The MFM BreakOut Forex Software is a unique Forex trading tool that tracks and analyzes currency movements based on specific indicators. Its key feature is the ability to detect breakouts after a predetermined number of candles of the same sign, followed by a candle moving in the opposite direction.
This Forex Software is designed to provide traders with a clear, strategic advantage in the highly volatile Forex market by helping them to identify potential trading opportunities based on the breakout pattern.
Key Parameters of the MFM BreakOut Software
The MFM BreakOut Forex Software operates based on several specific parameters. These include:
1. BARS TO SHOW: This parameter refers to the number of bars the indicator displays on the chart. With ‘0’ input, the software will show all bars.
2. Consecutive Bars for Breakout: This parameter defines the number of bars moving in the same direction that are necessary before a breakout is considered valid.
3. Minimum Point between High/Low (H/L): To consider a bar valid, it must have a minimum High/Low value.
4. Minimum Point between Open/Close (O/C): Similarly, for a bar to be considered valid, it needs to have a minimum Open/Close value.
The software’s graphics are self-explanatory, making it easy for users to understand and interpret the data presented.
Real Results: MFM BreakOut in Action
Traders seeking an unbiased review and real results of the MFM BreakOut Forex Software can find independent testing of this product on the forexroboteasy.com website. Subscriptions for updates on the results of testing this product are also available.
Share Your Experience
Users of the MFM BreakOut Forex Software are encouraged to share their experiences and outcomes. These firsthand accounts add to the body of knowledge and understanding of this Forex trading tool.
Conclusion
As an independent review, this article provides an unbiased assessment of the MFM BreakOut Forex Software. It underscores the software’s unique capabilities and features, providing traders with the tools to navigate the Forex market effectively. The software’s parameters, while technical in nature, are designed to offer clear insights, making currency trading more accessible and potentially more profitable.
FAQs
What is the MFM BreakOut Forex Software?
The MFM BreakOut Forex Software is a Forex trading tool designed to identify potential trading opportunities based on specific breakout patterns.
What are the key parameters of the MFM BreakOut Software?
The software operates based on several parameters including BARS TO SHOW, Consecutive Bars for Breakout, Minimum Point between High/Low (H/L), and Minimum Point between Open/Close (O/C).
Where can I find independent testing results of the MFM BreakOut Forex Software?
Independent testing results of the MFM BreakOut Forex Software can be found on the forexroboteasy.com website.
Can I share my own experience of using the MFM BreakOut Forex Software?
Yes, users are encouraged to share their experiences and outcomes of using the software.
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