The FirstStrike MT4 Indicator is a price-action-based tool designed to help traders identify breakout opportunities at the start of the trading day. It focuses on a simple concept: capturing early momentum by analyzing the range between high and low prices during a specific time window, typically from the London open. Plotting potential breakout levels above and below this range gives traders a visual guide to where price might make its next big move.

Why FirstStrike Stands Out

Unlike many complicated indicators filled with confusing signals, the FirstStrike MT4 Indicator keeps things clear and to the point. It draws horizontal lines to highlight the highs and lows of the defined time range and suggests trade zones based on those levels. This simplicity makes it a favorite for both beginner and experienced traders who prefer clean charts and clear signals. Plus, it doesn’t repaint or shift levels, helping build confidence in your entries.

How It Helps with Trading Decisions

With FirstStrike, traders can set pending orders at breakout levels, aiming to catch the momentum when the price moves outside the marked zone. This approach works well in trending markets, especially during the early hours of major sessions like London. It helps reduce emotional trading and keeps the plan rule-based. Combine it with proper risk management, and you’ve got a strategy that balances simplicity with effectiveness.

Flexibility and Customization

Another strength of the FirstStrike Indicator is how flexible it is. Traders can adjust the session times, buffer zones, and line colors to match their personal preferences or trading style. Whether someone trades EUR/USD, GBP/JPY, or any other major pair, the indicator adapts easily. It also fits well with other tools, such as support/resistance levels or moving averages, making it a handy addition to most trading setups.

How to Trade with FirstStrike MT4 Indicator

Buy Entry

• Wait for the daily range box (usually based on the London session opening range) to form.
• Place a buy stop order a few pips above the high of the range box.
• Make sure there’s enough room for price to move before hitting resistance levels.
• Confirm the breakout with strong bullish candles or volume (optional for confirmation).
• Set stop loss a few pips below the low of the range.
• Set a fixed take profit target or trail your stop as the price moves in your favor.

Sell Entry

• Wait for the daily range box to be drawn by the indicator.
• Place a sell stop order a few pips below the low of the range box.
• Check for open space below the breakout to avoid immediate support levels.
• Confirm with bearish candle formation or momentum indicators if needed.
• Set stop loss a few pips above the high of the range.
• Use a fixed take profit target or a trailing stop for better risk management.

Conclusion

The FirstStrike MT4 Indicator offers a simple but powerful way to spot breakout trades early in the session. It’s perfect for traders who want clear entry points without the noise of overly complex systems. By combining daily price action with breakout logic, it helps traders approach the market with more confidence and less confusion. Whether you’re just starting or looking to add a reliable tool to your strategy, FirstStrike is worth a closer look.

Recommended MT4/MT5 Broker

XM Broker

• Free $50 To Start Trading Instantly! (Withdraw-able Profit)
• Deposit Bonus up to $5,000
• Unlimited Loyalty Program
• Award Winning Forex Broker
• Additional Exclusive Bonuses Throughout The Year
• Exclusive 50% Cash Rebates for all Trades!

>> Sign Up for XM Broker Account here with Exclusive 50% Cash Rebates For All Future Trades [Use This Special Invitation Link]  <<

Already an XM client but missing out on cashback? Open New Real Account and Enter this Partner Code: 𝟕𝐖𝟑𝐉𝐐

(Free MT4 Indicators Download)