JapaneseBreakout

Instructions

• Attach the indicator to any chart (advised H4)
• Use input tabs (defaults are 5 and false)
• Press ok and continue trading.

Description

• The indicator uses a kind of pattern breakout strategy to help your trading strategy. I am using this strategy on H4 charts for many of pairs with a trailing stop and default indicator settings. Better results are shown on USDJPY, EURJPY, CADJPY, EURGBP, EURUSD, USDCAD, USDCHF, NZDUSD and GBPUSD.
  
• Trailing stops should be different for each pair. The best results are:
• USDJPY 30
• EURJPY 75
• CADJPY 40
• EURGBP 50
• EURUSD 80
• USDCAD 40
• USDCHF 80
• NZDUSD 40
• GBPUSD 60
• Do not hesitate to ask anything about the trading system or the indicator.

Inputs

• SignalBar: Default is 5
• WaitForBarClosed: Default is false. True means the arrow does not appear till the bar is closed. False – when the conditions are met, the arrow appears on the chart.