Quote:
Originally Posted by scorpion
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! |
I didn't understand how it works, so many dots blue and red ? Can you help with examples ?