Order Block Trading Indicator MT4 (Update 6/08)- Free Download

Order Block Trading Indicator Review

In the dynamic world of forex trading, where every second counts, having the right tools at your disposal can make all the difference between success and failure. One such powerful tool that has been garnering attention is the Order Block Trading Indicator. Designed to detect breaks of structure, mark order blocks, and provide crucial entry and exit points, this indicator is revolutionizing the way traders navigate the markets.

Understanding the Order Block Trading Indicator

The Order Block Trading Indicator is a sophisticated trading tool that offers a plethora of features to enhance your trading experience. From detecting break of structures to identifying order blocks and drawing entry, stop, and risk-to-reward lines, this indicator provides comprehensive insights into market movements. With the ability to manually set trends and filter signals, traders have greater control over their trading decisions.

Technical Specifications

Version: 5.7
Year of issue: 2024
Working pairs: Any
Recommended timeframe: Any
Minimum Deposit: $200
Average of account: 1:30 To 1:1000

Best Brokers List

Order Block Trading Indicator works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:

BROKER NAME	REGISTER	Year Founded	Headquartered	Leverage	Minimum Deposit	Regulating
	Register	2007	🇦🇺 Australia 🇨🇾 Cyprus 🇧🇸 The Bahamas 🇸🇿 Seychelles	1:1000	$200	ASIC, SCB, FSA
	Register	2008	🇨🇾 Cyprus	1:Unlimited	$10	CySEC, FCA, FSCA, FSA, BVI
	Register	2009	🇧🇿 Belize	1:2000	$10	FSC
	Register	2009	🇧🇿 Belize	1:3000	$1	IFCS
	Register	2009	🇨🇾 Cyprus 🇦🇺 Australia 🇧🇿 Belize 🇦🇪 Emirates	1:1000	$5	ASIC, CySEC , IFSC
	Register	2010	🇦🇺 Australia	1:500	$200	FCA , ASIC, DFSA
	Register	2011	🇬🇧 England	1:500	$25	CySEC
	Register	2006	🇪🇭 Ireland	1:400	$100	CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA

Order Block Trading Indicator Settings

Indicator Buttons:

Click on the Button to change the status

1. Button 1 - 4 states

• Enabled - indictor is enabled
• Trend Up - Up trend filter enabled
• Trend Dn – Down trend filter enabled
• Disabled – Indicator disabled

2. Button 2   OB - 2 states

• OB enable - show OB’s
• OB + show invalidated OB’s
• OB disabled

3. Button 3  BoS – 2 states

• BoS Enable – show Bos
• BoS disable

4. Button 4 OB RR – 2 states

• OB RR enable – show RR when current price touch OB
• OB RR disabled

5. Button 5 POI     - 10 states

• State 0 - Disable POI
• State 1 to 9 - Show POI for the time frames setup under options

6. Button 6 FVG / Imbalance – 2 or 11 states depend on 2^nd function button state

• State 0 – Disable FVG
• State 1 to 9 - Show FVG for the time frames setup under options
• State 10 – Show FVG / Imbalance for the current chart time frame
• FVG + show previous FVG

7. Button 7– Volume Imbalance - 2 or 11 states depend on 2^nd function button state

• Vol. Imb. Enable – show Volume Imbalance
• Vol. Imb + show previous Vol. Imb
• Vol. Imb. disable

8. Button 8  Gab’s – 2 states

• Gap Enable – show Gaps
• Gap disables

9. Button 9  Equal HL – 2 or 11 states depend on 2^nd function button state

• Equal HL Enable – show Equal High and Low’s
• Equal HL disables

10. Button 10  Liquidity – 5 states

• Liquidity Enable – show Liquidity on the chart
• Liquidity Enable – show Liquidity on the right side of the chart
• Daily + Weekly Open for chart time and NY time
• Show NY Day start time
• Liquidity disables

