Introduction
Tired of missing key breakout moves and watching price slip through your fingers? The Forex Darvas Pointer Indicator MT4 is designed to pinpoint market breakouts with surgical precision, so you can enter trades at the ideal moment and ride momentum safely. Built on the classic Darvas Box theory—an approach pioneered by Nicolas Darvas in the 1950s—this MT4 indicator automates box creation, highlights valid breakout signals, and keeps risk under control. Whether you’re a scalper hunting for quick intraday moves or a swing trader targeting multi-day trends, the Forex Darvas Pointer Indicator MT4 gives you the confidence to trade breakouts without guesswork.


Overview
The Forex Darvas Pointer Indicator MT4 blends the time-tested Darvas Box concept with modern algorithmic filters. It automatically draws dynamic support and resistance “boxes” around consolidation areas, then alerts you when price convincingly breaks out above or below those boxes. Unlike repainting indicators that change historical signals, the Darvas Pointer locks in each box at close-of-bar, so historical signals remain intact for reliable backtesting. Designed for all forex pairs and timeframes, it adapts to volatile or quiet markets. Install it once and let the indicator handle the heavy lifting—your job is to confirm entries, manage trades, and protect profits.


Key Features
• Automated Darvas Box drawing on any chart and timeframe
• Non-repainting breakouts confirmed at bar close
• Visual pointers: arrows for bullish and bearish breakouts
• Adjustable box length and sensitivity settings
• Built-in filter for minimum breakout distance
• Customizable alerts: pop-up, email, push notifications
• Works with all major currency pairs, commodities, and indices
• Compatible with MT4’s strategy tester for backtesting
• Minimal CPU load, optimized for live trading


 


Forex Darvas Pointer Indicator MT4


 


How It Works



  1. Box Construction: The indicator scans recent price action to identify consolidation zones, drawing boxes around swing highs and lows.

  2. Breakout Detection: When price closes outside the box by your set distance (e.g., 10 pips), the indicator flags a breakout.

  3. Pointer Display: Arrows appear above or below the candle that confirms the breakout—green for bullish, red for bearish.

  4. Alert System: Receive desktop pop-ups, email, or mobile notifications as soon as a valid breakout triggers.

  5. Trade Management: Use the box’s opposite boundary as an initial stop-loss; trail stops as new boxes form.


Installation & Setup




  1. Download the Forex Darvas Pointer Indicator MT4 from the ForexFactory.cc product page.




  2. Copy the DarvasPointer.ex4 (or .mq4) file into your MT4 terminal’s MQL4/Indicators folder.




  3. Restart MetaTrader 4 or refresh the navigator panel to see “Forex Darvas Pointer” under Indicators.




  4. Attach the indicator to any chart; open the Inputs tab to adjust:




    • BoxLength: number of bars for box calculation




    • BreakoutPips: minimum pip distance to confirm breakout




    • AlertType: choose between pop-up, email, or push






  5. Apply recommended default settings for first use; fine-tune parameters based on pair volatility and timeframe.




Backtest Results
To validate performance, YoForex ran a 5-year backtest on EURUSD H1 with default settings. Over 1,200 breakout signals:



  • Win Rate: 62%

  • Average R-Multiple: 1.8

  • Max Drawdown: 8%

  • Net Profit: +45% (risking 1% per trade)


The equity curve shows steady gains with shallow drawdown dips—ideal for trend-following strategies. Because the indicator locks in signals at bar close, backtest results are rock solid with no repaint distortions.


Live Performance
In a real account monitored by YoForex’s team, the Forex Darvas Pointer Indicator MT4 delivered consistent returns:



  • Month-to-Date: +4.7% net

  • Average Trade Duration: 18 hours

  • Max Open Trades: 2 at any time

  • Live Win Rate: 60%


Transparent performance reports are posted weekly in our Telegram group. Live trading confirms that the combination of Darvas Box breakouts and dynamic filters holds up under real-world conditions.


Tips & Best Practices



  • Pair Selection: Start with major pairs (EURUSD, GBPUSD) for tight spreads.

  • Timeframe Choice: Use H1 or H4 for balanced signal frequency and reliability.

  • Risk Management: Risk no more than 1–2% per trade; use the box’s opposite boundary as a stop-loss.

  • Market Conditions: Box breakouts work best in trending or range-breakout regimes; avoid choppy, low-volatility hours.

  • Demo Test: Always run a 1-month demo trial to get comfortable with signal timing.


FAQ




  1. What is a Darvas Box?
    A Darvas Box is a price range identified by successive highs and lows. Breakouts above the box signal bullish strength, while breaks below indicate bearish momentum.




  2. Does the indicator repaint?
    No. Boxes and pointers are locked at the close of each bar, so past signals remain unchanged.




  3. Can I use it on MT5?
    This version is MT4-only. An MT5 port is in development—join our Telegram for updates.




  4. How do alerts work?
    Choose pop-up, email, or mobile push in the indicator’s inputs. Configure your MT4 mailing settings or mobile MetaQuotes ID.




  5. Is there a free update?
    Yes—download future releases from ForexFactory.cc and overwrite the old file.




Upgrade
To upgrade to the latest version, simply revisit the ForexFactory.cc page and download the new DarvasPointer.ex4 file. Replacement in your MQL4/Indicators folder ensures you always trade with the most accurate breakout logic and new feature enhancements.



Happy Trading!