Shiny15 (Shiny15) | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources

set up
Euro Japanese Yen 15 minutes
Heiken Ashi - Default (usually shipped with MT4)
SSL-20
LevelStop Reverse - Period 100, Multiplier 3, Smooth 60
Laguerre RSI – Gamma 0.75, Levels 0.70 and 0.30
Additional settings and charts <br> Complex - Cycle 1 15, D 2, Levels 5 and -5, Min/Max -25/25 (Warning: Loads very slowly at first)
EURUSD 15 minutes USDJPY 15 minutes

Indicator usage
Ashira Ken Similar to candlesticks but smoother, you don't have to use it, but I consider it a component of the system. In the provided template, it replaces the bar/candlestick/line chart. Note that the longer the wick is at the bottom of the candlestick, the stronger the downtrend, and the longer the wick is above the candlestick, the stronger the uptrend. The shadow usually shows the same highs and lows as the candlestick.
SSL Protocol is a faster indicator, similar to the Parabolic SAR, it sits above the chart in a downtrend and below the chart in an uptrend.
Horizontal stop reverse for exit.
The Laguerre RSI is the most important indicator showing the overall trend with a bullish crossover above 0.3 and should generally remain above 0.70 throughout a bullish trend. The bearish crossover broke below 0.70 and should generally remain below 0.30 throughout the bearish trend. If you are experimenting, remember that the default levels are 0.80 and 0.20.
Complex If the line is between 5 and -5, it is generally in a range and may be a good time to tighten your stop loss a little.

Strategy
As far as I know, any time is a good time to trade as long as the market isn't too slow or volatile. Just wait for SSL and Laguerre to queue up. If you miss that entry, it's probably safe to go back after the SSL has crossed in the correct direction (if it had crossed otherwise).
Currently I use a fixed stop loss of 50 pips and slowly raise the stop loss as the trade progresses. I manually enter a value that is 120 pips away from the high or low reached during the trade, and I occasionally tighten up a bit if the trade has been going on for a while.
I use Heiken Ashi because I find it less worrisome than regular candlesticks.
For the EURUSD and USDJPY charts, adjust them to have the same scale as each other. Deals are usually better if both parties are moving in the same direction. So if EURUSD and USDJPY both rise, and the EURUSD rises and the JPY falls, then the quality of the trade will be higher.

Picture, click to view full version
1. 1.5 or above screen
http://img527.imageshack.us/img527/6...14smallfb6.gif