11. Button 11  Sessions - 5 states

• Session – show Sessions
• Kill zones – show Kill zone sessions
• Silver Bullet - show Silver Bullet sessions
• Both Kill zones + Silver Bullet
• Sessions disables

12. Button 12  Price Levels - 6 states

• Price OB – show OB price levels next to OB
• Price POI – show POI price levels next to POI
• Price FVG / IMB – show FVG / IMB price levels next to FVG / IMB
• Price Liq – show Liquidity price levels next to liquidity
• Price All – show OB, POI , FVG / IMB and Liquidity price levels
• Price Levels disables

13. Button 13  P + D  - 10 states ( Premium and Discount )

• State 0 – Disable P + D
• State 1 to 9 - Show P + D for the time frames setup under options

See also  CandlPips Traders - Free Edition

.   Button 14    -  Take a Screenshot of current chart and save it
.   Button 15        -  Change location of Menu Bar
. Button 16        -   Hide Menu Bar
.   Button 17      -  Second function button On.   Enable all timeframes for FVG , Vol Imb and EQ H/L buttons .  buttons have more states

Order Block Trading Indicator In Action

Key Features and Functionality

• Break of Structure (BoS): Easily detect breaks of structure with the option to toggle this feature on or off.
• Order Block (OB): Identify order blocks swiftly by activating or deactivating this feature.
• Higher Time Frame Order Block/Point of Interest (POI): Access multi-time frame analysis to pinpoint significant levels of interest.
• Fair Value Gap (FVG)/Imbalance: Analyze fair value gaps and imbalances across different time frames for a holistic view of market dynamics.
• Volume Imbalance: Stay ahead of the curve by monitoring volume imbalances with the option to enable or disable this feature.
• Gap Analysis: Toggle on or off the ability to detect and analyze gaps in the market.
• Equal Highs/Lows: Identify equal highs and lows effortlessly with the push of a button.
• Liquidity Analysis: Gain insights into liquidity levels and their impact on price movements.
• Session Analysis: Select specific trading sessions such as Asian, London, and NY sessions for targeted analysis.
• Kill Zone Identification: Pinpoint optimal trading zones for increased precision in your entries and exits.
• Daily, Weekly, and Monthly Highs/Lows: Keep track of key support and resistance levels across different time frames.
• Alerts: Stay informed with real-time alerts for break of structure, new order block formations, and crucial touchpoints.

Advantages of Using the Order Block Trading Indicator

1. Enhanced Market Understanding: With features like break of structure and order block detection, traders gain deeper insights into market dynamics, enabling more informed trading decisions.
2. Precise Entry and Exit Points: The indicator's ability to draw entry, stop, and risk-to-reward lines facilitates precise entry and exit points, optimizing trade management.
3. Multi-Time Frame Analysis: Accessing higher time frame order blocks and points of interest allows traders to align their trades with broader market trends, increasing the probability of success.
4. Customizable Alerts: Real-time alerts keep traders updated on critical market developments, ensuring they never miss lucrative opportunities.

Disadvantages and Considerations

1. Learning Curve: Mastering the intricacies of the Order Block Trading Indicator may require time and effort, especially for novice traders.
2. Overreliance: Depending solely on the indicator without considering other market factors could lead to suboptimal trading outcomes.
3. Technical Issues: Like any software-based tool, the indicator may encounter technical glitches or compatibility issues with certain trading platforms.

Conclusion

The Order Block Trading Indicator represents a paradigm shift in forex trading, offering traders a comprehensive toolkit to navigate the complexities of the market with confidence. By leveraging its advanced features and functionality, traders can gain a competitive edge and unlock new opportunities for profitable trading. However, it's essential to approach its usage judiciously, combining its insights with sound trading strategies and risk management principles for sustainable success in the forex arena.

Download Order Block Trading Indicator

Please try for at least a week an ICMarket demo account. Also, familiarize yourself with and understand how this free forex Tool works before using it on a live account.