Session-Based Liquidity Breakout Strategy
Info
The Session-Based Liquidity Breakout Strategy is a Indicator for MetaTrader 5 that session focusasian range (1:00 am – 5:00 am gmt)trigger timelondon or new york session openentry level60% (0. 6) Fibonacci RetracementStop LossBelow 80% (0.
Usage
This tool is typically used for breakout trading when price moves beyond key support/resistance levels.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Session-Based Liquidity Breakout Strategy
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
Session FocusAsian Range (1:00 AM – 5:00 AM GMT)Trigger TimeLondon or New York Session OpenEntry Level60% (0.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Draw On Liquidity and Kill Zones Indicator - another powerful indicator for MetaTrader 5 traders.
Session FocusAsian Range (1:00 AM – 5:00 AM GMT)
Also recommended: k-means machine learning for liquidity clusters - similar indicator with strong performance on MetaTrader 5.
Trigger Time
London or New York Session Open
Entry Level
60% (0.6) Fibonacci Retracement
Stop Loss
Below 80% (0.8) Fibonacci Level
Target Profit
5x Risk (1:5 RR)
Source Code
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "1.10"
#property indicator_chart_window
#property indicator_buffers 0
#property indicator_plots 0
input group "--- Asian Range Settings (GMT) ---"
input int InpAsianStartHour = 1;
input int InpAsianEndHour = 5;
input group "--- Session Trade Settings ---".......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.