29# Triangle Breakouts Forex Trading System

Submit by joy22 03/12/2012


Triangle’ formation: It’s called a triangle because when you draw the support and resistance lines, you get the shape of a triangle…


Triangle Breakout Metatrader Indicator

Triangle Breakout Metatrader Indicator
Triangle Breakout Metatrader Indicator is pattern formation indicator.
compressed file archive 24.1 KB

For there to be a valid triangle formation, prices must hit the support and resistance lines at least 4 times.


In this example, we see that prices actually hit the support and resistance lines 5 times.

All right, back to analyzing the triangle…


Can you see how prices fluctuated less and less over time inside the triangle?

This indicates a buildup of pressure, much like in the metal spring example I mentioned earlier.

And when either the resistance or support level is broken, prices will shoot out in the direction of the break. That’s it. Pretty simple, huh?

*Warning*: You have to be careful about where you place your stop orders when you trade on these ‘explosions’. After support/resistance is broken, prices will occasionally fall back a little before continuing in the direction of the break.

In the above example, we see that prices did fall back ‘into the triangle’ temporarily, before continuing with the uptrend. Many traders’ stop loss orders would have been triggered there, since most people like to place their stop orders just above or below support/resistance lines. If you’re trading on a triangle ‘explosion’, make sure your stop loss allowances are not too tight!


Comments: 7
  • #7

    Lazarus (Friday, 29 September 2023 17:35)

    Kindly share the Triangle breakouts files.
    Send to Lazarusj@live.co.za

  • #6

    Beshoy George (Saturday, 23 October 2021 19:54)

    thx in advance

  • #5

    Phelelani (Thursday, 10 September 2020 14:14)

    Hi Please kindly share the files.


    Thank you

  • #4

    Reza (Sunday, 06 September 2020 13:43)

    i like triangle indicator

  • #3

    Phumudzo (Sunday, 02 September 2018 12:31)

    How do I download and install?

  • #2

    Domenico (Tuesday, 09 May 2017 01:34)

    the signals of the triangle are very clear.
    Thanks for sharing.

  • #1

    Gábor Deli (Friday, 26 June 2015 08:10)

    Now I downloaded. I really like it. Easy and give clear signals. Nice work!