This ppt describes how forex traders can use Metatrader 4 trading platform to automate trading breakout patterns. Trendline EA software assists by automating trade entry and exit when the breakout happen.

1. Forex Trendline BreakEA For MT4

2. • Forex breakout Strategy is an excellent and
extremely popular way of spotting major
market moves in their earliest moments.
• There are many different theories to trade
Forex and one of the safest and most reliable
methods is trading technical chartbreakout
patterns.

3. At some point a currency pair will slow down on its
overall trend, this is known as consolidation of a price.

4. • This motion of consolidation when viewed in
chart format can take the appearance of
triangles, wedges, flags, pennants or rectangle
channels being formed, it is the breakout
strategy of these triangles that traders can
look forward to trade breakouts.

5. Over the years, technology has advanced but
sadly most Forex breakout strategies have not.

6. • Today, if you're still drawing
support/resistance lines and simple trendlines
to form wedges, triangles and the like to
identify your breakout setups, then it's no
wonder that your Forex breakout strategies
are not working.

7. • Simple lines are no longer sufficient to give you a
big edge in breakout trading, especially in the
ultra fast moving arena of Forex market.
• Breakout happened fast and furious. By drawing
simple trendline on the charts provides only a
visual note to trader.
• However, it provides no value to overall trading
performance because no trade entry or exit was
made at the instance of trendline break.

8. • True breakout takes awhile to happen and is hard
to come by, so this genuine signal cannot be
missed. It requires constant monitoring of market
to ensure that this trade signal will result in a
trade entered in the intended direction.
• In order to trade forex breakout strategy,
breakout traders have started to make use of
technology to automate part of the market
monitoring work to software like trendline break
EA commonly known in the MT4 community.

9. • These smart tools can effectively recognize a
breakout patterns first identified by the
traders. Then, it is tasked to monitor the
market on the trader’s behalf.
• Once breakout pattern is confirmed by way of
trendline breaks, the EA will then execute
trade entry and exit from the traders’ trading
system.

10. • The key to success with Forex breakout strategies
is in recognizing that breakouts don't happen
after every consolidation. There is only one
reason why there are breakouts in Forex, and
that's when trades are piling into the markets one
after the other.
• This can be as a result of high impact news
releases, such as the non farm payrolls or interest
rate announcements, or in periods following
market opens.

11. • In order to filter off unwanted breakout patterns
that make us lose money, we can introduce a few
indicators into our breakout strategy so as to
reduce the number of trades which result in false
breakout.
• We only want the best breakout signals. Forex
geometry system is a good trendline EA for
trading breakouts in MT4 that allow traders to
select any MT4 standard indicators to acts as a
filter.

12. • If we introduce ADX into our breakout strategy, my
personal use on this indicator is to introduce an ADX
rule that in order for breakout to be genuine, the ADX
values must be below 15. ADX 15 tells us that market is
in very tight range and consolidated for a while.
• Introducing this ADX will ensure that all trendline break
signals which has a ADX value of 15 and above will be
ignore by the EA. Only when the ADX rules applies
together with trendline break will then result in a trade
entry made by EA.

13. Anyone who is new to trading forex and
wants to get started with a time-tested and
proven strategy.

14. • Next, he must learn to make use of trend line
EA or similar software to ensure that he has
the edge in executing trades that are of high
quality and fast reaction entry upon genuine
chart breakout patterns.

15. About the Author
• Warren Seah is the author of the book titled
‘How to be a Currency Trader’ found on the
Amazon Kindle Market. He has built a forex
software brand called Flagforex which has over
400 satisfied customers.
• He personally has been developing forex software
that serves to automate forex traders strategy
plans thereby, freeing up their time to monitor
the market. For more information on working
with trendline ea on MT4, head to this url now:

16. • http://www.ForexGeometry.com