📌 Updated Guide: How to Use the ICT Breaker Block Indicator
The ICT Breaker Block Indicator is a great tool to help you spot potential trade opportunities by setting up alerts. Here’s a simple step-by-step guide to get you started:
1️⃣ Draw Your Breaker Block
First, find the Bullish or Bearish Breaker Block that’s about to form on your chart.
What’s a Breaker Block?
A Breaker Block is the candle or series of candles that starts with the highest or lowest close before a price move that takes liquidity. This move indicates a shift in market structure, and the Breaker Block can act as a new support or resistance level.
Bullish Breaker Block: This happens when a bearish order block doesn’t hold, and the price breaks through to the upside. It signals a shift from a bearish to a bullish market, and the consolidation into bullish is marked by the highest up-close candle or series.
Bearish Breaker Block: This forms when a bullish order block fails to hold, and the price breaks through to the downside. It signals a shift from a bullish to a bearish market, and the consolidation into bearish is marked by the lowest down-close candle or series.
Use the drawing tool to mark your expected Breaker Block on the chart.
2️⃣ Enter Your Entry and Stop Loss
Manually enter your Entry and Stop Loss levels into the indicator and hit start!
Entry: For a bullish trade, set your entry at the top of the Breaker Block; for a bearish trade, set it at the bottom.
Stop Loss: Place this on the opposite side of the Breaker Block.
3️⃣ Set Up Two Alerts
Now it’s time to set up your alerts:
Alert for Bullish/Bearish Signal: Choose whether your Breaker Block is bullish or bearish. This alert will trigger once the price meets the entry condition.
Terminus Alert: Set this alert to notify you when your TP (terminus) is hit, whether or not the price is tagged. This will help you exit after the Unicorn alert triggers.
📌 Unicorn Alert
For a deeper understanding of how the Unicorn alert works, check out this playlist from AshTrades: Unicorn Playlist
4️⃣ Cancel the Signal Alert
Once your Terminus alert is triggered, make sure to cancel the original signal alert to avoid any confusion with multiple active alerts.
5️⃣ Automate with Webhook (Optional)
Want to take your trading to the next level? You can automate it! Simply enter your Trader Post Webhook URL in the alert settings to send signals straight to your trading bot. 🤖