breakout Scanner Included

  • A free Breakout Scanner is included that continuously scans all currency pairs and timeframes for high-probability Breakout EDGE signals. This allows you to catch signals you would otherwise miss.

Overall, these features make PipFinite Breakout EDGE a very powerful tool for breakout traders. The indicator eliminates discretion by providing statistics-backed signals with defined entry, stop loss and take profit levels.

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Using Breakout EDGE Effectively

To get the most out of Breakout EDGE, there are some best practices traders should follow:

  • Stick to High Probability Signals – Focus only on signals with a high historical win rate and reward/risk ratio above 1.5. These are the setups with a proven edge.
  • Use Confirmation Filters – Consider adding filters like price action or momentum oscillators to confirm Breakout EDGE signals. This can improve accuracy further.
  • Manage Risk – Use proper risk management on every trade. Breakout EDGE provides stop loss levels, but position size based on a % of capital.
  • Stay Objective – Don’t override signals because of emotions or bias. Follow the indicator’s statistics and trade objectively.
  • Be Patient – Wait for high probability signals to occur. Breakout EDGE works best when you wait for ideal conditions matching its algorithm.
  • Use Multiple Timeframes – While the indicator can be used on any timeframe, consider combining signals from short and longer-term charts for added confirmation.

Following these tips, being disciplined, and trading Breakout EDGE signals objectively can significantly improve a trader’s market timing and profitability.

Potential Weaknesses

While Breakout EDGE has many strengths, there are a couple potential weaknesses to consider:

  • Requires Solid Understanding of Breakouts – To use Breakout EDGE successfully, you need a good foundation in breakout theory and price action analysis. Beginners may find it difficult to trade well.
  • Works Best on Major Pairs – Though it can trade all pairs, the algorithm is optimized for the majors (EURUSD, GBPUSD, etc) and a few other major crosses. Performance may suffer on exotic pairs.
  • Can Lag During Ranges – Like all breakout systems, performance tends to decline during prolonged ranging markets. More false signals may occur during low volatility periods.

However, despite these limitations, Breakout EDGE still performs very well across all market conditions. And the indicator provides key statistics on each signal to help filter out lower probability setups.

Real User Reviews

PipFinite Breakout EDGE currently has over 600 5-star reviews on MQL5.com Market. Here are a few examples of real user experiences:

*”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.


Overall, PipFinite Breakout EDGE is a highly useful indicator for breakout traders, providing high-probability signals based on a proven edge. Its statistics-based alerts allow traders to focus only on setups with a strong historical performance.

The indicator eliminates much of the discretion involved in trading breakouts by projecting entry levels, stop losses, and take profits. This helps traders execute the strategy flawlessly.

While no indicator can guarantee wins, Breakout EDGE stacks the odds significantly in the trader’s favor. Its real-time win rate and risk/reward metrics allow traders to cherry pick only the best setups.

For traders struggling to profit from breakouts, PipFinite Breakout EDGE for MT4 and MT5 platforms is worth testing. It provides the structure, statistics, and parameters to trade breakouts successfully. Just be sure to manage risk on all trades and use proper confirmation tools to filter signals further.

Overall, Breakout EDGE is one of the most powerful breakout tools available today. Its robust algorithm optimizes entries and exits based on real historical performance. By following its signals objectively, traders can capitalize on high-probability breakouts time and time again.

Author: Dominic Walsh

I am a highly regarded trader, author & coach with over 16 years of experience trading financial markets. Today I am recognized by many as a forex strategy developer. After starting blogging in 2014, I became one of the world's most widely followed forex trading coaches, with a monthly readership of more than 40,000 traders! Make sure to follow me on social media: Instagram | Facebook | Youtube| Twitter | Pinterest | Medium | Quora | Reddit | Telegram Channel

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