What is the Order Block Breaker Indicator for MT4?

The Order Block Breaker Indicator (OBBI) is a technical analysis indicator used to identify overbought and oversold conditions in the market. It’s designed to help traders identify when a security or commodity is about to experience significant price volatility, which can lead to profitable trades. The OBBI calculates the percentage of total buy orders more significantly than the complete sell orders. When this ratio reaches an extreme level, it signals that there might be potential profit opportunities in either direction based on current market conditions.

Order Block Breaker Indicator

Download Free Order Block Breaker Indicator

How to use the Order Block Breaker Indicator for MT4?

To use the OBBI, open MT4 and click on the “Indicators” tab at the top of your screen. Then, select the “Order Block breaker indicator.” You will see two graphs next to each other: one showing order activity on Binanthe ce exchange and another on the HitBTC exchange. To set up how often you want to refresh these graphs, enter a frequency value below them in the “Refresh rate” field.

Order Block Breaker Indicator MT4 trading settings

Forex order block breaker indicator (OBBI) is a technical analysis tool that uses custom indicators to identify breaking trends and signals for entry into or exit from forex trades. OBBI can be used alongside other technical analysis tools, such as the moving average convergence/divergence (MACD), relative strength index (RSI), Bollinger Bands, Fibonacci retracements, trendlines, and support levels.

You should adjust three main settings when using OBBI: filter length, signal intensity, and trade duration.

Filter length determines how many bars must pass before generating a new signal. The shorter the filter length, the more frequent signs develop and the more volatile the market. If you’re concerned about getting overwhelmed with too many calls at a time, then set your filter length to 4 bars or longer.

Signal intensity adjusts how strong each signal is. A weak signal will generate only if there’s been an abrupt change in price action; a more robust call may generate multiple times during the trading day, depending on its salience level. (For example, setting Signal Intensity to “High” may cause your system to send numerous buy orders when prices reach specific highs.)

Trade Duration sets the number of seconds between each trade execution. You should consider increasing this time frame if you’re seeking greater accuracy but experiencing less volatility because it allows your system time to react appropriately to changes in price action. (For example: setting Trade Duration to “1 Minute” may cause your system to automatically enter a trade when prices reach the designated level, but would not allow for any slippage).

Order Block Breaker Indicator Advantages

Forex Order Block Breaker Indicator is a unique and innovative technical tool that can help you identify high-probability forex reversal patterns. It uses volume indicators to determine buy or sell orders placed outside the usual trading range, indicating possible market weakness. Using this indicator, you can more easily decide when to enter or exit the market to take advantage of potential opportunities.

Here are some advantages of using the Forex Order Block Breaker Indicator:

– It helps you increase your profits by identifying high-probability forex reversals early in the trade.

– It provides insight into how strong the current trend is so that you can make better trading decisions based on this information.

– You can use it as a planning tool – knowing which markets to focus your attention on will give you an edge over your competition.

Order Block Breaker Indicator Disadvantages

There are a few potential disadvantages to using the Forex Order Block Breaker Indicator. First and foremost, this strategy is vulnerable to what’s called ‘arbitrage.’ That means that if the market moves in one direction, investors may buy or sell forex orders based on that move rather than follow their original trading plan. This can quickly lead to losses.

Secondly, this indicator relies heavily on price action – which can be unpredictable and volatile. If prices move in a direction you disagree with (and often won’t), your orders might not fill or even cancel. This could lead to significant losses down the line.

Finally, there is always the risk of human error – making assumptions about future price movements or entering trades without proper research. If you’re uncomfortable with taking risks, this strategy may be for someone else!

OBB Indicator installation on MT4

To install an Order Block Breaker Indicator on the MetaTrader 4 (MT4) platform, you will need to follow these steps:

  1. Download the Order Block Breaker Indicator file in the “.ex4” format.
  2. Open the MT4 platform, navigate to the “File” menu, and select “Open Data Folder.”
  3. In the data folder, navigate to the “MQL4” folder, then the “Indicators” folder.
  4. Copy the Order Block Breaker Indicator file and paste it into the “Indicators” folder.
  5. Close the MT4 platform and reopen it.
  6. Navigate to the “Navigator” tab at the sateen’s bottom.
  7. Click the “Expert Advisors” button, select “Indicators,” and see the Order Block Breaker Indicator listed.
  8. Drag and drop the indicator onto the chart or click on the “Insert” menu, then “Indicators,” and select the indicator from the list.

The steps may vary slightly depending on the version of MT4 you are using. Also, as Order Block Breaker Indicator is not a standard indicator on MT4, it’s better to check with the vendor or developer on how to install it. Also, please ensure that the indhandtches your MT4 version before installing it.

Order Block Breaker Indicator mt4

Order Block Breaker Indicator mt4 free download


Order Block Breaker Indicator is a powerful and easy-to-use indicator that helps traders identify potential opportunities in the market. By using this indicator, you can help reduce risk and make more informed trading decisions.

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 | Linkedin | Youtube| Twitter | Pinterest | Medium | Telegram Channel | Quora | Reddit

Leave a Comment