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Hans Breakout Indicator!
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Old 07-25-2006, 01:39 AM
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Default Hans Breakout Indicator!

This is the first indicator for Hans Simple Combined Breakout System ever coded. It features configurable sessions, breakout pips, and exit time.

This indicator is a must have if you want to follow Hans Breakout System. It gives all the visuals you ever needed.

How to read signals:
  • Buy when price crosses up red dot (resistance). There can be two trades in a single day, because there're two string of red dots.
  • Sell when price crosses down blue dot (support).
  • Set stop loss 50 pips away (EURUSD) or 70 pips (GBPUSD). If the other end of breakout is closer, then set SL to the breakout.
  • Close all orders and trades when the dots end.

Enjoys!
Attached Images
File Type: png hansbreakout_indi.png (12.9 KB, 1997 views)
Attached Files
File Type: mq4 Hans Breakout.mq4 (5.0 KB, 1496 views)
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Last edited by scorpion : 07-25-2006 at 01:45 AM.
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